What is your opinion on R-star?Nope. Character is manufactured. Both leaders suck because of what they have done. Smith demonstrated poor judgement with the 2014 floor crossing and pointless Soverienty Act. Notley increased public sector headcount during a recession, raise corporate income taxes, imposed more restrictive labor legislation, incurred $2B on PPAs handed back to the Balancing Pool and another $2B on rail for oil contracts. Political leadership in general was been awful.since the rise of social media.
I guess we will have to disagree that a program that DS has advocated for for years and has implemented a pilot program +under a different name to be clever) for since she's been in office is more than an idea. But it perfectly illustrates why character matters. Do I believe DS will implement every idea she's spewed over the last 5 years? No, half of them probably aren't allowed by the charter, but I am sure that whichever programs she does implement won't be be beneficial to anyone but private interests (enriching her friends) and special interest groups (TBA) that got her I to power in the first placeBad idea and at this point only an idea.
Jeromy Farkas, surprisingly, put it pretty succinctly.Smith has been signing contracts with raises for unions. The last raises for those unions were under the PCs after Redford and before Prentice.
I’m not sure your conclusion matches with reality.
have to account for an oil price collapse in there. Anyways, Leach from UofA calculated a change in corporate tax rate changed the break even point for a new oil sands project by 30 cents or so a barrel.a 20% increase in the tax rate that did not actually raise revenue.
An odd metric to measure a tax that affects every sector of the economy.have to account for an oil price collapse in there. Anyways, Leach from UofA calculated a change in corporate tax rate changed the break even point for a new oil sands project by 30 cents or so a barrel.
Trying to wish away that oil prices rules everything for us is folly.
I don't believe the provincial government has much control over interest rates nor inflation. These are also generally constant from jurisdiction to jurisdiction - so not really relevant to the discussion whatsoever.the change in the hurdle rate is just pretty small, compared to the changes the same investments have to mitigate against with interest rates, exchange rates, and general inflation.
In chatting with some finance folks over the long weekend who are also fed up with the UCP, sounds like this may be a dealbreaker for a fair few in Calgary. It's actually the only time I've heard the election come up in conversation. Odd!Though I would prefer corporate tax rates to be zero, it is an odd thing to hold out as a deal breaker imo.
I was preparing myself to vote NDP for the first time ever until they came out with their fiscal plan with this 38% corporate tax increase. I had hoped that them bringing in Hirsch would have mitigated the financial and economic naivety that is the NDP's main weakness. Things are going very well economically right now, why even take the risk of making fundamental fiscal changes?
They did the same thing in 2015 - a 20% increase in the tax rate that did not actually raise revenue. Now they are proposing the same thing again expecting a different result - it's absurd.
Corporate income tax rates have an immediate and material impact on after tax cashflows and consequently the IRR for every capital investment project in the province. Capital is mobile, and capital budgeting does not occur in a vacuum - so an increase such as this will have a destructive impact on capital spending. You are correct in that the extent of this impact can be masked or magnified by wider economic trends, however the impact on IRRs is simple math.