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Old March 25th, 2005, 01:08 AM   #1
big W
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Alberta Surplus to be 10 billion this year. How will this effect the rest of Canada

In the last few years Alberta has rang up surpluses around 6 billion dollars. This year however that surplus is now 10 billion with a projected spending at 22.6 billion. Currently 5 billion is resouce revenue. Say Alberta tossed this resource revenue into the heritage trust fund (thus beefing up this account) which is currently around 15 billion). No added money into the sustainablity fund (the government already paid 3.5 billion into it this year) but decided eliminate personal income tax which accounts for 5 billion And then cut the rates on corporate income tax by half (the government collects 2 billion right now). What would be the reaction from people across Canada. Would we see a further increase in the rate of migration to Alberta? What would the reaction be from other Provincial governments? Would some companies migrate to Alberta? Intresting things to consider.
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Old March 25th, 2005, 01:40 AM   #2
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There would be an increase of migration to Alberta, and an increase of jealousy in the rest of Canada.
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Old March 25th, 2005, 02:03 AM   #3
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Alberta is set for disaster as all of its riches is because of fossil fuels. what will happen when the wells run dry?

but for now, good on Alberta. with this huge surplus, Klein needs to bring back the spending he cutted on social services.
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Old March 25th, 2005, 02:20 AM   #4
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It's good for Canada's economy.
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Old March 25th, 2005, 02:20 AM   #5
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Take the money and build each city, calgary n edmonton, a thousand foot tower designed by todays best architects!!
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Old March 25th, 2005, 02:56 AM   #6
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Quote:
Originally Posted by mr.x
Alberta is set for disaster as all of its riches is because of fossil fuels. what will happen when the wells run dry?

but for now, good on Alberta. with this huge surplus, Klein needs to bring back the spending he cutted on social services.
Alberta already has. In fact Alberta already has teh highest spending per capita in Canada. It has the highest Education spending per Capita and the highest health care spending per capita as well. It also has no debt, no pst as well. It also has said it is going to give a billion for infrastucture for each Edmonton adn Calgary regions and 1 billion for the rest of Alberta.
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Old March 25th, 2005, 03:14 AM   #7
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Quote:
Originally Posted by big W
Alberta already has. In fact Alberta already has teh highest spending per capita in Canada. It has the highest Education spending per Capita and the highest health care spending per capita as well. It also has no debt, no pst as well. It also has said it is going to give a billion for infrastucture for each Edmonton adn Calgary regions and 1 billion for the rest of Alberta.
i could imagine Ottawa wanting to take even more out of Alberta, even more than how it takes all of Ontario's revenues away.
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Old March 25th, 2005, 03:41 AM   #8
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We will all be dead by the time Alberta runs out of oil. It is a misconception that Alberta's oild will run dry anytime soon.

There are upto 300 billion barrels of recoverable oil in the oil sands with today's technology.

What the government needs to do with surpluses is to strategically invest in key areas. Cities should be one.
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Old March 25th, 2005, 03:54 AM   #9
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i could imagine Ottawa wanting to take even more out of Alberta, even more than how it takes all of Ontario's revenues away.
Yep. I have pretty much lost all my faith in this federation. Here we are in Ontario with the lowest per capita expenditure on higher ed and health care out of the 10 provinces and we're running up huge deficits and funnelling all our taxes to Ottawa to squander on buying votes elsewhere. I used to be Canadian first and Ontarian second - not anymore. I wonder what the next Quebec referendum will result in now that the Ontario gov has more or less told the PQ they were right all along. Think I'll send a note to this effect to my MP (Ken Dryden) - whahahaha (like he cares). Well, if the place falls apart, blame the feds.

Last edited by TS1; March 25th, 2005 at 01:51 PM.
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Old March 25th, 2005, 04:09 AM   #10
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if Ottawa takes a reasonable amount of revenue from Ontario, how many billions more would this province have to spend?
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Old March 25th, 2005, 04:15 AM   #11
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Quote:
Originally Posted by mr.x
Alberta is set for disaster as all of its riches is because of fossil fuels. what will happen when the wells run dry?

but for now, good on Alberta. with this huge surplus, Klein needs to bring back the spending he cutted on social services.
Alberta has a couple hundred billion barrels of the stuff, and it continues to diversify its economy.
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Old March 25th, 2005, 04:47 AM   #12
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Quote:
Originally Posted by oceanmdx
Alberta has a couple hundred billion barrels of the stuff, and it continues to diversify its economy.
lol, maybe BC and Sask. and the territories should secretly drill a horizontal underground tunnel to steal the oil from Alberta. perhaps something from one of the Simpsons shows where Burns steals the oil from the school?
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"In medieval Europe if you didn't like somebody's argument and couldn't think of a real response you called them a witch and demanded they be burned at the stake. In the US you call them unpatriotic, and in Canada you call them racist."
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Old March 25th, 2005, 05:22 AM   #13
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Both Sask and BC are have provinces now.
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Old March 25th, 2005, 05:55 AM   #14
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I love Alberta.
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Old March 25th, 2005, 07:03 AM   #15
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Quote:
Originally Posted by josh white
We will all be dead by the time Alberta runs out of oil. It is a misconception that Alberta's oild will run dry anytime soon.

There are upto 300 billion barrels of recoverable oil in the oil sands with today's technology.

What the government needs to do with surpluses is to strategically invest in key areas. Cities should be one.

Precisely, and once technology improves and crude oil prices continue to rise, more of that 1.5trillion barrels will become extractable.
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Old March 25th, 2005, 07:26 AM   #16
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$10 Billion this year eh? Well, that means we should build up the trust fund, and cut taxes!
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Old March 25th, 2005, 09:21 AM   #17
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This is awesome for Alberta! It is also awesome for Canada! I hope it helps migration out west especially in those provinces that are not doing so well! But be careful with the success because as we have found out from Newfoundland other provinces and the feds can get gready! I think what is in Alberta should help the rest of Canada! But I feel that Alberta has earned it! I do not think this sharing of money between provinces is healthy in some respects! It is because if you can get it for free why work! Why move why try! I have heard of places that teach you how to get on UI or welfare! I just feel that is not the way it should be done! Those places that prosper should because they have earned it and not just because of natural resources! If you dont work move! Go to Alberta!
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Old March 25th, 2005, 03:22 PM   #18
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Fantastic. Alberta is on the up and up. Bastards.s
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Old March 25th, 2005, 03:27 PM   #19
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I love Alberta too, specially Calgary
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Old March 25th, 2005, 04:42 PM   #20
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Wow great news Alberta! I am glad to be living next door to you.
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