Fuck it Iโm giving a $10,000 watch to someone who likes and retweets and follows me . Will respond in 24 hours . Will ship u a Rolex next day on god.
Let's do math:
VW will invest $7B in the battery plant in Canada.
Canada will provide $700M in initial capital investment + $13B in production subsidies (over 10 yrs).
It will create 3k jobs & up to 30k downstream jobs.
= ~$415k per job.
= ~$346 from every single Canadian.
If every job created has an avg salary of $100k;
The federal tax collection for the subsidy-break per job is ~28yrs.
The federal + provincial tax collection for the subsidy break-even per job is ~18yrs.
In other words Canada will not see a net **new** dollar of tax contribution from employment from the project, roughly, for 20 years not including government debt interest charges, roughly.