Industry Minister Francois-Philippe Champagne says he’s ‘disappointed’ in the lack of transparency Canadian grocery store giants have offered so far when it comes to tackling food inflation. He’s sending a letter to Canada’s Commissioner of Competition to express his dissatisfaction.
Who is saying only to tax the big grocery chains? It would also affect other industries (like oil and gas), according to the terms by which applicable price gouging is defined in the law. The point is to discourage unwarranted price increases by making them unprofitable after a certain point and according to specific metrics, not to punish specific industries. If you’re not familiar with the concept, you could research it further and not just broadcast your assumptions or pretend it would be done in a vacuum where no other shorter term measures could be established.
I’m well aware of that, I’m referring to the original poster’s thought thread.