Quote:
Originally Posted by CaptainYooh
Nothing is simple here. A "simple reduction is public service spending could reduce debt in no time", no? A "simple increase in provincial income tax rate could reduce debt in no time", no? Advocating for PST as a universal solution to deal with debt is same as asserting that simply pumping more oil from a well would make it more profitable. It's nonsense. To get more from the people, governments must assure first they have more to give.
|
I respectfully disagree...Alberta has been using natural resource royalties to fund Government operations for decades INSTEAD OF FILLING UP THE HERITAGE FUND.
Albertans have been mortgaging their future to avoid modest sales taxes...it is, IMHO, dumb. If the contributions to the Heritage Fund had been left the way Lougheed created them, the current recession would have been addressed with a HUGE wealth fund.
A modest consumption based tax (sales tax) would be a very reasonable tool for Albertans to utilize...but we are too dogmatic (to our own detriment)