United States car makers are now after tax payers' money from the rest of the world, having mulcted the United States tax payers of the usual incomprehensible series of noughts on the end of a large number.
Canada has closed its Parliament and now can hand over C$4 billion ($3.3 billion) as well as 'refusing to rule out further 'aid'. (Bloomberg).
Germany is holding out so far, but the only thing stopping New Labour making its contribution to cars'r'us-and-so-is-your-tax is the remiss failure to shut down democratic governance institutions in England for more than Christmas.
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2 comments:
Right on. See also Wilhem Buiter's blog: http://blogs.ft.com/maverecon/2008/12/car-manufacturers-the-case-for-doing-nothing-for-the-sector/
says it all.
the trouble is, if all the others are filling their boots up on taxpayer subsidies, then what if our lot dont get anything?
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