Quote:
Originally Posted by Fozzie_DeBear
There are economic feedback loops that make the rich better able to get richer...a wider range of investment options, disposable income etc.
Basically it takes money to make money...
Not sure what a municipality can do about this...save a progressive housing tax (i.e. a mansion tax).
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And that is exactly why it isn't fair to blame Alberta or Calgary for that problem.
Alberta provides more jobs and opportunity for success than a lot of other provinces/states/countries in the world.
The tax code should be fair to all, and extra fair to those that are poor. Although I don't think 'taxes' are the problem here.
Seems to me like HuffPost has a itch with the O&G sector, and they're reaching to try and back it up with facts.