Quote:
Originally Posted by Shazam
So, you'd need a $100b fund that generates 5% to get $5b a year.
You think that's feasible?
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Yes - I think it is entirely feasible that the Heritage Savings could be generating $5 Billion per year at this point.
The fund was supposed to receive 30% of Alberta's resource revenues......and it was setup 35 years ago. Anyone that thinks we couldn't have saved (at least) an average of $2 Billion per year over the last 35 years is kidding themselves. The problem is that we stopped saving many years ago, and at one point even started spending the money.