Tories release first attack ad against Mulcair

taxslave

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Nov 25, 2008
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You must be very busy, but you wouldn't need to get into the basic accounting principles. All I asked for was the difference on the bottom line between a subsidy in the form of a cash payment and a tax write-off of smilar amount. I have figured it out using my modest accounting abilities and son of a gun if it doesn't look to me like the resulting effects are very similar. Which means that subsidies benefit the oil industry. Which wouldn't be a big surprise would it?[/QUOTE]


Nope you haven't figured out the difference. Not really surprising. Most people that have never run a business or studied accounting don't understand it either. That is why they believe so much of the BS the Dippers spew.
 

beaker

Electoral Member
Jun 11, 2012
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thepeacecountry
You must be very busy, but you wouldn't need to get into the basic accounting principles. All I asked for was the difference on the bottom line between a subsidy in the form of a cash payment and a tax write-off of smilar amount. I have figured it out using my modest accounting abilities and son of a gun if it doesn't look to me like the resulting effects are very similar. Which means that subsidies benefit the oil industry. Which wouldn't be a big surprise would it?


Nope you haven't figured out the difference. Not really surprising. Most people that have never run a business or studied accounting don't understand it either. That is why they believe so much of the BS the Dippers spew.[/QUOTE]

Please enlighten me, in what way is the situation I presented in that quote going to provide a difference in the bottom line of the company receiving such encouragement.

What subsidies?

The subsidies I linked to in the post before you asked that question. Have a look. :)
 

captain morgan

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Mar 28, 2009
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A Mouse Once Bit My Sister
Nope you haven't figured out the difference. Not really surprising. Most people that have never run a business or studied accounting don't understand it either. That is why they believe so much of the BS the Dippers spew.

It's the standard greenie and dipper MO to exclusively use the word subsidy as opposed to the more realistic description of tax deduction... What's also interesting is the fact that beaker and all of the other usual suspects ignore the fact that resource companies must buy the rights and pay a percentage of the resources back to gvt in the form of royalties, stumpage fees, etc.

Convenient little omission

What subsidies?

The big irony here is that buddy accidentally identified the biggest recipient of indirect gvt subsidies in terms of the regulations imposed to mitigate the cost to the consumer.

Makes me wonder if he/she will be hollering about eliminating all gvt incentives and demanding that the consumer pay the full, market value for the resources that are their right.
 

petros

The Central Scrutinizer
Nov 21, 2008
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The big irony here is that buddy accidentally identified the biggest recipient of indirect gvt subsidies in terms of the regulations imposed to mitigate the cost to the consumer.

Makes me wonder if he/she will be hollering about eliminating all gvt incentives and demanding that the consumer pay the full, market value for the resources that are their right.
The Irony Curtain..... a failed experiment into sustainable developement.
 

beaker

Electoral Member
Jun 11, 2012
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thepeacecountry
Are they Canadian?

I am going to assume that is a rhetorical question, giving you the benefit of the doubt that you looked at the link to the studies about subsidies you were asking about.

The subsidies concerning the first of the links I gave, and I present them again below in case you didn't look at them, are stated as being world wide. I think that it wouldn't take much to get an idea of Canadas contribution. The figures I have seen are in the area of four Billion per year going to the oil companies.

The second link is to the subsidies which the coal industry receives, just in the United States by way of the externalization of costs associated with the burning of coal there. Again I expect that similar ratios could be used to determine the extent of Canadian subsidization of coal producers. Perhaps more relevant to the discussion about The NDP concerns with oilsands developments, is that this or a similar level of subsidy for externalized costs is appropriate to the dirty oil coming out of the oilsands.

http://www.worldenergyoutlook.org/me...factsheets.pdf

Fossil-fuel consumption subsidies worldwide amounted to $409 billion in 2010, with subsidies to oil products representing almost half of the total. Persistently high oil prices have made the cost of subsidies unsustainable in many countries and prompted some governments to try to reduce them. In a global survey covering 37 countries where subsidies exist, at least 15 have taken steps to phase them out since the start of 2010. Without further reform, the cost of fossil-fuel consumption subsidies is set to reach $660 billion in 2020, or 0.7% of global GDP (at market exchange rates).

Coal's hidden costs top $345 billion in U.S.-study | Reuters

The United States' reliance on coal to generate almost half of its electricity, costs the economy about $345 billion a year in hidden expenses not borne by miners or utilities, including health problems in mining communities and pollution around power plants, a study found.

Those costs would effectively triple the price of electricity produced by coal-fired plants, which are prevalent in part due to the their low cost of operation, the study led by a Harvard University researcher found.

"This is not borne by the coal industry, this is borne by us, in our taxes," said Paul Epstein, a Harvard Medical School instructor and the associate director of its Center for Health and the Global Environment, the study's lead author.

It's the standard greenie and dipper MO to exclusively use the word subsidy as opposed to the more realistic description of tax deduction... What's also interesting is the fact that beaker and all of the other usual suspects ignore the fact that resource companies must buy the rights and pay a percentage of the resources back to gvt in the form of royalties, stumpage fees, etc.

