Quote:
Originally Posted by Locke
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.
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I'm still amazed by the number of people that argued with me on this point right after the election. Nobody seemed to believe that all the $150k/yr incomes were driven by bonuses and overtime thanks to the boom, now most of those people are either laid off or back to making $60-70k/yr and the "tax the rich" crowd is about to get a rude awakening as to how few truly wealthy and/or high income earners there are in Alberta.