Quote:
Originally Posted by Cowboy89
Alberta imports most of it's consumer goods from elsewhere. Net/ net considering that 100% of their salaries have to be raised from Alberta tax dollars or raised in the Debt capital markets with Alberta as debtor it will lead to massive leakages of those funds flowing out of Alberta to elsewhere.
The economy needs capital investment to get money flowing the other way from other jurisdictions. Which means that we need investment opportunities that are competitive for the marginal investment dollar. Making it more expensive to run a business in Alberta to employ teachers aides, or beef up Service Alberta run completely counter to that end. And before the Flash Walken's of the world start harping about how our taxes are much lower than 'Canadian standards' I would point out that:
A) the marginal investment dollar is global not just domestic
and
B) Other Canadian jurisdictions at the moment are awful at attracting investment as well so being more like Ontario & Quebec is not a selling feature
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Exactly. Without local value creation, our economy becomes one big shell game... of wealth redistribution
I give my tax dollars, the government pays the teacher who then comes into my shop and buys from me. The cycle continues. There is no growth.