Politics Archives - Page 8 of 12

30Oct

By Bob AscahNo Comments

Budget, Fiscal History, Government Finances, Politics

Alberta PST- ESNA presentation

On Friday 21 October 2022, I made a presentation, along with two collaborators Ian Glassford and Elizabeth Smythe to the Economics Society of Northern Alberta on A Sales Tax for Alberta- Why and How published in June by Athabasca University Press. Here is the link to the Youtube channel of ESNA. Below are my slides for the presentation. Much of the question and answer session had much to do with the question of whether personal income tax is essentially a tax on consumption and why would you need to add another sales tax which is not progressive, unlike the personal income tax. Of course the progressivity of personal income tax is debatable given the vast number of specific credit and treatments on savings instruments which disproportionately benefit the well-off. The...

10Oct

By Bob AscahNo Comments

Opinion/Research, Politics

Premier Danielle Smith- Buckle-up

It was probably closer than she expected but her faith in the count was ultimately rewarded. Last night it took 6 vote counts to decide the winner. Smith finally got 53.77 per cent to Toews 46.23 per cent. The UCP is now a party quite evenly split between the party of Jason Kenney (and designated successor Travis Toews) and the party of Daniel Smith. I didn't watch the full victory speech except first few words. Smith looked delighted, basking in her new power. How she will wield it remains to be seen. Brian Jean did much worse than I thought. For a thoughtful "biography" of Smith see Jason Markusoff's post dated 6 October 2022 entitled "The reinvention(s) of Danielle Smith." Another good primer is West of Centre with Kathleen Petty. There is also a fascinating post by Ken Boessenko...

5Oct

By Bob AscahNo Comments

Employment, Environment, Politics

Timber Management Agreements- politics and consultation rights

A recent rash of timber license agreements have been reached in the past week (29 September; 27 September). This is indicative of the influence of timber interests- labour and capital- whose support of the local UCP candidate will practically guarantee their election. These agreements purport to give long-term employment guarantees. These assurances however might not be entirely in accord with the actual tenure agreements. Grande Prairie The 29 September news release from Nate Horner, the Agriculture, Forestry and Rural Economic Development minister spoke to the future of the Grande Prairie region reads in part: Over their lifespans, the renewed Grande Prairie and Pembina FMAs are expected to maintain more than 1,250 full-time, contract and seasonal positions, and will potentially cont...

2Oct

By Bob AscahNo Comments

Opinion/Research, Politics

Character and the UCP leadership race

The character of political leaders is critical to success of the society governed by the leaders. Frequently cited characteristics of political leadership include trustworthiness and honesty. Good interpersonal and organizational skills and judgement are other desirable qualities. Danielle Smith Smith's character has been mainly evaluated on her judgement in giving up the Wild Rose leadership and joining the Progressive Conservative caucus under the late premier Jim Prentice. This move drew outrage from her supporters leaving the party in a lurch just months before the election writ was dropped. This action caused a split in the conservative vote producing an unexpectedly large win by Rachel Notley’s New Democrats. The Wild Rose under Brian Jean did much better than anticipated winning 21 ...

A Sales Tax for Alberta- Why and How Book Launch

24Sep

By Bob AscahNo Comments

Fiscal History, Government Finances, Politics

A Sales Tax for Alberta- Why and How Book Launch

This past Thursday a book launch took place at the University Club to celebrate the publication of A Sales Tax for Alberta. Below are my speaking notes and pictures from this celebration. Speaking Notes- Book Launch Book launch A Sales Tax for Alberta- Why and How University Club, Edmonton 22 September 2022 My friends, the journey has not ended, it is just beginning! An inflated ego drove this project in the vain hope that we might convince one courageous politician to choose to take on this controversial project - a sales tax for Alberta. There are so many who helped this book across the goal line providing support and thoughtful feedback. First to my wife Linda who has been both a catalyst and huge support through what became a longer journey than expected. The initial germinatio...

