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.