The Official Arena Thread Part 6
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11-15-2012, 06:21 AM
Join Date: Dec 2006
Location: Waterloo Ontario
Originally Posted by
I am the Liquor
Not sure if you are being willfully obtuse about the first part or not.
As far as the second part goes, Alberta's economy seems to be working ok. Probably the best in the country currently and over the course of my lifetime.
You are making an assumption that adding a pst would mean programs would be properly funded. Having lived in provinces that have a pst, I can assure you that isnt the case.
Independent of the arena, I have always felt that a small pst harmonized with the gst to avoid taxing business inputs, would have been smart for Alberta.
What the provinces you speak about have not had is massive royalties from gas and oil. Had Alberta had a 3% sales tax from the last 30 years, and had they it is possbile that rather than a $16B dollar nestegg, they could have had $50B+. That would still leave it at about 1/12th the size of Norway's oil based nestegg.
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