Thursday, June 21, 2007

What Alberta owes taxpayers

They predicted $4 billion.

But now it's over $8 billion.

Good estimating there!

Why is it called a surplus though? Why can't we call it "the overtaxed amount"? Sure, you could say, "It's everyone's surplus!". Yeah, but it depends what it's spent on. And I think a lot of you can agree that this is the problem.

The Alberta government is raking in the dough, not just from oil revenues (which went down from the previous year), but from income taxes, gambling, and other sin taxes. This is due to the enormous growth and immigration to "Wild Rose Country".

With more people, there's obviously more of a demand on health and other services.

About one billion bucks of that revenue though is from health care insurance premiums, which is a fancy name for "the tax to remind you that health care is actually not free". But as I've said before, these premiums hit lower-mid income single parents over 25 and families pretty hard, and for folks going back to school or training. Those who can't, get collection agencies after them which then hurts their credit (although no credit was really applied for and issued).

As they did with the seniors, now is the time to get rid of it. What's nutty is that you can't even claim it on your income tax, so you're being taxed on it as well.

Politicians are so out of touch with this because they don't see the monthly bill.

After that "health tax" is gone, then we should look at lowering provincial income taxes even further as well as building more schools and hospitals (which I guess they've started doing).

But Alberta roads aren't looking so good lately. Our infrastructure deficit is massive. The QEII main artery highway is in bad shape, not to mention a lack of a ring road around Calgary and Edmonton's being way behind.

But worst of all is the lack of a good highway to Ft. McMurray, where the revenue generated from fuels these surpluses. How about some payback Ed?

I sure miss those $400 Ralphbucks. Edbucks just doesn't sound right.

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