For the “typical family” of four, the cost per billion dollars of assistance is $114.28.
corporate welfare
Government support for national airplane producers can come at a great cost.
Queen’s Park’s policies have raised the cost of electricity to the point of bankrupting individuals and businesses.
The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.
Ontario and Michigan may fund corporate welfare on both sides of the border.
Question: If someone made $62,000 last year, had $187,000 in their bank account, and yet sought a $5,360 subsidy from government, what would the common sense response be?
Ever wonder how Canada's net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. It's partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.