this post was submitted on 29 Jul 2024
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[–] joshhsoj1902@lemmy.ca 1 points 3 months ago

To clarify your point. The privatization in Europe has nothing to do with the lower prices, it's the lower tax rate.

In places like Ontario we "double dip" on revenue where the LCBO marks up alcohol as any retailer would and makes revenue for Ontario, but at the same time, alcohol tax is also collected.

When people talk about privatization of the LCBO, it's a portion of that retail markup revenue which we would be unnecessary giving away.