Originally posted by Oncle Boris
It's gradually happening. Why not lead the fanfare?
And Alberta's prosperity isn't really threatened. The cost of the Green Shift to Alberta would be roughly equivalent to its current surplus - on its fourth year. This would leave you with 4 years to adapt.
Again - incredibly low taxes, no debt, and a balanced budget. Even with the Green Shift, you'd be by far the richest province in the federation.
It's gradually happening. Why not lead the fanfare?
And Alberta's prosperity isn't really threatened. The cost of the Green Shift to Alberta would be roughly equivalent to its current surplus - on its fourth year. This would leave you with 4 years to adapt.
Again - incredibly low taxes, no debt, and a balanced budget. Even with the Green Shift, you'd be by far the richest province in the federation.
Why are you looking at provincial coffers and assuming those are relevant at all here?
The fact is right now some companies are leaving Alberta because it's too expensive for their blood. This tax would further increase their expense, somewhat dramatically and to the tune of billions of dollars. Not the province's expense, the expense of the BUSINESSES driving Alberta's economy. The province of Alberta doesn't pay those taxes, the businesses do. The cost of extracting oil from Alberta will become largely uncompetitive in the global economy, resulting in fleeing foreign investment -- perhaps just like the NEP from the early 80s. This is what the Liberals, and clearly youself, don't seem to be able to comprehend.
It's not a simple matter of "oh, Alberta provincially has lots of money, they can handle it". It's a matter of driving away business by making Alberta too expensive to develop in compared to other projects, particularly if ANWAR and other resources start becoming tapped in the near future. Loss of business results in massive losses in jobs, which result in a devastated economy. Again, look at the NEP's results. It's not unlikely that the green shift will do the same thing to Alberta.
And at that point, all of the money in the world in provincial coffers and no debt means absolutely nothing to the throngs of unemployed and provincial revenues drying up. Oh, and at the same time Alberta would be expected to spend ~$20B to build nuclear power in Alberta, something which will become completely unaffordable in Alberta when the economy comes to a screaching halt.
There's far more variables in this than you can ever imagine. It's not the province losing money, it's the residents of Alberta. They'll lose from all directions: it'll cost more for them to heat their homes, to use electricity, to drive anywhere; and at the same time the economy will slow down as businesses need to pay billions more to the federal government to fund tax cuts for people largely in Quebec and Ontario.
It's a recipe for disaster. It's why Harper said the Green Shift threatens national unity, there's a very good chance it'll end up like the NEP in Alberta and if that's the case, you can seriously kiss Alberta goodbye. Once was devastating enough, twice in 30 years is just patently absurd and cruel. Harper's not beating this drum too hard because he doesn't want to be associated with Alberta separatists, but it's what many people in Alberta are increasingly thinking.
Your call for Alberta to "sacrifice" was perhaps one of the most ignorant and heartless things you could say. I'm still fuming about that.
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