Quote:
Originally Posted by puckedoff
Beleive he was talking about long term growth, not sure how a 1 yr sample size is relevant.
|
Long term growth in Alberta outside of the energy sector declined during and after Klein's time in leadership.
Selling off AGT and other profitable public corporations reduced the breadth of Alberta's tax base and revenue generating ability, meaning declines in energy sector profitability hurts the Alberta economy worse now than it did in the 1980s.
Sure, it consolidated political support to basically one industry which was good for established provincial politicians, but it was bad for Albertans as a whole.
Alberta has struggled to reconcile their low tax rate and lack of provincial revenues ever since. The BC Government is currently utilising the same playbook to the same, predictable results.