Convenient little omission

In what way is that an ommission? Would you expect the oil companies be given free right to take the oil, gas, coal, etc.? That wouldn't make much sense to me. The question is whether or not we are benefitting on our bottom line. We know that the fossil fuel developers are by the tale of continuing record profits that emanate over the years from their book-keepers. But since we are paying subsidies to them in such amazing numbers
it seems likely to me that we could be doing better.


The big irony here is that buddy accidentally identified the biggest recipient of indirect gvt subsidies in terms of the regulations imposed to mitigate the cost to the consumer.

would you please provide me with a link concerning these regulations imposed to mitigate the cost to consumers. I just ask because while I have heard such comments before it looks more to me like we are prviding that larger fund to satisfy corporate profit desires.

Makes me wonder if he/she will be hollering about eliminating all gvt incentives and demanding that the consumer pay the full, market value for the resources that are their right.

Dang, and all this time I thought I was arguing with a Conservative. A free marketeer, who would be right on with the theory of user pay. NO? And yes, I think it appropriate that we pay for our energy what it is worth. I'm dumbfounded that you would argue otherwise. Industrial consumers, everybody. Right?
 

taxslave

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Nope you haven't figured out the difference. Not really surprising. Most people that have never run a business or studied accounting don't understand it either. That is why they believe so much of the BS the Dippers spew.

Please enlighten me, in what way is the situation I presented in that quote going to provide a difference in the bottom line of the company receiving such encouragement.



The subsidies I linked to in the post before you asked that question. Have a look. :)[/QUOTE]

In really simple terms because this is not really a simple subject.
A tax deduction would be the cost for a business to buy their product. Also what they pay in wages and any other costs of operating the business is not subject to income tax. Fines paid(Speeding ticket)is not a deductible expense.
Tax Credit is not being charged income tax on money spent to upgrade equipment or expand to improve productivity or hire more employees et.
Subsidies is money given by the government to offset cost of providing a service or product that can not be covered by sales. Generally has some political strings attached. AN example of this is the government covering part of the cost of freighting supplies into remote communities. Or in the case of Bombardier to provide jobs in an area where there is no logical reason to have a manufacturing facility there.
So yes they could all have the same effect on the bottom line but are very different animals.
And yes the tax code could be made much simpler but that is another subject.

I forgot. Your link won't open
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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Sustainability.....

Such a cute and trendy catch word.

It's definitely the meme that's changing the tides of power.

Even the right-wing provinces are trying to get in on the action, but like the feds, they're just posturing.

All this anger coming from conservatives and it's just moving the country further left.

They need a platform that convinces Canadians there is a long term strategy. Thankfully, I'm proud to say that I live in a country that is successfully catching the government on their b.s. lies. :)
 

beaker

Electoral Member
Jun 11, 2012
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thepeacecountry
It's definitely the meme that's changing the tides of power.

Even the right-wing provinces are trying to get in on the action, but like the feds, they're just posturing.

All this anger coming from conservatives and it's just moving the country further left.

They need a platform that convinces Canadians there is a long term strategy. Thankfully, I'm proud to say that I live in a country that is successfully catching the government on their b.s. lies. :)

Thanks for your earlier comments, and I think you are right. People can hear the difference between someone who means what they are saying and someone who is just mouthing catchwords. If we still have a problem it is that it usually takes us a few years to catch on to a new face that we only see on TV occasionally. And of course they all have such wonderful coaching now that tries to make bafflegab appear as sincerity.

I think it is getting a little easier from another standpoint, we are all getting just a little more worried than we used to be. A little more reluctant to take the glad hand of some stuffed shirt, and a little more accepting of the idea that we are what we do to the planet.

In really simple terms because this is not really a simple subject.
A tax deduction would be the cost for a business to buy their product. Also what they pay in wages and any other costs of operating the business is not subject to income tax. Fines paid(Speeding ticket)is not a deductible expense.
Tax Credit is not being charged income tax on money spent to upgrade equipment or expand to improve productivity or hire more employees et.
Subsidies is money given by the government to offset cost of providing a service or product that can not be covered by sales. Generally has some political strings attached. AN example of this is the government covering part of the cost of freighting supplies into remote communities. Or in the case of Bombardier to provide jobs in an area where there is no logical reason to have a manufacturing facility there.
So yes they could all have the same effect on the bottom line but are very different animals.
And yes the tax code could be made much simpler but that is another subject.

I forgot. Your link won't open

Not sure why they aren't working. Could be the way my old computer interacts with the entire network. :)
Both the relevant links are working in my earlier post, #159

Thank you for your description of the differences between the various forms of relief provided by government to business. As a long time business person I agree with your comments. There are attempts to re-examine what is a ssubsidy because of the need to arrive at a level playing fiels between the non-renewable and renewable energy systems and conservation/efficiency.
 

Goober

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Jan 23, 2009
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It's definitely the meme that's changing the tides of power.

Even the right-wing provinces are trying to get in on the action, but like the feds, they're just posturing.

All this anger coming from conservatives and it's just moving the country further left.

