Author Topic: LNG a stranded asset?  (Read 2117 times)

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Offline waldo

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Re: LNG a stranded asset?
« Reply #30 on: December 15, 2019, 03:54:54 pm »
...if the provinces that don’t receive equalization payments didn’t exist
If you remove all the provinces that send more to Ottawa than they get back in federal spending

 ;D geezaz, it was bad enough when you co-opted Manitoba & BC into your Wexit musings... now you're presupposing on other provinces "leaving" to attempt to support your lobbying on behalf of justVisitingJason's separation enabling beggarman tour!

here's a dose of 'full-amount' reality for you... time for you to get off the per-capita crack pipe, hey!




Offline wilber

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Re: LNG a stranded asset?
« Reply #31 on: December 15, 2019, 03:55:57 pm »
Your math is failing. I posted a few weeks ago the Statscan table sources that detail where revenue is collected. Ontario always had and always will be the largest contributor, and only occasionally gets a smidgen back through equalization.

Your comprehension is failing. I don't dispute that Ontario generates more revenue, I'm talking about the revenue provinces don't get back and is spread around other provinces. But that's OK, you can kiss off Alberta's contribution and Ontario can make up the missing 21.8 billion. I'm sure all those provinces that get the lion's share of federal spending will appreciate it.
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: LNG a stranded asset?
« Reply #32 on: December 15, 2019, 03:57:30 pm »
;D geezaz, it was bad enough when you co-opted Manitoba & BC into your Wexit musings... now you're presupposing on other provinces "leaving" to attempt to support your lobbying on behalf of justVisitingJason's separation enabling beggarman tour!

here's a dose of 'full-amount' reality for you... time for you to get off the per-capita crack pipe, hey!


I've never advocated anyone leaving.
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: LNG a stranded asset?
« Reply #33 on: December 15, 2019, 04:09:30 pm »
I've never advocated anyone leaving.

sure you have! ... as you've just now done again, each and every time when you talk about provinces, "not existing"... each and every time when you talk about "removing provinces", you enable separation sentiment.

Offline wilber

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Re: LNG a stranded asset?
« Reply #34 on: December 15, 2019, 04:17:24 pm »
sure you have! ... as you've just now done again, each and every time when you talk about provinces, "not existing"... each and every time when you talk about "removing provinces", you enable separation sentiment.

No I haven't. I have discussed the implications of separation but have never advocated it. In my opinion it would be a lose, lose situation for the whole country.

I have only used the example of removing provinces in an effort to get some of the more financially challenged to understand where money comes from.
« Last Edit: December 15, 2019, 04:19:45 pm by wilber »
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Offline waldo

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Re: LNG a stranded asset?
« Reply #35 on: December 15, 2019, 06:40:52 pm »
No I haven't. I have discussed the implications of separation but have never advocated it. In my opinion it would be a lose, lose situation for the whole country.

yes you have - each and every time you ply your bullshyte equalization nonsense and your disingenuous wilberMath!

I have only used the example of removing provinces in an effort to get some of the more financially challenged to understand where money comes from

talk about YOUR financial challenges! You've repeatedly been shown exactly where the federal government's general revenue comes from - from Canadians... sourced as, again:



again, I trust the prior posted spreadsheet extract (you're ignoring) impresses upon you just where the disproportionate total amount of revenue comes from - principally from the residents of the province of Ontario!


Offline wilber

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Re: LNG a stranded asset?
« Reply #36 on: December 16, 2019, 09:48:09 am »
;D geezaz, it was bad enough when you co-opted Manitoba & BC into your Wexit musings... now you're presupposing on other provinces "leaving" to attempt to support your lobbying on behalf of justVisitingJason's separation enabling beggarman tour!

here's a dose of 'full-amount' reality for you... time for you to get off the per-capita crack pipe, hey!



Even using those numbers, Albertans send a net 2.6 times per capita more to Ottawa than Ontarians.
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: LNG a stranded asset?
« Reply #37 on: December 16, 2019, 10:34:45 am »
Even using those numbers, Albertans send a net 2.6 times per capita more to Ottawa than Ontarians.

