Originally posted by AlbertaFarmer5
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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.
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