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Ideas Related to Revenue TITLE IDEA WHY CREATOR CREATION DATE AVERAGE RATING # OF RATINGS Review the perming and fee structure associated with forestry resources. Permits for harvesng forests both commercially and domestically should be increased. Currently 30 plus thousand residents cut fuelwood yet permits still only cost 25.00. The resource is more valuable than this and it should be recoginzed. royalty rates for commercial harvesng should also be increased as they havent increased for over 30 years. Cu ng permits for large coporations,developers, miners, quarry operators, should be increased where the development results in the permanent removal of forests from the landscape. important due to current fiscal situaon. Forestry permits and fees tuckamore 2016-01-12T15:42:15-04:30 4.333333333 6 While the Newfoundland and Labrador Government have made great strides to reduce provincial government red tape over the last ten, this province still suffers from an "internal red tape" problem, hurting this province's ability to grow our economy and generate much needed tax revenues in the process. In other words, an aspiring entrepreneur can get government regulatory approval to start their business, but city and town council usually have the final say and have a power to reject their request to get a permit to start their business. This problem was created as a result of the Newfoundland and Labrador Government To help grow Newfoundland and Labrador's giving power for municipal bylaws to economy and become more "Entrepreneur supersede provincial government laws and not Friendly", which are critical to generating the other way around. additional tax revenue, sticking to this province's "Grow The Economy" theme, gain a This "Internal Red Tape" problem is a main new tax base, and diversify our economy away reason why Newfoundland and Labrador are from volatile natural resources like oil, the having a difficult time attracting aspiring Newfoundland and Labrador Government has Eliminate "Internal Red entrepreneurs, and some major communities to make a more diligent effort to reduce Tape" To Become More have a difficult me growing their economy. "Internal Red Tape". Entrepreneur Friendly NLMoose 2016-01-12T15:43:12-04:30 4.227272727 22 Remove restricons on seng up a fish processing company. Introduce an open market (bidding) for catches. It would revitalize the fishing industry in this = more jobs, more compeon for markets, province creating more wealth and distributing more revenue. it in a much fairer way! Fishery Reform Jbj999 2016-01-12T15:45:38-04:30 3.5 10 Royal es should be charged on all fish resources harvested. It is a resource of the people just like forestry operators who pay a royalty to the province based on the volume of wood they harvest, fishing operators should pay a roaylty based on the volume of fish harvested. important due to current fiscal situaon. fish resource royalties tuckamore 2016-01-12T15:47:28-04:30 2.166666667 6 It's me to focus aenon on our renewable resources which for the past several years have been left on the back burner as oil ran the show. In parcular government should turn its attention to our forest and agriculture resources. Significant growth could be achieved in these industries with some sound policies and investment. Focus should be on start up of small to medium scale ventures and enhancing existing Focus on renewables like operaons and opening new markets. Important due to current fiscal situaon. forestry and agriculture tuckamore 2016-01-12T19:37:27-04:30 4.230769231 13 (1) We need to support the lower churchill project and once the interprovincial link has been built and we are connected to the mainland we need to sell as much raw electrical power as possible. Newfoundland needs to become an exporter of electricity. We need more revenue sources. Energy We need to continue to invest in island hydro although low today will increase again in the and wind power and sell as much energy as future. The world is not done with oil, the possible. This resource cannot be outsourced world will continue to require electricity. to the China (such as fish processing and food Therefore, the lowerchurchill is a good processing). This is the future for longterm investment. This needs to be Newfoundland and we need to continue to supported and completed. development this electrical supply resource. We cannot connue to be a province that do (2) The US dollar is low hence more US not export. The traditional fishery was the life tourists, especially in regards to hunting and blood of the Newfoundland economy in the wildlife retreats, etc. Invest in Tourism ads for 1600, 1700, 1800 and early 1900's. tourism revenue. Unfortunitely due to Globalization we cannot complete locally with the chinese processing (3) Aquaculture - high priced marine markets. The fishery needs to focus on the resources (salmon, sushi, squid, etc). This