True lies

AIRPLANE modified

Somewhere, I still have the note. I jotted it down while sitting at the cabinet table in Centre Block. The prime minister was talking about the economy and the coming election. I remember the words clearly, as they were crisp and emotionless. “People need the truth from us. Things aren’t going to be easy.”

This is trouble, I thought, looking around at sullen faces. It was.

Weeks later the election was called. The prime minister told reporters it would be decades before the bloated deficit fell or unemployment improved (we were in recession then). Shortly afterwards she made it worse. “An election is no time to discuss serious issues,” she said. And she was right. In an election, everyone’s supposed to lie.

That was 1993. The federal Progressive Conservatives (I was one of them) lost 154 seats (one was mine) and ended up with two members in the House of Commons. Kim Campbell lost her riding and her place in history. Out of the woods came the Reform Party with simple solutions to serious issues, and hived off the vote.

While I don’t regret any of the nine years I spent as an MP, even the later ones where my principles, my blog and my big mouth led to political death, the lessons were stark. People vote for headlines, not policies. For leaders and brands, not local women or men. Mostly, they vote against the current bums, consequences be damned. And they hate politicians. I learned the best day you’ll ever have as an elected person is the one after the polls close. From there, she goes downhill fast.

The reason: there are no simple solutions to messy, hoary old problems. That’s why elections are about lies. Leaders who say blunt things, even truthful, get their derrieres chewed off. Just ask Jim Prentice.

PRENTICE modified

As you know, the strongest conservative dynasty in the country was Hoovered last night by the NDP. The potential economic consequences of that in a moment. It was a stunning collapse, but not a surprise. The writing had been on the wall since Jim Prentice, the new Kim Campbell, brought in a budget with plainspeak nobody wanted to hear.

Don’t blame the housing market, the layoffs, fear and uncertainty just on the falling oil price, he said. Instead the problem is one of bad legacy policies plus inflated and unrealistic entitlement. You wanna know the problem, he asked? “Look in the mirror.”

Kiss. Of. Death.

It got worse during the leaders’ debate when Prentice looked at the NDP’s Rachel Notley and accused her of a secret plan to jack corporate taxes. She rebuffed him. He looked down at her and said, “I know math is hard.”

Adios. Jim.

Albertans , like the metrosexual, house-humping middle class masses in YVR and the GTA, have no interest in blaming themselves for any financial issues, and fervently believe government’s role is to serve their economic interests. They feel entitled to buy  houses (whether they have the money to or not) that always go up in value, at low rates which will never rise. They think ‘the rich’ are other people, who should be taxed into dust, immigrants are stealing their real estate and corporations are run by 1% bandits who care more about profits than employees.

While some of that is based in reality, most of it’s fiction. The kind they like to hear when politicians are asking for their vote. It’s why most people don’t read this pathetic blog. It doesn’t enable them to pursue their lives of endless debt and hedonistic over-consumption.

So, I know Prentice. Not a bad dude. Way less scary than the prime minister he served. A business guy. Solid creds. But now the poster boy for political hara-kiri. He blamed the people, instead of himself or politicians that came before him. Silly man. The people are eternally correct.

You will never hear from Jim Prentice again. In contrast, the consequences of last night are yet to begin.

NOTLEY modified

Alberta’s corporate tax rate will rise by 20%, from ten points to twelve, if the premier-elect keeps her promise. Notley says she will review oil royalties, increase government spending, shun the Keystone XL pipeline south and the Gatway pipe going west. Combined with the move to suck off more corporate revenues, she seems ready to take the province in a direction opposite to the rest of the oil-producing world. Those jurisdictions are fighting hard for every dollar of new oil-related investment, in an era when crude prices have collapsed. Alberta could be the outlier. Hard to see how that will be a good thing if you’re trying to sell your house in Cowtown.

But those were just election words. Rachel told people she can fix it all, by making others pay.

It worked. So why not lie?

316 comments ↓

#1 space cadet on 05.06.15 at 5:49 pm

why blame yourself when you can blame someone else?

#2 saskatoon on 05.06.15 at 5:54 pm

socrates didn’t fancy democracy for these very reasons…

two thousand years ago.

#3 Ray Skunk on 05.06.15 at 5:58 pm

Jim can now join Tim Hudak in kicking back and enjoying a few beers while watching their respective provinces fall apart.

#4 Shawn Allen on 05.06.15 at 6:00 pm

Voting

People vote for headlines, not policies. For leaders and brands, not local women or men. Mostly, they vote against the current bums, consequences be damned.

**********************
Absolutely, the rules are made by the party, the leader, cabinet and not back benchers. Back Benchers vote how they are told or are ousted. Why should I care to know the name of the particular back bencher who will represent me? I vote by party.

#5 Don't fear the Dipper on 05.06.15 at 6:01 pm

Ah yes, underneath this blog’s mostly-pleasant persona, you can sometimes still see the fangs of a died-in-the-wool “Conservative”. Blaming the victim never goes out of style.

“Why are people complex creatures with both emotion and logic, why are they not simple one-track mind automatons? Conservative ideology would work so damn well if every man was a stoic tower-of-power with iron discipline!”

Heh, if the model doesn’t represent reality, you out to blame the model for being incorrect, not reality. When a scientific theory gets disproven, you don’t go blabbing about how the theory is right and the universe needs to get it together. But apparently it’s the opposite in the field of Conservative politics, ain’t it Garth?

Grrr, Albertans why didn’t they vote PC again, grrr. Did I catch the gist of the post today, Garth? And of course something about entitlement and houses, because God knows you find a way to work that into everything. Yes the housing market is in a massive bubble and yes it’s probably close to an end, but it’s not the source of every economic malaise. Inequality, corporatism, corruption, and plain old bad policy might have something to do with it too, but that would require introspection, or as some people like to call it, looking in the mirror.

#6 Ed on 05.06.15 at 6:02 pm

She said we’ll be A OK…

#7 Italians love real estate on 05.06.15 at 6:09 pm

We live in a socialist country anyway.

Might as well have a socialist government in the previously most capitalist based province there was.

Meanwhile, back in Ontario the teachers ” mafia” is extorting for more

#8 Shawn Allen on 05.06.15 at 6:09 pm

Why Prentice got ousted

So many reasons…

Probably, the stench of Redford was the biggest reason. But also…

Tried to distance himself from his own party’s past failings and leader.

Tried to decimate the opposition (9 floor crossers) and then call a quick election.

Invited people to say what they wanted, they responded higher corporate taxes and then he ignored that.

Promised BIG changes in his budget and did not really deliver.

Interfered in the nomination process in a way that looked bad.

Defied his own party’s fixed election dates.

Led a party that had to be thrown out.

People still remembered that the PCs bought the 2012 election with what appeared to be an illegally large donation from Daryl Katz.

Kim Campbell, I think, was tossed mostly on the people going sour on Mulroony. Kim had her hated predecessor and Prentice had the extremely unlikable Allison Redford.

Of course, Kim Campbell also had almost no experience (a brief stint as MLA in BC and before that a school trustee, as I recall)

#9 Mike S on 05.06.15 at 6:12 pm

You don’t need no oil if you can sell houses to each other …

#10 Babblemaster on 05.06.15 at 6:13 pm

Why not lie? – Garth

———————————————-

Unfortunately, if you’re a politician and you want to be elected, it helps to lie. Or, always speak cryptically and never get cornered into taking a stand. Speaking plainly is the worst thing you can do for your political career.

#11 I'm stupid on 05.06.15 at 6:14 pm

Democracy is fine when the entire voting population has the same intellect. Some voters are no more intelligent than really smart 5 years olds. Just saying

#12 Corban on 05.06.15 at 6:14 pm

My phone fell out of my pocket on centre street on the way to the polling station and got run over by a car. Things can only get better from here on in, right?

#13 RayofLight on 05.06.15 at 6:14 pm

The best argument against democracy is a five-minute conversation with the average voter.

Winston Churchill

#14 Shawn Allen on 05.06.15 at 6:16 pm

Corporate rate up by 20%?

Yeah going 10 to 12% is up 20%.

But consider that the statutory corporate tax total in Canada in the 1990’s was closer to 48% (look it up) and now, in Alberta it is 25%. (15% federal, 10% provincial)

The small business corporate tax rate in Alberta is 3%!!

But corporations are not happy until the tax rate is zero. (Income Trusts). Stunningly, it is still zero for REITs. Income Trusts and their investors cried like babies when their zero % tax rate was (rightly) taken away.

Then there are all the accelerated write-offs that mean that corporations pay closer to 15% than the 25% statutory rate.

We can do with higher corporate tax rates.

The investor class needs to pay more.

#15 ShawnG in TO on 05.06.15 at 6:16 pm

“Look in the mirror”
who cashed and spend their Ralph Bucks?
who enjoyed 10% flat tax?
who get paid the highest public sector wages in the country?

Jim got whacked by telling the truth. Here are some other deadly politician qualities:
– Short term pain for long term gain
– Create wealth for the general population
– Stand up to big corporations
– Stand up to big unions

#16 TakingResponsibility on 05.06.15 at 6:16 pm

And, meanwhile, thousands of kilometers away, The Great Eye of Mordor hanging in the sky over 24 Sussex, blinks.

#17 800 RMK on 05.06.15 at 6:17 pm

It seems alot of Albertans were mad that there was not more money in the kitty to weather the down turn in oil prices, via a heritage fund and the like.

I wonder how much more money Alberta would have had for investment in the provinces infrastructure had billions of dollars not been siphoned off by an entitled nation via transfer payments. This money was needed to not only keep up with the demands of a growing population and economy, but for the continued growth of both. Instead of being able to fully invest in the engine running Canada’s ecnomy, and what was the darling child of the North American economy, billions has been leeched off by Quebec and the Maritimes for their socialist programs.

What a joke. Thats the bigger issue not many people care to think about. Had Alberta even retained half of the money that flowed out of the province via transfer payments over the last tern years, there would be no infrastructure deficit, and a slush fund large enough to weather a down turn, witha nice balance in the heritage fund to boot.

Sad day in Western Canada. Even though I am in Sask, this is big set back for future job prospects out west. On the plus side hopefully its the first domino that starts correcting housing prices on the praries.

Like Kevin O Leary said on BNN today, Socialisim is the Dark force.

#18 zedgt87 on 05.06.15 at 6:20 pm

The PCS do deserve a lot of the blame and were rightfully punted.

#19 Canadian on 05.06.15 at 6:22 pm

DELETED

#20 Buyers remorse on 05.06.15 at 6:23 pm

Oil’s plunge has wiped 50 billion in revenue from the federal coffers. What will Alberta tax out of companies that make no profit. Of that what will be sent to Ontario and Quebec by way of transfer payments?

Every ‘corporation’ in Alberta is bleeding red ink….many have already shuttered…laid off tens of thousands and counting. You only pay tax on profit. Unless the NDP want to bring back the ‘capital tax’…to take money from companies based on the equipment they have but may not be using.. where’s the money going to come from?

Nutley says she won’t support pipelines… I suppose she’ll champion the other industry in Alberta…..oh yeah…there aren’t any.

I’ll bet there’s a lot of buyers remorse in AB this morning….people waking up thinking they voted as as a joke….and found out the worst nightmare for AB taxpayers has come true. Back to the land AB…..you’ll be poverty stricken in a flash of orange.

#21 Tim Vandergrift on 05.06.15 at 6:23 pm

Garth: the correct spelling is ‘hara-kiri’. It’s a commoner’s term, however. Someone of Prentice’ status would be referred to as committing ‘seppuku’, in a bit more of an upper-crust speech form.

Fun times in Alberta, though.

#22 Ray Vasquez on 05.06.15 at 6:26 pm

Many of those that came to Alberta in this last few years are going to have to move out because unemployment and the cost of living, taxes, fees, heating and electricity costs, gasoline prices etc. are all going up and anything corporations, companies pay will be paid by you consumers.

There is no magic socialist money tree and the financial and societal consequences will be felt in the next 12 to 18 months.

People always have to learn the hard way!

#23 BobC on 05.06.15 at 6:29 pm

Same in every country. Why are people scared of the truth? It’s so sad as we get flushed down the toilet. Just a downward spiral.

#24 Joe2.0 on 05.06.15 at 6:31 pm

It’s not complicated people are doing what they have been brainwashed to do.
That simple.

#25 Mean Gene on 05.06.15 at 6:34 pm

After the NDP screw things up, the Alberta Tories will be elected back in.

Seesaw politics just like BC.

#26 BobC on 05.06.15 at 6:39 pm

Incredible. And it’s all going to be free.

New Democrats today advocate, among other things:

Maintenance and expansion of human rights and civil rights, including: gender equality, equal rights for LGBT citizens, rights for people with physical and mental disabilities, workers’ rights, and Aboriginal peoples’ treaty, land, and constitutional rights
Promoting Interculturalism and an intercultural understanding of Canada[8]

Expanding public health care, including dental and prescription drug coverage

Raising the minimum wage to pace the cost of living
Reducing poverty in Canada[9]

Social assistance policies that reflects citizens’ needs and assist their re-entry to the work force

Improving environmental protection through government regulations

National water safety standards

Increasing corporate taxes for big business[10] and lowering taxes for small businesses[11]

Abolishing the unelected Senate of Canada and ensuring more proportional representation[12]

Expanding funding for public transportation

A foreign policy that emphasizes diplomacy, peacekeeping, and humanitarian aid instead of offensive military action

One wing is focused on ending the Canadian War on Drugs and legalizing recreational drugs[13]

#27 NDP all the way then on 05.06.15 at 6:39 pm

Mulcair will get elected next PM of Canada and BC will get another NDP majority.

Man, I’m glad my place in the 604 sold in March…

#28 RedDeer1 on 05.06.15 at 6:40 pm

The people decided they have had enough corruption, entitlement, cronyism and general fiscal mismanagement. This is democracy in action and should be a warning to other politicians that people will eventually draw a line in the same. Other provinces just don’t tolerate it for 45 years straight. Maybe Alberta’s growth and import of intelligent hardworking honest ethical people from all parts of Canada has led to a more diversified mindset than the old days of the PC party.

Mr. Prentice lost because many years of the above including Getty, Ralph Klien’s brilliant fiscal mismanagement of pissing away boom time money and creating a societal and infrastructure deficit yet to be recovered from, followed by Ed Stelmach royalty increase and reversal after bowing down to big oil, followed by the likes of Alison Redfraud and her well known actions pissing away our money and attacking the public sector, but also Mr. Prentice’s grab at the common man for increased taxes but not touch the corporations for a tiny bit more or rich with a progressive income tax system like the rest of Canada. Mr. Prentice wanted us all to pay a new Health-Tax into general revenue.

Mr. Prentice and his party lost complete touch of true progressive conservative values – which would happen to any parties true values when they are left unchecked this long.

As for pipelines, how much hot air do we need to hear about Keystone and Gateway. The PCs after many years of talking have achieved nothing. The reality is Keystone will happen when the US say they want it.

Ms. Notley will very likely get better cooperation with Quebec on an Energy East pipeline than the PCs have and maybe diversify out of relying on the US as our only customer for oil. She will likely get better cooperation out of BC as well for energy projects in general and restore some confidence that environmental matters will be properly addressed.

We will see, but the sky doesn’t appear to be falling here in Alberta due to the election results. We’ve already been set on our current course due to the brilliant Alberta PC management plan which was to spend everything, save nothing, inadequate non-energy sector revenue including taxes, ignore social issues, de-regulation, then rinse-and-repeat. Digging out from the hole we’ve been put in is going to be hard BUT we CAN and WILL do it. We’ll stick with the old PC plan and just PRAY for another oil boom, which will come! Maybe not for awhile though.

Thankfully this long 45 year old chapter old of the history of Alberta has finally come to a close. And this comes from a person who would self-identify as being of true progressive conservative values.

Garth, what do you think about Mr. Prentice’s quick decision to abandon his constituency so quick, picking up his ball and heading for home after not getting his way? What insight does that give you into a politician and where their true values and motives are?

And it would appear that you don’t feel 11 or 12% corporate tax rate would be appropriate, maybe I’m wrong. But if you don’t agree that still having one of the very lowest corporate tax rates would be appropriate, what would you suggest?

You mention 1993. I think that was right about the time the Federal PCs and just after Saskatchewan’s PC both got turfed out on the street because they pissed away all the money resulting in governments that needed to raise taxes to pay off those PC choices. It took Brad Wall along time to get the progressive conservative party back into shape in order to get things going. Politics is interestingly weird and is why it attracts so many lawyer types.

However, I am glad I am not currently trying to sell a house in cowtown. Choices choices.

#29 Westernman on 05.06.15 at 6:40 pm

Well, well,well…
How long have I been saying how brutally stupid Canadians are?
Here is the latest proof – Having economic problems due to your own irresponsibility and global economic conditions which are beyond your puny efforts to influence? Then elect a left-wing, liberal socialist/communist tax and spend government…
Enjoy your sharply increased taxes and sharply lower standard of living dummies and always remember you asked for it…

#30 Landless in Van on 05.06.15 at 6:40 pm

Corporate taxes need to rise. And you know, if she did take the country in a direction that the U.S. and other gas-guzzling nations have taken, it would be great.

#31 None on 05.06.15 at 6:42 pm

“The voters made me do it”.

Really lame Garth. In a world where every government policy is decided by plebiscite I would agree but that’s now how our government works. There is supposed to be leadership with terms to lead rather than be a slave to constant public opinion. Good governing is supposed to be the goal with politics being the noise and not the other way around.

Is Prentice a bad guy? Ask the group that worked hard to get him re-elected. Prentice effectively gave them the finger and said he was too embarrassed to do the job they hired him to do. That guy is a class-less.

One thing you are losing sight of is that some things are worth paying for. Good government and a fair society is one of them.

Read my words again. You missed it. — Garth

#32 tkid on 05.06.15 at 6:43 pm

No Mean Gene, they won’t vote the Tories back in. It’ll be the Liberals. And while the NDP will be the quick death, the Liberals will be the slow death. Seen it happen all before in Ontario.

Now is the time to get the heck out of Canada.

#33 S.Bby on 05.06.15 at 6:45 pm

People like to shoot the messenger when they don’t like the message. We all do it.

#34 BobC on 05.06.15 at 6:48 pm

Do Canadians realize that big companies don’t pay taxes, they collect them from consumers? Here in indiana they have decals on the gas pumps that says “the price per gallon includes __ federal tax and __ state tax.” What do you think will happen at the pump is they raise oil company taxes?
The ignorant, unread liberals down here think they’re voting to raise taxes on the evil rich and corporations. They’re really yelling “raise my taxes!”
I thought Canadians were smarter then us. You guys want Obama?

#35 Comrade Natasha on 05.06.15 at 6:49 pm

Daily Report From the Western Front

***CLASSIFIED***

Born and raised Cowtown Albertan, voted pro-business my whole life, not necessarily PC.

If I’m going to be told what to do by a pinko, might as well live somewhere the weather is better. Thankfully I listened to you and I have been renting; packing up my crap and going to watch this slow train wreck, whilst drinking my organic, free range, GMO free, union made, soy latte from BeeCee.

