Billions in subsidies to big business

[chuckChuck]

I guess on the bright side the subsidies were invested well in Alberta Chuck2, as you always point out very high per capita income and a large contributor of federal personal and corporate tax. What happened to Quebec? Highest level of subsidization but certainly nowhere nere the top in average earnings?

Saskatchewan has the highest level of business subsidization compared to Quebec. Alberta is not far behind Quebec. The answer to your question is simple. Oil and gas nothing more nothing less. Take that away and Alberta would be average or perhaps below average.

[Bowerpower]

So Bower, Canada's progressive tax system is widely supported by both Conservative, Liberal and NDP governments. This is not communism if you were wondering.

The more you make, the higher your income tax rate. I know some rich well paid people like to argue that a flat tax would be fairer, but then lower income Canadians would end up paying a far greater share of their income to run the country and pay for services that are used by low and high income Canadians.

One of the problems is that the tax burden has shifted away from business taxes to personal income taxes. The reason this has happened is we end up competing with other countries who lower their business taxes to attract and keep business. Where does it end?

Government policy is leaning more and more left all the time. And we know where that leads.
and yes we need a business environment that promotes investment. Are the taxes to low maybe, but I'd much rather have the business and the people employed.
And the libtards are doing nothing!!! They are attacking busines instead. So where's the economic plan... this is why energy east is so telling. Let's stifle growth instead of promote it. It could have been a huge boon for the future of this country.

[furrowtickler]

See chucky that's the main objective of elite leftists. You just spelled it out . The elites in central Canada are going to try just that ..... destroy the oil and gas sectors so that Alberta / Sask become less than them , a reduced threat to power in central Canada . Thx for finally showing the true nature of the carbon tax, the proposed liberal tax changes, the cancellation of trans gas.... and many other wealth transfer schemes and disposable income crushing plans of JT and company 👍👍

[chuckChuck]

Business subsidies (and I'm against them) are designed or supposed to increase the efficiency of the economy... Create jobs... And in the end increase the tax base and GDP of the country.


Now take those subsidies and compare them to GDP of each province and see who is most efficient with the.

If you want compare them to increase in GDP over the period those subsidies where handed out.


Now where we're the subsidies most effective and where did they do the least amount of good, Chuck?

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".

[burnt]

...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".

Wow, chucky, seems like you're still throwing out some pretty wild guesses and speculation!

And your speculation sounds a bit envious as well!

How do you like your federal finance minister's stance of subsidizing himself through his own tax avoidance schemes while trying to nail small business owners (read: risk takers) for every last nickel possible?

You wanna take a guess at how that sits with true small business owners, wage earners and farmers?

[blackpowder]

So Klauses pay stub had 5760 take home on a 5000 deduction. The point was probably that a nearly 50% deduct affects all the people in blue collar with good jobs. Why work overtime? Why take an extra shift? Why hire more when the wage rate and employer costs make it expensive? Those jobs are the bricks and mortar. Waitresses getting automatic, assumed tax deducts on pay stubs for tips??? even if they didn't get any.
A flat tax for all might stop the socialists from jealous attacks on the hard working from their cushy viewpoint.
Stop telling others what they dont 'deserve' and what you do.

[furrowtickler]

True leftist....
"We must share all the wealth until I have more than you than $&@! You and here's to me 🤴" .

[Bowerpower]

Canada. Punish those who work hard. Reward those that do nothing

[furrowtickler]

I say tax family trusts 80% and collect back taxes on offshore holdings . Think JT and Willy will pass that ??? Lol

[Integrity_Farmer]

ECONOMIST John Kenneth Galbraith
“If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).”


― John Kenneth Galbraith

[chuckChuck]

True leftist....
"We must share all the wealth until I have more than you than $&@! You and here's to me 🤴" .

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!

[furrowtickler]

That could be lol
Point is they are both wrong , and we need leaders not so far one way out the other ... agreed ?
Point is the liberals are going way way to far right now .