Thursday, July 21, 2011

Breaking: "Growing equalization payments to Ontario threaten country: expert"

coat of arms of Ontario Crest: Upon a wreath o...                          Image via Wikipedia
"Growing equalization payments to Ontario threaten country: expert"

“The poorer Ontario is, the less other provinces are going to get,” [expert Tom Courchene, economist at Queen’s University and senior scholar at the Institute of Research on Public Policy] says. “It’s a big issue and it’s going to get bigger.”

When Quebec gets eight billion in perennial transfer payments, it's building the nation; when lost-its-mojo Ontario gets two, it's destroying the country. 

Here's an idea: every province should get an equal subsidy. Anything less threatens to break up the country.

And that's the way the Ball bounces.
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Don said...

You're wrong. No province should get any subsidy. If they can't stand on their own two feet and the aren't willing to do anything about it, then it's their funeral.

Alain said...

Equalisation must end. It rewards bad fincancial management and penalises good financial management. It stems from communist ideology that even the Chinese Communists now reject.

RkBall said...

Equalization payments do not go to individuals; they go to provincial governments. This is why PEI, e.g., has a full-time Provincial Manager of Mosquitoes. PEI is over-governed specifically because of equalization payments going to the PEI government.

RkBall said...

Don. Sorry my attempt at satire failed. If every province is subsidized, who is paying for it?

"... nothing intellectually compelling or challenging.. bald assertions coupled to superstition... woefully pathetic"