By Spencer Fernando
May 4, 2018
The higher taxes and energy costs rise, the more the government desperately resorts to corporate welfare.
Toyota recently made a profit of $22 billion.
But apparently, the federal and Ontario government’s still had to give a bunch of taxpayer money to the company in order to get an upgrade at two Toyota plants.
The plants in Cambridge and Woodstock are being upgraded, in what the government’s say will create 450 new jobs in the next 10 years. There will also be 1,000 co-op jobs created in that time.
At the announcement of the plant upgrades, Trudeau said “These measures support Canada’s competitiveness and build our capacity to do the kind of advanced automotive research and production that companies like Toyota want to do more of.”
Wynne said “It’s a vote of confidence in our talented workforce and in our entire province.”
Here’s another way to say it: Corporate welfare.
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