Quote captainmorgan What's your point? You named this thread in a manner that insinuated that AB was getting into the business of bulk exports, now you make a big flap about it being packaged water. How is this any different from the grain or beef exports that the province does?
Any amount of water in a container above 1 cu meter is said to be bulk and it is prohibited from moving under NAFTA or for export by any other means; until Harper and the Conservatives get their hands on it.
We are talking of rivers being tapped and lakes being drained. Hardly bottled water.
Lakes being drained, eh?.. No doubt that your argument incorporates elements of fear-based logic in order to get some attention. So, you'd be OK if one were to package .99999 cubic metres of water into flimsy packaging and mass transport it across the border? How about train-loads of 500ml bottles that cross daily?
Your link shows that in 1009 2010 there were 2 billion dollars transferred out of the Heritage Trust fund into General Revenues. If the original plan had been followed rather than the fund drained of everything the people of this province would be 63 billion dollars richer by way of the heritage trust.
Where did the 2 billion go?
On the point of the wealth that "could have been"... Had AB not transferred billions annually to Quebec through the feds, that fund would be many times bigger, however, that's an aside. Have you noticed the infrastructure development throughout the entire province in the last 10 years?
Those roads and hospitals don't build themselves.
Quote Capt Morgan; A new University was opened in Calgary last year.
Alberta has been moving towards the US private school system for the past dozen years. Calling a trade school a university does not make it worth anything more than a trade school. How employable is the degree from this new "U"? Our public system is dam near out the door!
The private system?.. Really.. can you prove this?
As for the schools, the Calgary institution is Mount Royal University... Clearly you are not familiar with these advances as you rely on off-handed comments that are without a basis in fact.
Quote Captain Morgan You answered the question yourself - the cash was spent on dealing with orphan wells and environmental issues... Again, the money was collected from the industry itself for that specific purpose and was spent accordingly... The only "subsidy" that exists in this case is exclusively in your mind.
I have seen no record of where oil companies were charged in advance by the Government for cleaning up their mess in cementing. I did however see the Government create the make work program using money from Government.
Such a fund does not show up in the Government accounts and there is no mention of it in General revenues.
Look harder and while you're at it, look at the industry developed funds that deal with these associated issues.
Quote captain Morgan ... I now understand where you're coming from.... You're one of those people that believe it's the job of government to wake you up in the morning, tuck you in at night and everything else in between... This way, there's no need for any personal responsibility or individual interest in determining your own path in life.
Tit for tat; I now understand where you are coming from a Conservative trying desperately to defend what is nothing more or less than a pack of robber barons called the Alberta Conservatives. Obviously one of the minority who has his hand in the pot happily coasting thinking that industry keeps everything and all the people of this province is entitled to is wages.
Again, you rely on partisan rhetoric and spin to exaggerate a point... Anyone that moves forward and advances must be on the take with the gvt.. That's nothing but rubbish and conspiracy theory.
Fact is, AB is the most business friendly jurisdiction in the country and it shows.... No provincial (long-term) debt, a GDP that is floating the rest of the nation and a provincial tax structure that attracts the H.O.'s of national entities... There is a reason why other provinces have been emulating the AB model cyberclark, it's because it is effective, it works and it is the antithesis of teh Taft mentality.
Now, oil is back drilling wells that don't produce and get a million bucks of taxpayer money to do it.
Where can I get my million bucks cyberclark?... I'm working with a group that is posied to drill over 100 shallow and mid wells.. $100 million will from the gvt will liminate the need to raise money or go public, hell, maybe we ought to drill 500 wells and make a 100 million in profit, eh?
I'm guessing that you won't be able to tell me where to get the million per well right?... No link either, eh?
When deductions are given to the oil industry and the revenues lost by those deduction are made up by the other taxes in Alberta it is a subsidy; no matter how you try to spin it.
Wrong. A tax incentive is not a subsidy, tax-based breaks apply:
- only after the money is spent
- are assessed against revenues/profits
- are in no way an actual cash infusion
Revenues are made up through increased spending, employment and activity - all of which are taxable components... The gvt makes more money in the long and short run by having more transactions occurring throughout the equation.
Taft's pathetic little plan would hammer the people/companies spending/investing which would result in fewer expenditures that would reduce the number of transactions in the system which would minimize the potential taxes collected... Ofcourse, liberal logic will respond by raising the taxes on the remaining players in order to maintain the tax base. Of course, that will restrict transactions further and perpetuate the downward spiral.
Saskatchewan was at 30% royalty. BC was a 30% royalty both in US dollars and the exchange was at 18%. Alberta was at 16% royalty and it was taken in Canadian dollars which means, we were going into the hole; paying oil to take the resource from the province!
BC and Sask are no where near those original royalty rates for a reason cyberclark and the reason is that they pussy-footed around for decades holding-out for a deal.. That deal never came and now they are decades behind in their provincial infrastructure that supports the industry.
they've seen the light and are getting smart.