Personally I think Alberta should have and should have had a sales tax. The majority of royalties would then be put in savings not general revenue. This didn't occur historically not because of poor political planning but because Albertan's did not want a sales tax and still don't today, the politicians are simply responding to the electorate's wishes.
Now let's pretend Alberta had amassed a 200 billion dollar savings account because we are not a nation but a province do you really think Ottawa would let us keep it? And further let's look at NDP policy, massive unprecedented spending with no offsetting increase in revenue and no plan to even try to balance the books any time soon. By 2019 we will have almost 60 billion of debt. Debt servicing at 4% is 2.4 billion. So if by some miracle Albertans realize we need a sales tax and say it is started at 5% which would bring in about 5 billion, half of that will go to interest payments. So explain to me how the NDP are any smarter than the previous PCs.
Now let's pretend Alberta had amassed a 200 billion dollar savings account because we are not a nation but a province do you really think Ottawa would let us keep it? And further let's look at NDP policy, massive unprecedented spending with no offsetting increase in revenue and no plan to even try to balance the books any time soon. By 2019 we will have almost 60 billion of debt. Debt servicing at 4% is 2.4 billion. So if by some miracle Albertans realize we need a sales tax and say it is started at 5% which would bring in about 5 billion, half of that will go to interest payments. So explain to me how the NDP are any smarter than the previous PCs.
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