Quote:
Originally posted by Lurch@Aug 26 2004, 04:05 PM
Alaskans do get a refund every year, but they are a little nuts about it. The Alaska government is in a position where they can no longer really afford the 'dividend' but residents would rather see them raise taxes and still dish out the money rather than just cut the money.
My choices for the bounty Ralph lucked into would be to invest it in long-term growth such as infrastructure, R&D, etc. Norway, a country quite similar in size and economy to Alberta, has a fund of $100 billion for when the oil revenues dry up to kick start some diversification. If you want an eye opener, keep in mind the only thing separating Alberta and SK economically is oil revenue - if we p*ss it away it's pretty easy to see where we'll end up, and Ralph seems bound and determined to p*ss it away.
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I would agree that once you start, its virtually impossible to stop. Not the fault of government. Its the fault of citizens who come to view it as an entitlement.
Send me the money.
Cowperson