Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we’ve taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
I can assure you it makes a fuck tonne of money that is squandered on process. I’ve worked for the feds and I always hear the “government efficiency” jokes from my coworkers. I always make a point to tell them how much faster the government processes were at finalizing similar initatives compared to anything I’ve seen in industry. They usually don’t believe me but it’s true. This is at 1 engineering firm, 1 survey firm and various midstream / upstream operators. Calgary thinks its gods gift to productivity but they exist in a bubble when compared to the competitive nature of Ontario firms for other induatries, especially when you compare technology utilization.
so that you can feel good about yourself while doing nothing to prevent climate change.
[citation needed]
Denying that we can do anything about climate change, is just the modern form of climate change denial.
Don’t be a selfish whore who will destroy their own fucking planet because it’s the laziest path to economic productivity.
You want to know what a path to be poor is? Paying trillions of dollars to mitigate the effects of climate change.
Alberta has pissed away all of its oil wealth on “low taxes” that have bought it literally nothing but billions in oil well debt, meanwhile Quebec pooled and saved a tiny portion of that amount in its public retirement funds, and turned that into one of largest sovereign wealth funds in the world.
Like I said, Alberta needs to shut it’s fucking mouth and diversify its economy rather than whining and bitching like the oil and gas puppet that it is.
I understand Saskatchewan’s complaints about the auto tariffs against China causing their agricultural exports to suffer and that not being fair, but Alberta has had every opportunity at every turn, has kept electing piss poor PC governments no matter how much money they blow, and has then whined like a fucking child to the rest of the country at every turn about their own incompetence.
Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we’ve taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8
Haha…hahahahahha…hahahha efficient. Buddy I work in oil and gas, it’s not efficient.
Its worker productivity and margins, oil and gas is very efficient relative to manufacturing or farming. Look at transfer payments.
Margins are only high when you externalize so much of the costs to the public and state.
Well Alberta doesn’t even pay a PST, I can’t see how that can be the case.
I can assure you it makes a fuck tonne of money that is squandered on process. I’ve worked for the feds and I always hear the “government efficiency” jokes from my coworkers. I always make a point to tell them how much faster the government processes were at finalizing similar initatives compared to anything I’ve seen in industry. They usually don’t believe me but it’s true. This is at 1 engineering firm, 1 survey firm and various midstream / upstream operators. Calgary thinks its gods gift to productivity but they exist in a bubble when compared to the competitive nature of Ontario firms for other induatries, especially when you compare technology utilization.
[citation needed]
Denying that we can do anything about climate change, is just the modern form of climate change denial.
Don’t be a selfish whore who will destroy their own fucking planet because it’s the laziest path to economic productivity.
You want to know what a path to be poor is? Paying trillions of dollars to mitigate the effects of climate change.
Alberta has pissed away all of its oil wealth on “low taxes” that have bought it literally nothing but billions in oil well debt, meanwhile Quebec pooled and saved a tiny portion of that amount in its public retirement funds, and turned that into one of largest sovereign wealth funds in the world.
Like I said, Alberta needs to shut it’s fucking mouth and diversify its economy rather than whining and bitching like the oil and gas puppet that it is.
I understand Saskatchewan’s complaints about the auto tariffs against China causing their agricultural exports to suffer and that not being fair, but Alberta has had every opportunity at every turn, has kept electing piss poor PC governments no matter how much money they blow, and has then whined like a fucking child to the rest of the country at every turn about their own incompetence.
That comment was fantastic. Were this Reddit, I would shower you with gold.