For every minute that Toronto and Vancouver host 2026 World Cup games taxpayers will be on the hook for $644,000
money if only a fraction of the expected economic gains will lead to more tax revenue? Not only will hosting the World Cup games likely be a net money loser overall, but losses for taxpayers will be even more lopsided. Agreeing to host the games because of potential gains for businesses without regard to taxpayer costs is the very definition of corporate welfare.
Taxpayers in Toronto and Vancouver should be outraged. According to their charters, neither city can run an operating deficit, which means hosting the games will be paid for through higher taxes, reduced government services or a bit of both.Article content But taxpayers outside Toronto and Vancouver should be outraged as well. The federal government will be on the hook for$200 million for Canada to host the 10 World Cup games, meaning taxpayers all across the country will be financing this fiscal boondoggle.
Should taxpayers in Saskatoon or St. John’s be on the hook for a handful of World Cup games in two cities thousands of kilometres away? The obvious answer is no. While Canada’s governments have been “awarded” World Cup games, no money is yet out the door. Taxpayers should tell Canada’s politicians that the country shouldn’t be wasting tax dollars on their political vanity project. Canada should rip up the deal and let taxpayers in the United States and Mexico pay for the football festival.Share this article in your social network
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