When government gives some people the right to take things from other people, the powerful often do the taking.
Ottawa raised $280 billion more from Albertans than it spent in Alberta from 2007 to 2019.
Alberta received just $249 million in payments despite a revenue loss of $7.2 billion.
Currently, equalization payments increase in line with nominal GDP growth.
Albertans will likely vote on equalization in October.
In 2019/20, equalization comprised 21 per cent of provincial government revenue in Prince Edward Island.
Quebec reduced its debt-to-GDP ratio by 3.4 per cent.
The fiscal capacity gap between “have” and "have-not" provinces has shrunk from 27 per cent to 6 per cent.