BCBusiness

May 2015 Bye-Bye Alberta

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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8 BCBusiness May 2015 Portrait: adaM blasberg British Columbia is often lauded as being a leader when it comes to democratic initia- tives. From recall legislation to the anti-HST vote, we are keen participants in determining how we are governed. The only problem is, British Columbians rarely know what's good for us—at least over the long term. That's become increasingly clear during the contentious transit referendum, which merci- fully comes to a close on May 29. According to the polls as we go to press, the Noes (those opposed to a 0.5 per cent sales tax hike to pay for expanded transit and other congestion- fighting measures) have it by a margin of two to one. The winning argument is simple: the agency that runs our transportation planning, TransLink, is untrustworthy—there- fore we should starve it of resources. When it comes to complicated decisions affecting so many facets of our economy, turning the levers of power over to the public is a mistake. Voters are not focused on the world of 2041—with a million more people living in Greater Vancouver, clogging up our roads and buses—but the here and now, where a former TransLink CEO is enjoying a fat severance payout and those damn Compass readers still aren't working. They're voting to pun- ish past sins, not plan for the future. That sort of planning—making the unpopular decision to raise taxes to pay for infrastructure—used to be the work of government. Now, our elected officials put everything to a vote or avoid the topic entirely. Just look at what happened in Alberta. There, a collapsing oil sector com- bined with fiscal choices by past governments has wrought financial ruin (more on that in "A Letter of Condolence," p.32). "We all want to blame somebody for the circumstance we're in," said Alberta's pre- mier Jim Prentice in a startlingly honest March radio interview. "In terms of who is respon- sible, we all need only look in the mirror. Basi- cally all of us have had the best of everything and have not had to pay for what it costs." The same could be said of B.C. and its impending transportation crisis. Only time will tell if a future premier of this province has similar courage to speak those words. C O N T R I B U T O R S Matt O'Grady, Editor-in-Chief mogrady@canadawide.com / @bCbusiness Jim Sutherland apologizes to friends and family in Alberta for the letter he's written to their home province ("A Letter of Condolence, " p.32). A native of Saskatchewan, he's been a British Columbian for a long time and once edited magazines such as Vancouver and Western Living, as well as the Vancouver Sun's weekend supplement, Mix. MARCH's Most populAR stoRies on BCBusiness.CA 30 Under 30 Best Cities to Work for in B.C. There Goes the Neighbourhood Forbes 2015 list of billionaires includes three from Vancouver If the No side wins, it'll cost Vancouver billions /30under30 /careers /real-estate /finance /manufacturing- transport Steven Hughes–the artist behind our cover story–has illustrated everything from finance to true life stories in publications that include Alberta Venture, ESPN, Financial Post, the Globe and Mail, Reader's Digest and MoneySense. Originally from southern Ontario, he lives in Montreal with his dog, Bixby, and enjoys travelling and reading. When Democracy Attacks editor's desk In JUnE Who are the most influential women leaders in B.C. today? Read the June issue and find out!

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