local market and tourist market. Like the development needs to connue. farmers market of the west we need a fishery market of the east. (4) crazy thought with paper processing - why don't we sell toilet paper instead of newsprint? Setup to aract local supply. Like whale tours We all know the need for toilet paper will the same fisherman could do tours for local Power, Tourism and always be there. The internet is not going to cod fishing. Aquaculture take that paper requirement away. Concerned 2016-01-12T21:22:13-04:30 3.555555556 9 I already menoned this itea in my last post but it got me thinking more regarding how to rebrand the fishery and I got this idea from vising farmers markets out west. imagine a tourist arriving is St.Johns and booking a tour with the local fishing guide to go out and fish your own cod, the boat is large enough to supply local music bands (like whale watching) to entertain tourists until that catch their own cod. The boat returns to the wharf Of course in order to do this we would need where the local catch is filleted and cooked in to end the food fishery restrictions for local front of tourists and served by local tourists and fisherman involved in the professional chefs. While the local guide rebranded local tourist fishery. explains the whole process and historical facts regarding the Newfoundland Cod Fishery. This would support local fisherman, local chefs, local restaurants, local history and This would be a great way to convey our local tourism. Plus create a local food market. history, employ fisherman and involve them in East Coast Fishery for the tourism market and increase of the fishery You see this all over the place in other parts Tourism (Our take on the to the rest of Canada and the World. of the world. Farmers Markets) Concerned 2016-01-12T21:31:49-04:30 3.714285714 7 While some parcipants suggest that Newfoundland and Labrador should focus on volatile sectors like manufacturing and natural resource, this province should focus on recession resistant and low volale industries. The problem with focusing on natural resources are that Newfoundland and Labrador are at a mercy of economic environmental forces including business cycles, changes in personal taste, technological changes, legislative changes, or consumption levels. We are already seeing that with Forestry (particularly Pulp and Paper), Mining, Energy (meaning oil industries). In other words, Newfoundland and Labrador Government should make an effort to create jobs in the following recession resistant sectors: Diversifying our economy away from natural 1. Biotechnology resources will better protect Newfoundland 2. Accounng and Labrador during tough economic times 3. Finance and increase our government's tax revenue Focus On Recession 4. Engineering levels. Resistant Sectors 5. Informaon Technology NLMoose 2016-01-12T21:38:42-04:30 4 10 Bring in a carbon tax similar to Brish Columbia's. BC implemented there's several years ago, a price was put on carbon and income and corporate taxes were lowered so that the tax would be revenue neutral. In BC their taxes are actually lower now than before the cabon tax. What we could do here to raise revenue is bring in a carbon tax, make it The province is going to need to look at revenue neutral for the majority of people and bringing in some type of program to reduce businesses but design it so that some higher green house gasses due to the climate change income earners and businesses pay slightly agreement the federal government recently higher taxes. When the province is in a better signed. This type of cabon tax would help fiscal situtation we can then lower the taxes reduce GHGs while also bringing in some accordingly. addioanl revenue. Carbon Tax jp42 2016-01-12T21:41:39-04:30 4.0625 16 For the last ten years, in an effort to generate a more educated labour force in Newfoundland and Labrador, our government has free Memorial University (MUN) and College of the North Atlantic (CNA) tuition rates. While having low tuion rates allowed Newfoundland and Labrador's public post- secondary education system to be competitive with other provinces, particularly Quebec, and attracted students from across Canada, particularly the Atlantic Provinces and Ontario whom have Canada's highest tuition rates, it comes at a big cost not only to Newfoundland and Labrador taxpayers, but also our university and college system as they struggle to have funding needed to sustain their programs and services. To generate addion revenue for MUN and Not only will increasing MUN and CNA tuion CNA as well as reducing the stress of rates will generate much needed additional Newfoundland and Labrador taxpayers, revenues for these post secondary instituion university and college tuition rates should networks without the need for extra provincial increase at least 5% per year for the next five government money, we will remain as the years.
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