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Originally Posted by CliffFletcher
Do you have any data on that? Canada is middle of the road in the OECD on overall taxation, and Alberta still has the lowest tax regime in Canada.
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Not sure where you're looking but now Canada is 4th highest in personal income, short of Sweden and Denmark and one other. Corporately we are middle of the road.
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We're going to have to bring those two numbers into alignment. Of course we'll have to cut spending. But we'll also have to raise taxes. And if we persist in supporting parties that tell us we can reach a sustainable public finance model doing only one of those things, Albertans will still be children who were spoiled for too long by a fantasy-land economic model.
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There is a much different tax rate if your goal is to optimize the economy than if it is simply to generate more revenue for the government...meaning there is a time to raise taxes and a time to not raise them. If you're suggesting now is a good time to add more taxes you're just as lost as the dummies who spent us into this problem in the first place.
I'd also just like to point out that there is no sub sovereign jurisdiction on the planet more in debt than Ontario with its healthy 8% sales tax. That and a robust economy makes me think maybe spending is more the issue.