INFINITY SQUARE

COMMENTARY FROM THE RIGHT ON ISSUES OF THE DAY... WORLD EVENTS, NATURAL DISASTERS, MARKET FORECASTS, POLITICS AND MORE.

Friday, January 08, 2016

Canada: Calgary Leads The Way

Calgary was first to vote out Canada's oil barons. Next it was the province of Alberta that rejected traditional Oil and Gas management. A new NDP provincial government chose to impose a 3 billion dollar carbon tax on the oil and gas industry in the midst of an enormous commodity price collapse.

There was still one more shoe to drop. In a recent Federal Election, Canadians rejected Conservative leadership out of Alberta in favor of a Liberal Prime Minister out of Quebec. Our new Liberal Prime Minister has promised a gigantic spending spree, but there is a problem.

As it turns out, tax revenue from the Alberta oil industry was paying most of Canada's bills. Calgary prospered on tax revenue from oil and gas. The province of Alberta lived by its taxation oil and gas profits. At all levels of government Canadians have chosen to kill the golden goose.

I'll bet you voted Liberal.


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