Mr McGuinty, you need to bring your ship - the Government of Ontario to a full stop regarding privatization. Especially when it comes to the LCBO.
Privatize Ontario Power Generation? Are you serious? We need government involvement in our power generation if we are going to transition into renewables and less polluting (nuclear) energy. $88 million a year in profits isn't anything to sneeze at.
Privatize the OLGC? Are you a moron? Think of the lost billions going into government coffers if you were to get rid of the only source of legal gambling a province of over 11 million people.
Privatize the LCBO? Are you a freaking psycho? It is the crown jewel in the provinces collection of Crown Corporations; it generates over 1.3 Billion dollars in profit every year. While it may seem attractive to get rid of it when you have a 24 Billion dollar deficit; think of the lost revenue in the future. That 1.3 Billion (which will likely grow) will be quite useful when it comes to paying down the debt the province has occurred.
I can see privatizing crown corporations that are a burden to the government, but you are considering getting rid of three of the successful, profitable crown corporations you have. If you do it, it will be a far more stupid, though less politically toxic decision, then the HST as you will have destroyed the finances of your Government for years after you gone.
McGuinty.... Klaatu barada nikto!!!
2 comments:
Tangent:
I challenge your assertion of nuclear being a "polluting" energy source as being baseless. All energy generation produces waste. Nuclear is the only one which is scalable to our current needs (even with conservation) while producing none of the most dangerous pollutant, carbon dioxide.
That was the point, it is less polluting then Coal, Natural Gas.
If you took it that I am against Nuclear Energy, then I apologize, I was suggesting that we should be investing in nuclear.
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