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
Will governments ever learn their lesson on corporate welfare?
There's an old saying about the definition of insanity: doing the same thing over and over while expecting a different result. Never has this been more true than governments in Canada when it comes wasting your money on corporate welfare.
This week, General Motors announced out of the blue that it will be mothballing its plant in Oshawa, Ont., and eliminating 2,800 jobs in one fell swoop. It's a bitter pill to swallow for thousands of GM workers and their families who had no clue whatsoever that such devastating news was coming. They're furious and so are Canadians from coast to coast.