Quote:
Originally Posted by Doug
It would take a PST of 12% top of the 5% GST to overcome AB's current borrowing requirements.
Do you think BC or ON have deficient services? AB could almost balance its budget by cutting spending to BC levels and would enjoy a surplus with drastic cuts to match ON levels.
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Lets look at this with some actual data:
Alberta GDP 2018 $302.8B
Alberta Gov't Spend 2018 $56.2B
Alberta Gov't Spend as % GDP 18.6%
BC GDP 2018 $240.8B
BC Gov't Spend 2018 $53.6B
BC Gov't Spend as % of GDP 22.3%
Seems to me to match BC government spending levels we would need to
increase spending in Alberta.
Given that tax revenues are obviously directly related to the size of an economy, your line of reasoning is not particularly valid.