2 ms·

And how many subsidies do we offer oil companies?

• bequanna 3y ago
  From the article: > If Stellantis is able to net the full C$15 billion from the federal and provincial governments over the next 10 to 15 years, which is based on meeting production targets, this would amount to C$6 million per worker, given that the Windsor plant is projected to employ 2,500 workers. Such a sum would more than cover its entire labor cost at the facility for three decades, meaning that the governments of Canada and Ontario are providing Stellantis with a free workforce into the second half of this century. I don't think you can equate depreciating equipment against income on your tax return (which is considered to be an "oil company subsidy" by many) with straight up free money from taxpayers like this.
  • s1artibartfast 3y ago
    the funny part about this is the vast majority of that C$15 billion is tax exemptions.
    • bequanna 3y ago
      A specially created tax exemption or tax credit is the same as cash. The issue is that you and me can't just start any company and take advantage of this. You must be politically connected to receive these special taxpayer-funded gifts.
      • s1artibartfast 3y ago
        They can have similar impacts but they're not the same as cash. If I decide not to take a dollar from your wallet, that's not the same as if I gave you a dollar. I totally agree that tax exemptions are unequally applied. That's because you and I don't have something to government wants and can't take our ball and go home. We can be extorted because we have no leverage and we're not going to do anything about it