Quote:
Originally Posted by bizaro86
$5 billion of government spending for 1000 manufacturing jobs seems like a lot to me. That's $5MM per job.
That $5MM would generate like $200k/year just in interest - seems like it might be more efficient to just cut those Ontario voters cheques directly...
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It's also about retaining the existing jobs. If they didn't invest to transition to EV production, how viable would the plants be 15-20 years down the line?
But yeah, the price of the tax credits is steep. But if we're going to compete with the US government spending like drunken sailors to subsidize businesses, that's kind of the reality. And maintaining a manufacturing base is also important long term given the geopolitical uncertainties in the coming decades.