Monday, October 4, 2010

PotashCorp sale reduces Government Revenue



BHP Billiton's proposed takeover of PotashCorp could reduce Saskatchewan government revenues by at least $2 billion over the next 10 years while having little or no net effect on employment in the fertilizer industry, the Conference Board of Canada says.

Well imagine that. Over privatization not only restricts public accountability but it also reduces tax revenue. Kinda like what'll happen if they privatize Canada Post right after borrowing all those tax dollars to upgrade the technology. Can you say BC rail? How about Enron - The sad result of corrupt privatization.

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