Tax Increases Due To Company Bailouts

Call me hypocritical because I am one of those people that enjoy the benefits, services and infrastructure that our tax dollars provide, but I don’t want my taxes increased unnecessarily.

I believe that tax savings may be found in other areas, such as lower government spending on bailing out badly managed companies, only to have them move the jobs out of Canada where they get much cheaper labour and less safety protections for the workers.

Another area that savings may be found is in less subsidies for companies either to get them to come to Canada or to keep them in the country.  This does not work because when they get a better offer they will leave taking the jobs with them.

Lastly, savings may also be found in not giving low in interest loans to companies that are not allowed to fail because the politician whose electoral riding the company is in would find it harder to get re-elected.  Even though not giving these companies loans may cause job loss, the government should use this money to fund job creation programs to offset the losses.

It is argued that if governments don’t give bail outs or subsidies, it will hurt the national economy.  I ask you; “at what price are tax payers to be sacrificed in order to save companies due to bad management or high wages for the one percent?”

2 thoughts on “Tax Increases Due To Company Bailouts”

  1. William Gauthier

    Interesting Article. It makes sense to use Tax Dollars to benefit Ordinary People and Small Businesses. A Basic Income would allow People to spend money supporting local Businesses which in turn helps their neighbour stay afloat.

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