Study Suggests Poor is the New Rich in Canada
Posted Nov 4, 2013 12:33 pm.
This article is more than 5 years old.
A new report from the Fraser Institute reinforces calls for an overhaul or a major revamp to Canada’s Equalization program.
That is the program that takes wealth from the so-called ‘have’ provinces like Alberta, Saskatchewan, British Columbia and Ontario and re-distributes it to have-not’ provinces like Quebec, Manitoba as well as the Atlantic provinces and northern Territories.
The author of the report, “Super-Sized Fiscal Federalism: How Equalization Over-Serves Have-not Provinces,” says it’s not right that often, ‘have-not’ provinces offer superior programs and services compared to those in ‘have’ provinces.
Mark Milke says in real-people numbers between 2000 and 2009, the federal government spent more than $5-thousand dollars per person, per year in Nova Scotia, Prince Edward Island and Newfoundland, using cash it took away from Alberta, Ontario and B.C. to cover those costs.
Milke tells 660News Canadians don’t have a problem with sharing but don’t want their generosity abused.
