ELITES: Trudeau Gives $36.2 Million In Taxpayer Money To Formula 1 Race

The federal government is running massive budget deficits. Our country has serious problems, including underfunded infrastructure, poverty, and millions of forgotten citizens.

So, what does our “wise” federal leadership decide to spend $36.2 million of our money on?

A Formula 1 race.

The Trudeau government is giving tens of millions of our money to “keep” the Canadian Grand Prix at the Gilles Villeneuve raceway until the year 2029.

Elites get richer

It’s absurd that taxpayer money would go to a Formula 1 race. Formula 1 is owned by Liberty Media, a massive company that reported revenue of $4.8 billion in 2015.

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?

Why should such an event – part of an organization owned by wealthy elites – be getting money taken from us taxpayers who are already strapped for cash? Just look at some of the sponsors on the Formula 1 cars. Some of the biggest corporations in the world are involved in it, and yet, Trudeau thinks they need some of our money?

This is another example of the elites who control government using the power to tax in order to enrich their well-connected buddies.

Meanwhile, real problems go unsolved.

Economic lies

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 also bring 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.

The establishment media is both too ignorant and too closely connected to events like the Grand Prix to point out this truth, and as a result, the government keeps on taking our money and giving it to events that should the sole domain of the private sector.

Spencer Fernando

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The elites want to hide their many failures behind political correctness, deception, and manipulation. We need to push back and spread the truth.

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