Quote:
Originally Posted by Regorium
Alberta chose a path of low taxes in comparison to Norway, and also Alberta has to deal with equalization that has taken 550B out of the Albertan economy and into the Canadian one.
The wealth was distributed to every Albertan and Canadian, rather than contained within a sovereign wealth fund. Is this the right play when we know the average person is a total dumbass? Probably not, but I argue that it's not mismanagement of the fund - just different choices.
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Equalization is a red herring. Alberta doesn't pay equalization....Albertans pay taxes. Albertans paid taxes back in Lougheed's day, yet he was able to create and fund the Heritage fund. 100% it is the choices made by conservative politicians since then that kept the fund from growing, not the rate of federal taxation.