Quote:
Originally Posted by #-3
The correct answer was $30M. But 1.5 billion close enough.
(GDP does not equal tax revenue).
Or maybe the $1.5 you are talking about is the brain dead investment Kenny made in a pipeline that has been doomed to be an incomplete political football for a decade now and a decade more to come. Just wait until you find out about the extra $1000 every Albertan has to put into this when they decide to default on the loan we've guaranteed.
Piss on the lost economic activity, the real cost here is throwing Albertans money away for politically motivated grandstanding.
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No the correct answer is 30 billion, you’re only off by a factor of 1000. And that’s just in direct tax money, I know you wanna piss on the overall economic generation for some reason but that exists too. Even just simple arithmetic shows how much value we’re losing, 830,000 barrels X $50.00 USD per day every day. Even if the pipeline is only half full in just one year it’ll ferry 9.7B CAD worth of oil south...and your 30 million number is .3% of that. I can promise you the royalty rate in Alberta is much higher than that