Posted on 09/16/2023 6:10:29 PM PDT by CFW
Prime Minister Justin Trudeau has threatened to tax Canadian grocers in a bid to lower grocery costs for families nationwide.
"Large grocery chains are making record profits," he claimed Thursday. "Those profits should not be made on the backs of people struggling to feed their families."
While at the Liberal caucus retreat in London, Ontario, Trudeau demanded that grocers devise a plan to stabilize prices by Thanksgiving. Otherwise, tax measures may be on the way for Loblaw, Metro, Empire, Walmart and Costco.
Industry Minister Francois-Philippe Champagne said the feds would also engage with other actors in the food industry.
"We're going to start with the five largest grocers in Canada, representing about 80% of the market, and we're going to be in solution mode with obvious deadlines and very clear outcomes for Canadians," he said.
"We're going to bring them to Ottawa, talk to them about meaningful action, and if they fail, there'll be consequences."
(Excerpt) Read more at rebelnews.com ...
Obviously as clueless about economics as his dad was.
I’ll tax the street
If you try to sit
I’ll tax your seat
If you get too cold
I’ll tax the heat
If you take a walk
I’ll tax your feet
I’m the taxman
-George Harrison
When is Castreau’s term done?
Can he be reelected?
They’ve, probably, brought in enough immigrants and put them on welfare to secure all future elections, so Canada is done, too.
Thanks!
George ... Really still a kid just out of his teens! ... Had it EXACTLY right!
“Trudeau is that stupid.”
No. He’s that evil. He knows exactly what he’s doing and “why”. He is following the orders of his globalist masters.
Gov’t grocery stores....The next big thing in 2025.....
You would think that Canadians would have learned their lesson after electing his disastrous Father back in the 1970s.
Obviously Castreau skipped economics in favor of theater arts classes.
Of course their profits have increased. He moved a million third worlders to Canada last year to increase the number of customers at their stores.
So, how does the work? Food prices go up, so government adds more taxes, which further raise the prices. And this helps, how?
I have worked at 4 different grocery chains since I was a kid at 17—working at Kroger Divisional Offices in Madison, Wis.
In all the financial stuff I have seen with grocery profits-—they run 1.50% to 1.75% profit.
With all of today’s “SHRINKAGE” from thieves-—I would NOT be surprised if they actually are running at Zero profit or a net loss.
I have done accounting & bookkeeping for 66 years.
Any rise in costs to ANY business is passed onto the customer.
Little bastard.
But this time it will be different < /sarc>
Sorry, but this is a ridiculous comment. And who wants to make that idiot a Martyr? Better he just slink into oblivion.
His twin separated at birth is Newsom. God help us if he becomes our President.
Dementia sets in at an earlier age in Canada.
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