Over and out,
Do svidaniya

#36 ILoveCharts on 05.06.15 at 6:52 pm

http://www.cbc.ca/news/canada/british-columbia/vancouver-house-condominiums-snapped-up-by-foreign-buyers-1.3063073

“Developer Westbank Corporation said the building is nearly sold out, with 35 per cent of units sold to foreign buyers”

At this point, it does not matter if foreign investment is directly material or not. Enough people believe in it for it to have a huge indirect impact on prices.

#37 Henry on 05.06.15 at 6:53 pm

If the Conservatives that have rule Alberta all these years has set up a proper Sovereign Wealth Fund as Norway did (now approaching a trillion dollars), they wouldn’t be facing these problems. Instead the wealth of the province has been siphoned off by the corporations that the Conservatives faithfully serve. The pathetic royalties that they collected have been squandered. Prentice’s attempt to blame the average Albertan for this mess is laughable. People weren’t fooled.

http://www.huffingtonpost.ca/2014/01/11/oil-fund-norway-millionaires_n_4576887.html

#38 omg the original on 05.06.15 at 6:57 pm

Shortly afterwards she made it worse. “An election is no time to discuss serious issues,” she said. And she was right. In an election, everyone’s supposed to lie.
——————-

Again proves my assertion that the electorate is dumber than the average amoeba – and that is a disservice to amoeba.

Kim told it like it was, the Liberals played it up, and the electorate bought it.

Actually things turned out pretty good over then next decade due to falling world interest rates and the Liberals, through none of their own doing, look like fiscal gurus.

#39 anonberta on 05.06.15 at 6:59 pm

The death of the PC party was the combination of the forced removal of Ed Stelmach, followed by the death of King Ralph. After the end of those two, the ties to the old APC party were severed, and could never be redone.

The end of the PC party was back then, this….thing that survived until today was little more than the bureaucracy party not unlike something from the Ming Dynasty.

#40 omg the original on 05.06.15 at 7:00 pm

Not sure if the Alberta NDP are of the WACKO BC variety or the more pragmatic prairie type.

But ultimately every ruling party’s actions are designed to get re-elected.

In Alberta they are limited to a very small “band” of policy options, none of which include WACKO options, if they have any hope of being re-elected.

#41 NoOneOfConsequence on 05.06.15 at 7:01 pm

Let’s face it…our democracy is an old construct that really needs to be updated to reflect modern reality. It hasn’t kept pace with how our civilization has evolved.

The first reality is that many people don’t deserve to vote.

The second reality is that it is IDIOTIC that we have a system that changes significant direction every 4 years. You can’t even pay for a car in 4 years.

Instead we need a long term, national plan. We decide where we as a country and a society want to be in 25 years.

Instead of voting in someone who lies to us, then does what they want…we vote for the “Plan Administration Party”.

Each party would have their own implementation ideas – but they would be implementing the plan we all decide upon.

Parties could be evaluated against their ability to move forward in achieving the goals of the plan.

This is how we usher in a new age of prosperity for everyone. Set LONG TERM goals, DEVELOP A PLAN, and implement the plan.

Democracy as is…is simply a FAIL. It has not, and and cannot succeed in today’s world.

#42 Dwilly on 05.06.15 at 7:01 pm

I am typically a liberal voter. But I align with each of the parties on at least one topic or two, even the NDP, the Greens, and probably others. Always disappointed that there isn’t an option or a party that’s reasonable on all fronts (ie progressive socially like the NDP but without the commie part, or responsible financially like the cons but without the dictator part). In the end I end up voting liberal because the seem the least likely to seriously eff anything up. Like putting the fat kid in goal in a hockey game. The least bad option. The conservatives have had time enough in Alberta and not exactly blown the doors off. May as well give someone else a shot. Good luck.

#43 omg the original on 05.06.15 at 7:02 pm

NDP ONE TERM WONDERS AT BEST

There is absolutely NO WAY the Alberta grass root conservatives will let the vote be split again.

Starting today there will be moves afoot to unify the two right of centre parties in one.

End of NDP hopes for re-election.

#44 Smoking Man on 05.06.15 at 7:05 pm

Albertastan is doomed.

I hate Harpo guts, hate his foreign policey, I’m a Canada first, freinds second sort of chap. Not like him.

But I’m not crazy enough to vote for a communist or The religions of AL Gore.

Did Prentice really say that, about the Math.

What complete moron.

#45 Mr. Pink on 05.06.15 at 7:10 pm

Canada posted its worst monthly and quarterly trade deficit in history.

http://www.theglobeandmail.com/report-on-business/economy/canadas-trade-deficit-balloons-to-record-3-billion/article24252653/

Poloz got it right for once, it’s definitely atrocious.

#46 Harbour on 05.06.15 at 7:13 pm

What was it 3 leaders in 4 years or 4 leaders in the last 5 years for the PC’s

It really got ugly when oil crashed and the Norway articles and blogs started appearing.

Lougheed started the Alberta Heritage Savings Trust Fund 40 years ago to save money from oil revenues and 40 years later the PC’s had saved squat

Norway has put a Trillion away for a rainy day

#47 Andrewski on 05.06.15 at 7:13 pm

Soooo happy to not live in Alberta. The voters of Alberta have spoken. Be careful what you wish for. If you think the oil fields are slowing down now, just hang on to your hats, the s#}tstorm is just abrewing. Oh the pain, oh the humanity!

#48 Mike on 05.06.15 at 7:15 pm

Truely scary uncertain times ahead for Alberta.

YES the PC’s completely pissed away what we had and acted completely entitled, and thus, the ppl finally said “enough’s enough” and didn’t necessarily vote for the NDP but against the PC’s (and Wildrose b/c they also refused to raise corporate taxes).

#49 Mike on 05.06.15 at 7:16 pm

If anyone cares, please go on the Alberta NDP facebook page and ask them why they took down their platform page and also their candidate pages. I was on their last night and they disappeared as soon as Notely took the stage. From the 6 candidates I looked at I believe 1 was a nurse, 1 a university student, 1 a stay at home mom, 1 a career student, and 2 were union leaders.

YIKES.

#50 pinstripe on 05.06.15 at 7:17 pm

I have been voting PC since the time lougheed stepped on the stump. Yesterday I DID NOT vote PC.

The Pc policy makers forced most Albertans to not vote Pc.

the lies, corruption, waste, and top down direction becme the culture of the pc government. at the grass root level the pc hacks, without credentials, were appointed to government jobs. bribes were common.

at the coffee shop the plan was picking up speed to throw out the Pcs. prentice listened to the advice from manning and that was the final straw. most people lost all trust and confidence in alberta government. stelmach, redford and prentice ignored democracy, with manning and smith putting the icing on the cake. the politicians knew that the people/taxpayers are Stupid Fools.

IMO, the alberta pc party is dead. the infighting will tear everything apart.

notley will have her hands full once the books are opened up. the paper shredders are probably going full time now at the legislaute. notley has four years to bring in change for the better.

now the shift at the coffee shop is focused next on harpo. fear mongering does not cut it anymore. Enough is ENOUGH.

#51 RayofLight on 05.06.15 at 7:21 pm

“People vote for headlines, not policies. For leaders and brands, not local women or men. Mostly, they vote against the current bums, consequences be damned.”
——————————————————————I have found the stock markets often acts the same way. When a company beat earning marginally, the stock price usually bounces up out of proportion. Similarly, when a company marginally misses earnings, the prices will often drop disproportionally. A trading strategy is to sell the stocks that are already in your portfolio after an earning beat, and buy more of the stocks that have just had an earning miss. The two will usually revert to the mean and you will be net ahead.

#52 SWL1976 on 05.06.15 at 7:22 pm

Majority rules doesn’t work in mental institutions

#53 Suede on 05.06.15 at 7:25 pm

commies to the rescue!

this means that more albertans will move west to BC and buy houses there in liberal-land.

I can see the huffington post and Metro headlines now…

#54 john k on 05.06.15 at 7:26 pm

The Alberta PCs were the ones who needed to look in the mirror. Like Narcissus they were in love with what reflected back. A one-trick pony economic structure they were content to ride without innovating, building or diversifying into much else. Throw cheques at the rubes and milk the Heritage Fund continually so it never grew. Norway, same approx. population now has about $1 trillion in the kitty, Alberta has about $12 billion. That’s like saying Norway has $1million and Alberta has $12.
Norway taxes its citizens to pay for operating costs and the ever-increasing pile is there for the future when the oil and gas run out, which they will. Alberta won’t bite the bullet and put in a small sales tax to balance the operating budget. Much easier to mail cheques to people so they can send it out of Alberta to buy stuff made somewhere else. Spineless, imbecilic politicians taking the easy way out.

#55 BC Liberals shaking in their boots on 05.06.15 at 7:27 pm

At least they can blame Alberta’s NDP government for it when the other players are now going to pull out due to a pipeline that will never get built.

The whole thing never made sense to begin with. Selling LNG to Japan when China and Russia are much closer and they have plenty of that stuff as well.

Site C on the Peace River doesn’t need to be built either.

What big capital projects are left for BC, I wonder?

Transmountain pipeline doubling the traffic for oil tankers right into Burrard Inlet. “Million Dollar” views clobbered with tankers and container ships. Possibly more spills and potentially a real big one if a tanker springs a leak.

More yoga pants anyone?

#56 JustMe on 05.06.15 at 7:29 pm

The Alberta election and why it all went wrong for the Progressive Conservatives

it was hard to imagine the Progressive Conservatives winning after running such a disastrous campaign. After 43 years in government, they hardly demonstrated more organizational aplomb than a pen of sad puppies begging for adoption. Few thought they could fail so hard, or so fast. But they did. Here’s how they shattered a dynasty in 10 easy steps:

1. Pick the wrong symbol of generational renewal
2. Ignore your grassroots
3. Hand-pick cabinet ministers. Put them in the wrong places
4. Cheat to win
5. Blame Albertans
6. Over promise. Under deliver.
7. Anger? What anger? Is that anger?
8. Go to the polls anyway. You’re the PCs, right?
9. Change your budget. But not enough
10. When all else fails, try panicked fearmongering

http://news.nationalpost.com/news/canada/canadian-politics/how-to-shake-a-dynasty-in-10-easy-steps-alberta-election-jim-prentice-tories

#57 JustMe on 05.06.15 at 7:32 pm

The Con-men of Alberta needed to be spanked.

#58 Chris on 05.06.15 at 7:34 pm

This one is a classic Garth

A renter in edmonton

#59 AB is not Norway on 05.06.15 at 7:34 pm

“Norway has put a Trillion away for a rainy day”

Yes they did. But Norway also owned the resource and extraction, didn’t sell out to foreign corporations. Norway didn’t send vast amounts of wealth to other “have not” provinces.

It’s not completely fair to try and paint both entities with the same brush.

#60 not 1st on 05.06.15 at 7:38 pm

Well just some perspective here, while the NDP was in power in Sask more than 1.3 million people where siphoned out of the population to parts elsewhere. Thats why there are always rider fans at every CFL game all over the country. Its also why we don’t have any corporate head offices, but we do have a lot of entitled unions that are still hanging on.

#61 SWL1976 on 05.06.15 at 7:38 pm

However, who does one vote for these days?

All politcial parties are corrupt with greed and entitlement, people are a product of their environment and we certainally are all in a pickle now

As frustrating as it is we need to face the facts and get it together

#62 ivec on 05.06.15 at 7:39 pm

HAHAHAHAH we get it Garth, you are entitled to one Die Hard Conservative Post :D

#63 Great Potential! on 05.06.15 at 7:39 pm

Mike says:

If anyone cares, please go on the Alberta NDP facebook page and ask them why they took down their platform page and also their candidate pages. I was on their last night and they disappeared as soon as Notely took the stage. From the 6 candidates I looked at I believe 1 was a nurse, 1 a university student, 1 a stay at home mom, 1 a career student, and 2 were union leaders.

*****************

That is classic NDP. Anyone remember the last federal election and the colorful NDP candidates from Quebec? One guy was partying it up in Vegas on election night. Classic!

Give them a chance. They have experience in one form or another. I’m sure the investment Dollars, Yuan and Euros will start rolling right in!

#64 Retired Boomer - WI on 05.06.15 at 7:47 pm

The guy (or gal) in the mirror is usually responsible for 90% of the bad things that happen in your life.

Sure, you get turfed, the car dies, your friends move on, things DO change. Still bad choices – ALL yours kid!!

Alberta will see if they made a wise choice, they DID make a choice, and have no one to blame but themselves, and their fellow Albertans. Never fear another election awaits.

By the way, what’s that house worth today??

#65 Harbour on 05.06.15 at 7:48 pm

#59 AB is not Norway on 05.06.15 at 7:34 pm
“Norway has put a Trillion away for a rainy day”
………………………………………………………………………

I’m not saying the two are the same but the articles were pouring out comparing the two rainy day funds.

But after 40 years of government and squat has been saved is not acceptable.

#66 Linda on 05.06.15 at 7:49 pm

Regarding Prentice, while it was expected (though why if he had the chops to be leader prior to he suddenly does not after – talk about throwing the baby out with the bath water) he step down as PC leader, he then slapped all the voters who had just VOTED HIM INTO OFFICE as their MLA by walking away from that job too – which not incidentally means yet more expense as now those voters have to have a by-election to get themselves some representation for their riding. Pity the poor schmuck who now tries to get those self same voters to vote PC when that by-election is held. Prentice resigned w/o any grace, with an entitled ‘if I can’t be the one in charge I’m done & too bad if that screws you over’ attitude that perfectly encapsulated all the attitudes that Albertans had frankly had enough of.

As for telling the truth & being punished for it, I’d say not the case in either example. Kim Campbell made mistakes, but frankly she could have walked on water & made the dead come back to life & would still have been nuked till she glowed in conjunction with all the MP’s whose true misfortune was to be serving PC’s under Brian Mulrooney. Mr. Mulrooney had achieved a status I had not previously thought possible of being quite possibly the most hated/despised PM ever in Canada, toppling Mr. Trudeau from that previously held podium. Voters were out for blood & while I had expected blood to flow, I admit I had not expected the party to be very nearly wiped out.

Vide Jim Prentice. He too made mistakes – ‘math is hard’ being just one of them – but the voters were more likely stomping the Alison Redford legacy & how the PC brand was perceived than voting Prentice out as premier. Heck, his riding had just elected the man by a considerable margin, so it wasn’t that his constituents didn’t think he was worth voting for.

#67 Spiltbongwater on 05.06.15 at 7:52 pm

I am surprised a person can run for office, lose handily then resign his/her elected seat and stick the taxpayers with the bill. There should be provisions in the cost to candidates to cover these sort of opportunistic moves. Perhaps charge by-elections to political pension funds, or if the candidate is not eligible for a pension, then they put up a surety to cover by-election costs.

#68 JSS on 05.06.15 at 7:59 pm

Never realized until now how this blog was nothing more than a pro-conservative website.
Read the comments here.

Sheesh.

BTW – I really hope Rachel Notley succeeds as premier of AB.

#69 Westcdn on 05.06.15 at 8:01 pm

Cinoc de mayo. – It will be an important date in Alberta for the elites – maybe Canada. I Justin can win central Canada, my future as a suffering senior is assured to end as I will be supported by a generous government. I think Rachel Notley will prove to be a red tory and tough for the Wild rose to unseat.

I can work with this woman and would do so – even though I voted PC. I just have respect for her and am willing to help.

#70 Don on 05.06.15 at 8:03 pm

“That is classic NDP. Anyone remember the last federal election and the colorful NDP candidates from Quebec? One guy was partying it up in Vegas on election night. Classic!”

You folks know there are facts on the internet, right? It wasn’t a “guy” it was a woman, it wasn’t election night, it was during the writ period, and it wasn’t like she was yukking it up with her wealthy friends; rather, she was loathe to throw away a holiday she’d long since prepaid for just because she was a name on a ballot with no chance of victory when the election was called. In fact, she may have purchased those dates, expecting Harper to hold to his own fixed date legislation, so I guess you can blame her for naivety.

And as it turns out, the young single mother has become one of the bright stars of the Quebec NDP paper candidate legion. Great Potential!, if you’re trying to prove something with your misremembered story, I think you missed the target. http://en.wikipedia.org/wiki/Ruth_Ellen_Brosseau

#71 Comrade Natasha on 05.06.15 at 8:04 pm

Comrade not 1st makes a good point.

Silver lining – Alberta will finally become a have-not province and other successful, flush provinces can now send rubles to us.

*crickets*

… Wait… never mind.

Carry on.

#72 Freedom First on 05.06.15 at 8:07 pm

I believe that elections would give a clearer picture of how the people really felt if “None of the above” was included on the ballot.

#73 omg the original on 05.06.15 at 8:09 pm

ALBERTA WILL BE RUINED BY THE NDP

……ALBERTA IS DOOMED

………..ALBERTA WILL BE BACK IN THE STONE AGES
——————-

My god how tiring to hear all the proclamations of doom and gloom.

Its pretty typical that when the party you support does not get elected that you paint the most dire and extremist future. Its the end of the world as you know it. But somehow the province (or country) is not ruined.

Let’s see……..

– in the 1970s and 1980s if you were conservative, Trudeau was going to ruin the country
– in the 1980s if you were liberal, it was Mulroney
– in the 1990s it was Chrietien
– now its Stephen Harper

Funny how Canada has continued to grown and prosper through out these periods of ruin. We are wealthier and have better education and healthcare.

Why – because we are Canada, a breathtakingly wealthy country, with a democracy and values that cannot be ruined or doomed by 1, 2 or even 3 terms of a government you may disagree with. (oh I forgot Harper is a dictator)

#74 John Prine on 05.06.15 at 8:10 pm

#18 zedgt87 on 05.06.15 at 6:20 pm
The PCS do deserve a lot of the blame and were rightfully punted.

Agreed they were not taking enough from corporations from the get go (2%?) but business will go on as usual in Alberta after a few weeks of “The province is finished” and “Move to Texas” Every party both provincially and federally are guilty of horrendous money management. Oil will come back like it is already…The future of oil over the next little while would be bad no matter who was running the province..

#75 Gtrz4peace on 05.06.15 at 8:12 pm

Here comes the read from those who are GLAD revolution is in the air:

The fossil fuel era is OVER. It is killing the planet. Tesla and other smart companies are ensuring that renewables which do NOT destroy nearly as much fresh water as the world’s dirtiest fuel, the toxic tar sands, will soon be the ones leading the way.

As far as LNG goes, the destruction from that is well documented even before you get to climate change. The water impact alone is enough, plus the earthquake risk, to help stop that crazy train.

Alberta and BC hitched their wagon to a falling star, and worse yet — it’s a falling death star destroying everything in its path. Kudos to at least some of the First Nations for recognizing that, in yesterday’s equally historic vote for a livable Canada.

The criminal regime of Stephen Harper, designed to do the bidding of the Koch Brothers and their ilk, sent away and destroyed our manufacturing. They are trying to destroy our sustainable farming, our education systems that were envied throughout the world.

But they are NOT going to succeed. And it’s very simple why:

The best thing about science is — it is true whether you believe it or not.

And the science on their fossil fuel nightmare is plain to see, documented in polluted place after polluted place.