They need a platform that convinces Canadians there is a long term strategy. Thankfully, I'm proud to say that I live in a country that is successfully catching the government on their b.s. lies. :)

They are building 3 planning for 6 LNG terminals in BC- the BC Govt. changed their carbon laws to enable this- Canada is closer to Asia and these are a priority- Whoever builds them first gets the best contracts- these contracts run 20 - 30 years.

Off topic- Do you or anyone know why the Seven Sisters ( the original big 7 oil companies) were so pissed when Saudi expropriated their oil- gas assets?
 

taxslave

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They are building 3 planning for 6 LNG terminals in BC- the BC Govt. changed their carbon laws to enable this- Canada is closer to Asia and these are a priority- Whoever builds them first gets the best contracts- these contracts run 20 - 30 years.

Off topic- Do you or anyone know why the Seven Sisters ( the original big 7 oil companies) were so pissed when Saudi expropriated their oil- gas assets?

Cause all they got is rosie palm?
 

beaker

Electoral Member
Jun 11, 2012
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thepeacecountry
They are building 3 planning for 6 LNG terminals in BC- the BC Govt. changed their carbon laws to enable this- Canada is closer to Asia and these are a priority- Whoever builds them first gets the best contracts- these contracts run 20 - 30 years.

Off topic- Do you or anyone know why the Seven Sisters ( the original big 7 oil companies) were so pissed when Saudi expropriated their oil- gas assets?

Can't help you with the seven sisters question other than that they believed themselves rightful owners and had that proved wrong.

The LNG plants are another question though. This reminds me so much of the coal bonanza that BC was going to reap a couple of decades ago. The race was on, tensions were high, competition with Australia, the States, Chile. Who would get to provide the coal to Japans evergrowing industrial base? Once we got our foot in the door we'd be laughing all the way to the bank. And we won! We spent millions developing the infrastructure around the southeast and the northeast mines, the power distribution system, the ralroads, the ports, the very communities, to make this golden goose come home to roost.

Boy oh boy. How many of you BCers remember Brick shares? Yah, such a deal.
 

CDNBear

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Sep 24, 2006
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I take it ideals aren't something you put much stock in.
Not really.

They're to easily affected by emotion to be things of wisdom.

Ideals have to be balanced against reality.

People can hear the difference between someone who means what they are saying and someone who is just mouthing catchwords.
It's funny you should mention that in a reply to Fuzzy.

What with the negative environmental impact of urban sprawl, long commutes, reliance on nonrenewable resources to heat his suburban home and all.
 

beaker

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Jun 11, 2012
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thepeacecountry
Not really.
They're to easily affected by emotion to be things of wisdom.
Ideals have to be balanced against reality.

Emotions are a powerful influence on ideals as well. In fact emotions colour our financial decisions, our socialand scientific proceedings. That doesn't mean we give up on making a living, establishing ourselves in a community, or researching new ideas. I think wisdom comes from making the effort to make the best of it all.

It's funny you should mention that in a reply to Fuzzy.
What with the negative environmental impact of urban sprawl, long commutes, reliance on nonrenewable resources to heat his suburban home and all.

I don't think I see the humour, people do what they can with the resources at their disposal. This is why we vote for politicians to start out with, and give them personnel, all our taxes, I'll say that again, all our taxes, the bureaucracy, and the courts. I don't think it is too much to expect honesty, sincerity, and a bit of hard work for the perks they get that the rest of us just pay for.
 

CDNBear

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Sep 24, 2006
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Emotions are a powerful influence on ideals as well.
That's what I said. I'm glad we agree.
In fact emotions colour our financial decisions, our social and scientific proceedings.
They shouldn't. They should be affected by reality, facts and reason.

The perfection of ideals, needs to be balanced with reality.

That doesn't mean we give up on making a living, establishing ourselves in a community, or researching new ideas.
Points not in contention.

I think wisdom comes from making the effort to make the best of it all.
That's realism. Ideals being affected by emotion, isn't realism.

I don't think I see the humour, people do what they can with the resources at their disposal.
Oh I see the humour, but I find hypocrisy humourous.
 

beaker

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thepeacecountry
That's what I said. I'm glad we agree.
They shouldn't. They should be affected by reality, facts and reason.

Well maybe, but in reality financial, etc decisions are affected by emotional considerations.

The perfection of ideals, needs to be balanced with reality.

I disagree, ideals are balanced against reality all the time. Ideals need to be held above and worked towards in spite of peoples perceptions of reality.

Points not in contention.

I thought that your comments concerning mentalfloss were a contention.

That's realism. Ideals being affected by emotion, isn't realism.

Realism would be only a portion of wisdom. Wisdom, includes emotion, realism, and ideals.

Oh I see the humour, but I find hypocrisy humourous.

Do you, so do you laugh a lot at Harper? That is a different kind of reaction. As I mentioned in my last post we "vote for politicians to start out with, and give them personnel, all our taxes, I'll say that again, all our taxes, the bureaucracy, and the courts. I don't think it is too much to expect honesty, sincerity, and a bit of hard work for the perks they get that the rest of us just pay for." It should be all towards something more than a laugh at the end of it.