I’m not opposed to a consumption tax, per se, but it can’t be the only taxation source.
Non-renewable resources are public resources, and companies who extract them for a profit should pay the public for them.
Last week, Alberta’s energy minister, sent out a tweet in which she claimed that the oil and gas sector is the largest industry in Alberta. But what does that mean?
If you’re friends with a libertarian, you’ve probably heard them say something like “taxation is theft”. Taxation isn’t theft; tax cuts are theft. More specifically, tax cuts on corporations and the rich are theft.
10 industries generated 83.5% of corporate income tax revenue collected by the Alberta government in 2019. Guess which one didn’t make the list.
Conservative governments cut expenses to save money from reduced revenues, because of their tax cuts, which are cut to increase profits for companies.
The UCP government decided that one key to boosting the economy is reducing the tax rate to 8%, 2 years earlier than planned. Except tax cuts don’t create jobs.
I recently wrote about how people perpetuate this myth that Alberta sends too much money to Ottawa. In response, I had a few people comment saying that I was misunderstanding, that the real issue is that Alberta doesn’t get enough back.
The idea that Alberta has contributed more than any other province is a complete myth. Alberta, as a government, has never contributed to the equalization programme.
You’ve probably heard people—sometimes even politicians—claim that giving businesses tax breaks creates jobs. Here’s why that’s a myth.