Plenty of crown corporations make money. Canada Post made $95 million in 2012. The Liquor Control Board of Ontario (which is probably the closest comparator we have to what Sunstone is suggesting) makes nearly $2 billion per year for the Ontario government.
Perhaps the US should outsource prostitution to the Canuckistanians, eh?
I've noticed some accounting sleight of hand here in Americastan when arms of gov
claim they're profitable:
- They get exemption from or favorable treatment regarding building & housing codes.
- They sometimes get exemption from signage ordinances.
- They exempt themselves from zoning regulations.
- They pay no property taxes on their facilities.
- They need no financing for their facilities.
- They pay no licensing fees.
- They receive gov subsidies when encountering rough patches.
- They sometimes use free labor from people sentenced to community service for brushes with the law.
- They sometimes have legal barriers erected against private competition.
- They pay no income taxes.
With such heavy subsidies & protections, how could they not make money?
And yet somehow, many still manage to lose.