Socialist Revolution in Canada

[lars573]

And that misery will get spread around. What with a fair chunk of oil workers being temporary. Only working and acutally living, well, here. So it'll NS/NFLD/NB social safety net that get strained too by lower oil prices.

Western Australia is in a similar situation with the iron ore prices plummeting. Seems they were spending all the income and not saving or investing in different revenue streams.

Really shows putting all your economic bets on something a potentially volatile as commodities is stupid and short sighted.

At least in says it is one income tax and GST (VAT) system across Australia.

Oh we got one of those too. But it's relatively small (5%), and the provincial ones are double (or more) that on average. And Federal taxes are actually more significant that provincial ones.

[HopAlongBunny]

The NDP will get to wear the downturn.
Albertans will want improved services w/o an increase in taxes; the infrastructure that couldn't keep up during the boom, will not get built because we are in a downturn; We will learn (at the very least) whether Albertans understand that services cost money that they will have to pay for.

[HopAlongBunny]

A reasonably clear-headed look at the challenge the NDP faces.
The cupboards are bare, and a downturn certain; they will be the face of our disaster...even though the train wreck started years ago :)

http://www.theglobeandmail.com/repor...ticle24495372/