Around April 26th 2024, Justin Trudeau announced that he would help ONTARIO by matching Ontario’s corporate welfare with Federal government corporate welfare of $2.5 billion subsidies for Honda.
To start I’m not excusing Premier Doug Ford for giving Honda $2.5 Billion, however, it’s more understandable why ONTARIO, would give any manufacturer subsidies, because in actuality what Ford was doing was offsetting municipal as well as FEDERAL taxes.
Ontario has been voting for Liberals for DECADES, and Liberals in local, provincial and federal elections, has a lot of REGULATIONS on private businesses, that drastically raise the cost of PRODUCTION, which is on of the reasons China, makes a lot of things Canada used to make.
Now, if you read Trudeau’s $2.5 Billion in subsidies for Honda, his subsidies revolve around only offering subsidies if Honda goes through with the project, which based on Trudeau’s history as Prime Minister equates to him later raising production costs on Honda with the Carbon Tax and other Federal regulations.
Alberta is still struggling with the carbon tax, but Alberta’s government has been as generous with corporate welfare as Ontario; with that said, if you’re “Capital Power,” the writing appears to be on the wall that Canadian voters aren’t really an ESG friendly, based on what’s happening in Canada, voters may have imagined carbon taxes and ESG would have cost them NOTHING.
Now that it’s pretty obvious that the Carbon tax and ESG are going to cause PERMANENT consumer price inflation, North America is going through a shift, and what public perception of Environmental, social, and governance(ESG) is in 2025, nobody knows.
News Release: Taxpayers criticize Trudeau and Ford for Honda deal
| taxpayer.com
Currently, the Liberal SOCIAL MEDIA minions are in full force; those of us who have friends in government know that Leftists have their own folks in comments sections and all over social media, attempting to manipulate public perception of Trudeau when you have insiders and hear about how pathetic and desperate these Leftists are it reminds you how corrupt this Canadian government is.
Trudeau government increased federal employees 40% since election in 2015 | nationalpost.com
Spending on the public service has also grown since the 2019-20 fiscal year, increasing by 32-per-cent
Bryan Passifiume
Published Jul 10, 2023 • Last updated Jul 10, 2023OTTAWA — Another 21,000 federal workers hired since last year has brought the total added to the federal public service since Prime Minister Justin Trudeau was first elected to 98,268, according to information published online by the Treasury Board of Canada.
The federal public service, now at 357,247 employees, is nearly 40 per cent larger than it was in 2015, when the Liberals took power, when it counted 257,034 employees.
You have to also factor in that, for the most part, the Canadian mainstream media is as friendly to Trudeau as it can possibly be. Even with all that assistance, Trudeau is still struggling to garner support. If you’re in the “Green” energy business, you have to start thinking about your company’s future if Trudeau loses the 2025 election in a landslide.
If Capital Power is not going to be the beneficiary of any government assistance, why invest in carbon capture? You have to remember that all of these ESG-friendly companies are BANKRUPT without government assistance. Even the Green Pride and Joy of the Left Tesla Inc. can’t make a profit without Government subsidies.
Capital Power pulls plug on proposed $2.4B carbon capture and storage project
| taxpayer.com
ESG is a giant scam; it’s where capital goes to die, and you must remember that the Leftist wants Green, unionized, higher-paying jobs, and unions force wages upwards, which can work if there is actual MARKET DEMAND for something being sold.
However, if the government is fueling market demand by BORROWING money it has no plans to pay back and the private entity recipients of these government redistribution schemes are BANKRUPT or teetering on the edge of bankruptcy without ongoing government welfare, the ESG companies have to look to the POLITICAL arena, to determine if their “Green” investment are worthy of their EARNED capital.
Because ESG is indeed a pyramid scheme, in that the smaller companies end up purchasing credits or shares in the well-capitalized companies that are ESG-friendly.
The concept of ESG is to make otherwise viable companies BANKRUPT for ESG-friendly companies; now, once you comprehend that ESG-friendly companies are BANKRUPT without government subsidies, that’s when you start to understand the consumer price inflation problem better.
This is why it’s best to understand the STRUCTURE of the Honda deal; Trudau’s $2.6 billion revolves around his government’s ability to RAISE TAXES and production costs on ALL ESG-friendly businesses later.
ESG revolves around government control; if your ESG-friendly business says “No” to a leftist politician in the future, the Leftist politician can make an example out of you. People forget that Justin Trudeau’s Liberals have been making ongoing incremental changes to the tax code, and most of these changes are targeting ALL private companies, which the Liberals imagine as having too much capital.
Below is the Trudeau popularity tracker by Angus Reid; if the data does not show up below, you can click the link provided or search for “Trudeau popularity in Google”.
Approve/Disapprove of Prime Minister Justin Trudeau | angusreid.org
The Leftists will tell you that these taxes target the RICH, but as we’re seeing with “Capital Power” if the rich feel as though their tax bill is too, they’ll CEASE operations,and deploy their capital elsewhere.
Interesting times ahead!