Help me understand something. Corporate subsidies are supposed to create jobs, correct? What I'm about to share is a really simple example and I'm using rough figures but I'll attempt to explain using a back-of-the-envelope calculation how corporate subsidies really just amount to theft of our hard-earned dollars.
I've read somewhere that we're taxed an average of $5,000 a year to support corporations. Assuming the average national wage is $50,000, the cumulative corporate subsidies of 10 individuals should create a new $50,000 job, thereby leading to job growth of 10% a year. Assuming the Canadian job market has 20M jobs, that translates in to 2M new jobs a year. However, we know that what's actually being created is only a fraction of that and that many of these jobs are part-time and thus pay significantly less than the average wage.
(According to the article below, 34,300 jobs were created in August 2012, which 'blew past expectations'. However, on a normalized basis, we'd expect job growth of roughly 160,000 EVERY month given the logic expressed above.)
So, given that 2M new jobs are definitely not being created in the Canadian economy every year, whose pockets are the rest of my tax dollars lining and why aren't these thieves in jail??
http://business.financialpost.com/2012/09/07/canadas-jobs-growth-blows-past-expectations/
I've read somewhere that we're taxed an average of $5,000 a year to support corporations. Assuming the average national wage is $50,000, the cumulative corporate subsidies of 10 individuals should create a new $50,000 job, thereby leading to job growth of 10% a year. Assuming the Canadian job market has 20M jobs, that translates in to 2M new jobs a year. However, we know that what's actually being created is only a fraction of that and that many of these jobs are part-time and thus pay significantly less than the average wage.
(According to the article below, 34,300 jobs were created in August 2012, which 'blew past expectations'. However, on a normalized basis, we'd expect job growth of roughly 160,000 EVERY month given the logic expressed above.)
So, given that 2M new jobs are definitely not being created in the Canadian economy every year, whose pockets are the rest of my tax dollars lining and why aren't these thieves in jail??
http://business.financialpost.com/2012/09/07/canadas-jobs-growth-blows-past-expectations/
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