Letter: ICBC is a tax grab to benefit government

Kelowna letter-writer says there is something wrong with ICBC

To the editor:

ICBC is owned by the Government of British Columbia and directly overseen by the Crown Agencies Secretariat within the Office of the Premier. In March 2010, our government publicly announced that it would require ICBC to pay the province dividends, thus signaling the end of ICBC’s operation as a non-profit Crown corporation. In doing so, no matter how questionable that public action was, it was for the benefit of all residents of British Columbia by way of a balanced annual operating budget.

There is something intrinsically, ethically and morally wrong with substantially increasing annual ICBC insurance rates to cover its accumulated deficit of $1.3 billion. Why are only B.C. drivers held responsible for the ICBC deficit when it was knowingly created by the government for the benefit of all? Like it or not, general personal tax increases or reduced government expenditures are the solution to cover our government’s financial concerns.

Government (one is just as bad as the other) needs to bite the bullet and stop the debilitating political fighting over this contrived political issue. Call crown corporations for what they really are; a tax grab for the benefit of government (that’s all of us) and let’s get on with what needs to be done today and the future of our great province and its people.

Patrick W. Olenick, West Kelowna

To report a typo, email: edit@kelownacapnews.com.


@KelownaCapNews
newstips@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Boil water notice in effect for Peachland

Interior Health recommends all customers drink boiled water or a safe alternative.

Final week for ALR input

Public consultation process closes April 30

Tax increase proposed to meet Lake Country facility maintenance gap

A draft of the Parks and Recreation Master Plan proposes tax increases

Top 5 places to take your dog in Kelowna

Here are our top five places to take your furry friend

COSAR makes Kelowna Law Day debut

The search and rescue team was on scene as Girl Guides were arrested left and right

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

‘When everybody leaves: Counselling key to help Humboldt move on after bus crash

Dealing with life after a tragedy can be the worst part following a loss

Half-naked shooter guns down four, runs away in Nashville Waffle House shooting

Nashville police say they are looking for Travis Reinking in connection with the shooting

Child’s body found in river downstream from where boy went missing during flood

Three-year-old Kaden Young was swept out of his mother’s arms in February

West Kelowna Minor Baseball finally sees the light

The local baseball association has stadium lights at its main stadium

B.C. VIEWS: Eliminating efficiency for farm workers

Don’t worry, NDP says, the B.C. economy’s booming

Kamloops RCMP respond to report of dead body floating in Thompson River

Body has not been located, searches to continue as river conditions improve

B.C. student makes short-list for autism advocacy award

Brody Butts honoured for his role as a mentor and self-advocate

Austin Powers ‘Mini-Me’, Verne Troyer, dies at 49

Facebook page confirmed his death Saturday afternoon

Most Read