30Jul

By Bob Ascah1 Comment

Budget, Fiscal History, Government Finances, Politics

A Sales Tax for Alberta and the UCP leadership race

Updated 16 August 2022 Well it didn't take too long for a conscientious staffer in Travis Toews' campaign to ferret out the 4 September opinion piece in the Edmonton Journal. In the article Smith setting forward what I think are credible views about Alberta's topsy-Turvey finances stated- Instead, he (Klein) bought off progressives by spending an excessive and unsustainable amount on public services and he bought off conservatives by lowering taxes below the cost of delivering programs. Now the public service screams holy hell at the mention of austerity and taxpayers say they aren’t prepared to pay a dime more. I’m here to tell you: Everyone — on both sides of the political spectrum — needs to suck it up. Alberta needs a three-step financial reset. Step 1: Liquidate the Heritage Fund...

4Jul

By Bob AscahNo Comments

Energy, Government Finances, Investment, Politics

Alberta’s Job Creation Tax Cut: Theory and Reality

In 2023, a book on the Kenney government edited by Ricardo Acuna and Trevor Harrison will be released. I contribute one chapter on Alberta’s Job Creation Tax Cut examining critically whether this one-third cut to corporate income tax has had any positive impact on Alberta’s economy in terms of investment, jobs and wages. In this post (which is not part of the book chapter), I explore the theory behind the corporate income tax cuts. The critical element in my view is in assessing the nature of capital and labour in Alberta and in particular the energy sector, most notably the oilsands. Background In the UCP’s 2019 election platform, a key policy plank was to cut the corporate income tax from 12 per cent to 8 per cent over four years. Two economists- Jack M...

3Jul

By Bob AscahNo Comments

Politics

Leadership

Friday was Canada's 155th year of existence as a sovereign state and tomorrow the United States of America celebrates "independence day"- it's 246th. James David Barber's classic The Presidential Character Predicting Performance in the White House first published in 1972 and updated in 1977 has been sitting on my bookshelf for decades unread. Today I pulled it out. The preface quoted below- written in American political science code- appealed to my accumulating concerns about our current political leaders but also apply as well to corporate and institutional leadership. The preface written three years before actor Ronald Reagan captured the White House is a prescient warning about the loss of meaning, the shallowness of our political and corporate class, and the public's percepti...

15Jun

By Bob Ascah3 Comments

Budget, Fiscal History, Government Finances, Politics

IT’S FINALLY ARRIVED: A Sales Tax for Alberta: Why and How

Updated 8 July 2022 Interview with Shaye Ganam 630 CHED/ 770 CHQR https://omny.fm/shows/ched-mid-morning/a-sales-tax-for-alberta-why-and-how Read Ascah's opinion piece in the Edmonton Journal 8 July 2022. No this isn't official..yet... and this isn't a prediction or April Fool's Day joke. It's a book that promises to be a summer blockbuster! Sure, I'm the editor and contributor but there are six other academics, financiers, and journalists who weigh in on this controversial subject. Graham Thomson Mel McMillan Ergete Ferede Elizabeth Smythe Ian Glassford Ken McKenzie BUT THERE'S MORE: a foreword from Kevin Taft and Afterword of Trevor Harrison. The volume is the cumulation of a project begun in the fall of 2018, prior to the last provincial elect...

6Jun

By Bob AscahNo Comments

Agencies, Energy, Environment, Politics

Balancing Pool Act- Public interest or political posturing

On 21 April, apparently in response to opposition demands that the UCP government stop withdrawals of utility services and get cheques or rebates into the hands of Albertans quickly, Associate Minister of Natural Gas and Electricity Dale Nally issued a news release. During a 17-minute news conference Nally took the former NDP government to task when releasing a March 2021 report from Deloitte LLP on the financial position of Alberta's Balancing Pool (ABP). The report concluded that the cost of the policy changes totaled $1.34-billion. It is ironic that this is about the same number that the UCP government lost from its bet on TC Energy's Keystone XL pipeline. Dale Nally, Associate Minister of Natural Gas and Electricity Nally was in true fighting form demonstrating lessons he h...