notwithstanding the lamestream media fueling it... and Alberta Jason Kenney igniting it, a lot of that "Wexit" separation bullshyte I'm reading about is wrapped around Alberta's debt/deficit numbers in relation to {perpetual} misinformation over the equalization process.
why does Alberta have such deficits if its fiscal capacity is so high? Can we say... low taxes? Aside from having
NO SALES TAX, Albertans
pay the lowest provincial tax rate in Canada! By their {governing} choices, Albertans have a deficit: per Trevor Tombe (associate Economics Professor UofC; research fellow at the School of Public Policy), the following graph plots Alberta’s actual revenue as a percentage of what could be raised if each province had tax rates equal to the current national average => showing Alberta is, by far, the lowest tax jurisdiction (nearly 30% below the national average) while Quebec is the highest (nearly 30% above).
additionally, Alberta had the
lowest corporate tax rate in Canada @ 11%. The recent days old budget release includes an intent by Alberta to
lower that rate even further - to 8%! Of course, this latest reduction intent follows the standard Conservative mantra that, "lower corporate tax rates create jobs"... and flies in the face of the consensus of economists that there is no correlation between lower corporate tax rates and increased job creation.
c'mon Albertans, step-up and pay representative taxes... before whining/wailing about being "ignored/mistreated" - ya think!
as for all those claims that the Liberal federal government has/is ignoring Alberta, a dose of fiscal reality in terms of examples of federal funding to Alberta:
- Extended EI benefits from 2016 to 2019 - $1.3B
- Federal aid package to oil and gas - $1.6B
- TMX pipeline purchase - $4.5B
- Federal oil industry subsidies - $3.3B
- Infrastructure (Transit) - $3.32B
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