tag:blogger.com,1999:blog-9311998.post5115657428440484740..comments2024-03-27T07:47:11.168-07:00Comments on LA REVUE GAUCHE - Left Comment: Royalty Is NOT A TaxEUGENE PLAWIUKhttp://www.blogger.com/profile/11736971647879996375noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-9311998.post-91374786635900333952007-10-05T00:34:00.000-07:002007-10-05T00:34:00.000-07:00You have not thrown any numbers around and you hav...You have not thrown any numbers around and you have not shown anything except that you are an idiot. <BR/><BR/>Land Rent is land rent, collected for the public good. It is paid to the State. If you don't like the government change it. If the oil companies leave fine, we can always pull a Chavez and nationalize them.<BR/>As we did with Petro Canada which is now doing quite fine thank you.<BR/><BR/>Oh yes and along with being an idiot you are a politically correct right winger; homophobic, sexist and racist.EUGENE PLAWIUKhttps://www.blogger.com/profile/11736971647879996375noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-5322493188123542432007-10-03T08:13:00.000-07:002007-10-03T08:13:00.000-07:00You really have to stop calling me an idiot every ...You really have to stop calling me an idiot every time I throw your own numbers around to show how you don't have a clue what you're talking about.<BR/><BR/>The difference between rent and taxes may be some brilliant mental coup in your eyes, but when the same organization is charging both to the same party, the distinction becomes effectively meaningless. The same thing that you think is good ("more money to the government") is in reality bad ("more money to the government"). This is an effective metric, and one that your readers should be well aware of by now.Feynman and Coulter's Love Childhttps://www.blogger.com/profile/05129851946309441082noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-26467251345121195912007-10-03T01:42:00.000-07:002007-10-03T01:42:00.000-07:00You are an idiot. As a so called conservative you ...You are an idiot. As a so called conservative you should understand the difference between land rent, which is what royalties are, and taxes. But of course you would have to read some libertarians like Rothbard or Tucker to figure that out. And from what I gather you get most of your information from the Sun.EUGENE PLAWIUKhttps://www.blogger.com/profile/11736971647879996375noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-85588635341014220142007-10-02T20:48:00.000-07:002007-10-02T20:48:00.000-07:00If Alberta collects its back due royalties, plus i...<I>If Alberta collects its back due royalties, plus increases the royalty rate on resource extraction it will be a TAX BREAK for big oil.</I><BR/><BR/>Er, so then the oil and gas companies get to keep more of their money?<BR/><BR/>Gee, it seems so odd then that they are so opposed to it. And even more odd then that you are so in favour of it.<BR/><BR/>Until you put 3 seconds thought into it and realize that it doesn't matter <B>how</B> the money ends up in provincial coffers, only that it <B>does</B>. Cutting taxes by $200 million while increasing royalties by $2000 million is still a tax grab.<BR/><BR/>Oh sure, they don't <I>call</I> it taxes, but as I said in my original comment (which, by the way, was on my site, not yours, so your link ends up pointing to a comment-less post), whether you call it a tax or you don't, the money flows from productive companies into unproductive government. You don't let the Alberta government get away with this when it comes to Healthcare Premiums, so it's sort of odd that you can't figure out the problem here.Feynman and Coulter's Love Childhttps://www.blogger.com/profile/05129851946309441082noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-18607511840978225102007-10-02T19:30:00.000-07:002007-10-02T19:30:00.000-07:00The rule of law? Dem with gold makes the laws. Act...The rule of law? Dem with gold makes the laws. Actually I have posted here that the contracts allow for increased royalties. So sorry it is not unlawful.EUGENE PLAWIUKhttps://www.blogger.com/profile/11736971647879996375noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-22948862205966343212007-10-02T18:56:00.000-07:002007-10-02T18:56:00.000-07:00Although I know you'll disagree with me, I don't l...Although I know you'll disagree with me, I don't like the royalty hike. Mostly because in my eyes it's an attack on the rule of law (i.e., the government changing the terms of a contract once the other party has already committed to previous terms). <BR/><BR/>But kudos to you for this much needed insight on the effects on taxation. It may be bad for the sector, but it's definitely not a federal tax grab.Camhttps://www.blogger.com/profile/07763204534631088939noreply@blogger.com