So, you don't think any government money should be provided to any tourism-related ventures, is that correct?
Yeah, that's
exactly what I said :roll: Why do so many people have an issue about Conservatives giving our money to the wealthy elite but never seem to bat an eye when the Liberals do it? In fact, they even make excuses for it like trying to say it's about tourism or yammer on about the economic benefits. Are you suggesting that Montreal has so little tourism the other 364 days a year that Trudeau needed to give $36 million to F1 for a once a year weekend event?
F1 is owned by Liberty Media, a massive company with revenues of $4.8 billion in 2015. Look at the sponsors of the sport, some of the wealthiest companies on the planet sponsor F1. Why do they need our money?
The Canadian Grand Prix has been called the biggest sports event in Canada. That may well be true, but that doesn’t explain why our taxpayer money should be going towards it. In fact, if it’s so big, shouldn’t it have made enough money that it doesn’t need an infusion of taxpayer dollars?
Those in power are also spreading one of the oldest lies in the book. They talk about all the economic benefit that the Grand Prix brings, as if that is the justification for spending tens of millions.
It’s a fallacy.
They never explain the possible benefit of that money going elsewhere, or staying in our pockets. Sure, spending money on a Grand Prix might bring in some sponsors and have what seems like a tangible benefit, but keeping that $36.2 million in taxpayers hands would create thousands of smaller transactions throughout the economy that would bring actual tangible benefits.
The only problem is that those benefits would be more spread out, and wouldn’t show up on a TV screen the same way – so the government wouldn’t get credit for it.