Quote:
Originally Posted by CorsiHockeyLeague
I haven't decided anything. You're proposing something that involves a massive undertaking to accomplish, nationwide, if it were to work, and I am unconvinced that it makes sense because you haven't given me any reason to think it would. I would therefore not vote for it, and neither would 90% of the country.
I don't agree with Cowboy89 on much, ultimately, but this strikes me as pretty much correct:
In essence, this is like a quintessential example of why the NDP has relegated itself to irrelevance. Propose something pie-in-the-sky that sounds enormously impractical, and when someone points out that it's impractical and there's a whole bunch of problems that would need to be sorted out beforehand for which no obvious solutions are forthcoming, accuse them of being corporate shills "bending over" for capitalist overlords while casting yourself as enlightened economic revolutionaries. And no votes are gained and nothing of value is accomplished.
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I mean, I linked an article that refutes the claim that food retail is not gauging us. Food Retail Profits have more than doubled since COVID.
Between 2017-2019 their net income was between $2B-3B per year. In 2023 their net income went over $6B. Considering how small our national population is, transferring $6B per year out of the population of Canada is a big number for something as universally essential as food.
Considering how quickly that accelerated, I do not think it is unreasonable to believe that we could get back to 2019+20%, which would be a big step up from 2019 numbers but 20% revenue increase over 6 years is still a big increase. Even if we could just reign that market in at $4B, it would be an unreasonable jump from the 2019 numbers but a 30% savings on where they got to in 2023.
Think about the teacher situation for a second, people were freaking out about teachers wanting a 12% raise over 4 years. The Food Retail market took a 100% raise over 4 years.