Quote:
Originally Posted by iggy_oi
So what you’re saying is you want the government to give the businesses a break and probably want to convince people that those savings will trickle down to consumers but instead of just saying that you decided to post it as “Can the government assist their own people and perhaps reduce the taxation on items at the grocery store?”
Seems pretty misleading.
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GST is paid by end users and increased prices result in a much higher tax revenue to the government. That's not a "government give business a break"
It's the end users who are paying the higher food costs. When it comes to shipping costs and how they have exploded, items are being marked up across the board a lot more than this 7% inflation everybody keeps talking about.
A pallet of an item that retails for $1.99 at $125 a pallet doesn't get marked up to $2.13 when the shipping costs go to nearly $500. It's getting marked much higher.
If we really had 7% inflation, we really wouldn't have everybody struggling. We have restaurants charging prices of 25% + over last year.
My family is in the specialty food/import business so not really in the random Canadian groceries business per se.
In April, alcohol taxes are increasing 7% across the board. In a place like BC, they are increasing provincial tax, federal government tax, BC liquor tax. We are putting taxes onto taxes. Probably why a $15 bottle of wine may have $9-10 in taxes.
The governments across the board deserves some serious blame with regards to inflation. Even some of the largest unions in Canada are wondering what the hell government's are doing other than sitting by while the Bank of Canada increases rates, rightfully so to squeeze consumer and business spending. Is there anything that can be done? Can we improve efficiency at the ports? Improve highway and railway transportation systems? Encourage employment in the trucking and warehouse sector?
We got Jagmeet Singh in a beautifully, bespoke tailored suit and a love of $5-25k watches grilling "the rich" about taxes, profits and incomes. Perhaps when our federal leaders come to the table with some actual solutions to the problems we can get serious about inflation.