The NDP caused the Auto Insurance Problem in Alberta, now NDP Leader Rachel Notley claims she can fix it, by Nationalizing it! Auto Insurance is highest in NDP run BC – October 29, 2020,
Being that I’m an Ontarian, I genuinely thought no province in Ontario could pay higher premiums than Ontario, I turned out to be wrong. The idiots running the B.C government long ago deemed it wise to run an Auto Insurance monopoly which now is unionized and now has insurance pricing that appears to primarily benefit the employees ICBC.
A little info, The Insurance Corporation of British Columbia(ICBC) is a provincial Crown corporation in British Columbia created in 1973 by the NDP government of Premier Dave Barrett. I often laugh that people would be as dumb as to nationalize auto insurance, but then again B.C voted in NDP leader John Horgan who I like to call Mr. victimhood in a landslide.
Alberta actually shouldn’t be Canada’s richest province, that honor should belong to B.C based on simple geography, however, Democratic Socialism is hard to shake off and if you live under tyranny long enough, you’ll accept it and learn to live with it. Argentina as an example has frequent currency crashes and the people have gotten used to it, so in BC, there are still people who fight for ICBC, ofcourse many of the people fighting for the ICBC’s right to exist work for, know someone who works for or they believe they benefit from its existence.
The data shows that people living in B.C. pay an average of $1,832 annually, compared to $1,316 in neighbouring Alberta, $1,505 in Ontario and $717 in Quebec.
Data claims B.C. residents pay highest auto insurance premiums in Canada | CBC
In Canada, we pride ourselves in believing we’re better than the Americans are, this false confidence often comes across as insecurity when our socialist economic beliefs are challenged. I often read about so-called Conservatives fighting for protectionism also, so for myself, I’ve seen this story before, and all roads lead to an economic crash in Canada of epic proportions.
There’s a Problem in Canada’s Private Sector Let’s Grow The Size of Government Ideology
The easy answer the NDP and Liberals want Canadians to believe is that growing the size of Government fixes all problems, this s the common tactic used in Latin America, which leads to corruption. Labor unions in the public sector aren’t considered corrupt, labour unions are there to stop the Greedy Private Sector capitalists remember? Well, if there’s a labour union in the public sector, does that not mean that the Government and the taxpayer is corrupt too?
The public sector gets its money from the private sector and one of the reasons why B.C is a lot poorer than it should be is because ICBC, which also has to pay out for car accidents has nothing to compare itself too, there’s no real market element guiding ICBC, meaning ICBC has no competition, so their premiums are based on the money they’re projected to lose, ICBC can’t make cutbacks, it can’t leave, it can’t reform all it can do is raise prices.
The same is true with all crown corporations in Canada, their model is based on inflating prices, CMHC as an example since it started insuring mortgages, housing prices have continued to climb, which doesn’t benefit the public as while, it only benefits certain segments of the Canadian population.
The Liberals are discredited in Western Canada, but the NDP still has influence, Rachel Notley’s NDP government gradually raised the per hour general minimum wage from $10.20 in 2015 to $15 in 2018 and Jason Kenney wouldn’t dare touch it even though it’s one of the main reasons Calgary is in shambles. Nobody in Alberta even thinks about the disastrous effects their $15 GOVERNMENT minimum wage has had on the cost of living in Alberta.
Kenney not committing to keeping Alberta’s minimum wage at $15 an hour | edmontonjournal.com
The cost of living is way more important than a wage increase, government regulations equate to more complications for the private sector, now I can tell based on my experience with Latin America, that big government kind of sneaks up on you, it’s not like Canadians are going to be expecting hyperinflation, it’s going to sneak up on you, one day the prices of everything around has raised and the government will be silent, then you’ll hear the central bank is doing this or that and then you’ll notice there are still no changes to the prices.
Money is based on production and production is based on PRIVATE SECTOR profitability if the private sector can’t make a profit, the private sector will scale back and when the private sector scales back so to should the government, but you see the government in most instances won’t scale back, as is the case with the article below, Rachel Notley thinks that no is the time for the government to get even bigger, you see because she’s only thinking about the money coming into the government she’s not thinking about the money going out.
Just like Universal Health Care, people will waste even more government resources when they know something is a RIGHT! Sure ICBC could reject a person Auto Insurance, but now you have a disgruntled voter or you’ll have more people fleeing B.C, nationalising something is politicizing it. Anyway, the way the Canadian economy is structured we’re destined for a hard crash!
Alberta NDP endorses nationalized auto insurance, calls for premium freeze | edmontonjournal.com
Interesting times ahead!