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  • #31
    Originally posted by Naked Gents Rut
    Alberta is going to have to sell a lot of oil to make up the ~$810 billion annual income gap between it and Texas.



    I still agree.
    That's going to happen far sooner than you think. Oil sands production is very slow right now, but as more projects come on line...and with the price of oil the way it is, and the way China is expanding.....$$$$$$$$$$$$$$$$$$.

    Not sure if you know this, but Alberta basically earned nothing from the oil sands, and won't until shortly. As development incentives the royalties don't kick in til later.
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "

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    • #32
      Texas doesn't seem to have much state debt; $23 billion is only 2% of the state GDP. Moody's and S&P rate Texas Aa1 and AA, respectively.

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      • #33
        Originally posted by Naked Gents Rut
        Texas doesn't seem to have much state debt; $23 billion is only 2% of the state GDP. Moody's and S&P rate Texas Aa1 and AA, respectively.
        That's $23B more than Alberta has.

        If they're so wealthy, why are they in debt?
        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
        Ben Kenobi: "That means I'm doing something right. "

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        • #34
          Probably because of low taxes. I'm pretty sure Texas doesn't even have a state income tax.

          edit: Wow, Texas has the lowest per capita tax burden of any American state.

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          • #35
            Originally posted by Naked Gents Rut
            Probably because of low taxes. I'm pretty sure Texas doesn't even have a state income tax.
            They don't have income tax, but they've got a lot of other taxes to make up for it.

            They generate $88B a year in Taxes in Texas.
            "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
            Ben Kenobi: "That means I'm doing something right. "

            Comment

            • #36
              Originally posted by Naked Gents Rut
              edit: Wow, Texas has the lowest per capita tax burden of any American state.
              And it shows. Look at the Houston crime rate, for instance.

              Alberta, of course, has the lowest per capita tax burden of any Canadian province...
              "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
              Ben Kenobi: "That means I'm doing something right. "

              Comment

              • #37
                Alberta, of course, has the lowest per capita tax burden of any Canadian province...
                Yes, but Alberta would be middle of the pack in American in terms of tax burden, it seems.

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                • #38
                  Originally posted by Naked Gents Rut


                  Yes, but Alberta would be middle of the pack in American in terms of tax burden, it seems.
                  But that includes a first-class healthcare system, among other things that isn't included in the US...
                  "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                  Ben Kenobi: "That means I'm doing something right. "

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                  • #39
                    I'm not taking federal taxes into account. Alberta would be much worse than most American states in terms of tax burden if the onerous Canadian federal taxes were included in the calculation.

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                    • #40
                      Originally posted by Naked Gents Rut
                      I'm not taking federal taxes into account. Alberta would be much worse than most American states in terms of tax burden if the onerous Canadian federal taxes were included in the calculation.
                      You seem to think the Canadian health care system is funded federally...

                      If that was the case it wouldn't have been a big deal for me to move from Alberta to Ontario and vice versa.
                      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                      Ben Kenobi: "That means I'm doing something right. "

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                      • #41
                        Am I wrong? Hell if I know. I don't give two ****s about Canada.

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                        • #42
                          Originally posted by Naked Gents Rut
                          Am I wrong? Hell if I know. I don't give two ****s about Canada.
                          In reality it is a mix, but it is mostly a provincial matter and included in provincial taxes.
                          "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                          Ben Kenobi: "That means I'm doing something right. "

                          Comment

                          • #43
                            OK. Thanks for correcting me.

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                            • #44
                              God, why must every China thread turn into a discussion about Alberta?
                              “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                              "Capitalism ho!"

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                              • #45
                                Originally posted by DaShi
                                God, why must every China thread turn into a discussion about Alberta?
                                We could change it to the Olympics, or the excessive human rights violations that abound in the land of Mao?
                                "An archaeologist is the best husband a women can have; the older she gets, the more interested he is in her." - Agatha Christie
                                "Non mortem timemus, sed cogitationem mortis." - Seneca

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