So be warned, Mr. Harper, and Christy Clark, and be afraid because those of us who are sick of the public commons being sold to the highest bidder with most blood on their hands — we are in fighting mode now.

And quite simply, there are more of us. We may not outgun your opposition, but we will outlast you because our ranks include a growing number of disenfranchised youth who — guess what — are really pissed that your primary mission in government has been to destroy Canada’s public school system, defund healthcare to try and privatize it, and destroy an entire ecosystem called planet earth to benefit a wealthy few.

Change is never easy, and often painful.

But Canada can begin to lead the way perhaps, rather than being colored as one of the world’s worst polluters. And we can preserve a Canada that works for all, not just for the wealthy few.

Our generation lead when it came to standing up to unjust wars. For women’s rights and more. We are ready and embrace this chance to partner with younger generations.

We are coming for you, Conservatives and BC Liberals. Be very afraid.

#76 Commies on 05.06.15 at 8:14 pm

The Commies in China are doing pretty well, don’t they?

World #1 economy, largest creditor of Capitalism poster child, the USA… not too shabby, eh?

Better track record than any hard core Capitalist party in Canada.

#77 rawdiswar on 05.06.15 at 8:14 pm

Garth doesn’t get enough respect on here for actually being an MP, and I don’t say that to suck up. He’s been in the belly of the beast while the rest of us play armchair economists, so I think he’s got at least a doctorate in what some might call Herdonomics.

A variation of the same thing happened last year here in Ontariowe, voters didn’t want to taste the harsh medicine of cutting government workers, so Hudak (a bumbling puppet for sure,) lost to the Libs. We’re spoiled and entitled here in Upper Canada and everyone voted out of fear of losing something, rather than improving things for the lot. The result has had a real affect on Ontario’s debt ratings from the various rating agencies.

“The best argument against democracy is a five-minute conversation with the average voter”

Winston Churchill

#78 Randman on 05.06.15 at 8:15 pm

None…..

Is that what your answer is when asked the question…Do you have any brains?

Because this statement is truly idiotic…

“Good government and a fair society is one of them”.

Good and Government in the same sentence is a grammatical and ethical error

#79 DM in C on 05.06.15 at 8:18 pm

Only people complaining this morning were the millionaires who own the company (not O&G). Everyone else was pretty happy.

#80 Snowboid on 05.06.15 at 8:19 pm

#41 NoOneOfConsequence on 05.06.15 at 7:01 pm…

“…it is IDIOTIC that we have a system that changes significant direction every 4 years…”

Problem is it’s much more often than 4 years. Every time a new Minister or Deputy are appointed direction can change.

I’ve seen million dollar projects nearly completed, only to have a new Minister decide they don’t want to do X, but Y – and BTW can you have it done in two weeks (that’s for a 2 year project).

I see programs that I worked on prior to my retirement in 2005 that still aren’t operational after 10 years. If there wasn’t so much money wasted on short-term plans and projects our provincial and federal finances would likely be in much better shape.

You are entirely correct that long-term planning is essential at the national level, with provinces cooperating.

The only time I saw some semblance of planning was during minority governments – forcing cooperation and compromise.

The politicians with long-term goals that I worked with never were re-elected.

Go figure!

#81 MSM-free Zone on 05.06.15 at 8:23 pm

“…….Kim Campbell lost her riding and her place in history……”
_______________________

Seems another Prime Minister is ripe for lanterns and pitchforks.

Unless Canadians are OK with contempt of parliament, contempt for democracy, contempt for the Supreme Court, contempt for the middle class, in-and-out schemes, vote-rigging, voter suppression, muzzling back-benchers, snubbing the media, snubbing first ministers conferences, gutting Statistics Canada, multiple character assassinations, auditing opposing think tanks and charities, photo-opping veterans and exposing their identities, then throwing returning wounded veterans under a bus , throwing thalidomide victims under a bus, faking free-market principles, then flooding the country with Temporary Foreign Workers, faking citizenship ceremonies, and abandoning peace-keeping in favour of putting targets on Canadians backs.

Look in the mirror, closet-man. We know the math is difficult.

#82 Cy Young on 05.06.15 at 8:24 pm

#49 Mike

So what? I find your post a little belittling and arrogant.

#83 Red Ink is the new Orange Crush on 05.06.15 at 8:25 pm

NDP to do list:

1. Kill the Keystone XL
2. Bring in carbon tax
3. Kill the coal industry
4. Kill the oil industry
5. Join Ontario and California in a carbon credit trading scheme
6. Bring in a PST
7. Unicorns and free timbits for everyone!
8. Run up massive deficit
9. Become have not province

It’s good to be Queen!!

#84 Oot der Hoos on 05.06.15 at 8:25 pm

I am sure Albertans saved some money during the boom. Norway has no right to syphon off Alberta money.

#85 john k on 05.06.15 at 8:28 pm

Alberta was a basket case until about 50 years ago. Other provinces propped it up so enough of the transfer payment whinge. Face it, they mismanaged what they had. As for Norway being a tiny country, yes. Approximately the same population as Alberta. Sure they invited the energy companies in to develop the resource (who else is going to do it?) but Norway understood the resource belonged to Norwegians and made sure they got their proper share as owners. Alberta sucked off the energy companies, asking and getting a pathetic royalty for the citizens who actually own the patch. The Petroleum Club boys did well, got new golf clubs, and in true paternalistic fashion threw the masses a dog biscuit every now and then via the compliant fellators in the legislature. After Lougheed it was a gong show. Don Getty? Too many hits to the head in football games. Klein? A blowhard whose biggest talent was conning the peasants? Stelmach? Who he? Redford? Cleopatra of the Rockies. Prentice? Boardroom star, otherwise a bozo.

#86 Contrarian Coyote on 05.06.15 at 8:29 pm

#11 I’m stupid

Democracy is fine when the entire voting population has the same intellect. Some voters are no more intelligent than really smart 5 years olds. Just saying

—–

This. In a former life, worked as a ballot counter in the 1995 Ontario Election. I had to repeatedly deal with: “Which one’s fer Harris?!” at the Polling Station…had to politely point the voter to the list of candidates on the poster on the wall.

I have mixed feelings about the Alberta election…if I still lived there, I would’ve voted WR out of spite against the PCs. Who knows though, perhaps the NDP will not tilt too left and actually clean up the place politically.

I would love to move back. Something about living within sight of the Rockies that just made every day seem alright.

For my friends’ sake still living there, I sure as hell hope the NDP doesn’t channel Bob Rae’s Ontario NDP…damn that was a disaster.

#87 TakingResponsibility on 05.06.15 at 8:30 pm

Maybe Albertans actually did do some research and study re: platforms and policies of various parties. Maybe even without bias.

The energy policies of the top three parties were very well reviewed by Andrew Leach, Enbridge Professor of Energy Policy at the U of A:

NDP
http://www.macleans.ca/economy/economicanalysis/what-would-an-alberta-ndp-government-do-with-energy-policy/
“not much daylight between policies”

WRP
http://www.macleans.ca/economy/economicanalysis/what-would-energy-look-like-under-a-wildrose-government/
“a plan to carry on with some of the solutions that have caused many of our current problems…”

CON
http://www.macleans.ca/economy/economicanalysis/should-we-trust-the-alberta-pcs-on-energy-policy/

“…we’ve mostly seen a Premier who looks uncomfortable even discussing the issue, and assures Albertans that any attempt to evaluate whether our interests are being served will be harmful to our interests”

Maybe Albertans were tired of Corruption, Cronyism, and Condescension.

And, Floor Crossing.

#88 Daisy Mae on 05.06.15 at 8:32 pm

#10 Babblemaster: “Unfortunately, if you’re a politician and you want to be elected, it helps to lie. Or, always speak cryptically and never get cornered into taking a stand. Speaking plainly is the worst thing you can do for your political career.”

****************

Precisely why we do not trust politicians. How can lying be effective? Who’s kidding who?

#89 Don on 05.06.15 at 8:33 pm

As for why Jim Prentice lost, Garth, you can claim it was too much truth-telling, but I think it was the arrogant tone of the entire campaign. The context of the pre-writ “look in the mirror” has been misrepresented – Prentice was trying to say we’re all to blame for not being willing to pay for the services we enjoy. It was the tone that put everyone off. When Klein in his heyday talked about a need to share the pain, we believed he was right there alongside us, bailing the boat with the rest of us.

When Prentice refused to increase the corporate tax while everyone else was dinged in that budget, he declared that we weren’t all in it together.

The campaign was terrible. After he lost two of his floor crossers to the reasonable anger of constituents at nominations, he made sure the others got a pass by disqualifying competing candidates. The “math is hard” was supposed to be a zinger reminding voters of an error in the NDP policy costing – an error the party immediately addressed. But he used it on the heels of Notley correcting HIS math – error or misrepresentation, we’ll never know. That’s what gave it the tone of “Mansplaining”.

I think the kiss of death was the Five Rich Dudes, telling Albertans that we need to vote PC. “Why should I have to pay more?” asked one. They were collectively responsible for over $95K in gifts to the PCs, and had received a quarter billion dollars worth of government contracts. Another was sad that if he wasn’t as rich, he’d have less – maybe nothing – to give to Edmonton’s Stollery Children’s Hospital. The Stollery received thousands that day, from small donors.

Finally, Prentice, petulant at the loss, refuses even to accept his seat. One more early, unnecessary election to lay at his feet. But what does he care? Apparently, we don’t deserve him.

So, no, Garth – you’ve missed the lesson of Tuesday. Albertans can face hard truths. We can rise to meet challenges. But we have no patience for a down-talking Toronto banker who got frustrated when his bullying didn’t work as expected.

#90 X on 05.06.15 at 8:40 pm

Get into financial trouble, blame someone else. Entitlement.

Seems like foreshadowing for the other provinces.

I think the message was…careful what you wish for, because you just might get it. :(

#91 Gary on 05.06.15 at 8:41 pm

It’s poor mismanagement and ineptitude of the Conservative government. How could any province allow corporations to suck so much oil out of the ground and wind up in a deficit only six months after the oil price drop? Record years of oil production and where did the money go? Royalty rates and leases were too low and corporations made out like bandits–not to mention the tax breaks they received. How much of this went to the people of Alberta? How much money is left in their poorly managed Heritage Trust fund? A fraction of what Norway has managed to generate for their people, but then they have the interests of the people–unlike Stephen Harper and Jim Prentice.

#92 Ottawa on 05.06.15 at 8:42 pm

Blog was a bit of a bummer today.
I actually found Canadian politics exciting today. Looking at what happened in Alberta and during the last election in Calgary – I would even forgive young people for thinking that their vote means something, that change is possible and for actually voting.
There are a lot of factors that go into investment decisions. Considering alternative oil deposit host country regulations/restrictions/risks and ease of doing business, I doubt, handled correctly with an appropriate timeline, a 12% provincial corporate tax rate is going to decimate investment.

#93 Gary on 05.06.15 at 8:42 pm

Re not 1st
And you are welcome Alberta, for the Federal Government’s role in creating an oil industry in Alberta in the first place.

#94 ANON on 05.06.15 at 8:43 pm

Why anyone would want to be in office when a bubble pops, is beyond comprehension. However, lefties always seem to be caught in the headlights. It must be the demand, because the supply of problem solvers has always been there.

“They were slaughtering the spring lambs?”
H. Lecter

#95 devore on 05.06.15 at 8:47 pm

#14 Shawn Allen

Of course income trusts cried. Their business depended on and was valued based on the government tax arrangement. You’d curl up and cry too if your tax load was tripled overnight, you hypocritical little baby.

At the end of the day, there’s only one tax payer. Taxing this or taxing that is just moving money from one pocket to another. Profitable businesses will pass their costs to the consumer. This kind of decision was always informed by social policy and politics, not sensible economics.

#96 Realtor007 on 05.06.15 at 8:49 pm

Nutley is talking rent control, another nail in the coffin…just a lil bone for the RE hating blog dogs to chew on

#97 Godth on 05.06.15 at 8:51 pm

When I was a naive yet tempered 18 yr. old in 1990 I moved to Belgium to bike race. I’d been on the Canadian jr. national team and I had a burning question: is it possible to race in the professional ranks without doping?

Off I went, I left my insane Canadian family with grand illusions of a utopia in the old world as I moved in with an insane Belgian family. They spoke Flemish and no English, save one soul, that had picked it up on tv and through music but had never spoken it with anyone before – thank god for him. I learned Flemish (necessity dictates), and within 2 months my question was answered – No, it was absolutely impossible to compete at a professional level in cycling without doping. It was made abundantly clear to me that it was impossible to compete at an amateur level without doping, let alone a professional level.

Steve Bauer lived 2 km. away and I visited him too. Is it possible I asked. His answer was cryptic, I just do ozone therapy. I walked away from the sport but it really taught me a lesson. It’s a win at all costs world. If you think other sports are different you are the fool.

I’m six months older than Lance Armstrong. I knew his story was b.s. all the way. Impossible, utter nonsense, yet people ate it all up. If I tried to inform people it was a massacre – for me – conspiracy theory! It’s all the allegory of the cave, over, and over, and over again.

If these neo- liberal, neo- conservatives can get away with 9/11 ( and everything else – 2008) then it’s all over.
We are truly doomed in such a case (such as it is),the light is out and we’re in the darkness. Cowardice and greed rule us now. Very few want to own their shadow. It’s all McMansions, golf, consumerism, entitlement and me, me, me now. We’ve succeeded ourselves, so congratulations. There used to be an ideal whereby man conquered himself, but that’s ancient wisdom and no one is interested.

There are days that absolutely change the world.
https://www.youtube.com/watch?v=8XRMrMdn0NQ

https://www.youtube.com/watch?v=5JT-94jysi8

#98 Heh on 05.06.15 at 8:53 pm

#92 Smoking Man on 05.05.15 at 9:58 pm

What Dogs and Humanity have in common.

Excerpt from my book. Smoky in the pool at the Flamingo in Las Vegas.
I turn, to my delight a gorgeous brunette with fake eyelashes, running mascara, specks of glitter on perfect cheekbones. She has the biggest blue eyes I’ve ever seen on a human. She’s two fisting a couple beers, and is struggling to put a sentence together.

“Hi handsome, do you all happen to have an extra cigarette.” She said.
===================

Wow – SM is a romance novelist.

#99 Randy on 05.06.15 at 8:53 pm

A very insightful, energetic analysis of the Alberta Election results for those who are interested https://www.youtube.com/watch?v=aIsXidRnaZI

#100 Nemesis on 05.06.15 at 8:56 pm

#ThisWorksOnSoManyLevels… #EvenMyAlterEgoIsPleased… #SeriousSolutions… #ForSimpleIssues… #SometimesLookLikeThis:

http://youtu.be/3B7HG8_xbDw

#101 Ret on 05.06.15 at 8:59 pm

#15 -ShawnG
“Jim got whacked by telling the truth.” What a sad commentary on Albertans and Canadians in general.

I, and many other Ontarians, had always thought of Albertans as strong, prudent, hard working and self-reliant Canadians. A little adversity and they throw their DNA and core values under the bus in a snap election.

#102 Yuus bin Haad on 05.06.15 at 9:00 pm

Yes b’y, we’s g’nna be havin’ a time come October!

#103 Math is hard on 05.06.15 at 9:01 pm

Math is hard for the PCs.

NDP 53
WRP 21
PC 10

#104 Guy Willoughby on 05.06.15 at 9:02 pm

Good article Garth.
There were numerous things that spelled the end of the Alberta Torries. Albertan’s have been hearing since the 70’s that we must diversify the economy. Prentice may have been sincere about that but it is just becomes noise after a few decades.

There has been a lot of cronyism and pocket lining in the provincial government.

It is historic in democracies that when the economy gets bad, voters tend to polarize to the left or to the right. The opposition is the Wild Rose party.

Ultimatly the people made a decision for change.

You are quite correct about people not liking to look in the mirror. It is much easier to scapegoat.

Personally I like Prentice. Unfortunatly we will not have a chance to see if he would implament his platform and keep his promise.

#105 Panhead on 05.06.15 at 9:04 pm

On the positive side … at least they don’t have a use for fast ferries on the prairies. That’ll save them a bundle right there …

#106 chapter 9 on 05.06.15 at 9:14 pm

Albertans have already got a taste of NDP policies under the watch of Redford/Stelmach. Spend more money than you take in and cozy up to the unions. The Alberta Teachers Union was a prime example with “taxpayer” cash injections on two separate occasions. The first was $60 million and the second was in 2009 for a staggering $1.2 BILLION. This was to cover a shortfall in their defined pension plan. Talk about winning the lottery! Now we have the hard core radicals running the show,what other unions are going to be lining up to milk the system, with your money. And to top it off they retire on average two years earlier than those in the private sector. We just went from the “frying pan into the fire.”
The one thing about socialism is that you eventually run out of “other peoples money”

#107 Oot der Hoos on 05.06.15 at 9:19 pm

#14 contained two misrepresentations.

1) accelerated write off just means deducting expenses. Since when is deducting expenses a sin? It means the future taxes are higher, current taxes lower, when no more capital expenses are incurred next year.

2) Income trusts paid taxes in the hands of individuals. The new (old) system pays taxes in the hands of corporations and has a dividend tax credit for not double taxing the income as it goes into the hands of individuals. Income trusts did not have that.

So for income trusts the overall tax was not zero percent, as misrepresented. There are more issues regarding pension and foreign ownership.

I do not like seeing lies to promote higher taxes, as though everything is a huge injustice. Sometimes people are just ignorant of tax law and accounting.

#108 Catalyst on 05.06.15 at 9:21 pm

To be consistent with another one of your regular themes: “it’s not different this time”. The following 2 quotes come to mind with this blog:

1. A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

2. The average age of the world’s greatest civilisations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to complacency; From complacency to apathy; From apathy to dependence; From dependence back into bondage.

#109 HJD on 05.06.15 at 9:24 pm

Governments can only contribute to establishing healthy societal environments if they first put in place fair taxation policies – everyone should be taxed fairly and in proportion to income (regardless of its source). This is the only way to provide our government with the funds necessary to supply the services Canadians deem necessary. The only party that comes anywhere near this goal is the NDP. Bravo Alberta. Unfortunately, Conservative governments stand firmly against fair taxation. Wealthy individuals and large businesses are always given favourable tax breaks, which result in glaring financial disparities and painful governmental cutbacks, consequences that Conservatives obviously favour – it’s what seems to drive their overall agenda. Perhaps the NDP win in Alberta is another step in our awakening to this reality.

#110 Leo Trollstoy on 05.06.15 at 9:28 pm

Alberta is now officially a basket case province.

Welcome to the club!

#111 RedDeer1 on 05.06.15 at 9:30 pm

Garth, I had a couple questions for you on my #28 comment which I could hope you could try to answer.

Answers: Prentice was an arrogant twit to resign a seat the people had just given him. This action made it clear he felt the election was all about him. Big flaw. As for corporate taxes, raising them during a period of soggy economic growth and an oil price collapse is dogmatic insanity. Alberta will need all the new investment dollars it can get, unless you really, really want a fat HST. I imagine that is coming, anyway. — Garth

#112 Nosty, etc. on 05.06.15 at 9:30 pm

#114 Russ L on 05.05.15 at 10:57 pm — “Maybe the commies can build Fast Ferries for B.C.”

