Smoke and Mirrors
Smith claims that Norway is now self sustainable on the interest of its “Heritage Fund”…accumulated from O&G taxes.
Yes…it is
SHE NEGLECTS TO TELL YOU THAT NORWAY TAXES O&G…wait for it…
78%
Yes…78%
Let’s do THAT,
@Alberta_UCP
@rodmaldaner
@Alberta_UCP
A lot easier to build it up with taxes at 78%. Meanwhile UCP keep CUTTING O&G taxes and giving them our royalties to clean up. Pretty easy to see how the Cons got us here.
@Cdn_Dissident
@Alberta_UCP
Why? Maybe the Cons shouldn’t have continued to give away our royalties over the decades. Norway gets 78%. We get 8%. AND we pay their cleanup. Cons got taken. Hugely.
@MargTokar
@Alberta_UCP
Albertans have been totally screwed by cons. We gave away our oil for a pittance and now we have to pay to clean up the mess. This fact alone should end con rule in Alberta but is doesn't and it won't because...aarrrrrgg!
@MargTokar
@Alberta_UCP
ABSOLUTELY! Sounds like a GREAT IDEA!
But she WONT!
Instead the UCP/TBA are,
Using the PUBLIC SECTOR FUNDING,
given to AB, for
ESSENTIAL SERVICES, by the Federal Government,
are NOT GETTING, to the, PUBLIC ESSENTIAL SERVICES
Smith is using PUBLIC $ for PRIVATIZATION!
WTF AB?
@MargTokar
@Alberta_UCP
WTF?!?! The Heritage Fund established in 1976, Peter Lougheed established the fund to finance economic diversification and cultural and social development in the province. 1976!!!!! It has been mismanaged by CONSERVATIVES for over 40 years!!!!!!!
@ABDanielleSmith
@MargTokar
@Alberta_UCP
Typical Marlaina PantsOnFire.
Provides only the details that suit her mission while forgetting to include the math that doesn’t work.
@MargTokar
@Alberta_UCP
You forgot to mention that Alberta conservatives have spent all of their Heritage Fund which Norway successfully copied & have appropriately grown to a very big number. Alberta would rather not save for a rainy day, knowing the evil & handy federal government would bail them out
@MargTokar
@Alberta_UCP
And all the taxes collected by the govt of Norway goes into satisfactory funding of public services. Common wealth for the common good.
@ABDanielleSmith
would rather choke than properly fund public services.
STOP THE UCP!
@MargTokar
@Alberta_UCP
Alberta taxes are the lowest in Canada by $20 - $30 billion/year.
With tax rates like other provinces Alberta can significantly increase the Heritage Fund & embrace world 🌎 class healthcare & eduction systems.
Without it Albertans are doomed to poor services.
#ableg
#abpoli
@MargTokar
@Alberta_UCP
“The fund was established in 1976 accruing 30 per cent of provincial non-renewable resource revenues, which was subsequently lowered to 15 per cent in 1983 and eliminated in 1987.”
Imagine what the fund would be worth now had the PCs had not screwed with it!