A new report from the University of Calgary School of Public Policy says that Alberta gives more taxpayer handouts to private enterprise than any other jurisdiction in Canada, $100 more per capita than the next closest jurisdiction, Quebec.
According to 2014-2015 numbers, that amounts to $640 per person.
Even more shocking, the report said half of the overall subsidies handed out failed to improve the economic performance of the recipient companies.
But it gets crazier. Eleven per cent of the subsidies handed out had no rationale nor metric to measure the benefit to the taxpayer at all. It was just free money, no strings attached.
In Alberta, small businesses and agriculture were found to be the two most subsidized industries.
These two business demographics have also been increasingly targeted by the NDP over the past two years through increased taxes and regulation.
The NDP solution to ballooning financial burdens on farms and small businesses brought on by government policy is to give out subsidies.
Subsidies are the natural first inclination of big government to economic challenges facing businesses, when in reality handing out cash without any form of accountability should be the absolute last resort — if at all.
Billions of Canadian dollars spent on the 800,000 barrels a day imported from half way round the world. Saudies dont have to pay carbon taxes. How much of the cheapest dirtiest bunker C oil do they burn to get it here. Currently their is an oil tanker burning off China. This one spill is worse than all the pipeline leaks that have ever occurred in Canada.
Churchill sums up socialism.
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Thanks for that Tammie. Churchill was much more elequent than I.
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For instance:
Alberta Gov’t. imposes carbon tax (which will not change the Earth’s temperature)
Alberta Gov’t. pitches a LED, shower head, clothesline program costing taxpayers millions (35+), in order to reduce carbon emmissions at the producer’s end.
Alberta Gov’t. Carbon tax causes Natural Gas heating bills (Gas 150%) and gasoline/diesel at the pumps to increase (7+ cents per litre).
To ease the pain to Albertans the Alberta Gov’t cuts rebate checks using borrowed money, which is far less than what is collected through Carbon Tax.
And the Earth’s temperature remains the same.
Yet the Alberta Gov’t. states their program is working in the best interests of Albertans.
People with any level of grade three math and a little bit of critical thinking skills are able to see through this as problematic. Socialist because they rely on the government to perform their thinking on their behalf and rely on MSM as the messenger believe the likes of Trudeau and Notley.
Oh and did I mention planet Earth’s global temperature is unaffected.
Notley’s backward economics bleeds the taxpayer dry & she and Wynne both belong in jail for their managed decline of Alberta & Ontario!
Im telling you guys , the GUNN SHOW on premium content is a must , lots a good GUNN SMOKE!
She’s like the modern day sheriff of dodge city, exposing the dirty polititians that come into the area and kicks them out , plus you EZRA as a good second as a consolation
… It creates dependence, and gives them power.
… Subsidies are an insult to a free nation- the role of the state forcing money from one citizen to another.