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Originally Posted by Bunk
Some changes to our income tax structure and a (relatively) small sales tax would probably solve the basic revenue problem we have and we'd still be the lowest tax jurisdiction in Canada.
When prices start to rise again, surpluses from royalties should be used for only a few purposes - savings and endowments, Advancing some capital projects where appropriate and toward economic diversification within the energy industry and the provincial economy generally. Time to start future-proofing ourselves in earnest.
The stupid thing they're also doing is also deferring capital projects like the cancer centre. This is the backward fiscal policy we've been exercising for generations. The time to build capital IS during a downturn, especially with lower interest rates. It's cheaper to borrow and build when there's lower labour competition. Instead, we build in boom times with high inflation.
We're so dense and short-sighted. I'm almost compelled to run to help fix this mess we have made.
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I believe Alberta already has higher income tax than other provinces for most of the population. It's only the highest bracket that pays less.
This province needs a cleansing of these criminals that run the PC party and for once get some politicians that care about more than their own future. Not gonna happen though, we will just continue to hear about the "BS" alberta advantage etc. Most people will fall for it.