Friday, September 22, 2006

One example of how we are getting robbed.

Norway only got into the oil business about 1986 and has amassed 160 billion dollars in the state fund from oil Royalties. (Article is dated) They charge much more than does Alberta and, the oil companies are still there!

Alberta under the conservatives have turned all the revenue back to the oil companies. And if Dinning is elected as leader of the Conservatives there will be still more going in that direction.

As I reported earlier the oil companies had a holiday from taxes due to a deduction for unknown future losses as well as an outright holiday from the Alberta Government.

The 111 million the Conservatives are going to collect now in taxes is nothing short of window dressing and should not have been given away in the first place. What it really represents is billions of mispent taxdollar.

We should be getting billions more!

Norway has managed to diversify it’s economy. Government is run by the state and, not by the oil companies.

John Clark
cyberclark@shaw.ca
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