Quote:
Originally Posted by PepsiFree
First and foremost: debt reduction. Second: stability, as a stable PST would make our economy less susceptible to the swings on natural resources.
Then, depending on the success of the first two, you could bring down corporate and income tax.
I think it’s just generally wiser to tax spending over earning.
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A proper consumption tax - like in every other province - is something long overdue in this province, if for no other reason than to provide a fair and equitable tax to bolster our revenue numbers. The lateral benefit is that is help reign in consumer spending a bit, which Albertan's have the highest consumer debt in the country.
The only downside I see is that I know many people from out-of-province (other Canadians) love shopping here because they save money on sales tax that they would otherwise have to pay in their home province (the "Alberta Advantage" as the Ontarians I know call it). But such a tax should not be designed to cater to out-of-province folks; Albertans are who matters here.