Remember them well. Are they The Odd Couple? Glen Clark is Jim Pattison’s right hand man.
*
CC — the realities of life, Abject European poverty and One Trick Political Pony.

#113 Bill Watterthorn on 05.06.15 at 9:34 pm

Garth, Is there any truth to the rumors that the NDP will bring back Government owned Liquor Stores? Thanks, Bill.

#114 young & foolish on 05.06.15 at 9:35 pm

“The investor class needs to pay more.”

It will, eventually, as the pendulum swings in the other direction.

#115 Smoking Man on 05.06.15 at 9:38 pm

#101 Heh on 05.06.15 at 8:53 pm
#92 Smoking Man on 05.05.15 at 9:58 pm

What Dogs and Humanity have in common.

Excerpt from my book. Smoky in the pool at the Flamingo in Las Vegas.
I turn, to my delight a gorgeous brunette with fake eyelashes, running mascara, specks of glitter on perfect cheekbones. She has the biggest blue eyes I’ve ever seen on a human. She’s two fisting a couple beers, and is struggling to put a sentence together.

“Hi handsome, do you all happen to have an extra cigarette.” She said.
===================

Wow – SM is a romance novelist.
…….

I got shit in that that book for every normal, every wack job, every religion, every politician.

I’m a business Man first, phyco author second..

Plus I’m a God damn alien from Nictonite, My herd dynamics indicator says none of you will beilive that..

Jokes on you.

I really am… Humans are so dumb.. Time for a smoke.

#116 Ray Vasquez on 05.06.15 at 9:41 pm

To #69 JSS

Notley will not succeed in Alberta because the math is always against the tax, overspend, debt, social programs, high unemployment, nanny state policy makers which is the NDP.

Besides, it is in the first 3 letters of her last name, NOT!.

#117 Republic_of_Western_Canada on 05.06.15 at 9:41 pm

So why not lie?

It’s not about lying, Garth.

It’s about delivering the news in an appropriate form for the audience. You might think it would be nice for everybody to be all the same, but that’s not reality. When delivering complicated bad news, one should express it in that form. Don’t simplify.

Those with the attention span and analytic capacity will think about the reasons and maybe solutions. Those without will just twist up their faces with a ‘huh?’, have their eyes glaze over and go back to munching ethnic snacks and tickling facebook.

Prentice is a tired old bagman, probably not giving much of a shit anymore. Evidenced by quitting a good winning post immediately after being elected. He’s undoubtedly got a good idea of all the chicanery and closet skeletons accumulated by any government continuously in power for a half century. Very probably doesn’t want to have to explain any of it, much less take the blame.

Obviously it’s impossible to be all things for all people, even instantaneously. Which is why a party has to campaign on a few feasible things that are also consistent with a philosophy. (It’s also why there should be 10 parties instead of 2). And as a voter, you have to focus on one deliverable that really matters, and hold your nose against many or all of the rest.

In this case, the biggest deliverable with highest value impact was the promise to hold back hydrocarbon product for provincial refining, upgrading and added value. Instead of selling it out cheap and raw to foreign places like Sarnia, the Gulf Coast, or Chindia. It’s basic economics 101 – add as much value as possible, or you won’t survive in a competitive market. Even Saudi has recently built some of the biggest new refineries, upgraders, and petrochemical complexes in the world.

Problem is, controlling one’s own resources flies in the face of vested interests wanting cheap feedstock. After 40 years of lobbyists, manipulators and infiltrators from global multinationals and other governments the worn-out, turfed government was right where foreign interests wanted them.

Those agents are some of the most ruthless, self-serving, and devious individuals imaginable. They are used to dealing with the worst, most violent and brutal 3rd-world warlords out there. I’ve seen them in action, and it’s quite a revelation. It requires a tight team of seasoned oilmen, nasty-minded military types and several psychotic lawyers as a point group to deal with them.

These freshly elected kids and meek institutional types will be mowed down like a new lawn. Probably will take about 18 months to get them to the point it took 40 years for the PC’ers. It will not be possible for them to deal with legacy structural residue AND those lobbyists/agents AND interprovincial conflicts AND a sour entitled electorate all at the same time effectively, if at all.

They’re gonna need all the help they can get, and then some.

#118 Canada is no more on 05.06.15 at 9:47 pm

DELETED (Anti-immigrant)

#119 Smoking Man on 05.06.15 at 9:49 pm

Turner Nation, word has it a few Nectonites and hybrids will be at earls tomorrow night, trying to set up son number 3, with the Clair, not her real name. But the one who inspired the Clair character in my book.

But she’s perfect for him and he’s perfect for her, I’ll pay for that wedding only because I know the kid, who refused help putting on the snow suit, will finaly have a woman with no daddy issues, who doesn’t mind getting taken care of.

Only thing that makes a real man feel like a man.

#120 RedDeer1 on 05.06.15 at 9:52 pm

Garth, thanks for your honest reply. I don’t fear a PST and feel if one is brought in this term that will be a broken promise which will not get them re-elected. Alberta needs investment dollars but I’m not sure if we need to bend over to keep the expansion up at this time. Your a busy man but please read Don Braids Calgary Herald post today warning for premature oil patch fear mongering of what they speculate might come, shut up and wait before it becomes a self fulfilling outcome due to perceived lack of investor confidence. There is another good article in the Herald regarding small business which appears to share a similar view to mine.

So just to be clear if you were our new premier you would keep a 10% corporate tax? As you are no longer a politician you can give me an honest answer. Right?

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth

#121 partofthe99 on 05.06.15 at 9:55 pm

Everybody should read mouseland. Again.

#122 pinstripe on 05.06.15 at 9:56 pm

there is more info coming to the surface.

The ruling alberta pcs would depend on the o&g producers to tell them how oil or gas was produced.

was that a cozy relationship?

#123 Carly in Cabbagetown on 05.06.15 at 10:01 pm

Tomorrow, yet another backwards conservative government goes down in flames.

David Cameron is on tv today saying how he is “shocked, shocked” that the Scottish National Party might form a coalition with Labour to oust him.

Flashback to that weasel Harper, 2008.

We may just be seeing a much wider movement, folks.

The era of nonsensical right wing bs which began with Reagan may be ending right in front of us.

If so, the next 30 years should be much better for all of us and the planet we inhabit.

Conservatism is now backwards, retarded and evil. It must be eradicated everywhere.

Stephen Harper – you are next.

#124 young & foolish on 05.06.15 at 10:03 pm

Hey !!! Wake up ……. your political values matter little in a globalist world.

#125 John in Mtl on 05.06.15 at 10:04 pm

@ #76 Gtrz4peace on 05.06.15 at 8:12 pm

The fossil fuel era is OVER. It is killing the planet.
The criminal regime of Stephen Harper, designed to do the bidding of the Koch Brothers and their ilk, sent away and destroyed our manufacturing. They are trying to destroy our sustainable farming, our education systems that were envied throughout the world.

Well, at least one person gets it !

And the latest nail in the Canadian coffin? The TPP.

#126 RedDeer1 on 05.06.15 at 10:09 pm

Garth, you didn’t answer my question. What would you suggest corporate rates be? 9%, 8%, 0%? I’m not following your logic.

You must think corporate America is working out well for everyone.

You know what we could just choose to continue to bend over, not implement any new form of taxes, in fact repeal Prentice’s new taxes, and just run our deficit up and pray everything will be okay like Ontario. What is Ontario’s debt up to again? And this is with low interest rates.

I look forward to hearing from you what you think corporate rates should be and what you think about progressive income tax systems?

#127 Nagraj on 05.06.15 at 10:13 pm

VOX POPULI VOX DEI

#128 John in Mtl on 05.06.15 at 10:14 pm

@ #120 Republic_of_Western_Canada on 05.06.15 at 9:41 pm

… “Problem is, controlling one’s own resources flies in the face of vested interests wanting cheap feedstock. After 40 years of lobbyists, manipulators and infiltrators from global multinationals and other governments the worn-out, turfed government was right where foreign interests wanted them.

Those agents are some of the most ruthless, self-serving, and devious individuals imaginable. They are used to dealing with the worst, most violent and brutal 3rd-world warlords out there. I’ve seen them in action, and it’s quite a revelation. It requires a tight team of seasoned oilmen, nasty-minded military types and several psychotic lawyers as a point group to deal with them. ” …

Someone else also gets it!

Someday everyone will get it and things will change for the better.

Note to self: there’s no utiopia and Humans are too stupid to remember the past. As a result, history will repeat itself as it always has. What a pity.

#129 Made in BC on 05.06.15 at 10:19 pm

Here is some more Vancouver fiction: “Foreign buyers snap up Vancouver House condos”

http://www.cknw.com/2015/05/06/75124/

#130 Holy Crap Wheres The Tylenol on 05.06.15 at 10:21 pm

Smoking Man stop enabling you son, let him chase his own girls!
BTW just finished a move, really hate moving! Glad I sold when I did. Took the money and ran!

#131 young & foolish on 05.06.15 at 10:23 pm

I agree with a lot of Westerners on here …. a lot of money has gone into the Federation ….. we are not Norway.

#132 Made in BC on 05.06.15 at 10:26 pm

#100 Godth on 05.06.15 at 8:51 pm

++++++++++++++++++++++++++++

Amen to your post……while I am just a mtn biker…..everything you said in your post is correct. Everything.

#133 Drill Baby Drill on 05.06.15 at 10:34 pm

“Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth”

Dear Pathetic Blog ; thank you for a sane comment they are in short supply here in Cowtown over the past few days. I went onto the Alta NDP website this past weekend to review the resumes of the candidates. God they swim in a very very shallow pool. What international financier, lawyer or oil producer could actually have an informed discussion with them? Who would actually pick up the phone when the NDP call? The PC’s needed a good kick in the sphincter for sure (I voted WRP) but to replace them with union shop stewards and nurses, teachers, social workers and assorted layabouts ? God help us. Please pray for Alberta

#134 young & foolish on 05.06.15 at 10:38 pm

I just can’t believe Prentice threw in the towel like that …..

#135 Taxes on corporations are taxes on jobs on 05.06.15 at 10:46 pm

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth

——–

That’s more complicated.

If corporations had 0% tax, they still would not hire one more person than they absolutely need, they rather have more profit. This is fine, of course, that’s why they exist.

The same way how as an individual would chose to pay as little tax, as possible, although to paraphrase you “taxes on individuals are taxes on consumption (and consequently on companies, producing consumables therefore on jobs at those companies)”.

So the government makes a decision, picking relative winners and losers, based on political and corresponding economic ideology.

Here would come the line” “it’s hard to believe, a former politician….”, but no need to go there.

Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth

#136 Capt. Obvious on 05.06.15 at 10:51 pm

I find it weird people would vote essentially against their largest source of corporate income tax, but whatevs. It’s going to be an interesting year for Alberta real estate.

#137 Mimose on 05.06.15 at 10:56 pm

Question for the investors here –
I just bought some ETF/stocks for my TFSA nominated in USD and noticed a day later a 2.16% loss on both purchases that cannot be explained by the share price difference (market to book value) or commission. So I called my bank and was told this is caused by the exchange rate spread. He also said, don’t worry, it’s just a loss on paper, but really is this normal to loose that much money on the value of the purchase?

Are there banks that offer better spreads? How do you minimize this loss? Or, what did I do wrong/can I do better next time to minimize this extra “fee”? Would really appreciate your take on that!

#138 Boombust on 05.06.15 at 10:56 pm

Gee, I hope Snake Eyes Harper gets booted out; this country could certainly do well without a sociopath in the top job in the country.

I’m sure he can always get an “executive position” in the CIA in Washington, DC with his all buddies there “working the scene”.

#139 nonplused on 05.06.15 at 10:57 pm

#76 Gtrz4peace

Tesla’s cars run on coal and nuclear. Not exactly a clean replacement for gas powered vehicles. One day they might run on solar but not for a long time.

People, please clearly understand that electricity comes from somewhere. The 3 largest sources in NA are coal, nuclear and natural gas, the later being the cleanest but it is still a fossil fuel. Some electricity also comes from burning oil products. And yes a little bit comes from hydro and wind but if that portion went away for a day we wouldn’t notice it’s so small. Shut all the coal plants down for a day however and there would be no internet for us to have this conversation over until the coal plants were restarted.

Electric cars are not environmentally friendly and won’t be until they get charged from renewable sources, which is not yet the case. At present they are merely a demonstration technology.

#140 HJD on 05.06.15 at 11:00 pm

“Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth”

What about corporations that pay no taxes? I don’t get that. http://www.cnbc.com/id/101917093

#141 Joe Schmoe on 05.06.15 at 11:01 pm

Arm chair politicians abound today.

The lack of knowledge on O&G is astounding…we can’t refine when our only customer prefers us to ship them cheap unfinished goods (see lumber and beef as other instances). But we don’t want more customers (just say no to pipelines). But we want more income from value added sales?

Global Corporate tax rates:

http://www.kpmg.com/global/en/services/tax/tax-tools-and-resources/pages/corporate-tax-rates-table.aspx

Canada does not have low corporate tax rates….we are about median.

Our labour rates including social services are a little above median. (could use an update, but the trend would be similar)

http://www.bls.gov/spotlight/2013/ilc/

So why are we losing jobs to higher corporate tax countries and than buying those good because they are cheaper?

Mexico has higher corporate tax, individual tax but they are attracting the manufacturing jobs we are losing…look at the labour costs.

So do we want good paying jobs or high corporate taxes? The two don’t seem to live hand in hand.

#142 Bucky on 05.06.15 at 11:03 pm

Nothing to worry about, NDP win in Alberta is a normal part of the end of days.

#143 Bank Insider on 05.06.15 at 11:07 pm

People of Alberta, please understand you are helping us do “God’s work” by voting NDP. We need to create loans in order to increase the money supply and the Government of Alberta is one of the few entities we have left that can borrow money. It is for this reason we rigged the election.

Also we cannot allow Keystone to be built until the money we lent to Buffet to buy the railroads is mostly paid off. Please understand this is how it has to be.

The NDP’s platform of raising taxes on the rich will not have any impact on the vast majority of you. Rest assured there will be no tax increases on teachers or fire-fighters. Most of you earn less than they do so don’t sweat it. Most of the people who will see tax increases (a tiny minority) work for us and we will increase their wages using the money we earn from lending your government money. It won’t be enough to make any difference to the budget though so your government will be borrowing money from us, which was the plan all along.

Remember, heads we win, tails you loose.

#144 Love my Kia (Wealthy Pinko) on 05.06.15 at 11:08 pm

# 47 Andrewski

Soooo happy to not live in Alberta. The voters of Alberta have spoken. Be careful what you wish for. If you think the oil fields are slowing down now, just hang on to your hats, the s#}tstorm is just abrewing. Oh the pain, oh the humanity!
———————
Funny, today oil hit $62 a barrel, highest since December…yeah TSX cronies are in panic mode but not a massive sell off….and the dollar held stable today. The painful humanity is the ‘conservative’ gov’t not being able to save a dime in two dozen years of oil booms for rainy days. Sheesh.

#145 TurnerNation on 05.06.15 at 11:08 pm

Smoking man…I do have my Thursday night King W circuit. But was at Earls the other Thursday. Cheap drinks till 7 apparently. Will see.

Interestingly Alberta based Westjet stock got hit today even with their record earnings.

#146 Squidly77 on 05.06.15 at 11:12 pm

Yup, Alberta’s going down in fiery pit of Saskatchewanite NDP ball of sulphery fire.

#147 45north on 05.06.15 at 11:14 pm

Alberta’s corporate tax rate will rise by 20%, from ten points to twelve, if the premier-elect keeps her promise. Notley says she will review oil royalties, increase government spending, shun the Keystone XL pipeline south and the Gatway pipe going west. Combined with the move to suck off more corporate revenues, she seems ready to take the province in a direction opposite to the rest of the oil-producing world. Those jurisdictions are fighting hard for every dollar of new oil-related investment, in an era when crude prices have collapsed. Alberta could be the outlier. Hard to see how that will be a good thing if you’re trying to sell your house in Cowtown.

Ross Kay can tell us how many families in Calgary are looking out their window at the for-sale sign on their lawn. So much better to be renting.

I’m looking at Alberta’s debt:
http://finance.alberta.ca/business/borrowing/index.html

enjoy the moment Notley

#148 Josh in Calgary on 05.06.15 at 11:14 pm

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth

It’s not about the most efficient tax move. It’s about optics for the average tax payer. If I have to buck up to pay for services then why not the big money making corps? If corporate taxes kill jobs then why not 0%? The fact is an extra 1% would not have killed anything, kept us the lowest corporate taxes in the country and appeased enough voters to keep the NDP out and from raising taxes by 2%.

#149 BS on 05.06.15 at 11:16 pm

Alberta’s corporate tax rate will rise by 20%, from ten points to twelve, if the premier-elect keeps her promise. Notley says she will review oil royalties, increase government spending, shun the Keystone XL pipeline south and the Gatway pipe going west. Combined with the move to suck off more corporate revenues, she seems ready to take the province in a direction opposite to the rest of the oil-producing world. Those jurisdictions are fighting hard for every dollar of new oil-related investment, in an era when crude prices have collapsed. Alberta could be the outlier. Hard to see how that will be a good thing if you’re trying to sell your house in Cowtown.

The Alberta Conservatives may have made their mistakes but Alberta is still the wealthiest province in the nation, with the lowest taxes. The wealth and low taxation is based on being oil and business friendly. Reversing course (along with falling oil prices) will be catastrophic to the Alberta economy which will lead to less net tax dollars no matter how much the NDP raise them. This seems to be something the NDP will never learn. Higher tax rates usually net less taxes.

This is going to be fun to watch from a distance in BC. With our election a few years away there should be enough time for the Alberta NDP to prove to BC voters the NDP is not a good option and never will be. Burn it down NDP. The rest of us need Alberta as an example.

#150 Facebook Creeper on 05.06.15 at 11:19 pm

Deborah Dreever now has a better pension than pretty much any of us do. She’s 26 and prone to posting selfies in bathing suits on Facebook. This is your government now, Alberta.

#151 Cici on 05.06.15 at 11:22 pm

I think Jim Prentice wanted out. Any leader with half a brain who really wanted to stay in power would not point the finger at the general population, regardless of whether or not he or she was partly right. And then belittling another political opponent by implying that her gender impedes her from having any mathematical aptitude? That would be a sure way to piss of smart women and their husbands, especially if they have daughers, and even more so if those daughters are bright and said parents want to make sure that their girls have fair access to employment, economic and educational opportunities.

As far as the NDP is concerned, I say wait and see. If they’re smart and want to stay in power for awhile, I’m sure they’ll come up with a good game plan. If not, those Reformers just might get a crack at it (which would probably be worse for everyone involved anyway).

#152 RedDeer1 on 05.06.15 at 11:22 pm

#136 Drill Baby Drill.
Your commentary is alittle amusing as the PCs ran prostitute loving, wife beaters, along with the rest of the usual lap dogs. Talent pool was getting so thin they needed to call in an “outsider” Mr. Prentice to come save them. As for the Wildrose they have to rebuild trust with Albertans which the election results show trust the Alberta NDP.

