let me get this straight, they have NO material costs, NO manufacturing costs, NO shipping costs and NO TAXES(since they are the tax) eating into their profits, and they still lost money??? only in America...
Posted on 10/01/2017 9:12:13 AM PDT by Olog-hai
After paying $216.7 million into the state’s general fund in the year ended June 30, more than twice the $100 million paid to help fund state operations the year before, the Pennsylvania Liquor Control Board had a bottom line loss of $114.3 million, according to the agency’s latest financial results.
Despite the strain from larger-than-usual payments to the state, the agency’s spokeswoman pointed out that its cash and short-term investments were only $66 million lower on June 30, despite the additional $117 million contributed to the state’s coffers.
The PLCB board told legislators that they are comfortable with a $185 million contribution in the current fiscal year. …
(Excerpt) Read more at philly.com ...
Only government could lose money selling booze.
Reminds me of the whorehouse in Nevada they managed to run into bankruptcy.
L
How the heck did they do that?
It takes a special kind of corrupt incompetence to lose millions running a liquor monopoly. People should think of this any time they begin saying, “The government should ...”
Short-term investments?! WTH are those idiots doing with the money they collect?
Drank up all the profits .... ur something
Does PA own all the liquor stores?
Update on Investigation of PLCB Officials Four companies to pay a total of $9.2 million in fines
From 2014...think I'm seeing a pattern here...
“Only government could lose money selling booze.”
This. They have a monopoly controlling one of the most in demand products in human history, and they LOSE MONEY? HOW?
Hookers and Booze. OnlY the government could be so incompetent. He’ll they are so screwed up they could fall into a barrel full o’ titties and come outsucking on a pecker.
I tried my best
Yes.
” It takes a special kind of corrupt incompetence to lose millions running a liquor monopoly. People should think of this any time they begin saying, “The government should .”
Get the stinking government out of it. Let the mafia run the liquor business in Pennsylvania. Even with the skim they would make a profit for the state.
Quite so. Think of any dysfunction in society. It will be made worse by putting government in charge.
I hope you’re being facetious about that false dilemma.
We have surrendered our God given instinctual rights to self preservation to the learned men. Men so learned that they ignore the fact of their destination if they're not following Yashua.
let me get this straight, they have NO material costs, NO manufacturing costs, NO shipping costs and NO TAXES(since they are the tax) eating into their profits, and they still lost money??? only in America...
Well, not only. But it does get reported in America, for the time being.
I wouldn’t say “surrendered”. Out of public ignorance, they were surreptitiously stolen.
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