Quote:
Originally Posted by Azure
I have a $4 billion dollar surplus with the majority of spending remaining in tact. I also reintroduced health care premiums, but would like them in the form of a $5 dollar use fee everytime you go to the doctor.
Income tax is at 11%, but would like it brought up to 15% over 5 years with 1% increase per year. Most people won't notice it that much.
Sales tax is at 2%, with a slow increase to 5% over 10 years.
I have $8 billion in resource revenue that I want to completely remove from the 'budget.'
IMO, the resource revenue should ALL be put into savings, and taxes should be used to balance the budget. If there is a budget surplus based on excess tax revenue, that money should be directly invested into capital projects throughout the province. Figure out what needs to be built where, and spend it there.
I see NO reason why Alberta can't STILL have low tax rates, and run a surplus year after year.
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I largely agree with you. I wrote about how that money light to be invested, away from the politicians, and revenues used to fund our budget years from now. I'm sure politicians wouldn't love it, but the reality is that its a sensible approach to long term planning.