2017-06-21 Wed

Provincial Economics

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This is the level of thinking of the provincial government, also known as the throwaway-Liberals and, we hope, soon to be seen as ďThe Disposable LiberalsĒ.

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Letís start off with some simple arithmetic.

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Changing fees to suppliers from $3.71 to $503.71 is as close as dammit to a fee of $500 per 1,000,000 litres.

How much water is in the typical plastic bottle for personal use? I think that it is half a litre. Weíll come back to the And in the big jugs at the front of the supermarkets.

What does that little bottle of water sell for in the Food Court and the Variety Store and the ethnic restaurant? I think it is close to $1.50. Letís assume a 50% markup so that the retailer buys it for $0.75.

A million litres costs the supplier $500.

The million litres can be sold for $1,500,000

Can you divide 500 into 1,500,000? Iíll give you a minute or two.

Welcome back! Now. Do you think that the supplier is going to be worried at all by that $500? And suppose the supplier was worried, do you think that the supplier might pass it on as a cost-of-doing-business? And if so, to who?

Next topic: Whatís the best way of protecting ground-water resources? (Iíve made this a multiple choice question so you should find it easy to pick the correct answer)

[a] Leave it in the ground

[b] Pump it out of the ground

[c] I donít know

[d] I havenít a clue

[e] Honestly, Iím stumped!

[f] I am a provincial member of parliament.

How did you go? Did you choose [a]? If so, try harder to get elected next time around.

Third item of business.

If YOU were a provincial premier, would you try to discourage the use of bottled water by

[1] Banning the bottling of water

[2] Banning the retailing of bottled water

[3] Banning the bottling of water

[4] Banning the retailing of bottled water

[5] Banning the bottling of water

[6] Banning the retailing of bottled water

[7] Banning the bottling of water

[8] Banning the retailing of bottled water

[9] I donít know

[10] Slapping a $500 fee on a millions-of-dollars-a-month ecological piracy movement?

Choose just one answer from the list

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For those of you who, like me, have an advanced degree in pure mathematics, Iíve put a little poser here for you. This is an optional task today.

Given that Nestle (of all the bottlers stealing water) has permits for 4.7 million litres per day, and that they should pay $500 per million litres (except we havenít wrapped up arguments from their accountants and lawyers yet), how far could a bottled water truck travel on the excess fees per day?