Quote:
Originally Posted by Monahammer
Lol... ok, humor us and tell us what totally theoretical and unproven problems you foresee this creating?
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I don't know why I'm bothering, but sure. How do you think that it would influence things in the country where one of the ten provinces has $500bn in the bank and the other provinces have virtually zero? Do you think that other governments would start to look at that cash and try to grab at it? With Norway, being sovereign is a different structure. They can have that cash there and there is no one else with designs on it at all.
I do also wonder about governments within Alberta though. You think that separation and separatists are a factor today, imagine those factions with that cash sitting there. Suddenly, the economic benefits of staying Canada become questionable if you have a province that has a "sovereign" wealth fund of significant size.
Let me be clear, I'm not saying that we shouldn't build up the Heritage Trust Fund, and not saying that we shouldn't have done it years ago. But I do wonder what issues come as part of that, because I think it's naive to think that everything is the same only we have a pile of money there.