More Taxpayer subsidies to the Oil patch!

[shtferbrains]

I agree with everything you say there newguy, including the voting part.
But I can't forget the feeling of neglect rural Sask had when we had the little preacher and the NDP in power.
There has been a hard shift to the woke left by all the NDP party's since that time.

As a reminder, most everyone in Sask was raised in NDP diapers but we can see a better way.

[WiltonRanch]

The ndp is trash and Sask party has been in for 17 years. No one wants a return to pre Sask party times but wants a change. Kind of an untenable situation thinking the Chuck types is the only alternative. I don’t care for my mla but the devil you know. Last ndp mla we had was deplorable and more concerned with eating than representing constituents.

[newguy]

You could probably compare the Moe government to the Devine government more than the present NDP to the old NDP government. And we all know the Devine government was the reason the conservatives had to restart with even a new name.Political corrections is about cleaning house .Without doing that you end up with a corrupt dictatorship.

[AlbertaFarmer5]

But I was brought up to call out bad governments no matter which side.

You must be a busy guy, calling out all of the bad governance coming from the current federal coalition.
As a guy who votes many different ways, and calls out bad government, you are awfully quiet about the current federal situation.

[WiltonRanch]

You could probably compare the Moe government to the Devine government more than the present NDP to the old NDP government. And we all know the Devine government was the reason the conservatives had to restart with even a new name.Political corrections is about cleaning house .Without doing that you end up with a corrupt dictatorship.

True enough but ndp of past held a lock on power scaring all the old buggers about Devine and what not. Not saying ndp didn’t get fiscally prudent to fix the past spending sprees but they didn’t build on anything. Nothing happened until they were voted out. You’d be living under a rock in butt f Saskatchewan if you didn’t see that.

[newguy]

You must be a busy guy, calling out all of the bad governance coming from the current federal coalition.
As a guy who votes many different ways, and calls out bad government, you are awfully quiet about the current federal situation.

Federal government needs a political correction also.And would have had one long ago if the core group never chased away theikes of Kevin Oleary.Consevativeswith O Toole moved left and the core conservatives gave him the boot .Now they have moved to a Trump style leader .

[newguy]

True enough but ndp of past held a lock on power scaring all the old buggers about Devine and what not. Not saying ndp didn’t get fiscally prudent to fix the past spending sprees but they didn’t build on anything. Nothing happened until they were voted out. You’d be living under a rock in butt f Saskatchewan if you didn’t see that.

A correction is about priority change.Yes the NDP needed to go back then for change in Sask. Now a priority change is needed back again.It is just the way to keep governments healthy .History shows this hs been happening in Canada and the USA for a long long time.History shows if you are angry when a different party is in power than what you want you will be angry half your life.

[furrowtickler]

If NDP get back in Sask hopefully 80% of our young working people don’t leave again like the lost decade of the NDP of the past .
maybe this time be different, who knows nowadays

[chuckChuck]

Curly Moe and the Sask party are in the pockets of the resource sector. They have done a terrible job on Potash royalties as well.

When Potash hit very high prices during the recent commodity boom, the province collected only a small proportion of royalties even though potash revenues and profits went through the roof.

[url]https://www.schoolofpublicpolicy.sk.ca/research-ideas/publications-and-policy-insight/policy-brief/saskatchewan-forgone-potash-windfall.php[/url]

Saskatchewan’s Forgone Potash Windfall: Collecting a Fair Public Return

"The price of potash doubled in 2022, adding $10 billion to the value of Saskatchewan's pink gold. But the provincial government collected only a quarter of this windfall. This policy paper highlights the need to improve royalties and taxes to ensure a fair return for the people of Saskatchewan."

Saskatchewan has one-third of the world’s potash. This fertilizer’s price doubled in 2022, creating windfall profits of $10 billion.

Although the Potash Corporation of Saskatchewan (PCS) was privatized in 1989,¹ the potash itself – like any other mineral – still belongs to the province. For more than a decade, economists including yours truly,² Jack Mintz,³ Jack Warnock,⁴ John Burton,⁵ and Jim Marshall⁶ pointed out that flawed royalties and taxes under successive governments have failed to capture the value of this resource.

Last year’s windfall highlights the need to collect a fair return for the people of Saskatchewan, who own the resource, from the mining companies that extract it. Although potash prices moderated this year, the value sold in 2023 already exceeds 2021 and every previous year.⁷

The Ukraine war dramatically increased demand and prices for Saskatchewan potash. Facing economic sanctions, Russia and Belarus slashed their combined potash production from one-third of global output in 2021 to an estimated one-fifth in 2022.⁸

While Saskatchewan mined the same volume of potash in both years,⁹ the value of those sales leapt from $7.6 billion in 2021 - already above any prior year - to $18.0 billion in 2022.¹⁰ An extra $10.4 billion arose not from additional production, investment or risk-taking by mining companies but from international events beyond their control.

This sum is enormous for Saskatchewan, enough to pay off the provincial General Revenue Fund’s entire operating debt.¹¹ Ten billion amounts to $8,500 for every Saskatchewan resident,¹² seventeen times the value of the $500 Affordability Tax Credit cheques the provincial government sent only to adult tax-filers.

The potash windfall could have been distributed to Saskatchewan people through cash transfers or tax cuts, used to pay off debt, saved for future generations, or invested in provincial infrastructure and services such as healthcare, education and housing. To fund these worthy goals, the Government of Saskatchewan would have needed to collect much of the ten billion on behalf of resource owners.

The provincial Public Accounts, reported by fiscal year, indicate that potash revenues nearly doubled from $1.3 billion in 2021-22 to $2.4 billion in 2022-23 - an additional $1.1 billion from Crown royalties and the potash production tax. Although resource surcharge revenues are not broken down by commodity, the flat 3% surcharge on ten billion of incremental potash sales would have added $0.3 billion.

Therefore, Saskatchewan’s royalty and tax system collected $1.4 billion of the potash windfall. It left the lion’s share in mining company coffers, which contributed to temporarily higher share prices, continuing dividend increases and higher corporate tax payments.

[GALAXIE500]

I grew up listening to die hard NDP supporters blaming the Devine government for all of their problems that their farm \ business had for 30 years ! Some people just can't get off of the blame game. People in Alberta and Saskatchewan better remember what the NDP did to them , especially Sask.

Just my opinion, but Saskatchewan got emptied out into Alberta for a reason.