Rebates Rebates Rebates

Apparently the Alberta prosperity dividend isn’t such a bad idea after all, or at least the Federal Government doesn’t think so. The new Surplus Allocation Act, to be tabled in Parliament today, will, if passed, cut and allocate any future Federal surpluses into three equal parts. One third of any future surplus will be allocated to debt reduction, one third allocated to social spending, and the final third is returned to you and me, as a rebate in the form of a tax credit.

Like the Alberta dividend, the Surplus Allocation Act is falling under heavy criticism. The main criticism, of course, is that this is nothing more than an election ploy. As an election looms in the near future, this does makes sense, but that doesn’t mean its a bad idea.

Unlike the Alberta dividend however, the Surplus Allocation Act does seem to have some sort of structure and planning behind it, rather than the mere throwing around of excess cash that the Prosperity Dividend resembles. Perhaps, as more information is revealed, we will see a broader structure resembling the Surplus allocation Act behind the Prosperity Dividend; at least I hope that is the case.

~ O’Smiley ~

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3 Comments

  1. Anonymous said,

    Sunday, 9 October 2005 at 10:58 am

    I don’t get it, perhaps the government should try and convince me this is the right thing to do through a stylish advertising campaign.

    http://www.canada.com/edmonton/edmontonjournal/news/story.html?id=315fd533-8f3f-46b4-866e-e8c399a3b625

  2. O'Smiley said,

    Sunday, 9 October 2005 at 11:24 am

    wow, I’m really not sure what to say about those Alberta Rebate ads. It doesn’t seem necessary to spend money on flashy advertisements in order to let people know that they are going to get a rebate. I wonder if they are going to show the advertisements nation wide.

  3. Monday, 10 October 2005 at 2:04 pm

    The reason it is necessary is because there is so much opposition to it!!

    I think they should refund their furnace efficiency rebate program instead.–>


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