Quote:
Originally Posted by Slava
I'm so torn. I definitely think we need a sales tax in Alberta. But I also don't like to have the government have too much money. I think it just encourages too many white elephants and government getting involved in a lot of things they really shouldn't be because "hey, we've got the money to be able to do these things".
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The solution to that problem is over 10 years move to relying on zero dollars of resource revenue and only use the interest on heritage fund. Effectively withdraw 2-3% per year increased by inflation. Maybe start at at 75% of oil revenue. Also the way deficit and surplus reporting should be done is sans oil revenue or at least at $50 WTI adjusted oil revenue.
The government needs the revenue but it doesn’t need the surpluses.