A number of very fine folks that periodically dart out of their hidey-holes, almost as if on cue, were gleeful as they tweeted-up the following Alberta dissing tax graph yesterday:
Which, of course is fiction when you realize the following 'non-tax' aggregate revenue number, as noted by Mr Willcocks in what, in my opinion, was the Tweet of Budget Day (and which appeared well before the Opposition noted the same thing):
So, with that in mind...
There is the fiction of the graph, which we're sure Lotuslandian proMedia members will continue to ignore from now until at least June 1st 2017.
But there is also something else to consider here.
Which is that the backs of rank and file British Columbians that are being continuously being gouged for MSP (and more!) will never take a powder like the Oil, Gas, Mining and Logging Co's. when the going gets tough.
And/or demand massive subsidies on mass if they don't.
Disappear for the duration of the hard times, I mean.
Which also means that things like the MSP Mass Gouge removes that old boom and bust problem that governments around here used to have to live with (and budget for).
The proof of that, in case you are doubtful of such an analysis can be found in the $100 LNG Prosperity Fund pudding pop that pretty much matches in dollar number the extra MSP revenues that will be collected this coming year.
U of Calgary Economics guy Trevor Tombe redrew graph above after adding in MSP....Here. (note, does not include other usurious user fees).