this post was submitted on 29 Jul 2024
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Much of Europe is privatized and their prices are much less than here. The main reason our prices are so high is the special alcohol tax the government puts on to discourage drinking.
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.