Government subsidies for business are greater than Canada’s entire defence budget | CBC Radio
Among the countries in the Organization for Economic Co-operation and Development (OECD), Canada ranks 25th out of 37 when it comes to public spending on social services as a share of GDP. That’s below that of the United States.
“Austerity-minded governments have been insisting that we can’t afford the rising costs of social programs without more deficits or higher tax burdens on ordinary Canadians. But the argument does not apply, apparently, to tax breaks or subsidies or grants for corporations,” she told The Sunday Edition’s guest host Peter Armstrong.
“I think the general public probably doesn’t even know how much money corporations are receiving from the public purse. And I think it’s in the interest of many people to keep that conversation very quiet.”