Ontario offers electricity deal

[petros]

Well, well, well. Looky here: Large industries looking to expand or set up in Ontario will be able to qualify for lower electricity prices next year. Eligible companies could qualify for a reduced rate if they create jobs and bring new investment to Ontario. Companies that make a minimum investment of $250 million will be eligible for long term contracts at the wholesale market price, about 30 per cent less than current electricity rates. If the new jobs a company creates disappear, so will its lower rate. The Liberal government says lower rates will make it easier for large firms to expand.

 

[Machjo]

BS. If you want to raise my rates, go right ahead; but don't then turn around and have my rates subsidize someone else's.

 

[captain morgan]

BS. If you want to raise my rates, go right ahead; but don't then turn around and have my rates subsidize someone else's.

Sounds like a clear case of home grown dutch disease... This looks like a job for.... Tommie the Commie

 

[petros]

Maybe a Carbon Tax would help?

 

[captain morgan]

How about a nuke and hydro royalty on top of a electricity tax?

Taxes solve everything - no questions asked

 

[petros]

Taxes solve everything - no questions asked

Of course they do. Everybody wants to pay more taxes.

 

[Machjo]

Of course they do. Everybody wants to pay more taxes.

I don't mind paying more taxes; I recognize that someone has to pay our federal and provincial debts. My issue is with my taxes being spent irrisponsibly or subsidizing those who don't need the subsidy.

 

[petros]

Well, looks like you're going to be shelling out the business welfare before paying down debt.

 

[Machjo]

Well, looks like you're going to be shelling out the business welfare before paying down debt.

And that's a problem.

 

[petros]

It is. For business it makes sense to set up shop in a Province with a low debt ratio. It removes some of the risk of high taxation coming down the pipe.

 

[Machjo]

It is. For business it makes sense to set up shop in a Province with a low debt ratio. It removes some of the risk of high taxation coming down the pipe.

Plus, if you raise taxes now and pay off the debt with it, you avoid paying interest later.

 

[petros]

But according to OWS and "the gap" types, nobody has money except the rich.

 

[Machjo]

But according to OWS and "the gap" types, nobody has money except the rich.

OWS?

Most people have money. Many people just don't realise how far thir money can go.

 

[petros]

How far does it go when you are paying more taxes and subsidizing industry?

 

[Machjo]

How far does it go when you are paying more taxes and subsidizing industry?

In the long run it goes farther if I pay more taxes now to pay off the debt than later to pay off the debt plus interest.

On the other hand, it does nothing if it just goes to subsidize inductry. Sure it might bring prices down for sertain products and services, but then what's the point of taxing me more just to subsidize industry to bring the cost of goods down. Seems overcomplicated when you could just then lower my taxes and not subsidize industry.

 

[petros]

Reducing debt won't bring the cost of goods and services down.

 

[lone wolf]

Too bad they have to offer a deal on what once came a provincial service under many Conservative governments - BEFORE Harris'

 

[Machjo]

Reducing debt won't bring the cost of goods and services down.

You're absolutely right. However, it could lower interest rates.

 

[DurkaDurka]

BS. If you want to raise my rates, go right ahead; but don't then turn around and have my rates subsidize someone else's.

Actually, the province has been subsidizing residential electricity by 15% for the past couple years which is due to expire in the near future.

 

[Machjo]

Actually, the province has been subsidizing residential electricity by 15% for the past couple years which is due to expire in the near future.

Then a responsible government would raise rates by 15% and I'd be for that, as long as you don't make an exception for anyone. By the sound of the OP, it's looking as subsidizing some even more with the rest footing the bill.

Why is the government subsidizing my electricity? And why does it want to sobsidize others' even more!