Your ICBC rate increase could go to teachers
Editor: It seems to me that both sides in the teachers’ dispute with the government must save face somehow, in the search for a settlement. The teachers’ negotiators cannot back down from their outrageous benefit demands and save face with the union membership. The government cannot be seen as favouring one group of public employees by giving in to those demands, and risk the budget going into deficit.
So what is the answer to this dilemma. It’s easy.
If you can’t guess why your car insurance rates are about to go up when ICBC posted a profit just last year — that’s your answer. This government continually siphons off huge amounts of money from ICBC year after year ($250 million last year alone).
With the latest ICBC application for a rate increase of some 5.5 per cent or so, and a rubber stamp of approval from the B.C. Utilities Commission, the problem is solved.
That’s where the money is going to come from — who else but the poor schmucks who have to drive in this province.