Bombardier has seemingly given millions of taxpayer dollars to executives—while his company struggles to remain profitable.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
For the “typical family” of four, the cost per billion dollars of assistance is $114.28.
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?