On Guard for Thee Posted June 19, 2015 Report Share Posted June 19, 2015 The deficit was, according to the preliminary numbers, essentially gone in 2014 - 2015. And its phony. After what, 7 or 8 back to back deficits, they claim to have a balanced budget by selling off our stocks in GM at a loss, and robbing the rainy day fund of 3 billion. Well they had to come up with something, somehow, heading into an election year. Quote Link to comment Share on other sites More sharing options...
Smallc Posted June 19, 2015 Report Share Posted June 19, 2015 (edited) And its phony. Last year...it was basically gone last year. After what, 7 or 8 back to back deficits, they claim to have a balanced budget by selling off our stocks in GM at a loss, and robbing the rainy day fund of 3 billion. All of those things are legitimate. The GM funds needed to be sold eventually and there is no rainy day fund other than in your imagination. Well they had to come up with something, somehow, heading into an election year. I think most people are happy paying less tax. I know I am. Edited June 19, 2015 by Smallc Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted June 19, 2015 Report Share Posted June 19, 2015 When did you decree there shall no longer be a contingency fund? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted June 19, 2015 Report Share Posted June 19, 2015 let the rage flow through you...Yeah, it does make me angry when people in positions of power take advantage of children. It also makes me angry when people like you give them a pass because they're on your favourite team. But hey, it's prerogative if you want to make excuses for men who exploit children. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted June 19, 2015 Report Share Posted June 19, 2015 You mean the one that's gone?Is he planning on selling more GM stock or raiding EI again next year if he's elected? Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted June 19, 2015 Report Share Posted June 19, 2015 Last year...it was basically gone last year. All of those things are legitimate. The GM funds needed to be sold eventually and there is no rainy day fund other than in your imagination. I think most people are happy paying less tax. I know I am. I guess you are correct, the name the government uses is the contingency fund. You know, the one Flaherty said he would never touch to simply balance a budget, and the one Oliver dipped into to the tune of 2 billion to help balance Harper's one and only such budget. Quote Link to comment Share on other sites More sharing options...
Smallc Posted June 19, 2015 Report Share Posted June 19, 2015 Different ministers have used different rules. At the end of the day, the budget would have been balanced with that money anyway Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 Millions of illiterate Pakistanis.... There you go down that road again that tends to elicit comments you don't like. Anyway, as already explained, we need immigration to maintain our population. Otherwise who will pay the bills when we are all needing healthcare. The NDP party lists as the first plank in their immigration platform is recognition of foreign professionals. And family reunification is simply a tenet of the Canadian psyche we are honoured for. The literacy rate in Pakistan is pretty low - in their own language. What do you think their literacy in English is? And the fact is if you drop the education, language and job skills requirement the people who are going to flood forward are the ones living in the most miserable shitholes out there - places like Pakistan - who have relatives here. And you have once again failed to address the question. Even if one accepts that we need a lot of immigrants 'to pay our bills' why would you decide to shift your priority from taking skilled immigrants who have needed educational and language abilities to simply - relatives, who are not assessed for language, education or job skills? Give me one way in which this is better for Canada. In fact, show me how this is not very obviously much worse for Canada. Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 Maybe not, but at least the fair share will stay here. No, it won't. Corporations are taxed on profits. If the money is shipped overseas, say to pay for goods bought by wholly owned subsidiaries, then there's no profit to tax. Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 Hah, I thought I was rubbing your nose in your bitching about immigrant families. I'm not in the job market. And if I was, it wouldn't be a low skilled job. The people who are going to be most upset at a flood of unskilled newcomers are going to be Canadians with low job skills trying to eke out a living now. They'll see lots more competition for those jobs from desperate people who'll take anything at any price. And of course, the NDP government will have to divert money it might otherwise be spending on fisheries workers to help settle and pay for the upkeep of all those hundreds of thousands of immigrants on welfare. Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 The reason they are here in the first place is our natural resources. You ca xfer money with the click of a mouse button. Not so with a forest or a mine. What are the resources worth if you can't extract them at a decent profit? Everything the NDP is proposing seems to be aimed at ensuring the resource sector can't operate at a profit. Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 Hewers of wood and fetchers of water will be one of the few forms of employment left in a Socialist Canada.........And you're misunderstanding your own point, corporations process less resources in Canada because it doesn't currently make economic sense to do so.......and your solution, and that of the NDP, is to make Canada less competitive........ You don't build a refinery there because it's more efficient to build them near where the refined goods are going to be used. If you refine them in Alberta then you need separate pipelines to ship out all the different grades of oil and gas. Can't ship Diesel and regular and premium and avgas and home heating hole and all the rest in the same pipe, you know. Likewise if the intention is to export overseas its far more sensible to put the raw stuff into a tanker and ship it to Japan or China for refining then refine it here and then put it into a dozen different tankers for shipment. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted June 19, 2015 Report Share Posted June 19, 2015 No, it won't. Corporations are taxed on profits. If the money is shipped overseas, say to pay for goods bought by wholly owned subsidiaries, then there's no profit to tax. The fair share I am talking about is appropriate royalties on natural resources. Cant ship that offshore. Quote Link to comment Share on other sites More sharing options...
