Despite its shortcomings, Canada is not an economic basket case​

[cropgrower]

PP was intelligent enough to see what would happen 3 years ago , and tried to stop the madness when the country was being destroyed

[cropgrower]

They are out of their minds

[sumdumguy]

Isn’t that picture typical?

[chuckChuck]

"In 2022, oil and gas extraction companies made $270 billion in total revenue and $63 billion in profits in Canada, according to Statistics Canada."

Norway has $1.7 trillion in its wealth fund based on its oil wealth.

In Canada we let the petro elites have most of the wealth and the rest is pissed away with the mess left for taxpayers to clean up.

Norwegians are the real fiscal conservatives who know how to manage one time resource wealth.

[shtferbrains]

I don't get the concept of having the highest tax rates in the world including personal income taxes and the government holding huge reserves of cash?

[jazz]

Did you say one time wealth chuck. There is enough oil in Alberta to last until the year 10,000AD. And good news, the temperature will be the same as it is now.

Maybe if we jettisoned the Quebec anchor we could put a few nickels away for a rainy day. How much did hydro and auto biz contribute the wealth fund. A big fat zero. And they never will.

[chuckChuck]

I don't get the concept of having the highest tax rates in the world including personal income taxes and the government holding huge reserves of cash?

Why is Danny Smith in Alberta planning to rebuild the Heritage Fund then?

So if you are a billionaire do you spend it all as fast as you can or do invest it which is what Norwegians do?

[GALAXIE500]

You get what you pay for

We got what Toronto , Ottawa , and Montreal voted for. A decade of total idiocy at every level in this federal government. Another 4 year term of Trudeau , and western separation is going to get real serious in my opinion.

[shtferbrains]

So if you are a billionaire do you spend it all as fast as you can or do invest it

If I gave it to any Government to invest for me they would soon piss it away on crap to buy votes.

[AlbertaFarmer5]

Agreed. But given the current crop of candidates, who would you suggest is more qualified?

It seems Chuck isn't going to respond.

It seems to happen every time anyone asks him a reasonable question in a civil manner, especially if it is a question that has an actual easy answer.

Perhaps we all need to resort to calling him a pedophile along with every question to actually get a response. It worked for Wilton.

[WiltonRanch]

It seems Chuck isn't going to respond.

It seems to happen every time anyone asks me reasonable question in a civil matter that has a actual easy answer.

Perhaps we all need to resort to calling him a pedophile along with every question to actually get a response. It worked for Wilton.

Had to try something. Ended up he called me an anti gay bigot. I hope him being a pedophile is as untrue as me being a bigot or yuck we’re conversing with one of those.

[AlbertaFarmer5]

There is no way Canada should be a basket case. With the resources we have been endowed with, productive land, abundant forests and our location between US and Europe, we should be one of the richest countries on earth.

Two historical examples come to mind.

I once visited the imperial war museum in london. There was an entire floor dedicated to the holocaust. One of the displays was about the department known as canada. They referred to the room where all of the confiscated property of the Holocaust victimswas stored and processed as Canada because Canada was known as The Land of plenty. Checking the internet it seems that name was provided by the victims themselves. Though I seem to recall it being attributed to Hitler himself according to the museum.
I can't find the quote now. But Hitler said something to the effect of any idiot can manage the resources and land base of Canada and become a rich successful country. It would be impossible to screw up when endowed with such bountiful natural riches. As compared to Germany at the time who had to be extremely industrious and productive to succeed with their limited resources and land base.
But we have found a group idiotic , incompetent and possibly traitorous enough to screw it up.

If anyone knows the actual quote, please share.

I bring this up because this tends to be the prevalent attitude of people all over the world towards canada, Europeans specifically.

[TSIPP]

Had to try something. Ended up he called me an anti gay bigot. I hope him being a pedophile is as untrue as me being a bigot or yuck we’re conversing with one of those.

My best guess is chuckroach is a pedo that identifies as a heterosexual even though young boys aren’t safe around him, unfortunately I’m not wrong because my gut instinct is never wrong.

[sumdumguy]

Did you know that climate change (warm weather) is making baby birds jump from tall buildings? This paid off media never stops.

[jazz]

Unfortunately, the productive part of canada is landlocked by retards.

Quebec fought the Energy East tooth and nail, wanted no western crude crossing its territory. So now PP has pitched bringing LNG which would be liquified by hydro power and then exported.

Thats a great idea. And it will remain just an idea and another failed opportunity to move us ahead.

Remember, $600B was wasted by the Trudeau govt. Just think what we could have built with that that would have raised everyones living standards.

Never seen a country so mismanaged. Hopefully the commodity supercycle will rescue us.