Quote:
Originally Posted by BoostedBB6
According to stats can there are 3,236,166 registered vehicles in the province of BC.
Currently ICBC charges $18 for replacement plates if lost/stolen/ect.
Now lets say that we pay a 100% premium on the plates and it costs the BC government $9 to make 1 set of plates.
Thats $4.50 per plate to be made.
$4.50 x 3,236,166 = $14,562,747
So with a savings of 14.5 million on plates the province of BC could focus on some other things.....like additional police members to pull over the yellow Porsche Boxter that blew past me on the highway doping well over 200km/h and nearly took out my car in his abrupt lane change putting the life of myself, my wife and 2 kids at risk.
PS. Yes, being stats can the numbers may be off but even if the plates cost $1 to make and only half the registers vehicles have plates that's still a savings of $1,618,083. To generate that revenue from plate tickets at $109 each that's 14844 tickets that need to be issued.....ill take a guess but they have not issued that many for plates.
|
Lol, this makes no sense.
First off, the plates already on the cars are paid for. This is called a "sunk cost."
Secondly, you have it backwards; ICBC would be worse off by not selling the second plate. If ICBC sold the plates for $18 a pair ($9 each) and made a profit of $4.50 per plate sold, they would be forgoing $29million in revenue and (by your calculations) $14,562,747 in profit! Heck if they could, I'm sure ICBC would want to issue a third plate to us to generate even more revenue. IF we did not have to pay for our plates, yes, ICBC would be saving money. In reality ICBC passes the cost to us. If we only needed a single plate we, the consumers, would be saving $9 each time we changed plates or get a new one.