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this post was submitted on 26 May 2025
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Norway's is literally the single largest investor in the world now, and makes most of it's money from it's money. Alberta also has almost as many people.
The rest of Canada likes to scapegoat us as inbred racists, but the concentration of that is vastly exaggerated. The affliction we do struggle with is more like a kind of self-righteous entitlement. Dipping into our savings to fund whatever political goodies is one example.
If Alberta had kept a sales tax and a normal level of income taxation instead of relying on what it gets from the oil industry it would be self funded and its whole population could be unemployed and living off the interests on the government's fund.
Surprisingly, that would have been the financially Conservative thing to do so you can be 100% sure that the Conservatives that were in power for 44 fucking years in a row wouldn't have done that!