#153 JunkieMan on 05.06.15 at 11:24 pm

#85 Red Ink is the new Orange Crush

Those industries are in their dying breath, I do believe you were at one point a McDonald’s executive. Whats Alberta gonna do in Sixety odd years when no country wants those good you speak of.

#154 Nagraj on 05.06.15 at 11:25 pm

BRITISH ELECTIONS, like the one tomorrow, are ALWAYS fun to watch because no matter what, all the British are agreed that God’s in his heaven, the Queen on her throne, and that there’ll always be an England. (Even if parts of it were to float away for a century or three). Did you know that SNP leader Ms Sturgeon CUT THE HAIR OFF her sister’s doll?! She did!

And then there’s the riding names: Aldersley-Brittlebush-Darnley, East Winkleton-Whupperthal, West Winkleton-Whupperthal, Puddingsley-Hamlet, Bubblesqueak-Central, etc.

The British are accepting of political eccentrics like no other nation I know of.
And they MERCILESSLY cartoon their leading politicians.

In Canada we get this MOROSE GRAVITAS as if even provincial election outcomes threaten the nation’s existence.

For many years I’ve watched the British House of Commons Wednesday Question Period – they’re packed in like sardines and they hoot and they holler and groan and LAUGH. And make faces – which is inconceivable in the Canadian parliament, or the US Congress. Makes the Ottawa version of Question Period look like a gathering of annoyed undertakers.

And sooner or later in the Sceptred Isle you get one hell of a political sex scandal – some of those cannot be described on this family blog. (There was the gay one with the Nazi uniforms . . . )
Heck, all we ever got here was Gerda Munsinger. And nuthin at all of note since Trudeau slapped Margaret.
Heck, even Granny Wynne’s a saintly sort –

Vox Populi Vox Dei, eh? St.Prentice got declared apocryphal and Ms Notley canonized. Yer all SO very –

#155 Squidly77 on 05.06.15 at 11:25 pm

#93 Gary on 05.06.15 at 8:41 pm
It’s poor mismanagement and ineptitude of the Conservative government. How could any province allow corporations to suck so much oil out of the ground and wind up in a deficit only six months after the oil price drop? Record years of oil production and where did the money go? Royalty rates and leases were too low and corporations made out like bandits–not to mention the tax breaks they received. How much of this went to the people of Alberta? How much money is left in their poorly managed Heritage Trust fund? A fraction of what Norway has managed to generate for their people, but then they have the interests of the people–unlike Stephen Harper and Jim Prentice.

Wow, you simply don’t know do you. I’ll put up a post tomorrow and explain it to you with crayons.

Here’s a hint. Norway’s a country, Alberta’s a province within a country.

I am astonished at your lack of knowledge.

#156 RedDeer1 on 05.06.15 at 11:30 pm

Just got off the phone with my sister who is an accountant at Dow Chemical. Indicates feedstock in the world is the cheapest going and even during a recession posts incredible profits. Her words, not mine they can afford to pay a lot more, and at least a little more. Nova Chemicals here is also doing well considering.

#157 Drill Baby Drill on 05.06.15 at 11:32 pm

Deborah Dreever
She is the brand spanking new (pun intended) NDP MLA for Calgary Bow. There are numerous photos of this 26 year old from Facebook praising the mighty Mexican weed or is it BC bud ? As well as bikini spots and chugging vino with her buddies. (Not that there is anything wrong with that). Did the voters of this riding even know who they were voting for? This is scary how oblivious the majority of voters are.

#158 paolojacuzzo on 05.06.15 at 11:32 pm

@Posters #13 and #78.
“The best argu­ment against Democ­racy is a five-minute con­ver­sa­tion with the aver­age voter.”

Winston Churchill never said anything of the sort. He did however, say this:

“Indeed it has been said that democ­racy is the worst form of Gov­ern­ment except for all those other forms that have been tried from time to time.” —Churchill By Him­self, page 583

Careful what you wish for.

(Great blog Garth)

#159 Doug in London on 05.06.15 at 11:35 pm

Some years ago I was watching a show about politics, and one thing mentioned was the campaign of John Robarts, who said something like: I won’t make any promises that can’t be kept, but with many years experience in law and politics I believe I can offer good judgement. Years ago that idea may have gotten you votes, but in this day in age it would fail miserably. If a politician actually got up and told everyone how the country and the world really works, and how there are no simple solutions only intelligent choices, and these choices come with tradeoffs, or how you have to plan long term they would be shot down in flames and turfed out. What never ceases to amaze me is a lot of people actually appear to believe there are simple solutions to todays complex problems.

#160 Here there on 05.06.15 at 11:35 pm

Opa! It took Albertans almost half a century to realize that the treasury is empty and foreplay was only the first three month of the PC dinasty. Forget the mirror. There is a proctologist in the house?

#161 Drill Baby Drill on 05.06.15 at 11:38 pm

#154 Red Deer
Trust of the Alta NDP will last as long as a Hollywood starlets honeymoon. I would ask you to check out the Alta NDP candidates web page with their resumes on there but somehow the web page has been deleted. What a coincidence.

#162 chapter 9 on 05.06.15 at 11:39 pm

#129 Red Deer 1
What is Ontarios debt?

As of March 31/15 total consolidated debt $314.5 BILLION. The interest payments on this “little” debt problem were $10.6 BILLION that is just short of the total budget for infrastructure spending for the entire province. And interest rates at historically low rates.

#163 nonplused on 05.06.15 at 11:45 pm

#157 RedDeer1

Taxes are all about robbing Peter to pay Paul. Sure we can raise the taxes on Dow, but then their shareholders pay less. Their shareholders also buy less Bentley’s, so the dealership and the salesman pays less tax.

As Garth said tax policy is political not economic.

This election was about paying teachers and nurses more, and scientists and doctors less. Class warfare of the most trivial and useless kind. A redistribution amongst those who were already almost equal.

The next election will bring the rebuttal, and it will be the end of the unions in Alberta.

#164 Godth on 05.06.15 at 11:45 pm

#135 Made in BC on 05.06.15 at 10:26 pm

I know it’s correct because I was there. 1990 was the spring when young guys in Belgium and the Netherlands started dropping dead in their sleep. These days it’s debated whether it was true and if it was EPO. I can only say that everyone was talking about something new that was happening. That’s when I heard about EPO, but who knows what exactly was going on. Drugs of all sorts were everywhere and I was considered stupid for not taking part, though I was doing pretty good with results which perplexed many.

Mtn. Biking is of course no different. I knew Roland Green from the time that he was 14. I told him what I knew, he did it anyway. Hesjedal started training with Green as I was quitting, he was obviously no different.

People wear rose coloured glasses as to how the world works. It’s pretty pathetic. If you’re interested in conquering yourself, civilization is a by-product of this (corrupt as it’s become), well, conscience and integrity have gone the way of the dodo I’m afraid. Garth is substituting these days – lol. What perversion is this.
http://www.goodreads.com/book/show/479399.Lectures_on_Ancient_Philosophy

#165 RedDeer1 on 05.06.15 at 11:49 pm

Garth,
With all do respect, just answer the question if you were Premier right now what exact percentage would you set the corporate tax rate at and would you implement a progressive income tax system as we had previously?

Dancing around issues and ignoring questions is what politicians do and the last time I checked you’ve decided other pursuits.

If you would like to make a difference, put on your cowboy boots and come and run in a 2019 election. Or continue on about real estate. Choices.

#166 West Coast on 05.06.15 at 11:52 pm

#74 omg the original – thanks for that comment…..

Maybe we should all have a look at “News is bad for your health. It leads to fear and aggression, and hinders your creativity and ability to think deeply. The solution? Stop consuming it altogether” – or at least take a break once in a while ……….
“http://www.theguardian.com/media/2013/apr/12/news-is-bad-rolf-dobelli

#167 cramar on 05.06.15 at 11:56 pm

It is interesting that so many people compare Norway’s oil fund to Alberta’s and rightly claim that Norway is the example of what should have been done. Yet so many people decry “socialist government” such as the NDP. Many decry rising taxes that the NDP will surely bring. Yet few understand that Norway is a model of how a social democracy should work. Cradle-to-grave social services. And I wonder if young people saddled with huge student loans in North America, would appreciate free university education that is available in some European countries such as Norway.

http://craigcrawford.com/2013/11/21/living-the-good-life-in-socialist-norway/

#168 nonplused on 05.06.15 at 11:56 pm

Oh and to those of you gleeful at the potential demise of the fossil fuel industry, you are welcome to stop putting gas in your car or heating your house at any time. Also turn off the main power breaker to your house. All of that comes from fossil fuels except some of the electricity which comes from nuclear (even worse) and a tiny smidgen from renewables. If you can figure out how to heat and power your house with solar go ahead (but do it without using gas or propane, good luck).

#169 Debtfree on 05.07.15 at 12:01 am

According to Lapine , Steve just put up his house in Calgary up for sale . This , a week after he called the ndp ,silly,silly socialists .

#170 [email protected] on 05.07.15 at 12:02 am

#169 nonplused on 05.06.15 at 11:56 pm
Oh and to those of you gleeful at the potential demise of the fossil fuel industry, you are welcome to stop putting gas in your car or heating your house at any time. Also turn off the main power breaker to your house. All of that comes from fossil fuels except some of the electricity which comes from nuclear (even worse) and a tiny smidgen from renewables. If you can figure out how to heat and power your house with solar go ahead (but do it without using gas or propane, good luck).
——————

Uhmmm have u heard of something called a hydro electric dam? Look it up lol

#171 Godth on 05.07.15 at 12:06 am

DELETED

#172 kommykim on 05.07.15 at 12:07 am

RE: #140 Mimose on 05.06.15 at 10:56 pm
Are there banks that offer better spreads? How do you minimize this loss? Or, what did I do wrong/can I do better next time to minimize this extra “fee”?

Buy a TSX listed unhedged ETF that mimics the US market like VUN. It trades in CAD on the TSX so you avoid the ripoff bank FOREX rates by letting the ETF provider do FOREX at a much more economical rate (it’s in the slightly higher MER).

#173 string thing on 05.07.15 at 12:09 am

Garth,

Speaking of Kim, what did you think of this iconic photo?
https://iconicphotos.wordpress.com/2011/07/03/kim-campbell-qc/
Did you also take any iconic photos while you was part of that ruling elite? Maybe in the halls of power in a pair of budgie smugglers or a Borat style swimsuit? Seems like the kind of mischievous prank you might have pulled! If not, it is never too late…G’ahead I dare you!

#174 [email protected] on 05.07.15 at 12:09 am

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth

How much tax should they pay? None?

#175 Mr.Hulot on 05.07.15 at 12:11 am

A complete bloated and inefficient oil industry in Alberta now crying like girlie men. Tough luck.

#176 RedDeer1 on 05.07.15 at 12:14 am

#170 non pulsed

I don’t think of anyone I know who is gleeful at any demise of the oil industry. Who wants to kill him golden goose? Many want more results in getting our energy products to international markets and at least look at getting a bit more value added right here in Alberta or Canada for that matter. I hope we get fully on board Energy East Pipeline and get it done. We are running out of options.

#177 Republic_of_Western_Canada on 05.07.15 at 12:24 am

#140 Mimose on 05.06.15 at 10:56 pm

Just get an additional TSFA denominated in USD. Make a one-time transfer in from the CDN one for as much as you’ll need for trading for the foreseeable future. Keep all USD stuff in that account.

You can also get an account for other international trading, from Singapore to Europe etc, but I don’t think those can be TSFA-registered.

Not sure exactly what your details were, but there is never a one-value cross-rate for FOREX. Always a bid/ask spread, just like buying shares. As a retail ‘muppet’ the spread you have to pay is slightly higher than institutional investors do.

#178 kommykim on 05.07.15 at 12:24 am

RE: #96 ANON on 05.06.15 at 8:43 pm
Why anyone would want to be in office when a bubble pops, is beyond comprehension. However, lefties always seem to be caught in the headlights.

The reason “lefties” end up in power in bad times is because of voters. When times are good, voters think they don’t need any social programs because they are employed and times are good. So CONs get elected. Then the inevitable recession comes, and voters wake up and want their EI and social programs again. Then the NDP gets elected.

#179 Republic_of_Western_Canada on 05.07.15 at 12:27 am

#172 [email protected] on 05.07.15 at 12:02 am
[…]
——————

Uhmmm have u heard of something called a hydro electric dam? Look it up lol

You mean like that big one in front of ‘Lake Mead’ with about a couple feet of dirty water left behind it on top of a vast expanse of drying mud?

#180 J2theRod on 05.07.15 at 12:28 am

As a small business owner (about 30 employees) in the gas service sector, I surprised myself by voting NDP (I swore I never would).

The PC’s couldn’t plan anything lately, except how to waste money.

We have a 550 million dollar (!) hospital being built but an existing ER that can’t be fully staffed, for a city of ~55000 people. (Grande Prairie). So is $10000 per person reasonable for a hospital, even realizing we will get people from out of the city?

Our highways are shot and barely get fixed – even though we can twin them, why can’t we afford to properly maintain them?

Way I see it, we have been living off royalties when we should have been paying a bit more in taxes – both personal AND business – to allow the extra resource revenue to be saved for downturns.

When Prentice said he wouldn’t raise business taxes, but was going to increase all kinds of personal fees and taxes, for me he showed that he was all about his business buddies and screw the people. However, even as a business owner, I think we should share the pain of any tax increase and I don’t mind; after all, if I am paying taxes obviously the business is profitable (taxes only apply to business PROFITS, not business INCOME like personal taxes).

Wages are a 100% deduction against business income, so a slight rise in taxes shouldn’t cost too many jobs; hiring more people could be considered increasing business deductions. Want to lower your tax bill, hire more people.

I want better infrastructure and shorter wait times; I am more than willing to pay some extra to get that. And a sales tax hits the poor the hardest; I don’t mind paying my taxes so go ahead and raise them a bit.

The Wildrose are driving hard to clone the US Republicans, who I cannot stand as they are basically so pro-business they’d leave their own mother to die if it meant raising taxes. There were actually Wildrose members who signed a “No new taxes” pledge. Between that and the floor crossing, they completely lost me when they had my support last time.

To Rachel Notley, please find the corruption that seems like it must exist to explain how badly managed this province has been. Send it to the RCMP. We cannot possibly spend all this without something being crooked.

Best of luck to everyone
A pro-tax-increase business owner.

#181 Transplant on 05.07.15 at 12:36 am

#172 Uhmmm have u heard of something called a hydro electric dam? Look it up lol

Yes I have heard of hydroelectric dams. There was one just a couple of miles from my childhood home in Northern Ontario. Here in Florida not so many. Maybe a good way to boost employment and spend money on infrastructure would be to build transmission lines from Niagara Falls to Tampa.

#182 DTMGO on 05.07.15 at 12:41 am

Simple. PC party had many years of high oil price revenues in Alberta, and then, less than a year of falling oil prices, they had a deficit and raised taxes on everyone except corporations. That is why Albertans threw them out. For not saving for the future, for not being ready for the inevitable, that oil price would be lower someday. They had many good years. You should see Calgary, our roads are full of pothholes, it looks like a 3rd world city, meanwhile, we send revenues to Ontario, Quebec, etc.

#183 Keith on 05.07.15 at 12:53 am

Garth, day after day you show tremendous insight into Canadian politics, RE and economics and today you suggest that Prentice got the boot for being honest?!? Really, Garth?

#184 Mike T. on 05.07.15 at 1:20 am

I think I can guess, but I really want to know what AlbertaisFINISHED guy (or girl, but I think guy) has to say….

also I was wondering if I could have 2 unicorns?

#185 Karl hungus on 05.07.15 at 1:22 am

Garth, you misrread Albertans response to the arrogance of Prentice and the PC’s. No, we don’t feel entitled, and how is it our fault that the government bumbled the finances and left us with massive deficits ?

#186 Republic_of_Western_Canada on 05.07.15 at 1:24 am

#144 Joe Schmoe on 05.06.15 at 11:01 pm
[…]
…we can’t refine when our only customer prefers us to ship them cheap unfinished goods (see lumber and beef as other instances).

We can refine and develop our manufacturing base to serve both local and domestic/foreign customers. Offering superior product from consistent and predictable suppliers.

Alberta has been making LDPE (low-density polyethlyene) as well as other plastics, feedstocks, gasoline and diesel for decades. Profit-taking, ‘encouragement’ to ship raw, and indifference to further development of product as technology became available has led to the sorry state of HC manufacturing here today.

We nearly lost Nova due to boneheaded stewarding of that industry before being saved by Abu Dhabi; and Dow’s plants are on their last legs. The looney-tunes arguments for avoiding value-added production here are endless. Time to change that. We’re not going to compete on price for oil sands product or natural gas fractions anymore anyway. Also, Alberta beef has long been of superior quality to US-raised stuff. The steaks and roasts in US supermarkets and restaurants usually came from Alberta carcasses, the hamburger and such from US carcasses. There is a differential there too that could be exploited.

Long-term large-scale investment in a capitalist society invariably has to be supported by government. Most oil companies want to show profit on anything by the next quarter. Few take a longer-term view. Those that do make damn sure strategic plants and supply chains are in secure areas as close to home as possible. Governments usually support that, as most industry has follow-on support jobs of all kinds. That’s a big reason France has a big nuclear establishment – it needs a lot of highly-educated well-paid people to maintain and develop.

The lessons for North America should have been learned decades ago. From the auto industry, to computer/IT industry, to miscellaneous manufacturing, all were shipped offshore to cheapest-cost locations (quality be damned) to the point our society resembles a hollowed-out shell.

Surely Ontario manufacturing loss is no secret either. That started way back when Diefenbaker was convinced by agents unknown that it was in Canada’s best interests to destroy all engineering work and prototypes of the advanced Avro Arrow (CF105), in trade for a few US-built fighters and a bunch of Bomarc strategic missiles. (With the keys for remote launch of course only to be in U.S. hands).

Once the critical knowledge and technical base is gone, it almost never comes back. Then people live off of paper-shuffling, food stamps, tax-shuffling, crime, police employment, prison employment and money printing. And housing bubbles.

Better to build a few more Alberta-based refineries and specialty petrochemical plants. (High-grade stuff please, we don’t need any more cigarette-tow or styrofoam plants).

#187 Entrepreneur on 05.07.15 at 1:30 am

We should do like the States, politicians have power of the wheel for only eight years. That way corruption is more controlled.

Why vote for the Liberals. Conservatives and Liberals talk the same.

#188 liquidincalgary on 05.07.15 at 1:43 am

josh in calgary said:

why not the big money making corps?

================================================

i have a corp. hopefully one day ‘big money making’.

have ten employees now; however, my personal earnings are quite meager.

should i be penalized too?

#189 DisgustMadeMePost on 05.07.15 at 1:47 am

Well, maybe Notley is a better liar. Or could she believe what she says?

Prentice should have made an act of contrition in front of the people… promised to cut the rot out of the party.

What happens to these people? How is it that they always seem to get so out of touch with the masses? The imperceptive have no place in politics.

