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Originally Posted by CaptainYooh
I know Ceci personally. A good, smart and caring individual. He is definitely not an idiot. Also, he is definitely in a wrong post though. He should have taken the social services portfolio. The fact that he'd been given one of the two toughest posts (other being health) speaks about how unqualified the NDP roster was and still is. But we all know that. Notley can't shuffle the cabinet, she's got nobody.
One of the biggest budget shocks for NDP is not the oil. They knew about oil prices plunging. It's the income tax. I heard that they are getting $1B less income tax than they had estimated. This is soooo typical of a bureaucratic budgeting process. Someone says: "income tax was X. Let's increase it by Y% and budget X+Y%". Ooops, but the income dropped so high, there is no increase at all. OK, but instead of trying to help the business in the tough time, they think of taxing it more and add uncertainty by delaying royalty review and budget. The reality is, nobody in this government has a good understanding of how the business works and they didn't care to ask for advice. Ideology first. A recipe for disaster.
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This is something that concerned me right from the beginning. They took tax revenue for granted and do not understand the idea of a declining balance taxation.
It is what it is and it will always be that and if we need more we raise the rates.
It is the biggest concern to have when dealing with people who operate primarily with ideologies, because to have basically assumed the tax revenue was a constant shows an inherent incomprehension of the absolute most basic and fundamental concepts on which our society operates.
Basically, they approach the concept of money is if it was magic. Its always there and you can spend as much of it as you like on whatever.