Quote:
Originally Posted by Bonded
None of those have to do with taxes though. You are basically saying that companies across the entire supply chain have been able to use the excuse of inflation to increase prices beyond what was needed to capture greater margins. Cost goes up by 2% and the supplier marks it up 3% so on and so forth. How would a tax break help with that?
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I re-read my post and I had worded it poorly. I am referring to GST, PST etc. Not income taxes or corporate taxes specifically for the grocery store sector or anything.
If we were to reduce the tax burden for families at the grocery store, that would go a long way of actually reducing the cost. For a lot of people, $1 saved is $2 earned.
I see it in my store and with friends with families. The struggle for groceries is real for a lot.
As a side tip, I do recommend people that people do grocery shop on some items at smaller stores as they may be surprised at the quality vs price. In a lot of ways, the meat at a local butcher or meat process facilities, the bread and baked goods at small bakery, the shoes at a locally owned store etc are very well priced.
The big dogs like Superstore, Walmart etc have mountains of inefficiency sometimes and since Covid and inflation has made the cost higher, people are naturally assuming they are always cheaper and driving more and more business there. They don't need to take a margin cut but the little guy may be cutting margins or not increasing them by their normal margin because they require the volume.