RE:RE:RE:RE:Windfall taxJames, I think you give politicians too much credit. They don't care about economics or for that matter making things easier for people....they care about votes.
A windfall tax on O&G kills the vote in the west....a gas tax holiday would improve their votes country wide.
It's not about economics...it's about what gets the most votes.
A windfall tax doesn't get as many votes as gas tax vacation
My opinion.
JamesT wrote: This would make sense economically but im also afraid of socialists ability to understand economics.
BayStreetWolfTO wrote: I agree JD, I think we see the government implement what others have with a gas tax holiday.
Imposing a windfall tax on Oil and Gas would be a strategy disaster for the liberals and kill them in the west.
I have talked to many here in Ontario and they all agree JT would have to be a fool to consider it.
A gas tax holiday is easy.
That said Baytex and many Cdn O&G companies have billions in tax pools....so regardless unlike than banks and insurance a non issue....by that time we would be debt free, have repurchased tens on millions in shares and have a nice dividend.
Plus companies would drill less which would make price go up and improve all netbacks lol.