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I read that letter and there are a lot of points that cannot be denied. However, having a monopoly on something has never been good and somewhere I heard it is not even legal. Don’t quote me on that one. Again, there are a lot of positive points but can somebody show me one government run institution that runs the way it should? It might in the beginning and according to a lot of people, ICBC was the best insurance with the best rates, etc. etc.
But also do not forget governments are governments, operated the same way in probably most countries. They do not see all the different piles of money sitting around, dedicated for this and that. They think it is okay to take a little from the large pile and put it on top of a smaller one. I am even going so far out that I give them the credit that the taking was only temporary. It never was, we all know by now and it never will be and we all know that as well.
What I would like to know, is there a way to fix that problem? Very likely not and that is the sad part. Before it can be fixed we would have to change quite a number of things and that will never happen.
Looking at the poll in regards to ICBC a couple of days ago showed that the votes against have been three times higher than the votes for. I think the first bunch of votes came from an older generation and then the younger generation came in later. I compare this a little bit with the poll results and opinion letters on the price of gas. I am convinced that all letters in that regard have been written by older folks and the younger people just don’t give a damn. My reason, how can you complain about paying $1.10 for a litre of gas, then go inside and buy half a litre of water for more?
But to go back to the issue of ICBC, my first new vehicle I bought in Canada in 1979 was a GMC half ton pick up, with an 8 foot box and a Canopy for $7500.00! Yes it was a basic truck to haul up to three people in the front and a lot of stuff in the back. Now such a basic vehicle is not available anymore, period. Today's vehicles cost more than I paid for my first house.
So how can anybody expect to have the insurance rate from yesteryear for today's vehicles? But a lot of people say that they drive a 10 to 15 year old car or even older and have to pay more every year. That is because you are not paying for your car, you're paying for all the others that are way newer and way more expensive to buy and to fix.
Roger von Dach
