Alberta
Police seize over 2 kilograms of suspected fentanyl, 9 guns in busts at north Red Deer apartment, and hotel room in RD County
News Release from Alberta Law Enforcement Response Team (ALERT)
Red Deer search warrants turn up fentanyl and firearms
A pair of search warrants in the Red Deer area netted ALERT investigators nine firearms and more than two kilograms of suspected fentanyl powder. The street value of the fentanyl is estimated at $375,000.
ALERT Red Deer’s organized crime and gang team made the seizures on June 3, 2022 after searching a north Red Deer apartment and a Red Deer County hotel room. Red Deer RCMP and RCMP Emergency Response Team provided assistance with the search warrant executions.
Nine firearms were seized, five of which were loaded, along with a host of other weapons and imitation firearms. Seven of the firearms are classified as prohibited and one had its serial number defaced. The firearms are being submitted for forensic analysis and ballistics testing.
“The combination of fentanyl and firearms is an equation for all sorts of community harms. ALERT is working diligently to take these harmful substances off the streets and take guns out of the hands of drug dealers,” said Staff Sgt. Jason Gibson, ALERT Regional teams.
In total, ALERT seized:
- 9 firearms;
- 2,170 grams of suspected fentanyl;
- 104 grams of methamphetamine; and
- $5,725 cash.
Two suspects were arrested and a third person sustained injuries while attempting to evade arrest. She was treated by paramedics and later transported to hospital with non-life threatening injuries.
Jay Dee Coffman, 38, and Kyle McGray, 33, have been charged with 17 criminal offences relating to drugs and weapons.
Additional charges are expected pending further investigation into the firearms.
Both are known to police and ALERT began investigating their suspected drug trafficking activities in May 2022.
Members of the public who suspect drug or gang activity in their community can call local police, or contact Crime Stoppers at 1-800-222-TIPS (8477). Crime Stoppers is always anonymous.
ALERT was established and is funded by the Alberta Government and is a compilation of the province’s most sophisticated law enforcement resources committed to tackling serious and organized crime.
Alberta
Alberta government should eliminate corporate welfare to generate benefits for Albertans
From the Fraser Institute
By Spencer Gudewill and Tegan Hill
Last November, Premier Danielle Smith announced that her government will give up to $1.8 billion in subsidies to Dow Chemicals, which plans to expand a petrochemical project northeast of Edmonton. In other words, $1.8 billion in corporate welfare.
And this is just one example of corporate welfare paid for by Albertans.
According to a recent study published by the Fraser Institute, from 2007 to 2021, the latest year of available data, the Alberta government spent $31.0 billion (inflation-adjusted) on subsidies (a.k.a. corporate welfare) to select firms and businesses, purportedly to help Albertans. And this number excludes other forms of government handouts such as loan guarantees, direct investment and regulatory or tax privileges for particular firms and industries. So the total cost of corporate welfare in Alberta is likely much higher.
Why should Albertans care?
First off, there’s little evidence that corporate welfare generates widespread economic growth or jobs. In fact, evidence suggests the contrary—that subsidies result in a net loss to the economy by shifting resources to less productive sectors or locations (what economists call the “substitution effect”) and/or by keeping businesses alive that are otherwise economically unviable (i.e. “zombie companies”). This misallocation of resources leads to a less efficient, less productive and less prosperous Alberta.
And there are other costs to corporate welfare.
For example, between 2007 and 2019 (the latest year of pre-COVID data), every year on average the Alberta government spent 35 cents (out of every dollar of business income tax revenue it collected) on corporate welfare. Given that workers bear the burden of more than half of any business income tax indirectly through lower wages, if the government reduced business income taxes rather than spend money on corporate welfare, workers could benefit.
Moreover, Premier Smith failed in last month’s provincial budget to provide promised personal income tax relief and create a lower tax bracket for incomes below $60,000 to provide $760 in annual savings for Albertans (on average). But in 2019, after adjusting for inflation, the Alberta government spent $2.4 billion on corporate welfare—equivalent to $1,034 per tax filer. Clearly, instead of subsidizing select businesses, the Smith government could have kept its promise to lower personal income taxes.
Finally, there’s the Heritage Fund, which the Alberta government created almost 50 years ago to save a share of the province’s resource wealth for the future.
In her 2024 budget, Premier Smith earmarked $2.0 billion for the Heritage Fund this fiscal year—almost the exact amount spent on corporate welfare each year (on average) between 2007 and 2019. Put another way, the Alberta government could save twice as much in the Heritage Fund in 2024/25 if it ended corporate welfare, which would help Premier Smith keep her promise to build up the Heritage Fund to between $250 billion and $400 billion by 2050.
By eliminating corporate welfare, the Smith government can create fiscal room to reduce personal and business income taxes, or save more in the Heritage Fund. Any of these options will benefit Albertans far more than wasteful billion-dollar subsidies to favoured firms.
Authors:
Alberta
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