New Scandal: Will this be the worst yet?

This is going to turn out to be the absolute worst scandal / screwup in the history of Confederation. Virtually everybody and every business or industry is a slave to affordable Hydro and now she will be jeopardizing that and it won't be something reversible. The 407 is a 99 year lease, we still own it. Hydro will be a fire sale to balance a budget. Everybody knows I am no fan of big government but something as fundamental to our well being should never be sold off to investors you can't control.

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Originally Posted by terrym

something as fundamental to our well being should never be sold off to investors you can't control.

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I'll give you a ring when corrupt and inept politicians begin caring about such things... don't bother waiting by your phone, it will be a while.

Terry , I don't believe she said she would use the sale of hydro to balance the budget, She said it would be used for infrastructure SPENDING.

I wonder what would happen if she sold Hydro One to a company of Wall Street hedge funds or Con Ed in New York? How long do you think it would take for Ontario to "go dark"? That's where the next "scandal" will be and you can't unring a bell.:angry:

Problem is once we lose control of Hydro we lose control of a huge part of our economy. These damned imbeciles should be in jail.

This is wrong. I suppose the only way to fight it is to get yourself a private pension plan and contribute to it. I have one which isn't through work.

At this point they haven't said your plan would exempt you. The lack of details is both telling and troubling. The people who keep voting them in are exempt from this tax do only stand to benefit from the additional spending which could flow their way. She may say funding is for infrastructure but that is code for more and higher paid PS.

Don't think you will be exempt Dyth as she wants 1.9% from your employer and 1.9% from you , so even though you are contributing to your own fund it looks like you and your employer will be forced to contribute again. Big cahones she has.

At the end of the day, I would trust these clowns to organize a girl scout cookie drive.

As for Hydro One, anyone who thinks this will lower our cost of electricity as was stated in the announcement by the Liberals needs to buy some Arizona oceanfront property I have to sell. In layman's terms, 40% isn't an enough voting block to control major policy decisions. The Ontario Liberals green energy policy would also be under scrutiny as it is expensive and an investor, who is looking out for my wallet, wants low costs and high profits. Here is how a scenario about a vote to increase the price of electricity (or any other decision) would go:

Chairperson: One of the talking points today is an increase by X% of selling electricity in order to increase profits.

Stake holder 1: Increasing profits will increase my dividend. For.
Stake holder 2: Same
Stake holder 3: Same
Stake holder 4: Same
etc
Ontario government: No we can't do that because it will cost too much for consumers (or the more frightening option: I guess we have to go along with the rest of them but we can blame them because we only have a 40% control of the company).

The only way to reduce prices of electricity is to encourage competition and I don't think Ontario will let inexpensive energy from Quebec be available to consumers.

Dyth

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Originally Posted by Hunter John

Don't think you will be exempt Dyth as she wants 1.9% from your employer and 1.9% from you , so even though you are contributing to your own fund it looks like you and your employer will be forced to contribute again. Big cahones she has.

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As it stands right now I am self-employed. It will be interesting to see how this falls.