Alberta
Update: Rimbey RCMP say missing family has been found and all are safe
Israel Mani (upper left), Samuel Mani (right), and Gabriel Mani (lower left)
Rimbey RCMP report that all 6 members of the Mani family have been located safe. We would like to thank the public and media for your assistance.
Please advised that due to privacy concerns RCMP are unable to comment on where the family members were located.
—
From April 9
News release from Rimbey RCMP
Rimbey RCMP request the public’s assistance with locating the Mani family. The family of six consisting of 39-year-old Winnie, 24-year-old Liliane, 18-year-old Debra, 15-year-old Israel, 14-year-old Samuel and 13-year-old Gabriel were last living in the area of Meridian Beach in Ponoka County.
Winnie last spoke with family over the phone on April 3, 2024, though the whereabouts of her and that of her children hasn’t been confirmed since mid March 2024.
On March 28, 2024, the Calgary Police Service notified the Rimbey RCMP of a 2013 Black Dodge Durango, registered to Winnie Mani was located March 24, 2024. The vehicle was abandoned in a private parking lot in south east Calgary near the Bow Habitat Station.
Rimbey RCMP are concerned for the families well-being and are asking for the public’s assistance. RCMP believe that the Mani’s may be in southern British Columbia.
If you have been in contact with the Mani family, or have information on their whereabouts, please contact the please contact Rimbey RCMP at 403-843-2224. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store. To report crime online, or for access to RCMP news and information, download the Alberta RCMP app through Apple or Google Play.
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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