Alberta
Alberta RCMP search for owners of a “priceless” object
From Athabasca RCMP
RCMP Athabasca Integrated Traffic Unit
On Saturday March 9, 2019 a joyous reunion was held at the RCMP detachment in Athabasca, Alberta. After nearly a week at large, a Toy stuffed cat was returned to her 18 month old owner.
On Monday March 4, 2019 members of the Alberta Sheriffs, Athabasca RCMP Traffic Unit and Athabasca Community Peace Officers were conducting a childseat compliance operation in Athabasca, Alberta. Passing vehicles were screened, and if a childseat was present, they were directed into a nearby lot to ensure they were installed, and being used properly and safely. At the conclusion of the operation two of the officers observed a toy stuffed cat laying in the snow in the parking lot where the vehicles were being examined. An investigation was began, and with the assistance from their media partners, the Sheriffs and Mounties were able to locate and make contact with the mother of 18 month old Charlie of Athabasca, Alberta, who was missing her “Kitty” terribly.
Charlie and her mother attended the Athabasca detachment to find that “Kitty” had quite the adventure, and while working alongside Sheriffs and Mounties in their patrol cars for the entire week posted many events to social media. As Charlie approached a police truck with it’s lights flashing, “Kitty” could be seen sitting inside wearing some Sheriff and RCMP kit. Charlie began to excitedly yell “Kitty, Kitty” and pointed to the inside of the police truck. Once inside, the reunion commenced with a fury of hugs and kisses for the missing beloved “Kitty”. After some photos with local officers, Charlie, her mother and “Kitty” then happily left the detachment to spend the day, reunited again.
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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