Billions in subsidies to big business

[farmaholic]

By the looks of it those rich socialists like to use the same loop holes and the business climate created by the Conservatives to further their own fortunes as well.

****in hypocrites....I hope they lose the next election on his useless ways and hypocrisy!

[AlbertaFarmer5]

Equalization is a federal program paid for with federal taxes collected from all Canadians. It can be tweaked but the overall policy goal is good for the country. Without it we become a country of extreme differences in the ability of provinces to provide health care, education and other social programs. It would make many Canadians second class citizens in terms of the services they receive. Do you think that is a good idea?

No it doesn't. It results in a country where the free market forces are allowed to work. The mobile workforce moves to where the jobs are at. This lowers the cost of labor in the productive markets due to increased supply, and likewise, by lowering supply in the depressed areas, will increase wages, equalizing the markets in real time, and in response to market forces. This artificial equalization just creates false incentives which only require further equalization to keep the ball rolling.

[Oliver88]

Equalization does two things:

1) Removes any incentive for a province to be a productive province.
Example: Quebec does NOT promote oil pipelines and has blocked the development of their own resources.

2) Creates creative accounting and special formulas to benefit select provinces.
Example: Quebec has hydroelectric power generation removed from equalization formula.

[Bootances]

2 richest Canadians have more money than 11 million combined
http://www.cbc.ca/news/business/oxfam-davos-report-canadians-wealth-1.3937073

[Bootances]

By the looks of it those rich socialists like to use the same loop holes and the business climate created by the Conservatives to further their own fortunes as well.

****in hypocrites....I hope they lose the next election on his useless ways and hypocrisy!

Who are those rich socialists? Trudeau is a neo Liberal/conservative at best. Why do people associate with those that exploit them?

[perfecho]

Free markets are no longer.....Cons/Libs....government, no matter which....pick winners and losers....it is now free monopoly, no restrictions on size, no restrictions whoever can buy out competition...just look at previous posts about no competition in grain buying,,,,,,the system needs a new model,,,,and really, it doesn't matter which government, they are virtually the same. Started with Reaganomics......

[WiltonRanch]

Free markets are no longer.....Cons/Libs....government, no matter which....pick winners and losers....it is now free monopoly, no restrictions on size, no restrictions whoever can buy out competition...just look at previous posts about no competition in grain buying,,,,,,the system needs a new model,,,,and really, it doesn't matter which government, they are virtually the same. Started with Reaganomics......

Isn't this what fascism is?

[Stampsguy]

Free market conservatives: Create conditions so the rich can get richer and the poor poorer. Give benefits, tax breaks, and subsidies to your wealthy business supporters. Then blame the poor for their problems and not working hard enough!

What a crock Chucky, it's the rich who create business that employ people and under the Libs the poor are only going to get poorer (can't even have free sandwich at Subway w/o paying tax).

[sumdumguy]

If the government gives our tax dollars away to foreign countries, what is left for the poor and disenfranchised in this country Chucky?

[chuckChuck]

No it doesn't. It results in a country where the free market forces are allowed to work. The mobile workforce moves to where the jobs are at. This lowers the cost of labor in the productive markets due to increased supply, and likewise, by lowering supply in the depressed areas, will increase wages, equalizing the markets in real time, and in response to market forces. This artificial equalization just creates false incentives which only require further equalization to keep the ball rolling.

There may be some truth to what you say but it would be interesesting to see what a range of economists say about the impact. But I doubt Alberta and Saskatchewan could have absorbed all the displaced workers who would have moved. Alberta struggles to provide services.

It would also be interesting to see what the impact of the resource sector has on western canada. Does the oil indsutry and easy money that is subject to boom and busts stifle diversification? It certainly creates workers who are unhappy to take lower paying jobs. They often live off EI and savings waiting for a return to work that sometimes comes too late.

I still think equalization is a good long term policy because it does not favour one province over another but instead is focussed on fiscal capacity which can change over time. The majority of the benefits of a strong economy still stay in the province of origin.

[Bootances]

Canada's richest CEOs will make your entire annual salary before you have lunch today
http://www.cbc.ca/news/business/world-economic-forum-global-risks-1.3930574

[Klause]

If you dont support subsidies to business why do you continue to vote for Conservative governments who support subsidies for business?

Good luck with you analysis on where subsidies do the most good. Neither you or I have the time or capacity for such analysis.

You can complain about paying a lot of taxes. Perhaps Germany is a lower income tax jurisdiction. They also have a small land base and a bigger population. They also were rebuilt after the second world war with a lot of help and subsidies from the Marshall plan. Oh maybe you forgot about that? They also have a VAT of around 19% on all goods and services compared to 5% GST in Canada. Is it really a lower tax Country?

I have this feeling that where ever you are, there is always going to be a lot to complain about. Some people are never happy. I don't feel sorry for guys like you who take home $5000 a month. If that is your biggest problem then you don't have much of a problem. There are a lot of Canadians who would like to have your "problem".

1. I've voted liberal, (Paul Martin), conservative (Harper), and the last time spoiled my ballot (wrote Libertarian on it).
Quite frankly governments keep interfering creating subsidies and conditions for mega corporations to survive... For instance CETA. If all government regulations were removed these super large very slow and very incapable to adapt corporations would fail. Unfortunately too many people think government is the answer to everything... It is true answer to theft from the citizenry of the country. I.e. 200,000 budget book covers.

Your second point on seeing where subsidies do the most good is a deflection... The more an economy or group is subsidized the lower their will to work to innovate and to survive.

2. In Sask our version of VAT is 11%. Ontario 13% Quebec 15%... Why do I bring up Germany? We could use norway as well.. as you seem to love bringing up the SWF of Norway...


3. That is the problem. Socialists are greedy. Instead of the guy who works 12 hrs a day in -40 800km from his family making $10,000 every two weeks he should make $2000 and support for other lazy people who don't want to work by giving them each $2000 too. Unfortunately that's why Canada doesn't have real industry and the USA does. Nobody wants to give away their hard earned money to government so it can be redistributed to those who "need it more"

Every penny I've earned has been invested in my farm... Made other small businesses money and this helped them to hire more and pay wages. That's how an economy works.

Greedy socialists will never get it until all people who work and have a drive to get somewhere leave... Then the country collapses in on top of it's socialist philosophy. It's happened many times just in the last century but y'all will never figure it out.