WhatFinger

Subsidy-dependent industries will die off. But the trade-off will be a welcoming business culture that attracts competitive, sustainable businesses that are interested in making money the old-fashioned way: by actually earning it

Corporate welfare and the gullible governments who pay it


Corporate welfare and the gullible governments who pay it Last week, Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne visited a Toyota plant to announce they were contributing $220 million towards a $1.4 billion investment by the company to create some 450 jobs (which works out to an eye-popping $488,888 subsidy per job.) The justification for such gifts is familiar: taxpayers 'need' to provide these kinds of 'incentives' for Toyota, lest it take its plant and jobs elsewhere. We're supposed to believe that Toyota--which five days later announced a record global profit of $29 billion--was prepared to abandon a Canadian plant in which it had already invested billions of its own money, and was readying to put in a billion more, unless our pliable politicians ponied up the pork.
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