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Originally Posted by futures
Maybe they will be considering a province awash in resources is going into debt. The fact you can't wrap your head around it makes me believe you don't understand the basic principals of economics.
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Alberta is going into debt because it has the highest per-capita program spending in the country. If you spend too much money, you eventually go broke. That basic enough for you?
By the way, the word is
principles, and the accusation is a laugh. You might try finding out who you're arguing with before accusing them of total ignorance.
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In fact, researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.
The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.
This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries
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Citation, please. There are a lot of bogus economic studies published by political think tanks with big fat axes to grind, and frankly, this sounds like one of them.