@grte@lemmy.caM to CanadaPolitics@lemmy.ca • 1 year agoFreeland touts need for grocery competition after Loblaw, Metro post higher profitswww.winnipegfreepress.comexternal-linkmessage-square7fedilinkarrow-up132file-text
arrow-up132external-linkFreeland touts need for grocery competition after Loblaw, Metro post higher profitswww.winnipegfreepress.com@grte@lemmy.caM to CanadaPolitics@lemmy.ca • 1 year agomessage-square7fedilinkfile-text
minus-square@frostbiker@lemmy.calinkfedilink1•edit-21 year ago If you tax their profits, they can raise their prices all they like, those profits will just get taxed, too. They still make more money than if they didn’t raise their profits. It doesn’t incentivize then to lower their margins like competition would. A business is not like an individual. A heavily taxed individual may choose to work fewer hours or retire early, but a business won’t.
minus-square@Mongostein@lemmy.calinkfedilink1•1 year agoThen we need a bunch of crown corporations. One each for groceries, gas, and telecoms.
They still make more money than if they didn’t raise their profits. It doesn’t incentivize then to lower their margins like competition would.
A business is not like an individual. A heavily taxed individual may choose to work fewer hours or retire early, but a business won’t.
Then we need a bunch of crown corporations. One each for groceries, gas, and telecoms.