BFD! For all the separation enabling bullshyte you've been layin' down, your whole nattering point was to wedge-play over a "never gonna happen" hypothetical replacement of "some Alberta revenue vs. expenditure gap number". And, as you say... "even using those numbers" you completely ignore the "gap number" for Ontario and, as ever, emphasize per-capita over total. BFD!

Offline wilber

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Re: LNG a stranded asset?
« Reply #38 on: December 16, 2019, 12:24:45 pm »
BFD! For all the separation enabling bullshyte you've been layin' down, your whole nattering point was to wedge-play over a "never gonna happen" hypothetical replacement of "some Alberta revenue vs. expenditure gap number". And, as you say... "even using those numbers" you completely ignore the "gap number" for Ontario and, as ever, emphasize per-capita over total. BFD!

And you keep ignoring that each Albertan between 15 and 64 sends 2.6 times as much net revenue to Ottawa than each Ontarian of the same age.
In 2018, Albertan $5863, Ontarian $2258.
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: LNG a stranded asset?
« Reply #39 on: December 16, 2019, 12:33:23 pm »
And you keep ignoring that each Albertan between 15 and 64 sends 2.6 times as much net revenue to Ottawa than each Ontarian of the same age. In 2018, Albertan $5863, Ontarian $2258.

wilberMath is hard! And here I thought federal tax rates were the same regardless of which province one lives in...

Offline ?Impact

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Re: LNG a stranded asset?
« Reply #40 on: December 16, 2019, 12:35:12 pm »
Your comprehension is failing. I don't dispute that Ontario generates more revenue, I'm talking about the revenue provinces don't get back and is spread around other provinces.

The money the individuals contribute is returned to individuals. This province getting back BS is just that. How many times does it take to explain that if someone works a good paying job in Alberta where the average age is young and then returns to their home province where the average age is higher to retire then the province of Alberta is not getting screwed - the individual who made the contributions still gets the contributions back. When Alberta grows up and has a bunch of old retired folks, and no new economy because they have their heads stuck in the tar sands folly, they will be taken care of by Ontario like the have been in the past.

Offline wilber

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Re: LNG a stranded asset?
« Reply #41 on: December 16, 2019, 12:38:02 pm »
wilberMath is hard! And here I thought federal tax rates were the same regardless of which province one lives in...

Taking the gap in your numbers and dividing it by the 15-64 population of each province, that is the difference. Math may be hard but arithmetic is easy. If each Albertan was sending the same $2258 net tax revenues (net meaning revenues collected minus federal expenditures in that province) Alberta would need a population of over 12 million to send the same net revenues they are sending now with less than 4.4 million.
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Offline ?Impact

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Re: LNG a stranded asset?
« Reply #42 on: December 16, 2019, 12:38:32 pm »
I understand the market for LNG is expanding. Ships are starting to use LNG as fuel.

Offline wilber

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Re: LNG a stranded asset?
« Reply #43 on: December 16, 2019, 12:39:16 pm »
The money the individuals contribute is returned to individuals. This province getting back BS is just that. How many times does it take to explain that if someone works a good paying job in Alberta where the average age is young and then returns to their home province where the average age is higher to retire then the province of Alberta is not getting screwed - the individual who made the contributions still gets the contributions back. When Alberta grows up and has a bunch of old retired folks, and no new economy because they have their heads stuck in the tar sands folly, they will be taken care of by Ontario like the have been in the past.

I'm not saying Alberta is getting screwed, I am just pointing out financial realities. Realities which should concern you because Alberta's economic problems are Canada's economic problems.
« Last Edit: December 16, 2019, 12:40:50 pm by wilber »
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Offline waldo

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Re: LNG a stranded asset?
« Reply #44 on: December 16, 2019, 12:45:37 pm »
Math may be hard but arithmetic is easy.

you continue to fail, bigly so! Alberta: rich populace, a lower entitlement burden and less avenues available for federal spending - that's the facts Jack! Just keep nattering on with your per-capita nothingness and your pining for separation - you wear it well!