- Joined
- Aug 30, 2007
- Messages
- 1,821
QUOTE (mcgregok @ Nov 29 2008, 10:07 AM)
Maybe Mr. Stelmak could spend the massive Heritage fund they are hoarding. I can't understand why a goverment should have a massive saving accout. Alberta business could use the cash to expand. As far as the oil companues go, they have left before then come back a few years later in droves.
They only come back when the economics make sense for them. They are in business to make profits.
By the way - if we had saved more in our Heritage Fund during the good times we could spend some when it rains. Like Noraway has. Last time I saw the numbers they had about 250 BILLION USD in their fund - and after less than 15 years of saving. They have a population about the same as Alberta. And they could now live off the income from their Savings Account - FOREVER. They could eliminate all taxes from their economy - FOREVER. And they did this by budgeting as if there was no oil revenues and only used the oil revenues to fund deficits.
Maybe Mr. Stelmak could spend the massive Heritage fund they are hoarding. I can't understand why a goverment should have a massive saving accout. Alberta business could use the cash to expand. As far as the oil companues go, they have left before then come back a few years later in droves.
They only come back when the economics make sense for them. They are in business to make profits.
By the way - if we had saved more in our Heritage Fund during the good times we could spend some when it rains. Like Noraway has. Last time I saw the numbers they had about 250 BILLION USD in their fund - and after less than 15 years of saving. They have a population about the same as Alberta. And they could now live off the income from their Savings Account - FOREVER. They could eliminate all taxes from their economy - FOREVER. And they did this by budgeting as if there was no oil revenues and only used the oil revenues to fund deficits.