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LETTER: TransLink needs a lesson in Economics 101

Dear Editor: Fifty years ago I dropped Economics 100 after only three classes — I could see it was no place for me. Also I have not done my own taxes for 45 years.

Dear Editor:

Fifty years ago I dropped Economics 100 after only three classes — I could see it was no place for me. Also I have not done my own taxes for 45 years.

The other day I heard that TransLink had bought a building for $17 million (of our money) then sold it for $8 million, a net loss of $9 million. Then they leased the same building for thousands (of our) dollars per month and now they have bought the building back again.

I heard a TransLink spokeswoman say “It is a good deal for the taxpayers.”

Evidently, an example of their financial expertise? Will someone who did take Economics 100 explain how I — a taxpayer — stand to benefit from this, before I vote No?

Jas Derham-Reid
West Vancouver

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