Quote:
Originally Posted by Resurrection
You know that the conservative cheerleaders on this forum are desperate when they look to celebrities like O'Leary to try and crap and dump on Notley.
Can anyone find out what Russell Peters thinks of Notley? Maybe we should get a couple famous hockey players in on this too. O'Leary isn't a money manager, he's a bimbo shill; the investing worlds Kim Kardashian.
In answer to the ridiculous question about raising corporate taxes by 2% (i know 20% sounds scarier so go ahead and use that number if you like) is a possibly bad idea because of the state of oil...or royalty reviews... yes. Great idea. Business should pay their fair share. We shouldn't get involved with a race to the bottom. We have lots of oil, and that demand will eventually go right back up as well as prices. When that happens I'd like to make sure we aren't getting bent over a table.
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Dislike O'Leary all you want, that's fine. His message is accurate.
Capital flight does occur, it is occurring, and it will continue to occur so long as the government of Alberta fails to provide the stability necessary for investment in our province's energy industry.
Furthermore, I think you are missing a very key point. Yes we have a great deal of oil in our province, no one denies that. However, our oil is far more expensive to produce than in many areas of the world. By continuing along this path, the NDP is simply encouraging capital to leave the province.
The entire premise of the NDP is to create jobs by sticking it to corporations and higher income earners. There is a reason that every single time an NDP government is in power they end up making things worse (hint: their economic policies are not grounded in reality). If you think a 20% increase in taxes is minor, you are kidding yourself; you can directly link NDP policy to job losses in corporate Alberta, at a time when they should be doing everything possible to support job creation.
I'm no fan of Kevin O'Leary, but he is absolutely right. The NDP are making a mess of this, and they haven't even been in office for a calendar year. The 2019 elections can't come soon enough.