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National Post/Kill Equalization

Discussions about the economic and financial ramifications of PEAK OIL

Re: National Post/Kill Equalization

Unread postby Maddog78 » Sun 09 Nov 2008, 16:28:46

Snowrunner wrote:
Maddog78 wrote:I think I'm going to sell out and buy a cheap house in N.B. and kick back and live the easy life. Part time work and U.I.

This working for a living in the West is starting to suck.


Oh come on admit it, you just want the free money out of Alberta :P



:-D

It's my turn, bwahahaa.
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Re: National Post/Kill Equalization

Unread postby Maddog78 » Sun 09 Nov 2008, 16:36:19

Maybe Peggy the Moocher will move with me?

Peggy the Moocher
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Re: National Post/Kill Equalization

Unread postby Tyler_JC » Sun 09 Nov 2008, 16:45:12

cube wrote:
DaleFromCalgary wrote:Equalization, for the benefit of non-Canadian readers, takes a portion of federal tax money and redistributes it to provincial governments using a have/have not formula that makes the Wall Street derivatives a model of clarity. The idea is to help poorer provinces maintain public services at a common national level.


woah that's a weird system
that would never happen in the USA


I hope you're joking...

Image

Nearly all of the "Red States" collect more in federal benefits than they pay in federal taxes.

In my home state, we only get back 78 cents of every dollar sent to the Federal Treasury. New Yorkers only get 80 cents back.

Alaskans get $1.89 back for every dollar they send in. Remember, Alaska pays extra federal taxes for all of that oil that gets pumped out of the ground.

In the case of Canada, it appears as though the resource rich provinces of Alberta and BC are actually paying more in taxes than they receive in benefits.

What happened?
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Re: National Post/Kill Equalization

Unread postby dorlomin » Sun 09 Nov 2008, 17:55:41

deMolay wrote:Dorlormin had the best explanation of Equalization I have ever seen. Let's say your family lived in New Jersey 50 years ago. Because they did, and they used services there 50 years ago, but you now live in California. It is only fair that you a descendant of New Jersey should continue to pay taxes in New Jersey, because your family lived there 50 years ago. Oh Yah and you had better keep up your taxes in California as well. That in a nutshell is equalization.
I did??? Thats news to me. I just sugested you were clueless to the distinctions between Marxism and bog standard regional allocation of top up funding that takes place throughout the western world. Oh and that equating 50% tax rate with a human rights violation was a hyperbole.
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Re: National Post/Kill Equalization

Unread postby deMolay » Sun 09 Nov 2008, 18:03:42

Yes Dorlormin, you hit the nail right on the head with your explanation. My family left Ontario over 100 years ago after building roads and towns there and paying taxes there. 100 years ago plus they came to Alberta to pioneer again. They build roads and towns here in Alberta. But because they lived in Ontario 100 years ago. Their descendants today in Alberta should still have to pay taxes to Ontario as well as Alberta. Brilliant explanation of wealth re-distribution. Brilliant. I commend you.
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Re: National Post/Kill Equalization

Unread postby dorlomin » Sun 09 Nov 2008, 18:40:24

deMolay wrote:Yes Dorlormin, you hit the nail right on the head with your explanation. My family left Ontario over 100 years ago after building roads and towns there and paying taxes there. 100 years ago plus they came to Alberta to pioneer again. They build roads and towns here in Alberta. But because they lived in Ontario 100 years ago. Their descendants today in Alberta should still have to pay taxes to Ontario as well as Alberta. Brilliant explanation of wealth re-distribution. Brilliant. I commend you.
Please quote or link the quote where I did that.
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Re: National Post/Kill Equalization

Unread postby deMolay » Sun 09 Nov 2008, 18:58:16

Don't be so modest Dolormin. You are brilliant. Best darn explantion I ever heard. You are awesome. I can hardly wait for you to crank out another insight like that. I take back what I said about your education.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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Re: National Post/Kill Equalization

Unread postby dorlomin » Sun 09 Nov 2008, 19:07:17

deMolay wrote:Don't be so modest Dolormin. You are brilliant. Best darn explantion I ever heard. You are awesome. I can hardly wait for you to crank out another insight like that. I take back what I said about your education.
Link or STFU.
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Re: National Post/Kill Equalization

Unread postby cube » Sun 09 Nov 2008, 19:08:43

Tyler_JC wrote:
cube wrote:
DaleFromCalgary wrote:Equalization, for the benefit of non-Canadian readers, takes a portion of federal tax money and redistributes it to provincial governments using a have/have not formula that makes the Wall Street derivatives a model of clarity. The idea is to help poorer provinces maintain public services at a common national level.


woah that's a weird system
that would never happen in the USA


I hope you're joking...

Image
....
no I am not joking.
There is no official system in place that redistributes federal dollars from one state to another.
politics can and do change.
Just because a state received more federal dollars then they contributed one year that does not mean it will be the same next year.

1) For example a state may get hit with a natural disaster and thus receive an unusually large amount of federal aid.

2) Presidential politics is another variable.
Back when Bill Clinton was running for a 2nd term there was a running gag, "Bill Clinton was the best governor California ever had."
Not surprisingly he won California's electoral votes.

3) There may be some transportation / military reason. Imagine Hawaii during WW2...I'm quite sure a whole lot of federal money got poured into that area.

The point I'm trying to make is of course some states receive more then others but it's NOT based on some type of socialistic system where the objective is to even things out. It's done for other reasons. Remember no one has ever accused Americans of being socialists. :-D
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Re: National Post/Kill Equalization

Unread postby deMolay » Sun 09 Nov 2008, 19:23:28

Now Dolormin please don't turn to threats. You are the best. I have already sent links to your lightning bolt of insight to all my friends on the net. Absolutely enlightening moment.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
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Re: National Post/Kill Equalization

Unread postby dorlomin » Sun 09 Nov 2008, 19:29:36

deMolay wrote:Now Dolormin please don't turn to threats. You are the best. I have already sent links to your lightning bolt of insight to all my friends on the net. Absolutely enlightening moment.


Show people where I have said this

deMolay wrote:Dorlormin had the best explanation of Equalization I have ever seen. Let's say your family lived in New Jersey 50 years ago. Because they did, and they used services there 50 years ago, but you now live in California. It is only fair that you a descendant of New Jersey should continue to pay taxes in New Jersey, because your family lived there 50 years ago. Oh Yah and you had better keep up your taxes in California as well. That in a nutshell is equalization.
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Re: National Post/Kill Equalization

Unread postby Snowrunner » Sun 09 Nov 2008, 20:35:01

cube wrote:The point I'm trying to make is of course some states receive more then others but it's NOT based on some type of socialistic system where the objective is to even things out. It's done for other reasons. Remember no one has ever accused Americans of being socialists. :-D


So because it is even less transparent what than what happens in Canada it is something totally different?

The thing I find funny about the US is that it is so adamant about NOT being X (where X is something that pretty much everybody does) that they keep denying it is happen or dress it up in different language when they find out about it.
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