Let's set up a prosperity fund in British Columbia that depends on tax revenues and royalties from the Liquefied Natural Gas (LNG) industry. Ignore the fact that none of the planned LNG projects have been built. Take $100M of taxpayers money to kick start the fund. Those would be the same taxpayers who were supposed to be benefiting from the fund, not paying into it.
Don't suppose she already has any plans for the money in the fund, do you?
Here is how it works. Inject a quarter of million tax dollars into the project to give the appearance that it is sound and ready for takeoff even though it will likely never get off the ground. Print and sell more BC bonds and certificates with the promise of great big payouts at the end of term. Hope like hell for runaway inflation so that at the end of the term when bond buyers cash in they get a lot more dollars back than what they put in. Never mind that the purchasing power of those dollars is a fraction of what it was when the bonds were bought.
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