Quote:
Originally Posted by Doug
It would take ~15% PST on top of the existing 5% GST to come close to balancing the budget, assuming no leakage (ex. higher rates forcing more transactions underground). Even without a PST and a poor economy, AB still brings in more revenue per capita than do other provinces. The mess that the NDP inherited is huge overfunding of health and especially education and infrastructure. To close the budget gap, all AB needs to do is lower per capita spending to BC levels. No one has yet to justify the rationale for AB's overfunding and the tangible benefits enjoyed by its residents.
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Thank you for stating the obvious! I don't mean that in a snarky tone, I really mean thanks. I've been trying to tell people that Alberta's problem is not just low revenues, but high spending. Hell, the BC premier mentioned it, and everybody freaked out, but she was right.