this post was submitted on 15 Nov 2024
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I don't object since whomever sells those has already maximized their prices under the current conditions.
Price controls are also an actionable, short term solution. I want someone to stop the corporate friendly theater and bite into those profit margins in favor of the working class. I'm disappointed that Jagmeet isn't doing that and I see the NDP as the only party that might have the balls to do these things. I see this proposal as more of the standard ineffectual corporate policy. Like the stern finger wagging at corporations that we saw on display by bringing Galen for questioning.
Here's what I believe would be a better proposal:
"Singh to scrap GST on home heating, grocery meals, internet and mobile bills, diapers, kids’ clothes and introduce caps on profit margins on these items"
On a side note, sales taxes are obviously regressive. In general, on tax, I'm currently with the MMT folk. Taxes don't fund government spending. Their purpose is taking money out of the economy (to keep inflation in check) and modifying behavior - encouraging more of this, discouraging more of that. So I'm totally fine abolishing sales taxes altogether. But that's a much bigger and scarier shift than taxes/controls on necessities. 🥲