#190 Geographer on 05.07.15 at 1:52 am

@ not 1st #64

“Last time I checked Norway was an impossibly tiny little country”

That tiny little country just has the world’s 7th longest coastline. Sure, Norway doesn’t come close to Canada’s size, but it’s no Liechtenstein–now that country is tiny!

http://en.wikipedia.org/wiki/List_of_countries_by_length_of_coastline

#191 macroman on 05.07.15 at 1:58 am

Garth, you’re a righteous Canuck. I love your style, prose and your dawgs.

I might even vote for you (if you ran and I actually exercised the franchise) if I weren’t a staunch Libertarian.

Your interest rate calls are off base though. Agree to disagree, I still respect your thoughts.

#192 macroman on 05.07.15 at 2:10 am

ED#6…

http://goldtentoasis.com/wordpress/wp-content/uploads/2015/05/image3.jpg

#193 John Prine on 05.07.15 at 2:10 am

#108 Panhead on 05.06.15 at 9:04 pm
On the positive side … at least they don’t have a use for fast ferries on the prairies. That’ll save them a bundle right there …

Amazing that anybody still brings up the fast ferries, all the governments since have blown far more.. Stadiums, Olympics, bridges…

#194 David on 05.07.15 at 3:34 am

My family all voted for Rachel Notley and the NDP and I am proud of them for doing so. A whole lot of people are asking where all of Alberta’s resource wealth managed to evaporate.
Oil wealth was great political cover for the incompetents and yellow dog Conservatives who kept getting elected with overwhelming majorities election after election.
As a person I really liked Jim Prentice. The systemic rot beneath his feet and the marriage of convenience with Danielle Smith WRA more or less was the end of his career.

#195 Out D. House on 05.07.15 at 4:23 am

To #140 Mimose, read this:

http://www.canadiancapitalist.com/save-on-canadian-dollar-to-us-dollar-conversions-and-vice-versa/

#196 Out D. House on 05.07.15 at 4:36 am

To #140 Mimose

I forgot to mention you could be buying ETFs which are denominated in Cdn$s and hedge the currency risk.

This is good:
http://canadiancouchpotato.com/2014/01/16/currency-exposure-in-international-equity-etfs/

#197 Keith on 05.07.15 at 6:36 am

@138
Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth

Gee, tax rates have been cut so many times in Canada in the last thirty years, increasing cash flow to companies. And what did they do with that cash? Well, they didn’t go out of their way to create jobs and raise wages, because that would be a violation of their fiduciary duty to maximize returns for shareholders. Giving free taxpayer money to rich people and corporations, which is what tax expenditures, the proper name for tax cuts actually does, benefits rich people and shareholders, not ordinary citizens.

Corporations don’t have to invest free cash flow in labour intensive expansion of their business. Harpers tax cuts after the GFC showed exactly how this has gone too far. At a time of recession he handed corporate Canada half a trillion dollars of money that sat on their balance sheets doing nothing because they had no business opportunities to invest in. They had received so much free government money in the form of previous tax cuts they had run out of business opportunities in which to invest.

Giving more free money to businesses and corporations doesn’t translate into more jobs. They can use the cash flow to invest in capital goods and technology (which will destroy jobs), they can buy competitors and other businesses (which will destroy jobs), they can return the excess money to their shareholders (which will not create any significant jobs) and increase the CEO’s compensation.

I love the idea that cutting taxes trickles down to ordinary Canadians, who are continuing to live with thirty years of frozen wages in real terms, as the economy has probably averaged 2% growth per year. Where did that economic growth go? Not into your pay packet, but it went somewhere. Check out CEO compensation, plummeting tax rates for wealthy/corporations/business owner, check out the level of the TSX.

Check out Norway’s tax regime. 90% tax on oil profits, 6X the royalty per barrel of oil. Did the oil companies invest? You bet they did.

Don’t listen to those, who in the words of economist Galbraith preach that “if the horse is fed more amply with oats, more will pass through the road to the sparrows.” We know what really winds up on the road.

#198 Taxes on corporations are taxes on jobs on 05.07.15 at 7:36 am

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth

——–

That’s more complicated.

If corporations had 0% tax, they still would not hire one more person than they absolutely need, they rather have more profit. This is fine, of course, that’s why they exist.

The same way how as an individual would chose to pay as little tax, as possible, although to paraphrase you “taxes on individuals are taxes on consumption (and consequently on companies, producing consumables therefore on jobs at those companies)”.

So the government makes a decision, picking relative winners and losers, based on political and corresponding economic ideology.

Here would come the line” “it’s hard to believe, a former politician….”, but no need to go there.

=====

Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth

—-

Garth, never mind that the original argument was about jobs, not equipments, or expansion on general.

On the other hand, if “reducing profits through higher tax diminishes economic activity” then so does any tax on T4 income.

After all taxing T4 income is nothing else but tax on profit, if you consider selling labor an economic activity.

We can agree then that: “Increasing T4-based revenue tax rates is a political, ideological, dogmatic move. There is no economic foundation for it”.

#199 David G. McKenna @ FindingOptimal on 05.07.15 at 8:18 am

Don’t worry Garth, usually the people who blame others for their problems get their just desserts. People who blame others, never realize they are responsible for their own problems and therefore never take action to improve their own lot.

#200 Conspiratard on 05.07.15 at 8:24 am

So, the commies come to power in Alberta, just weeks before Operation Jade Helm starts processing lobotomized Americans in Texas WalMarts, to be used to invade the southern states and provide a rationale for an emergency third term for Obama.

The site of Building 7 has also begun emitting strange radio-frequency-like noises.

School children in Ontario will all soon be unleashed during a province wide elementary and secondary strike. But not before they are indoctrinated with some specially added lessons and sex education that will prepare them to fornicate with animals in the post apocalyptic world they will create. It’s all coming together now.

Coincidence? I think not.

I think not.

#201 Polozified on 05.07.15 at 8:26 am

I don’t think this post will endear you to a lot of Albertans, Garth.

Regardless of whether it was NDP or Wild Rose, the bums needed throwing out. When a party is in power for as long as the Alberta PCs were, it rots from the inside.

As I said, people hate politicians and vote against things, not for them. Albertans will learn the consequences of their actions, I am sure. — Garth

#202 Herb Weber on 05.07.15 at 8:36 am

Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth

Except to pay for the services everyone, including business, needs or wants. Get rid of all services provided by government at any level and see where business locates. It is only a question of how much in services at whose expense, and that is a matter of good government, something we haven’t had much of, regardless of professed ideology.

The world is real, people. Ideological mantras don’t explain it or make it more tractable. They only try to protect your ox from from being gored.

#203 pBrasseur on 05.07.15 at 8:42 am

@cramar #170

Norway is a country not a province and does not have to send each year billions in equalization payments to other provinces. It also has an ageing population and a huge housing bubble that created a massive amount of artificial wealth. Household debt is one of the highest in the world. In fact I wouldn’t be surprised at all if their big sovereign fund had to be used some day to bailout a failing economy…

Alberta government is already a very big spender, not so much relative to GDP because Alberta is so rich but per capita one of the highest if not the highest in the country (BTW it does have a fund but much smaller than Norway). In other words Alberta is a welfare state just like the rest of Canada. To say that it somehow failed because of lack of socialism is complete BS.

Yes times are tougher in Alberta and it might get worse if this new NDP government tries to keep the state obese on the back of businesses and productive people. But ultimately my money is on Alberta, not Norway!

#204 Hicksville Alberta on 05.07.15 at 8:49 am

A little about Jim Prentice from Wikipedia and The Canadian Encyclopedia.ca:

Nov.4/10 – Resigned as Environment Minister of Canada and from Parliament by the end of 2010 to take a job as Vice-Chairman with the Canadian Imperial Bank of Commerce with a seven figure salary. Also became a Director of several companies including CP Rail ; BCE ( Bell Canada) ; and Coril Holdings Ltd. ( Mannix Family )

Entered the 2014 Alberta Progressive Conservative leadership election on May 15, 2014 and on September 6, 2014 won the leadership race with more than 76 % on the first ballot.

The rest is history.

So on one hand one can congratulate him for the sacrifices he made.

But on the other hand, maybe this demonstrates the perverse grasp on ” everything Canadian ” by the Powers That Be and these types of arrangements are made to enable some kind of influence and control over the politics, finances and economics of the nation at various levels throughout the country.

So glad i have long since ” Tuned In, Turned Off, and Dropped Out ” because it’s all B.S. and ain’t worth it by at least a mile.

Now give us the rest of his bio. His life did not start in 2010. — Garth

#205 CalgaryRocks on 05.07.15 at 8:51 am

#170 cramar on 05.06.15 at 11:56 pm
Cradle-to-grave social services. And I wonder if young people saddled with huge student loans in North America, would appreciate free university education that is available in some European countries such as Norway.

Well do we really need cradle to grave social services? Or, as free people, would it be better for governments to leave us alone and let us explore our true potential?

Social services should be for the needy, not an excuse for the government to manage the entire population like sheep.

And actually, since you asked, America does appreciate Europe’s free education system. I have worked all over the US and have met tons of Europeans that came to the US to work.

You see, they realized that in their home country they will never be able to get ahead. So they bring their education here where people can work and be rewarded for it.

#206 Ralph Cramdown on 05.07.15 at 8:56 am

#110 Oot der Hoos — “accelerated write off just means deducting expenses. Since when is deducting expenses a sin?”

Deducting expenses in a period other than the one whose income they were incurred to earn is an accounting sin. It’s on the same road to perdition as earnings smoothing, capitalized expenses and channel stuffing.

It is hard enough for shareholders to decipher the competently kept books of complex corporations. The more wingdings and dingbats there are explaining the difference between the accounts for taxation purposes and the accounts for business purposes, the more difficult it becomes. The benefits accrue to insiders and management, at the expense of labour and outside shareholders.

Besides, you really want companies investing in capital that is so marginally productive that they wouldn’t have done it without accelerated write-offs? Or just to give tax breaks to companies that would have made those investments anyway?

A tax dollar maybe collected next year is not the same as a tax dollar collected today. The company gets the use of the dollar for a year, the government has to finance the use of the dollar for a year, and if the company later fails to profit, or fails completely, the government never collects at all.

I might agree with accelerated write-offs if they were targeted to specific industries as a component of competent, data-backed industrial policy. But allowing their broad use is an inefficient tax gift, likely more of a wealth transfer than a productivity boost.

#207 Josh in Calgary on 05.07.15 at 8:58 am

#191 liquidincalgary,
josh in calgary said:

why not the big money making corps?

================================================

i have a corp. hopefully one day ‘big money making’.

have ten employees now; however, my personal earnings are quite meager.

should i be penalized too?
——-
Yes. But instead of calling it penalized I would call it paying your share for the services we all use. To paraphrase Senator Warren; you built a nice business that employs people. Good job. But you didn’t build the roads to get your services to market. You rely on the police force and fire department to keep your business safe. Your employees are all educated by a system we all paid for. They wouldn’t work for you if we lived in a place without hospitals to take care of them.

You are to be commended for being a job creator, but that doesn’t put you above paying taxes. For reference we have the lowest corporate tax in Canada. How then do corps in other provinces survive?

#208 Ralph Cramdown on 05.07.15 at 8:59 am

“Most companies reinvest profits in growth, expansion, equipment and people.”

That was last decade, dude. This decade it’s dividends and buybacks. Ask me how I know.

So ask the small operator in the patch – who creates most of the jobs. Where did all these non-entrepreneurial lefties come from? — Garth

#209 crowdedelevatorfartz on 05.07.15 at 9:05 am

@#167 Godth

O. M. Gth.

You’re a philosophy major? With integrity.

#210 young & foolish on 05.07.15 at 9:11 am

“Glad I sold when I did. Took the money and ran!”

Run to where exactly? You still have to pay for a place to live, and now your money has to be invested in increasingly interlocked capital markets. Hope you are not counting on 7% this year.

#211 Chris on 05.07.15 at 9:12 am

Great post… this is one of the best pieces you’ve written.

#212 young & foolish on 05.07.15 at 9:15 am

“Taxes on corporations are taxes on jobs.”

This is true. Why not reduce corporate taxes to 0% and beef up the CPP while letting companies sidestep pension obligations altogether.

Most companies do not offer DB pensions, but (at best) matched DC RRSP plans, while contributing more to CPP than workers do. A nonsensical comment. — Garth

#213 Ralph Cramdown on 05.07.15 at 9:19 am

#94 Ottawa — “There are a lot of factors that go into investment decisions. Considering alternative oil deposit host country regulations/restrictions/risks and ease of doing business, I doubt, handled correctly with an appropriate timeline, a 12% provincial corporate tax rate is going to decimate investment.”

You doubt that increased provincial taxes will decimate investment.

I agree.

Energy companies currently do business in environments (both political and physical) FAR more hostile than Alberta. I think Albertans have been hoodwinked into selling their patrimony far too cheaply. Extractive industries don’t “invest in your province,” they TAKE YOUR STUFF. Now if your stuff is low value or renewable, like thermal coal, aggregates or lumber, then maybe the job creation is the most important thing. But if your resources are high value, like oil, then a company saying it will take it off your hands in exchange for jobs (“investment”), but only if the tax rate is low… Well, that’s like a tow truck driver offering to take away your $10,000 car for $100, and to pay you another $100 if you’ll help him hook it up to his truck.

#214 CalgaryRocks on 05.07.15 at 9:56 am

Typical socialist logic from the link above about Norway

And what do Norwegians get for their higher taxes? Extensive cradle-to-grave social services: health care, education, child day care, libraries, recreation and arts facilities — plus an extensive public transportation system. These are free or are offered at low cost, subsidized by taxes.

Everything is FREE! Except for the high taxes that need to be paid in order to pay for the FREE stuff. WTF is wrong with these people.

#215 Nobody on 05.07.15 at 9:56 am

Taxes on corporations are taxes on jobs. Hard to believe a party founded in the labour movement doesn’t get that. — Garth
________________________________________

Can’t kill the zombie trickle down BS no matter that there has never been any evidence to prove it. What a load of crap. Shame on you.

So, burden businesses more. See what happens. — Garth

#216 Daisy Mae on 05.07.15 at 10:08 am

#25 Mean Gene: “After the NDP screw things up, the Alberta Tories will be elected back in.

Seesaw politics just like BC.”

********************

Exactly! Happens over and over and over again….

#217 young & foolish on 05.07.15 at 10:13 am

“There are numerous photos of this 26 year old from Facebook praising the mighty Mexican weed or is it BC bud ? As well as bikini spots and chugging vino with her buddies. ”

Yes friends, now you might think that elected bodies have only limited relevance, so then, why bother to vote? Just throw in the towel and let the real rulers run your “democracy”.

#218 pBrasseur on 05.07.15 at 10:28 am

Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth

Absolutely true. Taxing companies robs them of their future, and ours…

#219 young & foolish on 05.07.15 at 10:31 am

Where did that economic growth go? Not into your pay packet, but it went somewhere.

I probably went to shareholders (many of which visit this blog).

#220 pBrasseur on 05.07.15 at 10:36 am

That was last decade, dude. This decade it’s dividends and buybacks. Ask me how I know. Ralph Cramdown

So what? In a free market environment companies that make bad decisions will disappear, replaced by other who made better decision.

The last thing I want to see is governments making these decisions instead either by taxing or over-regulating.

#221 Rational Optimist on 05.07.15 at 10:37 am

20 Buyers remorse on 05.06.15 at 6:23 pm

“Nutley says she won’t support pipelines… I suppose she’ll champion the other industry in Alberta…..oh yeah…there aren’t any.”

Classic.

#222 RayofLight on 05.07.15 at 10:41 am

#142 nonplused
Electric cars are not environmentally friendly and won’t be until they get charged from renewable sources, which is not yet the case. At present they are merely a demonstration technology.
I agree. But an electric car even powered by renewable energy is not as environmentally friendly as most people believe. There is a lot of Rare Earths in an electric car. These are mostly mined in China ,and this mining process is an environmental nightmare. It involve saturating the ground with acid, and the lechate is usually radioactive. But all this happens in China, so everyone says “who cares”. But the environment is “The Earth”, not just your back yard. BTW, a similar argument applies to the “environmentally friendly” Wind Turbines & Solar Panels. but most liberal minded environmentalist can’t see beyond the tailpipe

#223 Realitybytes on 05.07.15 at 10:44 am

“Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it.” — Garth

Shame on me for expecting better from you than such a black and white ideology.

Corps have been sitting on trillions in cash, not reinvesting and hiring for years after the GFC.

And paying out massive dividends mostly to the upper echelons of wealthy, who spend a smaller fraction of their wealth than middle and lower class.

‘Corporations with trillions’ do not exist in Canada. What a sad argument this has become. — Garth

#224 Realitybytes on 05.07.15 at 10:47 am

“So, burden businesses more. See what happens.” — Garth

That kind of fear mongering and blackmailing of the sheeple is rampant in Alberta after this election. What great contributors to our society are these modern day robber barons.

I mongered no fear. Go ahead and support these guys. See what happens. — Garth

#225 saskatoon on 05.07.15 at 10:50 am

#220 young & foolish

this is already happening.

geesh…young & foolish indeed.

#226 Realitybytes on 05.07.15 at 10:50 am

Garth,

Interested in your opinion of Bill C-51?

With the Libs supporting it as well, I’m left with no one to back, since I’d never vote NDP.

Is it possible to stage a revolution by the centrist reasonable people? Bah, nobody seems to care.

#227 Godth on 05.07.15 at 10:52 am

#202 crowdedelevatorfartz on 05.07.15 at 9:05 am

Postmodernism is dead
http://www.prospectmagazine.co.uk/features/postmodernism-is-dead-va-exhibition-age-of-authenticism

Titanic Stock Bubble Fueled by Buyback Blitz
The Rich Get Richer
http://www.counterpunch.org/2015/05/06/the-rich-get-richer/

#228 MF on 05.07.15 at 10:52 am

#213 young & foolish

While I understand nothing is guaranteed, can you elaborate on what you mean by “increasingly interlocked capital markets”?

MF

#229 Daisy Mae on 05.07.15 at 10:53 am

#73 Freedom First: “I believe that elections would give a clearer picture of how the people really felt if “None of the above” was included on the ballot.”

*********************

Absolutely….and that is where I’d put my ‘x’. Would it make a difference? I guess we need a federal coalition government. All parties would have their hands tied and we’d stall….however, what else can we do?

#230 Julia on 05.07.15 at 10:58 am

# 217 Calgary Rocks

” Everything is FREE! Except for the high taxes that need to be paid in order to pay for the FREE stuff. WTF is wrong with these people. ”

Sounds a bit like Quebec. Want low cost childcare, want the Government to take care of them (pension etc…), then complain that taxes are too high.

Can’t have it both ways. I’ll take lower taxes thanks.

#231 Setting the Record Straight on 05.07.15 at 11:03 am

. Giving free taxpayer money to rich people and corporations, which is what tax expenditures, the proper name for tax cuts actually does, benefits rich people and shareholders, not ordinary citizens.

It’s not money that is “owned” by taxpayers. Govt took it from someone. That someone may be rich or poor.

#232 young & foolish on 05.07.15 at 11:03 am

“Where did all these non-entrepreneurial lefties come from?”

… the unemployment lines?

