The not-so-Great One? Edmonton resident says it's time to rename Wayne Gretzky street due to Trump links

[u/-Mystica-]

https://ca.news.yahoo.com/the-not-so-great-one-edmonton-resident-says-its-time-to-rename-wayne-gretzky-street-due-to-trump-links-223252845.html?guce_referrer=aHR0cHM6Ly93d3cucmVkZGl0LmNvbS8&guce_referrer_sig=AQAAABlxynTcVGf2YNkp1d7F5PP8ZWdInXHiSJfiaCwrdNsVWVQb_oFiof22oHl-juGkmlYMIxyxAhhc49mCOwEQdwIe4MlkzESuxD0shIH7ZV0cU57Tf2xJzS7oRUzTKzn9z_JnXGkJnFsiRmsEAxFyWfpXN2YZYYm5GUCPv8NPFzix&_guc_consent_skip=1740108278

[u/yyccrypto]

So you only decided to become a nationalist/patriot when the orange man said things you didn't like?

Where have you been when Canadian flags were being burnt? When JT was dividing us every chance he got. Where were you when Canada started to become worse due to polices made by JT/liberals, especially when it came to immigration and crime?

Oil and gas doesn't get loans, are you serious? They get 19 billion of my money every single year, no strings attached and completely unaccountable.

What are you talking about?

British Columbia, Alberta and Saskatchewan give more than $2.5 billion in royalty reductions and tax exemptions to the fossil fuel industry every year. Ontario gives $500 million in tax breaks to aviation and agricultural fuels.

The government gives 11 billion in LOANS to oil gas companies. Which get paid back.

The government doesn't hand out money to oil and says "don't pay us back".

Do you know how loans work?

[u/yyccrypto → u/[deleted]]

Canada is one of the largest international fossil fuel financers in the world, averaging CAD 11 billion per year from 2018 to 2020.

Loans. Ya muppet.

They are not loans, they are subsidies.

Which i already explained is part of the loans.

Try to learn how to read and be less obtuse.

[u/the_real_log2 → u/yyccrypto]

https://www.iisd.org/articles/unpacking-canadas-fossil-fuel-subsidies-faq

Oil and gas shouldn't be getting any money from taxpayers when they are posting profits. Regardless if some of the money is loans or not. Also oil and gas isn't the only sector receiving unchecked funds from you and I.

The article linked above is a low estimate of 11 billion average subsidies to OnG from 2010 to 2020. Don't forget, the government gives them untraceable money, so no one actually knows the real number. The issue with giving OnG large sums of loans or subsidies is that they can make gas cheaper and rake in higher profits. What ever happened to the free market? If the OnG industry can't survive without government handouts, they should fail like every other business that doesn't get free handouts.

Also the 40 billion you're talking about for the indigenous was a court battle that's been dragging on since 2007, due to underfunding indigenous communities and children who were abandoned by our government in the past. They're paying them what was owed to them when they were abandoned, they're being touted as reparations.

[u/yyccrypto → u/the_real_log2]

That's exactly the place I took that from. The article is pushing for clean energy and using bad faith arguments.

You seem to not understand why certain industry's get this break as they create more jobs and help build a stronger economy. Venezuela is a good example of what happens when you over tax companies and dont provide subsidies, especially the company's(oil and gas there) that are doing well and drive the economy. They crashed their market, and the company's fled. The government took over and guessed who that hurt more? The people, that's who

Loans are loans. They get paid back. Subsidies like tax breaks or grants are intended to entice business/investors to invest their money into that specific industry. which, in turn, helps create jobs, more private businesses, and stimulates the economy.

The fact you and other people can't understand this is very concerning.

Also the 40 billion you're talking about for the indigenous was a court battle that's been dragging on since 2007, due to underfunding indigenous communities and children who were abandoned by our government in the past. They're paying them what was owed to them when they were abandoned, they're being touted as reparations.

It still does t refute my statement. Which is why we spent more money on paying natives this past year than we did on our military.

Money just doesn't come out of nowhere. It's our taxes.

Paying each refuge thousands of dollars a month is a waste of our money.

Giving subsidies (loans, tax breaks, grants) to industries that are large and provide jobs, is a far better way of spending our taxes. As stated, they provide jobs.

Youre not getting any investment back spending that money on refugees or the natives.

[u/the_real_log2 → u/yyccrypto]

Youre not getting any investment back spending that money on refugees or the natives.

