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Originally Posted by Cowboy89
Peter Lougheed isn't a deity and also he's not around to endorse or denounce Notley or Kenney. So that statement should count for virtually zero.
How about we not pay carbon taxes until all other jurisdictions that we compete for investment capital actually pay carbon taxes and only in the amount that they apply them for? That way we won't chase away any more investment than we already have.
How about we try and fix the deficit through spending cuts and other revenue initiatives?
Do those two things and let the professionals who work in our economy sort out the best investment opportunities for their capital rather than Joe Ceci or whatever passes for an NDP finance minister should he get defeated (Imagine the oceans of craft beer with no market to sell into!!). A NDP (or any other party) government isn't going to make the best investment decisions and will compromise our budget even further than they already have while trying.
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Peter Lougheed understood that industry can’t and won’t make investments that are required for the good of the economy as a whole (e.g. AOSTRA) and that natural resource revenue should be saved (Heritage Fund). And while healthy industry is crucial companies will not invest with economic growth in mind...they invest to provide returns to shareholders.
One problem I see with scrapping carbon tax to be competitive is that it’s a race to the bottom and there is nothing stopping another jurisdication from going even lower than Alberta.
Basically, what I’m (awkwardly) trying to say is that cutting taxes and reducing the role of government isn’t going to point Alberta’s economy in the right direction for the long term.