Corporate Welfare
- Thread starter Insidious Von
- Start date
What other company has sucked up so much public money?
Ford, Chrysler, all the big oil-consuming vehicle manufacturers are drowning in taxpayers' money. We have paid so much tax to these cunts in the form of gov subsidies they should be giving us vehicles for free.
MD
I have no vested interest in North American auto companies. I have always said let them go belly up. So, the unions can then bitch about the loss of their high paying jobs. Maybe Mr. Singh and/or Mr. Trudeau (but not with taxpayer money) can give them jobs that pay over $100,000 a year.
It wasn't "free" money/
1) Some of it was to refund ticket holders.
2) Some of it was debt owing to the Government of Canada
3) Some of it was selling an ownership stake to Mr. Trudeau.
Personally, I don't have a vested interested in Air Canada.
1) I didn't have any tickets to refund.
2) I don't know anybody who works for Air Canada.
I'm very disappointed our governments did nothing to prevent the demise of NORTEL and the near demise of RIM. I know some talented people from both companies have headed south. Our loss, the U.S.'s gain. Also, some people headed to Asia and Australia.
Instead we pour $billions into auto companies so that people who screw bolts into car frames continue to make over $100,000 a year.
Instead we pour $billions into auto companies so that people who screw bolts into car frames continue to make over $100,000 a year.
Wait, I thought you were all for people making lots of money and not getting taxed.
Now you say you don''t want people making good money?
Why shouldn't they get paid?
Air Canada was very slow to repay tickets cancelled, layed off tons of workers and then used that government money to give their executives big bonuses.
The corporation must be kept alive by the Federal government to provide cover for the Bank of Canada to “print money” otherwise known as “quantitative easing” as many Central Banks and the US Treasury does. This keeps Canada’s bond rating satisfactory and allows Canada to not be a ward of the IMF like other nations. Canada would be closer to being a Banana Republic if we did not share a border with America.
Socialism eventual results in an equal sharing of misery and kills the entrepreneurial spirit. Anti-corporate governments like the NDP grow the nanny state and eventually run out of other peoples money to spend. They due not encourage hard work and survive by encouraging class welfare.
Socialism eventual results in an equal sharing of misery and kills the entrepreneurial spirit. Anti-corporate governments like the NDP grow the nanny state and eventually run out of other peoples money to spend. They due not encourage hard work and survive by encouraging class welfare.
You cannot save an industry if the management is rotten to the core. Upper management at Nortel spent money like Roman Emperors - I know, they were one of my best customers. They looted the company then filed for bankruptcy, same thing happened to Valdy's Groceries who were giving the predatory Weston's a real scare. A common practice, Conrad Black looted the Dominion pension fund then left his mentor Michael Milken to his fate. This must be why he got the Order of Canada.
The Greatest Canadian, defender of billionaire right to rent seek.
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The NDP only talks about raising taxes and spending money. They have no clue on expanding the economy to create more wealth for our country.
The underground economy is the biggest or one of the biggest source of untaxed income.
The Daily — The underground economy in Canada, 2016 (statcan.gc.ca)
Maybe so, but we lost a lot of talent to the U.S. when NORTEL went belly up. Our loss, America's gain.
I heard the same thing happened with the Avro.
Avro Canada CF-105 Arrow - Wikipedia
