William Watson: Killing pipelines will kill equalization. The left knows that, right?

OK, so a standard post-election line issuing from the west is that the two-faced easterners who hate our oil and block east-bound pipelines don’t seem to mind getting equalization from us. What isn’t spelled out, but should be, is that if the pipeline ingrates succeed, their equalization will evaporate. But not because the west shuts it off — even if it could .

Well, actually, if your province is getting equalization it’s because its tax base is lower than the national average tax base . But “having a lower tax base” is just another way of saying “poorer.” Some Quebec politicians understand this and say their aim is to get Quebec’s economy to a point where it no longer receives equalization. In the meantime, though, while they go about that, they don’t volunteer to give up the payments.

If Alberta does crash, so long as it doesn’t crash all the way down to the economic level of PEI, say, that reduces equalization. When provincial incomes are all closer to each other, the formula generates less equalization, as it should. If provinces all have pretty much the same tax capacity, it doesn’t take much federal spending to equalize their tax capacities.

They will find out

So?

They don’t have a clue!! Cut them off and they will learn.

Poppycock!!!!

Killing pipelines, or killing new pipelines? This Fraser Institute fellow is speaking from an oil-fuelled perspective and provides a typically shallow analysis.

Unfortunately to most people it doesn’t matter until it does 😔

Killing pipelines would also kill the main funders of the National Post. If we’re being honest here.

Killing pipelines will 'kill the country' , I can't help but think, that's the agenda! There's something more 'sinister' at work here, it's not about 'environmentalism', the enviros are being used as 'shills' & 'puppets', what's sad is that they don't realize that!

No, it's a simple change of source of energy. Investment in renewable and exportable energy is a future project for Canada. Alberta may choose to jump on this train or watch it pass. It's his choice.

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