You're the one spewing nonsense. You've conveniently ignored the fact that 75 percent of the businesses in Calgary are facing property tax increases this year - some over 30 percent - and that non-residential property taxes in Calgary have increased by over 200 percent since Nenshi was first elected. You've also conveniently ignored the Notley government's steady increase in the minimum wage - another dollar per hour in 2016, and headed for $15/hr. by 2018 - and their introduction of a carbon tax, which will also increase. All in addition to significant income tax increases at the Federal and Provincial levels by the Trudeau and Notley governments, all during the worst economic downturn since the 1980s.

When the economy turns down in a sustained and severe manner, and governments at all levels significantly increase the cost of doing business through increased taxes and other policies, many more businesses will fail.  That's it.

Basic economics, indeed.