In Canada, same as else where, politicians claim inflation and the cost of living crisis can be solved by retailers lowering profit margins.
Martyupnorth®- Unacceptable Fact Checker
@Martyupnorth_2
Just some quick, back-of-the-envelope math.
If you' are a typical Canadian family you earn $100,000/year.
You pay $25,000 in taxes, and about $10,000 in groceries.
Jagmeet wants Loblaws to reduce its profit margin to ZERO so you can save more on the cost of groceries. If you spent all your grocery money at Loblaws, that might save you $400 - $800 per year.
If Jagmeet asked Trudeau to reduced your taxes by just 1%, that would save you $1,000.
Jason James
@jasonjamesbnn
Do you know who also expected grocers to reduce their profit margins to zero?
Hugo Chavez.
And when the grocers stopped bringing in food products they would make no money from or even lose money on, the Venezuelan government nationalized the sale and distribution of those products.
Do you know what happened next?
Those products were in extremely short supply or were often not available for purchase at all.
Socialists like Hugo Chavez and Jagmeet Singh are the worst kind because they know the potential damage they can cause, but refuse to admit it and proceed anyway because their ego believes they are special and an exception to the rule.
That's never the case. Food nationalization has a 100% starvation rate.