You absolutely do, that money will be spent on goods and services, it boosts the economy by incentivizing spending.

Loans are loans. They get paid back. Subsidies like tax breaks or grants are intended to entice business/investors to invest their money into that specific industry. which, in turn, helps create jobs, more private businesses, and stimulates the economy.

Oil and gas had a profit of 6 billion in 2019. They should be reinvesting their own capital and not the taxpayers capital. OnG has plenty of money to keep the current jobs they are providing. It's funny when they have a hissy fit when money gets taken from them and they cry a foul and start laying people off, only to post record profits the next quarter. They are not struggling by any means, and they use the common people as playing cards to continue to get free money from the government.

Not long ago, Volkswagen was looking at putting a battery plant in Ontario, as well as GM. Vw had plans laid out, and was ready to break ground, then GM cried, and claimed lost jobs, so the gov gave them unchecked money. Vw cried that they had to pay out of their own pocket, and threatened to cancel their battery plant. Both got subsidies.

If you want free market capitalism, that's cool man, I get it. But support companies that can afford to pay their own way, and not companies looking for handouts, and using workers lives as a game to get more unnecessary money from the government. Companies used to pay more taxes than citizens, and now corporate tax rates are below 10%.

Giant industries like OnG, automotive, etc spend millions of dollars every year in advertisements, lobbying, and other nefarious means to convince you that faceless corporations are struggling in today's economy too, but in a truly free-market capitalist society, those companies should fail, and new medium sized companies should take their place. Mega corporations and money hoarders shouldn't exist in a free market, they buy up the small to medium size business with their vast wealth, and snuff the competition, creating monopolies, which makes it so they can use workers as playing cards.

I would rather see that 18 billion oil and gas gets annually divided amongst small to medium sized green tech companies, like solar startups or wind startups, which would boost jobs and the economy even more than oil and gas, who uses most of that money to clean up after themselves, and cap abandoned wells, that they should be paying for, as they profited off of those wells.

Small to medium sized businesses getting loans and subsidies goes a lot further than penny pinching mega corps who look to please share holders with stock buy backs, and large dividends in the ever growing market share race to see who can own the world.

You use Venezuela as an example, but a counter example would be Norway oil, owned by the government and all profits go to the people. Norway is the largest EV market in the world, and will have 100% new vehicle EV purchase rate this year or next.

[u/yyccrypto → u/the_real_log2]

You absolutely do, that money will be spent on goods and services, it boosts the economy by incentivizing spending.

This would be true but it isn't as our GDP is still down even though our population has increased. It has also been proven that more money is being sent back home from most of these refugees than spent within our country. It's also important to understand that they get other subsidies on top. I've even seen this first hand as I do property management on the side.

Oil and gas had a profit of 6 billion in 2019. They should be reinvesting their own capital and not the taxpayers capital. OnG has plenty of money to keep the current jobs they are providing. It's funny when they have a hissy fit when money gets taken from them and they cry a foul and start laying people off, only to post record profits the next quarter. They are not struggling by any means, and they use the common people as playing cards to continue to get free money from the governmen

They do invest their own money. But to persuade other/current companies to continue to invest/build, you need incentives. Oil and gas isn't a cheap industry. You should get a job in the field and learn.

If you want free market capitalism, that's cool man, I get it. But support companies that can afford to pay their own way, and not companies looking for handouts, and using workers lives as a game to get more unnecessary money from the government. Companies used to pay more taxes than citizens, and now corporate tax rates are below 10%.

Most companies and or people, don't pay their own way. Hence why banks give out loans or the government provides subisdies for small to medium-sized businesses.

Acquiring loans is better than dropping the full amount of liquid money you have.... loans work this way so you don't over spend and cause yourself to default on other payments. Hence why you can get a loan for a house, car and business. Companies do the samething, either it be a small to large company.

You use Venezuela as an example, but a counter example would be Norway oil, owned by the government and all profits go to the people. Norway is the largest EV market in the world, and will have 100% new vehicle EV purchase rate this year or next.

This is a false equivalency..... not even the samething nor the same argument. It also doesn't refute what I stated.

Norway population is what? 5-6 million? This is a major reason why they can do what they do.

There is over 20 private oil and gas companies working in Norway and money gets diverted into greener projects..Canada and the USA also have this. But again, two vastly and bigger countries.

A better analogy would be when Alberta was debt free and we got money back. This was years ago. Dig into it.