If the boom and bust cycle runs about five years, I would like a plan in place to eliminate known loopholes to the royalty structure, and increase incrementally investment to the heritage fund to close to double that 30% suggestion over the next five years.
We can use the return on investment from the heritage fund as a revenue source, which would be significant in about a decade of investment at a high rate.
Perhaps mandate one significant capital project a year, that builds infrastructure, and doesn't have to be in a position to repay the initial cost. (ei. year one build a billion dollars worth of education facilities and tools, year two a billion dollars in medical and diagnostic facilities, year three a nice little mag-lev from Calgary to Edmonton, ect.)
Rinse and Repeat.
Considering how much money we are sitting on, can't we stop worrying about if we have enough Kraft dinner, and live in a futuristic wonderland for once? Our aspirations are so depressingly low.
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"By Grabthar's hammer ... what a savings."
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