When governments pick favourite companies to get free handouts, they are punishing the rest of us who are paying the bill with ever-increasing taxes and ever-increasing deficits.
Never has this been more true than governments in Canada when it comes wasting your money on corporate welfare.
Ah well, live and learn, right? Governments made a multi-billion dollar blunder by giving GM a bailout only to see it shower its employees with pink slips a few years later.
Just one day after GM's nasty bombshell, both the federal and Ontario governments showed they haven't learned a thing about the folly of taxpayer handouts to big business.
In this case the Ontario and federal governments actually rewarded the highly profitable company, owned by one of Canada's richest families, with a $62 million taxpayer handout.
Instead of lurching from handout to handout, begging and bribing companies with subsidies, our governments need to take a smarter and sustainable approach to job creation.
Our governments would be wise to put a stop to it pronto, or they may soon be feeling Canadians' wrath at the ballot box.
https://canadafreepress.com/article/will-governments-ever-learn-their-lesson-on-corporate-welfare
Never has this been more true than governments in Canada when it comes wasting your money on corporate welfare.
Ah well, live and learn, right? Governments made a multi-billion dollar blunder by giving GM a bailout only to see it shower its employees with pink slips a few years later.
Just one day after GM's nasty bombshell, both the federal and Ontario governments showed they haven't learned a thing about the folly of taxpayer handouts to big business.
In this case the Ontario and federal governments actually rewarded the highly profitable company, owned by one of Canada's richest families, with a $62 million taxpayer handout.
Instead of lurching from handout to handout, begging and bribing companies with subsidies, our governments need to take a smarter and sustainable approach to job creation.
Our governments would be wise to put a stop to it pronto, or they may soon be feeling Canadians' wrath at the ballot box.
https://canadafreepress.com/article/will-governments-ever-learn-their-lesson-on-corporate-welfare
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