Quote:
Originally Posted by Slava
The $90 oil isn't the issue though, its the gas royalties that were once $8B and are now a mere $1B. That's the issue as far as resource revenue.
It wasn't that long ago, about 13 years when the province was feeling rich on these revenues and slashed corporate taxes and taxes for the highest earners in the province as well. That has had an enormous affect as we now have the budget funded largely on resource revenue at a time when our largest customer is cutting their demand and use.
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Ralph's Alberta advantage (tm) was to have resource revenues carry most of the bills... So corps and people didn't have to.
Remember when he gave away a billion dollars in ralph bucks? Or when he gave natural gas rebates to Albertans... Including the ones in jail?
In hindsight, these acts don't seem so fiscally responsible.