#233 jess on 05.07.15 at 11:04 am

One -Dimensional Man
Herbert Marcuse called the “Great Refusal—the protest against that which is.”
Marcuse Today

Fifty years later, “One-Dimensional Man” is more prescient than its author could have imagined
Ronald Aronson
November 17, 2014
http://www.bostonreview.net/books-ideas/ronald-aronson-herbert-marcuse-one-dimensional-man-today

#234 Ralph Cramdown on 05.07.15 at 11:04 am

Where did all these non-entrepreneurial lefties come from?

Nothing wrong with true entrepreneurs. But an entrepreneur who can only create jobs if he has a laughably low tax rate is one we might be able to do without. And an entrepreneur who has one customer, and whose main purpose in the economic ecosystem is to keep that large employer from having to pay better wages and bennies to his employees, who’d undoubtedly be working for the large employer one way or another anyway, is probably another one we could do without.

It can’t have escaped your notice that the tax system gets more complicated every year — even for personal taxes, nevermind corporate — and that the spoils go to those who can structure earnings and groups of corporate entities so as to minimize taxation, liability, and labour bargaining power. It’s a great game.

Don’t worry, as I get older I’ll undoubtedly care less and less about the commonweal and more exclusively about what’s best for my family. I’ll become more unabashedly conservative. After all, “a young person who isn’t liberal has no heart, and an old person who isn’t conservative has no brain.”

#235 Rational Optimist on 05.07.15 at 11:05 am

126 Carly in Cabbagetown on 05.06.15 at 10:01 pm

“Conservatism is now backwards, retarded and evil.”

“Retarded” is a really ugly word. I don’t know about conservatism “ending” (or whatever else you said), but I have faith that whatever your ugly and intolerant “movement” might be, will gain no traction.

#236 Squirrel meat on 05.07.15 at 11:08 am

#203 Conspiratard on 05.07.15 at 8:24 am

So, the commies come to power in Alberta, just weeks before Operation Jade Helm starts processing lobotomized Americans in Texas WalMarts, to be used to invade the southern states and provide a rationale for an emergency third term for Obama.

The site of Building 7 has also begun emitting strange radio-frequency-like noises.

School children in Ontario will all soon be unleashed during a province wide elementary and secondary strike. But not before they are indoctrinated with some specially added lessons and sex education that will prepare them to fornicate with animals in the post apocalyptic world they will create. It’s all coming together now.

Coincidence? I think not.

I think not
——————————-

Conspiratroll ! You can’t think!

#237 SWL1976 on 05.07.15 at 11:22 am

#167 Godth

People wear rose coloured glasses as to how the world works. It’s pretty pathetic.

It is, and while people deny and say ‘that can’t happen’ or ‘wont happen’ they fail to is that it is happening. Right now it’s happening. Seems I missed some good conversation here last night as I was researching nano particulate in chemtrails and looking for a reason as to why Walmarts need to close for 6 months due to plumbing issues in jade helm states with hum-vee’s parked in the back?

As far as mountain biking goes it is what keeps me calm in times of stress and keeps me grounded in a messed up world. I started building a trail through the forest in 2001 and since then it has been and on going project that will never be complete yet hundreds, maybe thousands of people have enjoyed it and contuine to today

Maybe the masses will wake up… But I am not counting on them or government to save me during any time of need

Support local communities and grow food

#238 Mike T. on 05.07.15 at 11:22 am

This is interesting

Albertans clearly want their Huey Long moment

http://en.wikipedia.org/wiki/Huey_Long

‘every man a king if no one wears a crown’

I don’t think they are going to…

#239 Oceanside on 05.07.15 at 11:23 am

#224 Rational Optimist on 05.07.15 at 10:37 am
20 Buyers remorse on 05.06.15 at 6:23 pm

“Nutley says she won’t support pipelines… I suppose she’ll champion the other industry in Alberta…..oh yeah…there aren’t any.”

Classic.

She will have to support some pipelines to keep Alberta running, better than rail transport….Encouragement for new refineries shipping refined product will benefit the province greatly in the long term.

Interesting watching the fear mongering going on, lot of talk, I don’t imagine many are packing up their families and leaving just yet.

#240 Squirrel meat on 05.07.15 at 11:28 am

240 SWL1976 on 05.07.15 at 11:22 am

#167 Godth

People wear rose coloured glasses as to how the world works. It’s pretty pathetic.

It is, and while people deny and say ‘that can’t happen’ or ‘wont happen’ they fail to is that it is happening. Right now it’s happening. Seems I missed some good conversation here last night as I was researching nano particulate in chemtrails and looking for a reason as to why Walmarts need to close for 6 months due to plumbing issues in jade helm states with hum-vee’s parked in the back?

As far as mountain biking goes it is what keeps me calm in times of stress and keeps me grounded in a messed up world. I started building a trail through the forest in 2001 and since then it has been and on going project that will never be complete yet hundreds, maybe thousands of people have enjoyed it and contuine to today

Maybe the masses will wake up… But I am not counting on them or government to save me during any time of need

Support local communities and grow food
———————————————–
Do you have a shield of some sort to protect your growing food from the chemtrails?

Walmart’s already a prison.

#241 Rational Optimist on 05.07.15 at 11:33 am

219 Daisy Mae on 05.07.15 at 10:08 am

‘#25 Mean Gene: “After the NDP screw things up, the Alberta Tories will be elected back in.

Seesaw politics just like BC.”

********************

Exactly! Happens over and over and over again….’

I hope you guys are right, but consider this:

For the last 44 years, Alberta has had a PC government. For the prior 36 years, it had a Social Credit government. For three full terms before that, the United Farmers governed.

What if Albertans only have it in them to replace a dynasty every few decades?

#242 Sonny on 05.07.15 at 11:35 am

#108 Panhead on 05.06.15 at 9:04 pm
On the positive side … at least they don’t have a use for fast ferries on the prairies. That’ll save them a bundle right there …

==============

#196 John Prine on 05.07.15 at 2:10 am
Amazing that anybody still brings up the fast ferries, all the governments since have blown far more.. Stadiums, Olympics, bridges…

==============

Don’t about forget about the expensive (and unnecessary) highway to Whistler.

#243 Garth jumped the shark on 05.07.15 at 11:36 am

“Taxes on corporations are taxes on jobs. — Garth”

That’s only true if corporations exist solely for the purpose of creating jobs, (which implies absolutely no buybacks or dividends or larger-than-necessary salaries for anyone including owner-directors, ever). Wasn’t it you Garth that recently said that’s not what corporations are meant for? So which is it Mr. Doublethink, are jobs an inevitable byproduct of being in business or are corporations altruistic entities who exist to provide jobs?

“I mongered no fear. Go ahead and support these guys. See what happens. — Garth”

Dude, dude…. dude… you’re like Michael Scott in that show The Office, no self-awareness whatsoever. None. You say you’ve mongered no fear, and literally the next words you type are fear mongering. What the hell, dude?

#244 chapter 9 on 05.07.15 at 11:44 am

#160 Drill Baby Drill
Deborah Drever NDP MLA Calgary Bow Facebook quote “Drever came under intense fire from both her electorate and opposition parties after Facebook pictures showed her giving the “finger” to the Canadian flag. The offending pictures were later removed from her Facebook account”.

Maybe Deborah should be removed from public office-your fired!!!

#245 TurnerNation on 05.07.15 at 11:53 am

250th?

What’s this shrill, strident, screechy noise eminating from Alberta? It’s a sound of stereotyping.

More trojan horses in the war against family, middle class. Nice hair though.

#246 Victor V on 05.07.15 at 12:02 pm

Manitoba Telecom to cut 25 percent jobs, slashes dividend

https://ca.finance.yahoo.com/news/canadas-manitoba-telecom-cut-25-percent-jobs-slashes-103351976–finance.html

#247 Nerf Herder on 05.07.15 at 12:06 pm

Don’t blame the victim Garth. Sometimes an abused wife is willing to do anything to get out of a bad marriage. Even starting from scratch.

It was plain to see that the PC’s had become lethargic and arrogant, and the average Albertan voter was in the mood to send a message.

Good on you to defend a friend…. but Prentice got what was coming to him and his party.

Now if Mulcair can just keep his angry beard and kumbaya away from Alberta, I think Notley will do OK.

#248 bdy sktrn on 05.07.15 at 12:07 pm

the excellent debate on taxes today has more action and solid hits than the pac-may fight.

well done people.

at to our resident worrier – chemtrails are not real, but what is up with the 5 wallyworld stores?

#249 Geek on 05.07.15 at 12:09 pm

NDP govt may be as bad as PC’s. But it was time Alberta needed to give them a chance. I have loved reading your blogs but surely this one was disappointing.

#250 Realitybytes on 05.07.15 at 12:27 pm

“‘Corporations with trillions’ do not exist in Canada. What a sad argument this has become.” — Garth

Deliberate deflection. I talk macro, you refer to micro.

And represented within Alberta are plenty of multinationals who make up part of the cash hoarding hoard.

The argument is one of political science and economics, not what’s going on at Sam’s Hardware store. Though feel free to trot out what Joe the Plumber is paying for a hammer.

#251 Squirrel meat on 05.07.15 at 12:39 pm

The guardian is pumped with the NDP.

http://www.theguardian.com/world/2015/may/06/canada-alberta-elects-leftwing-party-keystone-pipeline

#252 DM in C on 05.07.15 at 12:40 pm

#207: Now give us the rest of his bio. His life did not start in 2010. — Garth

Here’s one: http://www.vueweekly.com/prentices-rear-view-mirror/

#253 Bottoms_Up on 05.07.15 at 12:46 pm

The people elect government. Therefore, the government is “for the people, by the people”.

NOT “for corporations, by the people.”

Simple as that. It’s time our governments put people first.

#254 jess on 05.07.15 at 12:47 pm

a really good liar

…” Stratos defrauded a woman of $7 million by convincing her he could manage the proceeds of her divorce by investing them overseas. He also claimed he could sell her home to a Middle Eastern royal family, but she needed to lease luxury cars to make the home more enticing. In fact, Stratos lived in the house, and drove the cars himself.”
http://www.courthousenews.com/2013/10/08/61840.htm

….”financial whiz, who called himself Ken Dennis= Troy Stratos -how money and influence flow through Silicon Valley…
http://www.bloomberg.com/news/articles/2015-05-07/facebook-share-scam-used-silicon-valley-ties-to-ensnare-wealthy

http://www.law360.com/articles/447082/venable-pushes-to-toss-suit-over-11m-facebook-ipo-fraud

U.S. Attorney’s Office May 23, 2013
New Charges Filed Against Stratos in $11.25 Million Investor Fraud Scheme
======

#255 Ain't that the truth on 05.07.15 at 12:47 pm

i have a corp. hopefully one day ‘big money making’.

have ten employees now; however, my personal earnings are quite meager.

should i be penalized too?
——-
Yes. But instead of calling it penalized I would call it paying your share for the services we all use. To paraphrase Senator Warren; you built a nice business that employs people. Good job. But you didn’t build the roads to get your services to market. You rely on the police force and fire department to keep your business safe. Your employees are all educated by a system we all paid for. They wouldn’t work for you if we lived in a place without hospitals to take care of them.

You are to be commended for being a job creator, but that doesn’t put you above paying taxes. For reference we have the lowest corporate tax in Canada. How then do corps in other provinces survive?
……

Very well said.

#256 Bobcat on 05.07.15 at 12:48 pm

Usually when corp taxes are raised or lowered, there is an offsetting decrease or increase in the dividend rate. At least that’s what BC did in the last budget.

So the total tax take is the same, once the money flows out to shareholders and is taxed. So the decision is more when to tax the money. Is Alberta doing that?

#257 Mithan on 05.07.15 at 12:50 pm

The narrative is that Saskatchewan is going to see a huge boom now as people and business flee Alberta to come here, meaning prices will increase….

What do you think Garth?

#258 SWL1976 on 05.07.15 at 12:55 pm

#243 Squirrel meat – Do you have a shield of some sort to protect your growing food from the chemtrails?

No, but I am pretty sure I am way ahead of you on the curve on this one

So many good comment here. Thanks garth for this forum

Big plus 1 to…

#162 Doug in London

#183 J2theRod

#189 Republic_of_Western_Canada

#225 RayofLight

And many others.

I think Mr Prentice showed his true character when he resigned after winning a seat yet his party lost the election. Kind of says a lot about about his political intentions right there

#259 pinstripe on 05.07.15 at 12:57 pm

The talk at the coffee shop is getting better bythe day.

The shredding machine at the legislature is working full time.

we are learning that the PCs were 100% aligned with big business while the taxpayer was picking up the tab for anything the big corps wanted. The corruption and bribes are mindboggling. The long term contracts with the corps are another thing too putting the taxpayer on the hook for a long time moving forward.

electing the ndp will be a BLESSING for alberta.

#260 Edmontonian on 05.07.15 at 1:00 pm

My family and I, close friends & most co-workers have been conservative supporters all of our lives. But not anymore. They have averaged about $4.80 a barrel for us here in Alberta while Alaska has been averaging $42. I know we could not get nearly as much as Alaska since are tar-sands oil is different, but $4.80 is too low. WE don’t even have enough to built a twin highway to Fort Mac, many are killed every year. Our corporate taxes are too low. The conservative government did their own Royalty review, but never had the balls to implement it. They found out that they were owed billions still in revenue with our world’s lowest royalty rate-but never collected it. We look forward to building a better Alberta, there has to be some pain to improve. And, everyone is very optimistic that there is no way in hell it could be as bad as the conservatives have been the last 7 years.

In the meantime lots of talk about cleaning house with HARPER here in Alberta, he’s sold The Canadian Wheat Board to someone from the Middle East. Now Canadian Farmer’s are getting the lowest price of wheat in the world today, fearing insolvency. This seems to be the last straw for the Conservative supporters.

#261 Edmontonian on 05.07.15 at 1:06 pm

FYI a corporate Tax hike in Alberta from 10 to 12% will still be much lower than Saskatchewan or B.C. and still one of the lowest in North America!

The tax increase will raise peanuts and send out the wrong message just when AB needs more investment capital, not less. What a dumb idea. — Garth

#262 Smoking Man on 05.07.15 at 1:10 pm

Bad week for the NEOCONS, they go down in flames to commies of all people , and today we Welcome Back Kadhar.

UK are counting votes, necons in limbo.

Wondering how many times Harpo used the F word this week.. Is his remote smashed to pieces.?

#263 jess on 05.07.15 at 1:10 pm

221 pBrasseur

“In 2005, President George W. Bush said, “With $55 oil, we don’t need incentives to oil and gas
companies to explore.There are plenty of incentives….

…In 2004, Congress created the Domestic Manufacturing Deduction, often referred to as Section
199.The deduction is designed to stimulate manufacturing here in America.Each company here today has claimed this deduction.”

“According to Treasury Department estimates, if all the subsidies for the oil and gas industry were eliminated,
domestic production would fall by less than one half of one percent .”

“In 2007 Joint Economic Committee analysis found that repealing the oil and gas tax breaks would not raise energy prices for consumers.Why? Oil prices are set on a world market, and the U.S. share of production is only 10 percent.
That makes it difficult –if not impossible –to pass on the cost of losing these subsidies to consumers”

http://www.finance.senate.gov/imo/media/doc/05122011%20Baucus%20Statement%20Regarding%20Oil%20and%20Gas%20Tax%20Breaks.pdf

http://www.ctj.org/corporatetaxdodgers/sorrystateofcorptaxes.php

#264 [email protected] on 05.07.15 at 1:15 pm

Most companies reinvest profits in growth, expansion, equipment and people. Reducing profits through higher tax diminishes economic activity. Increasing corporate tax rates is a political, ideological, dogmatic move. There is no economic foundation for it. — Garth
————–

So your saying they should pay zero?
What about paying the share holders? Are you talking about the billions of dollars recent share buy backs ? or the huge cash reserve apple is sitting on? Most people have never read this blog or know what a dividend is some just trying to make it on 15 buxs hour. But hey make sure they pay their share because the corps are the ones creating the jobs …… You wana slag unions next?

#265 Obvious Truth on 05.07.15 at 1:32 pm

Starting to sound like the Harper government might face a Kim Campbell moment.

This is really stunning stuff.

JT may be the next Obama. He may get the female and young vote. Along with backlash against conservatives in this country the results could be breathtaking.

#266 DisgustMadeMePost on 05.07.15 at 1:35 pm

#263 Edmontonion

In the meantime lots of talk about cleaning house with HARPER here in Alberta, he’s sold The Canadian Wheat Board to someone from the Middle East. Now Canadian Farmer’s are getting the lowest price of wheat in the world today, fearing insolvency. This seems to be the last straw for the Conservative supporters.

…….

Good you mention this. I read about the possible sale of the Wheat Board to overseas interest and couldn’t believe it. I have read that sale to foreign interests of farm land is another contentious issue. Some family owned farms want legislation changed so that they can sell to foreign interests and cash out for big money. Seems they feel since they’re done with farming they should have the right to make big money, screw the idea of Canadian owned farms. For the life of me I cannot believe the country (Saskatchewan at least) would contemplate allowing this.

I’ll vote for the guy who opposes this kind of sell out of our country just to make a quick buck.

#267 Protea on 05.07.15 at 1:36 pm

With Prentice we got to see what we already knew. He came to be king, and when it didn’t go his way, he disrespected democracy by resigning his seat before it was even counted. Disgraceful conduct by a “career politician”.

Congratulations to the NDP it sure shows you that democracy is alive and well in Alberta. By the way I live in BC and although we have had a few NDP governments the economy is OK today in BC and Alberta will live to see another day. Stop the rhetoric !

#268 Karl hungus on 05.07.15 at 1:39 pm

Garth, you do realize the corporate rate used to be 15% right? A raise of 2% won’t deter anyone. There is no “message” sent. If companies can make money they will. Messages don’t mean anything to them.

#269 Ivan the infallible on 05.07.15 at 1:44 pm

Globally bannks are restricting cash transactions
In doing so they tip their hand- the behavior is not that of
a corporation but that of a government
it should be obvious to all that governments are subservient to banks
and are basically PR and collection agencies of banks
look in the mirror?

#270 fixie guy on 05.07.15 at 1:45 pm

The Canadian housing bubble is the result of mismanaged federal mortgage guarantees. End of story, period. Has been since Chretien.
If you want to blame Canadians for demanding CMHC backing, under the deluded belief borrowers are being protected, you may have a minor point. Otherwise this mess rests squarely on the feds.

#271 [email protected] on 05.07.15 at 1:50 pm

It’s all the poor peoples fault! Tax the poor! Damn commies just want a handout on the backs of hard working stand up corp citizens like Exxon and bp, they just wana make money so thy can hire more people and pay higher wages. Shame on us all

#272 robert james on 05.07.15 at 2:08 pm

#264 Edmontonian Good post !! The person that corrected you actually thinks that offshore investors have no affect on Vancouver real estate prices..,, have to be politically correct in Canada you know.

#273 Plummy on 05.07.15 at 2:12 pm

This talk of corporate tax levels reminds me of a Planet Money episode:

http://www.npr.org/blogs/money/2012/10/18/163106924/a-tax-plan-that-economists-love-and-politicians-hate

They put together a mixed panel of economists “from across the political spectrum” and asked them to put together a platform for their dream presidential candidate.

