Quote:
Originally Posted by Locke
So....the obvious.
Raising taxes, raising minimum wage and the royalty review while facing an economic downturn was just stupid.
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Probably the best time for a royalty review considering it had been 10 years from the failed royalty review. And the pricing environment was killing investment and adding far more uncertainty than any review could. The changes on the conventional side were meaningful. When and how often should Royalty reviews be conducted?
Raising taxes was also prudent. We are now the second least taxed province. I agree with the article that the US tax cut put us in a bind. There 21% combined rate in Texas puts us at a disadvantage. Comparing the 26.5 in Quebec and Ontario to the 27 here and attributing the differences in job growth to that is nonsense.
I agree with you that raising minimum wage to $15 was a bad idea. I didn’t mind the first few increases as the $9 or so it was before was too low. If they had stoped at $11 or $12 that would have been reasonable in my opinion.
As the article concludes a change in government is unlikely to fix the main issues.