Re:Why is Canada giving two automakers $30B in subsidies for...
by rolldat777 on Tuesday August 15, 2023 @12:31PM
(#37135986)
One way or another the company's obligations are down. Company revenue is ~$200B/yr so they will easily take advantage of the full tax exemption, which you could then think of as paying workers or any other business expense (pessimist note: I strongly suspect it will not go towards higher wages or better working conditions).
Re:Why is Canada giving two automakers $30B in subsidies for...
by s1artibartfast on Tuesday August 15, 2023 @12:57PM
(#37136285)
Volkswagen and Stellantis have 200B Canadian revenue? Where are you getting your numbers from?
That's 10% of Canada's entire GDP
The profits might not go to the workers, but whatever they will be getting paid to work at a battery Factory is more than zero for not working. If a battery Factory doesn't pay more than the next best job, they won't have any employees
Re:Why is Canada giving two automakers $30B in subsidies for...
by ClumsyPilot on Tuesday August 15, 2023 @09:12PM
(#37141565)
> Similarly, those workers won't have income tax exemptions
Seems unfair - why not give workers tax exemption instead, let the companies pay there way. You will attact the best talent, or so the theory goes!
Re:Why is Canada giving two automakers $30B in subsidies for...
by s1artibartfast on Wednesday August 16, 2023 @06:21PM
(#37154664)
In concept, that could work. People would be willing to take lower paid jobs if they were tax-free and therefore the cost of Labor at the battery Factory would be less.
However, the general Canadian public would flip their s** some people were given income tax deductions based on their job while they weren't.
You can't pay workers for 10 years with a tax exemption alone. You still have to make money selling product.
Similarly, those workers won't have income tax exemptions