Wait-list for Peace Tower flag now exceeds average Canadian lifespan

[White_Unifier]

https://www.cbc.ca/news/canada/nova-scotia/peace-tower-flag-waiting-time-99-years-1.4746229

Why not just charge a fee as a way to shrink the waitlist? Just raise the fee over time until we can shrink the waitlist down to between three weeks and one year. Whenever the waitlist exceeds one year, Heritage Canada could raise the fee. Whenever it drops to fewer than three weeks, Heritage Canada can lower the fee. It would solve the excessively long waitlist and bring in some revenue.

 

[Ron in Regina]

The current cost is $150. The wait list is 99yrs...how much (theoretical guess) does the price have to be jacked up to drop the wait list to below a year (?) let alone 3 weeks? Who at that point would be able to afford this? As a guess, what %'age of the current 34,000,000 Canadians would be able to afford this?

 

[White_Unifier]

The current cost is $150. The wait list is 99yrs...how much (theoretical guess) does the price have to be jacked up to drop the wait list to below a year (?) let alone 3 weeks? Who at that point would be able to afford this? As a guess, what %'age of the current 34,000,000 Canadians would be able to afford this?

I don't know and probably nobody knows. Start off at the cost of the flag and shipping and handling, wait three weeks, and see how much that might shrink the list. If that still doesn't shrink it enough, double the price every three weeks until the list finally shrinks to within a year. Once that's accomplished, Heritage Canada could always tinker with the price over time until it finally sits at a price that brings the waitlist to between three weeks and a year.

From a revenue standpoint, the higher the price, the better.

 

[Ron in Regina]

Until I read this Thread, I'd never even heard Peace Tower Flag being offered to the public. Never dawned on me. Didn't know they swapped it out weekly to offer them (the gently used ones) for sale for $150 a pop making it affordable to almost every Canadian. If your proposal to raise the price until the weekly swapped out flag's waiting list is under 1 year (from 99 years) down to three weeks before it's lowered again means that the 52 flags available to the 34,000,000+ Canadians annually (based on the highest bidder) would by 52/34,000,000 on the high end (that's 0.0000016% of Canada's population), and it's too late to bother to calculate what 3/34,000,000 works out to as a %'age of the Canadian population on these flags switched out weekly to get the wait list down to three weeks. That's pretty exclusive. That's where I was try'n to go in post#2. Taking the ability away from the general population by pricing it for only the ultra-super wealthy would shorten the waiting list I guess, but that's very bad optics and creates a political pariah out of a non-issue.