Argus Posted June 19, 2015 Report Share Posted June 19, 2015 The fair share I am talking about is appropriate royalties on natural resources. Cant ship that offshore. No, and if you increase the royalties too much so that these corporations can mine ore more cheaply in Indonesia or log and sell wood products at a higher profit in Brazil, that is what they will do. Our resources are not unique to Canada, and getting at them already entails massive bureaucracy and endless consultation and protests with and by natives. They don't face those issues in Brazil or Indonesia. Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted June 19, 2015 Report Share Posted June 19, 2015 Different ministers have used different rules. At the end of the day, the budget would have been balanced with that money anyway So selling off taxpayers GM stake at fire sale prices was prudent financial management? This GM selloff also removed any possible leverage the gov't had over GM's Canadian plant closures - days after the selloff GM announced closure of it's Ontario Camaro assembly plant (goodbye to another 1,500 high paying jobs). How financially responsible was that? How about draining the nations contingency/emergency fund to satisfy a political promise - how responsible was that? The myth of sound Tory financial management is just that, a myth. Quote Link to comment Share on other sites More sharing options...
Smallc Posted June 19, 2015 Report Share Posted June 19, 2015 There's no national contingency fund. I don't know where people get this idea. It's just an imaginary financial buffer built into the budget - and GM was not even close to a fire sale price. Quote Link to comment Share on other sites More sharing options...
Vancouver King Posted June 19, 2015 Report Share Posted June 19, 2015 Yet another high profile Conservative cabinet minister announces he's not running - Industry Minister James Moore has had enough. Another nail in the coffin? Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted June 19, 2015 Report Share Posted June 19, 2015 There's no national contingency fund. I don't know where people get this idea. It's just an imaginary financial buffer built into the budget - and GM was not even close to a fire sale price. Just an imaginary 3 billion, 2 billion of which was used to imaginarily balance a budget. Ever wonder why there was a delay in the budget...quite likely so the sale of the GM stocks could be used in the 2015-16 fiscal year, and oh btw, we took a few billion dollar hit on that sale as well. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 20, 2015 Report Share Posted June 20, 2015 You don't build a refinery there because it's more efficient to build them near where the refined goods are going to be used. If you refine them in Alberta then you need separate pipelines to ship out all the different grades of oil and gas. Can't ship Diesel and regular and premium and avgas and home heating hole and all the rest in the same pipe, you know. Likewise if the intention is to export overseas its far more sensible to put the raw stuff into a tanker and ship it to Japan or China for refining then refine it here and then put it into a dozen different tankers for shipment. Exactly, furthermore, there is plenty of refining capacity worldwide, and no economic reason for energy companies to have duplicate operations.... Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 20, 2015 Report Share Posted June 20, 2015 Exactly, furthermore, there is plenty of refining capacity worldwide, and no economic reason for energy companies to have duplicate operations.... And that's why we're paying through our asses now to fill up our cars (1.20$/L in southern Ontario) conservatives right now are deadly silent about the high cost of gas when oil is still trading sow low! WWWTT Quote Link to comment Share on other sites More sharing options...
