>ewan@nospam@ventnds3.telecom.com.au wrote:
>>Good to see you're still up to your old tricks in debating! You can't
>>just simply compare figures which are not directly comparable.
>>
>>$5M / 12 * 41 does equal $17M (or close enough), but you have ignored
>>the inflation and subsidies.
I assume the auditor generals 5million is the total cost of running
the line for the taxpayer during PTC control. The 20.3million is
assumed to be total subsides paid since then, excluding current PTC
costs for services not provided by the WCR.
>>Comparing $17M with $20.3M is nonsense. Instead you should be
>>comparing ($17M + inflation) with ($20.3M - subsidies).
>
>Assuming about 6% inflation, $17M from 3 years ago is now worth $20.2M.
>The fee for service to WCR is $16.8M, which is less in real terms than
>V/Line's cost 3 years ago even ignoring inflation!
Your 6% inflation is inflated, thats inflation for you. Again David
twists the numbers and uses the artifical boundaries privatisation
creates to give the impression that the WCR saves the government
money. The fact is the WCR has cost the government 20.3million in
subsidies not 16.8million. The Victorian auditor general concludes
there no measurable savings due to this privatisation. I agree with
him .
>Cheers
>David
Terry Flynn.