Why get rid of a $1.55 billion winner?

I recently read an article in the Financial Post around alcohol sales and revenues that astounded me. I’ve always heard that that the LCBO is a winner for the province, but it’s a money-making machine with record-breaking profits! In the fiscal year of 2010-2011 $1.55 billion was transfered to goverment coffers from sales at the LCBO. With these kinds of profits, why would the government even consider cutting loose (privatizing) the LCBO? Shouldn’t Ontarians have their wine (in moderation, of course) and profits too?

Author: Claudia R.N.

Registered Nurse working as a Public Health Nurse SMDHU

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