One of the consensus recommendations was reducing corporate taxes to 0%. Their commentary:

Our economists said if you want to tax rich people as public policy, then tax rich people — tax the people who own corporations. But taxing the corporation itself is taxing the thing that really does create jobs.

#274 -=jwk=- on 05.07.15 at 2:15 pm

@ #183 We have a 550 million dollar (!) hospital being built but an existing ER that can’t be fully staffed, for a city of ~55000 people. (Grande Prairie). So is $10000 per person reasonable for a hospital, even realizing we will get people from out of the city?
———————-

Yes, that is a 25yr investment. That’s $400 per person per year. Actual cost would be lower as corporations pay some tax too. Figure $250 per person/yr which seems reasonable. A new facility will also attract talent, so your ER will be better staffed.

#275 Gregor Samsa on 05.07.15 at 2:15 pm

The thing many people on this blog, Garth, conservative politicians, and the media don’t get is simply this: MOST PEOPLE ARE NOT RICH. Most people make $50K a year or less. Most people are struggling to get by in this day and age. And sooner or later, the average person will get fed up with governments that only pander to corporations and the rich.

So along comes Jim Prentice with his claims that Alberta is in deep financial trouble, and that only one segment of society is going to pay to get out of the mess: the average joes making $50K. No taxes for corporations. No taxes for the rich.

The only thing that surprises me is that the PCs won any seats at all.

10-20% of the population are actually rich. For the remaining 80% of society, a socialist government like the NDP is much better for them.

But don’t fret, corporate conservative parties and the corporate owned media will never tire of trying to convince the 80% to vote in the best interests of the 20%. They succeed in fooling many, but as the old adage goes, you can’t fool all the people, all the time.

That’s why Alberta has an NDP government.

#276 TRT on 05.07.15 at 2:29 pm

Reporting Live from South Beach, Miami.

The homes on the small artificial islands are a crazy investment. The whole Caribbean wants to come here.

Garth, what do you think. Buy here or La Jolla?

#277 saskatoon on 05.07.15 at 2:34 pm

#270 Protea
#262 pinstripe
#274 [email protected]

again, so many deluded pinko blog dogs here.

notice a pattern with their posts, yet?

sure you do::::::::::::::

the mindless conflation of “I” and “We”.

they have been hollowed out, and are (at least currently) incapable of individual thought and expression (and, hence, individual responsibility).

willing government stockholme syndrome slaves.

ripe (unwitting) fodder for smoking men.

#278 DisgustMadeMePost on 05.07.15 at 2:35 pm

Brutal really. The fall out in Alberta has barely begun and the PC’s have already been booted, hard.

Gotta send some shivers up old snake eyes’ spine, lol.

Do you think this result might empower the rest of the Canadian populace? Maybe they can now believe their vote , for better or worse, might actually make a difference? Who knew!

#279 Axehead on 05.07.15 at 2:53 pm

#129 RedDeer1

I suppose you voted for the Union rep who now represents you in Red Deer South. Hope you are a member of CUPE or ATA or UNA or one of the Labour Unions. If you work in the private sector or own your own business or are an entrepreur, you have just gotten poorer.

#280 Randall on 05.07.15 at 2:53 pm

Yeah, democracy. Sometimes people vote for other parties than what you would prefer.

Of course, it’s the end of the world. What will we do if corporate profits are not held at a marginally higher level?!?! It’s over guys! They’ll get in their spaceship and leave forever! Or to some other place with equally vast petroleum reserves, strong rule of law, high ease of business, and a highly qualified, educated population. That 2% was just a step too far… how ungrateful we were.

Why does Alberta only get $4 a barrel when Alaska gets $40?

#281 45north on 05.07.15 at 2:59 pm

chapter 9: What is Ontarios debt?

As of March 31/15 total consolidated debt $314.5 billion. The interest payments on this “little” debt problem were $10.6 billion that is just short of the total budget for infrastructure spending for the entire province. And interest rates at historically low rates.

I live in Ontario, born and bred. when interest rates go up we’re going to know what it’s like to be poor but we do have a choice: we can be poor under the Liberals, poor under the Conservatives or poor under the NDP.

Transplant: Yes I have heard of hydroelectric dams. There was one just a couple of miles from my childhood home in Northern Ontario. Here in Florida not so many. Maybe a good way to boost employment and spend money on infrastructure would be to build transmission lines from Niagara Falls to Tampa.

I believe they already exist. The integrated east coast electrical network means that power flows up and down the coast. The whole thing rising and falling 60 times a second synchronously.

republic_of_western_canada: In this case, the biggest deliverable with highest value impact was the promise to hold back hydrocarbon product for provincial refining, upgrading and added value.

I feel the same

Those agents are some of the most ruthless, self-serving, and devious individuals imaginable. They are used to dealing with the worst, most violent and brutal 3rd-world warlords out there. I’ve seen them in action, and it’s quite a revelation. It requires a tight team of seasoned oilmen, nasty-minded military types and several psychotic lawyers as a point group to deal with them.

These freshly elected kids and meek institutional types will be mowed down like a new lawn.

pretty funny

#282 DisgustMadeMePost on 05.07.15 at 3:05 pm

I don’t know a lot about how corporations run. This is true. Clearly a corporation must make money or it wouldn’t exist or employ. But it strikes me that 134.9 per litre that i had to pay the other day is pure corporate greed.

I do agree with a previous post that mentioned higher corp tax would just be passed on to the consumer. Could there be a way to tax fairly (disclaimer:what is this?) without killing the corporate world or burdening Joe Ave to death?

#283 prairiboy43 on 05.07.15 at 3:05 pm

How will we remember Jim Prentiss? He is part of Political History.

#284 prairiboy43 on 05.07.15 at 3:14 pm

https://www.youtube.com/watch?feature=player_embedded&v=8FpYC_TGm6M

#285 prairiboy43 on 05.07.15 at 3:22 pm

Alberta needs to get Mean/Greedy. With Everyone. (Business, Canada, Etc).

#286 CalgaryRocks on 05.07.15 at 3:24 pm

#274 [email protected] on 05.07.15 at 1:50 pm
It’s all the poor peoples fault! Tax the poor! Damn commies just want a handout on the backs of hard working stand up corp citizens like Exxon and bp, they just wana make money so thy can hire more people and pay higher wages.

You can be poor because you have health issues or other issues that stop you from contributing fully. Society can help you then. Canada does a lot in that regard.

If you are poor because you are lazy, stupid or not motivated, then this is not society’s problem. It’s yours. Even the NDP won’t make you ‘not’ poor, regardless of how much they steal from everybody else.

#287 Ken Lovegrove on 05.07.15 at 3:27 pm

The problem with the NDP is that essentially you now have a bunch of people running Alberta that have never worked in business or the commercial sector. Were not the NDP a disaster when they ran BC? Maybe they will prove people wrong but the signs have never been good.

#288 CalgaryRocks on 05.07.15 at 3:29 pm

#285 DisgustMadeMePost on 05.07.15 at 3:05 pm
I don’t know a lot about how corporations run. This is true. Clearly a corporation must make money or it wouldn’t exist or employ. But it strikes me that 134.9 per litre that i had to pay the other day is pure corporate greed.

It’s not as much corporate grid as all the taxes that you have voted for.

The price in the US is half that, sometimes less than half.

#289 Nagraj on 05.07.15 at 3:36 pm

Dear Conservative and conservative Canadians:
Canadians HATE you. Go and eat worms.

#290 Foolish Ostrich on 05.07.15 at 3:43 pm

Most people would agree that diversifying Alberta’s economy is a good thing.
I’d say let’s give the NPD a chance.

#291 Foolish Ostrich on 05.07.15 at 3:46 pm

#290 Ken Lovegrove on 05.07.15 at 3:27 pm
The problem with the NDP is that essentially you now have a bunch of people running Alberta that have never worked in business or the commercial sector. Were not the NDP a disaster when they ran BC? Maybe they will prove people wrong but the signs have never been good.
———————-
Some of the best Hockey coaches and managers were never good hockey players.
Example Gretzky.

#292 Bottoms_Up on 05.07.15 at 3:51 pm

#291 CalgaryRocks on 05.07.15 at 3:29 pm
—————————————————–
Sure there is tax, but there is also greed.

Why is it that we have ‘for profit’ banks and insurance companies, sucking billions of dollars out of the pockets of hard-working Canadians?

Sure some of that money works it’s way back into the economy, but it is serving to make the rich richer.

When the rich get richer, and the middle of the pack struggles to stay afloat, it becomes time for someone to pay.

Guess who can afford to pay?

Do you have any idea how many Canadians work for the banks? — Garth

#293 Bottoms_Up on 05.07.15 at 3:52 pm

#290 Ken Lovegrove on 05.07.15 at 3:27 pm
——————————————————-
How much does that matter, when the track record is that ‘people with business experience’ squandered billions in royalties, and took advantage of the public coffer???

#294 burden on 05.07.15 at 3:55 pm

So, burden businesses more. See what happens. — Garth

———

Basically the same as if you burden more T4 income.
At the end of ALL supply there is human consumption.

At the focus of all political fight is that which economic actor covers what percentage of the tax that the state needs and will collect, one way or an other.

#295 Holy Crap Wheres The Tylenol on 05.07.15 at 3:58 pm

#265 Smoking Man on 05.07.15 at 1:10 pm
Bad week for the NEOCONS, they go down in flames to commies of all people , and today we Welcome Back Kadhar.
UK are counting votes, necons in limbo.
Wondering how many times Harpo used the F word this week.. Is his remote smashed to pieces.?
_______________________________________________
Kadhar and his whole lot are a real piece of work!
I don’t give two hoots if hes a born Canadian he is still a convicted criminal.

Mr. Harper probably said F,F,F,F,F,F,F commie pinko #$%$% what an idiot Prentice and his advisers are. Holy shit four years of NDP. Wait hold on a minute didn’t Ontario try that shit before??????? Oh there’s hope!

#296 RedDeer1 on 05.07.15 at 4:01 pm

Axehead #282

Nope. Don’t work in a union. Actually have never been much of a fan but they are unfortunately a necessary evil for parts of this dog eat dog society. If WR had moved alittle more to the center they might have had a shot, but the floor crossing caused too much damage to their credibility. If Mr. Prentice had given even a 1% shot to the corporate tax he might not have gotten smoked by an orange bullet train.

I had actually just gotten poorer under Mr.Prentice. You must have enjoyed his fees, gas-tax increase, Health Tax, etc. but that is fine. We all now have a new government with fresh ideas. Whether you like it or not Alberta has decided to move forward with orange this time.

#297 Holy Crap Wheres The Tylenol on 05.07.15 at 4:03 pm

I used to like this show!
Welcome Back Kadhar!
https://www.youtube.com/watch?v=Mmm3KTa601s

#298 CalgaryRocks on 05.07.15 at 4:04 pm

#292 Nagraj on 05.07.15 at 3:36 pm
Dear Conservative and conservative Canadians:
Canadians HATE you. Go and eat worms.

The hate comes from envy. So, then, who cares.

#299 any idea on 05.07.15 at 4:11 pm

Do you have any idea how many Canadians work for the banks? — Garth

—-

Exactly as many, as banks need to cover their need for labor.

The same way, as bank buy as much electricity, hardware, etc. as they need for their operation.

Buying goods, services and labor is exactly the same in economic perspective.

Someone along the way invented that buying labor should be called “job creation”, this way the cost of labor may qualify for corporate welfare subsidy.

It is really not that complicated.

#300 CalgaryRocks on 05.07.15 at 4:14 pm

#295 Bottoms_Up on 05.07.15 at 3:51 pm
#291 CalgaryRocks on 05.07.15 at 3:29 pm
—————————————————–
Sure there is tax, but there is also greed.

Why is it that we have ‘for profit’ banks and insurance companies, sucking billions of dollars out of the pockets of hard-working Canadians?

Remember that your biggest monthly expense (employed people only) is your income tax and after that, probably your mortgage and rent.

So, tell me again, who is sucking money out of the middle class’ pockets?

And you think Canada has a problem with taxes being too low?

#301 Preacher on 05.07.15 at 4:19 pm

#41 NoOneOfConsequence

It’s called voting for a minority gov’t.

#302 rosie "moving forward" in the knowledge that, "this won't end well" on 05.07.15 at 4:25 pm

Some of these folks may be in need of a financial advisor, kinda like the GM guy the other day.

http://www.theglobeandmail.com/news/alberta/payouts-to-defeated-retiring-alberta-politicians-could-cost-13-million/article24301492/

#303 [email protected] on 05.07.15 at 4:34 pm

So burden citizens more?

Corps use the roads police courts hospitals and schools they benefit from all the things tax pays for in society therefore they have to pay their for sure. Your bankrupt trickle down raegan/thatcher theories have been proven wrong by what is becoming a hollowed out middle class. Keynes and Friedman were wrong stop spewing their bullsh”t

#304 Oot der Hoos on 05.07.15 at 4:42 pm

The saying is more like this:

If you are liberal when you are young it is because you are bragging about having a heart. If you not conservative when you are older it because you are too brain-dead to understand almost everybody has a heart and you can quit bragging about it.

#305 Smoking Man on 05.07.15 at 5:01 pm

#298 Holy Crap Wheres The Tylenol on 05.07.15 at 3:58 pm
…..
On Kahdar

I’m Glad he’s out, I know it will piss off McCain. War hawk. Obviously spending all that time in a Viet Cong hole messed up his brain.

Guy loves to send other people’s kids to fight in wars that make no sense.

Just an other little guy with short man syndrome.

Oh John,,, he’s free……ha ha…

#306 CalgaryRocks on 05.07.15 at 5:13 pm

#306 [email protected] on 05.07.15 at 4:34 pm
So burden citizens more?

Corps use the roads police courts hospitals and schools they benefit from all the things tax pays for in society therefore they have to pay their for sure. Your bankrupt trickle down raegan/thatcher theories have been proven wrong by what is becoming a hollowed out middle class. Keynes and Friedman were wrong stop spewing their bullsh”t

Actually Albertans enjoy a high standard of living, with high salaries and low taxes, so I’m not even sure what you are talking about.

The bankrupt provinces have been run by the NDP and Liberals for years.

#307 Blogbitch on 05.07.15 at 5:29 pm

Over 305+ comments? You got the dog pack riled up with this one, Garth.

#308 Josh in Calgary on 05.07.15 at 6:00 pm

#283 Randall on 05.07.15 at 2:53 pm,

“Why does Alberta only get $4 a barrel when Alaska gets $40?”

Very simply it has to do with the price one gets for the oil and the cost to extract it. You can’t do a simple apples to apples comparison. If you layer on too much for royalties then there is no incentive for oil companies to risk capital to drill wells and complete projects. In that case you get $0 because you extract nothing.

Also, keep in mind Alberta sells the right to extract oil in terms of leases. Those leases go for millions of dollars as well and that’s often before any oil has been discovered or proven profitable.

Much of our oil sands pays a very low royalty rate before the project has paid out. But the provence still benefits greatly by all of the employment and income tax revenue that generates.

It’s a very complex equation. I agree with the NDP that you need to review it from time to time to make sure it’s still working, but if you get it wrong (like Stelmach did) you can drive business away fast. Also if you create the impression that royalty rates can change on a whim that will create uncertaintly … which drives business away fast. Royalties are just one way we benefit from oil and gas. Employment and income tax generates a lot as well so you have to be careful not to try to generate an extra $1 in royalties only to lose $2 in income tax.

#309 Nosty, etc. on 05.07.15 at 6:18 pm

#256 Bottoms_Up on 05.07.15 at 12:46 pm — “NOT “for corporations, by the people.”

In an ideal, fully functioning world, yes but this will never be an ideal, fully functioning world. It is not designed to be one. Check this out. Sheeple are expendable, corporations and profits above all.

#310 Entrepreneur on 05.07.15 at 7:08 pm

B.C. Liberals have put our province in the highest deficit in history according to our local newspaper.

Notice Premier Christy Clark is now starting to talk about the eight points that the pipeline has to pass since Alberta changed to NDP.

Liberal party saying about building a hospital in our V.I. area for years now. Election time their might give us more “we will.” The roads are run down, a lot of holes and people are living pay cheque to pay cheque.
Child poverty in B.C. is one of the highest in Canada, that says it all.

#311 Bill on 05.07.15 at 10:47 pm

Tax tax tax tax tax F me the hidden taxes in this country. I run a company and had a few….F sick of these taxation pigs that do nothing..remember GST temp tax….6K a month for me.

#312 Pissed off on 05.08.15 at 12:30 am

Wrote a long, thoughtful comment and got cut off midway. Is Garth censoring for something other than racism/sexism/etc. Pehaps showing him that his “economics” is out-of-date”

Whatever you wrote, you did not submit it. — Garth

#313 Pissed off on 05.08.15 at 12:34 am

Guess he can do what he wants on his own blog, but it’s Harperish.

#314 Lotus YVR on 05.08.15 at 8:26 am

OMG…BTW…
Just learned that a friends relative, a cabinet minister in the PC party just got ousted by the NDP and now has lost his 220,000. annual income.
Poor guy, just might have to find a real job.

No Alberta provincial politician was making $220,000. But Rachel Notley will be earning $207,000. Yes, that puts her in the 1%. — Garth

#315 Edmonton guy on 05.08.15 at 11:10 am

Hi Garth,
I’ve seen your comments about it’s not good for business that Alberta has voted in the NDP. And I see that your talking about all the taxes from the 1% in Canada. But, you have to admit that Alberta has the lowest taxes on the 1% anywhere in Canada or The USA. I voted NDP, because I feel that their is enough money bled out of Alberta with transfer payments that we can’t afford to have a Bay Street Banker running out province putting profits before the people of Alberta. They forgave over 13.5 billion dollars that they should have collect to CEOs from huge multinational oil companies could cash out! Many retired at an early age during the boom.

In the meantime I was born, raised and live in Alberta for over 40 years, and can not even get a family doctor for the past 10 years! I have often had to wait 5 hours to see a doctor. In addition I have lived downtown Edmonton for about 25 years, I work DT too. I love my job, I love the rivervalley. But the last few years has become very scary downtown. Even people visiting from larger cities like NYC, or Toronto cannot believe the huge homeless population, and they are so gritty. We have about 500 less beds in Hospitals and mental institutions then we did 30 years ago & we’ve seen a massive population growth in the last decade.

Alberta voted a woman that cares, she’s given us hope. Because as amazing as Alberta looks on paper, we’ve really gone to hell in a hand basket under The Conservative Regime. I think that having Ralph Klein’s own daughter public supporting the NDP, even posting YouTube videos urging us to vote NDP, is how bad it’s gotten. $4.85 (the average the last 3 years that Alberta has taken) per barrel of oil isn’t sustainable with the environmental & social damage its done!

#316 Lotus YVR on 05.08.15 at 12:15 pm

Cabinet Ministers… I did say Cabinet Minister…not MLA
CBC News: Edmonton Feb.04 2015
http://www.cbc.ca/news/canada/edmonton/alberta-mlas-accept-5-wage-rollback-1.2945387
“The pay of MLAs will now be just over $127,000 a year. Prentice will earn $207,000 and cabinet ministers will make nearly $191,000.”