WWWTT Posted June 20, 2015 Report Share Posted June 20, 2015 Just an imaginary 3 billion, 2 billion of which was used to imaginarily balance a budget. Ever wonder why there was a delay in the budget...quite likely so the sale of the GM stocks could be used in the 2015-16 fiscal year, and oh btw, we took a few billion dollar hit on that sale as well. Absolutely terrible managers of the Canadian economy!! Sooner the conservatives are gone, the better! 50 seats for them would be a slap in the face for every hard working Canadian! They deserve only 25 tops! WWWTT Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 20, 2015 Report Share Posted June 20, 2015 And in today's EKOS/NDP polling: The NDP continues to hold on to an insignificant lead, but they have been brought back to Earth by the return of Gilles Duceppe in Quebec and a mild revival of Liberal and Conservative numbers. This week’s poll offers some encouraging news for the Liberals in the form of a mild rebound, possibly linked to the major announcements of earlier in the week. This rebound has left the Liberal party just five points out of the lead, half the distance they encountered last week. Furthermore: According to this poll, the NDP are exactly where they started the day after the last election..........and the Tories/Liberals/Media/Business/Economists etc haven't even weighed in yet........as so goes the Prime Minister Mulcair dream And to add: The brief ascent of the NDP in Ontario has halted and the Conservatives now have a slight lead, with the NDP and Liberals tightly bunched at 30 and 27 points respectively. This is a potentially major development in favour of the Conservatives, who — if these numbers persist — could now win many more seats with slender pluralities due to vote-splitting on the center-left. And EKOS polls the Tories low......as I've been saying for weeks/months/years, this Fall's result will be a Tory Majority. Quote Link to comment Share on other sites More sharing options...
Evening Star Posted June 20, 2015 Report Share Posted June 20, 2015 You're not following the news I suppose: Well done Alberta NDP......why wouldn't you bend the oil companies over the barrel with higher taxes and increased royalties in an already shaky oil & gas market environment..........jobless Albertans will surely feature in this Fall's election, likewise socialist tax policy. This announcement came the day before the Alberta NDP tabled their bill that includes the income tax changes. As far as I know, they have not made changes to royalties yet. How could they have already been impacting these predicted unemployment figures? Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted June 20, 2015 Report Share Posted June 20, 2015 This announcement came the day before the Alberta NDP tabled their bill that includes the income tax changes. As far as I know, they have not made changes to royalties yet. How could they have already been impacting these predicted unemployment figures? Because they (the oil companies) have known the expected tax hikes, likewise an increase to royalties (any amount will decrease profits) was coming since the election campaign started.......as already stated, in a shaky oil market, a further decrease in the profit margins of Albertan oil, which is already expensive to extract/refine when contrasted with other known sources, will hamper the profitability......... I would expect many of the companies in Alberta to shift resources to their other holdings in more business friendly environments......leaving Albertan oil in the ground for the next four years won't hurt larger oil companies bottom lines..........As I said, the current Albertan experiment with socialism will be a known quantity for this Falls election........ Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted June 20, 2015 Report Share Posted June 20, 2015 Because they (the oil companies) have known the expected tax hikes, likewise an increase to royalties (any amount will decrease profits) was coming since the election campaign started.......as already stated, in a shaky oil market, a further decrease in the profit margins of Albertan oil, which is already expensive to extract/refine when contrasted with other known sources, will hamper the profitability......... I would expect many of the companies in Alberta to shift resources to their other holdings in more business friendly environments......leaving Albertan oil in the ground for the next four years won't hurt larger oil companies bottom lines..........As I said, the current Albertan experiment with socialism will be a known quantity for this Falls election........ Are they gonna try and take the tar sands along with them... Quote Link to comment Share on other sites More sharing options...
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