Quote:
Originally Posted by Lubicon
I'd rather we institute a 5% HST and put ALL royalty revenue into a fund (not Heritage fund) with the growth of the fund (after inflation) going towards specified areas (education, income tax reduction etc.)
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I think it's better to spend a specified percentage of the fund vs the growth, because then you trade oil price budget swings for stock market budget swings.
I also dislike specified uses. Spend the money the best possible way- earmarked funds inevitably leads to boondoggles.