Quote:
Originally Posted by DiracSpike
That's one way to interpret I guess, only valid if you pretend that the Heritage fund never existed. It's also funny that you pretend any other kind of government cares remotely about saving money, certainly your boss doesn't.
|
??? I work in the private sector. Have for several years now. In any event, municipal governments are legislatively obligated to budget to a balance. They cannot run deficits and they can’t budget for surpluses. The City has a system of fiscal reserves if it ends up spending less than budgeted or collecting more than budgeted.
What I’m saying is a tax structure (and sufficiently constainted spending) that saves oil and gas money and puts it in the Heritage Fund IS the right way to go. Unfortunately, it’s been decades since that’s been happening in any material way - all while we still talked about the “Alberta Advantage”.
We are absolutely hobbling our future fiscal viability -as it’s almost a mortal lock that our main commodities will be worth less in the future than they are today (and over the past 25 yrs).