>like the British Empire treated it colony Canada, so does the country treats us

This persecution complex seems bizarre. The only entities exploiting Alberta are the oil companies who offshore billions of dollars in profits. Instead of growing their sovereign wealth fund like Norway, Albertans allowed themselves to be exploited.

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dismalaf an hour ago | parent [-]

1. Alberta has a wealth fund.

2. The amount Alberta has sent in equalization payments would have allowed us to have a far larger wealth fund than Norway has.

Also, you are aware that, no matter who exploits the oil, the Alberta government receives royalties from it, right?

Also, most of the foreign companies have joint ventures with Canadian entities and a lot of the money does stay within Canada and Alberta.

And even with all the equalization Alberta has sent, we're still the richest province by far. We just know we could be much richer still...

	▲	stackghost an hour ago \| parent [-]
		>Alberta has a wealth fund. Since the 70s, yes, and it's minuscule because the oil companies socialize the risks and privatize the profits, less some token royalties. Norway's was established in the 90s and is multiple orders of magnitude larger, because they don't allow big oil to fuck them over. >The amount Alberta has sent in equalization payments would have allowed us to have a far larger wealth fund than Norway has. You are being fed a narrative. Equalization payments are taken from federal tax revenues. Every Canadian pays taxes according to the same graduated tax rate schedule, whether Albertan or not. Alberta does not "pay into" equalization payments. Provinces do not "send money to other provinces". That's simply not how the program works.