Alberta following Texas

[sumdumguy]

I missed that Tom, fill me in.

[chuckChuck]

It seems like just a couple of weeks ago that Chuck was lecturing us all about only using credible sources.
Then he manages to quote not only the Narwhal but also the Tyee all in the same post.
That is almost as funny as quoting the amateur astronomer from the CBC about global warming.
I ask seriously, are there no adults in your life to warn you when you are making as ass of yourself in public?

“Norway realized revenues of $87.69 per barrel in 2013. Alaska managed $38.54. And Alberta? Just $4.38 — one-twentieth what our Norwegian cousins managed to rake in,”

So A5, near the peak of the last oil boom with very high crude prices Alberta pulled in just $4.38 per barrel and Alaska pulled in 9 times more per barrel! Alberta should have had some adults supervising the cookie jar. But instead they gave a big gift to the oil industry. It's the Alberta Conservative way.

In 2015, the Calgary Chamber of Commerce calculated that Alberta’s sovereign wealth fund would be worth $40.9 billion if it followed Alaska’s model of taxation and $163.7 billion in the case of Norway.

The Narwahl story quotes Andrew Leach, associate professor at the University of Alberta’s business school.

A5 if you think that the Tyee, The Narwahl, Andrew Leach and the Calgary Chamber of Commerce numbers are wrong then show us the evidence. Where are your numbers?

Now your record on providing credible evidence to back up your claims is weak at best. So I am not expecting you to change your spots on this one. But here is your chance to prove them all wrong.

Face it A5, you would have called Peter Lougheed a socialist for his views on managing the oil industry. LOL


Here are some more insights into how the Alberta tax advantage favours the rich and does little for low income earners in Alberta.

"Alberta could choose to increase sales taxes to alleviate the reliance on natural resource revenues, as Saskatchewan recently did, but a political distaste for taxes makes that unlikely.

Salomons suggested the current system has actually resulted in a ‘baked-in’ subsidy that primarily favours high-income earners.

That’s because rich Albertans haven’t had to pay as much in income taxes over the years as they would in a less oil-rich jurisdiction. Since both the province’s previous flat tax framework and marginal tax rate system exempted very low-income earners, the poorest segment of society didn’t receive any benefit from the oil subsidies.

“The more you pay in taxes, the more you benefit, essentially,” Salomons said in an interview.

“When you start thinking about it in those terms, it’s a system that actually exacerbates inequality.”

[TOM4CWB]

I missed that Tom, fill me in.

The Edmonton Eskimos do not exist. Gone. Now the Elks… why not the Cariboo!!! Or the Moose!!!

Cheers

PS
Soon the Elks will be offended too… and then they will have to change the name again!!!

[shortbox]

No that is not my thinking at all. Society determines the services they want and those services needs funding.

Good then society should fund those services, not western canada pay and quebec gets the services!

[AlbertaFarmer5]

"Alberta could choose to increase sales taxes to alleviate the reliance on natural resource revenues, as Saskatchewan recently did, but a political distaste for taxes makes that unlikely.

So now you are back to being in favour of sales taxes?

Because in the $6 Billion to Quebec thread, you were opposed:

Consumption taxes are considered regressive because many low income people still have to pay them on basics to survive.

Progressive income taxes are fairer because you pay more tax based on your income and your ability to pay. And the personal tax exemption can be high enough that low income earners don't have to pay much tax.

But a couple of posts before that, you were in favour, until I stated my support for consumption taxes as the only democratic form of taxation.

At least you are consistently inconsistent. Such as with your insistence on credible sources, and then the examples stated above.

Maybe you should organize your troll activities using a spreadsheet, so you can remember what position you take on which forum, and under which alias, so you can stop contradicting yourself at every turn?

Either that or else try to cut back on the drinking ( or toking) and posting?

[chuckChuck]

So now you are back to being in favour of sales taxes?

Because in the $6 Billion to Quebec thread, you were opposed:

Consumption taxes are considered regressive because many low income people still have to pay them on basics to survive.

Progressive income taxes are fairer because you pay more tax based on your income and your ability to pay. And the personal tax exemption can be high enough that low income earners don't have to pay much tax.

But a couple of posts before that, you were in favour, until I stated my support for consumption taxes as the only democratic form of taxation.

At least you are consistently inconsistent. Such as with your insistence on credible sources, and then the examples stated above.

Maybe you should organize your troll activities using a spreadsheet, so you can remember what position you take on which forum, and under which alias, so you can stop contradicting yourself at every turn?

Either that or else try to cut back on the drinking ( or toking) and posting?

So A5 where are your numbers to prove all the quoted sources wrong? We are still waiting. LOL

Consumption taxes can be exempted on essentials and rebated to low income earners, as is done with the PST, GST and HST in several different ways across the country. This helps offset the negative impact of consumption taxes on low income earners.

Alberta chooses to have a relatively low flat rate income tax that favours well off Albertans. The benefits of the oil wealth are not shared equally in Alberta. The province and public own the resource, but the benefits are weighted heavily to the elite and oil companies.

Because Alberta relies on a very volatile commodity with a meager amount of taxation, they have lots of revenue for core services during good times and not enough during low oil price periods.

Its a text book example of how not to run a boom and bust province and economy. Little saved during the good times and a lot of complaining during the downturns.

In Alberta, having a plan for the future isn't high on the list of priorities it seems.

[flea beetle]

So A5 where are your numbers to prove all the quoted sources wrong? We are still waiting. LOL

Consumption taxes can be exempted on essentials and rebated to low income earners, as is done with the PST, GST and HST in several different ways across the country. This helps offset the negative impact of consumption taxes on low income earners.

Alberta chooses to have a relatively low flat rate income tax that favours well off Albertans. The benefits of the oil wealth are not shared equally in Alberta. The province and public own the resource, but the benefits are weighted heavily to the elite and oil companies.

Because Alberta relies on a very volatile commodity with a meager amount of taxation, they have lots of revenue for core services during good times and not enough during low oil price periods.

Its a text book example of how not to run a boom and bust province and economy. Little saved during the good times and a lot of complaining during the downturns.

In Alberta, having a plan for the future isn't high on the list of priorities it seems.

I guess if alberta was to run the province like trudope, they should be happy to give big chunks of money to other provinces/countries never to see any benefit for themselves?

[AlbertaFarmer5]

The New Communist Party had 4 years in power with a majority. They didn't substantially change the royalty formulas or the taxation. Could it be that it is not as simple as our resident simpleton makes it out to be?

[chuckChuck]

But as I said before you would probably call Peter Lougheed a socialist and commie too. LOL

When you are so far right that you think Alberta should join the USA, everybody looks like a socialist! Even Peter OhTool!

Got your separation plans made? If Notley and Trudeau wins again, will you be hanging off the plane at the Edmonton airport?