Quote:
Originally Posted by ken0042
I have to agree with Flame On- if the province gets X Billion today from Y projects, and then next year they get X Billion from half the same projects, then won't we be just as far ahead? And for not biting the hand; it's not like the oil and gas under our feet will suddenly become useless. In fact, wouldn't being able to hang onto some of it for longer help Alberta maintain its levels for a longer period of time?
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What about the loss of taxes that the missiong $1 billion in capital generates?
It's not just the absolute value of the royalties that you have to consider.
As busy as this province is removing $1 billion worth of investment (and that's just by ONE company), will have as much of an impact as the province taking an extra $2 billion in royalties.
Economic impact is not always as simple A + B - C = nothing changes.
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