When it comes food price inflation in Canada, grocery stores aren’t the only issue

[Guest]

90% of carbon tax collected is returned to most house holds except for the most well off ones! So quit lying!

That’s bullshit and you know it
If there isn’t at least 50% admin charges I would be amazed

[newguy]

Again chuck
Carbon tax is infinite
It gets charged over and over and over and over …..lol

I would say pst is more infinite than the carbon tax.I do not like any new taxes but it seems many on here give Moe a hall pass.Moe knows it too.

[jazz]

Dude, the gst is applied to the carbon tax making both of them increase at an exponential rate. The pst is fixed.

Which do you think is going to increase faster over time.

This is grade 4 stuff. Whatever axe you have to grind with Moe, this aint helping your cause.

[Guest]

I would say pst is more infinite than the carbon tax.I do not like any new taxes but it seems many on here give Moe a hall pass.Moe knows it too.

So is the pst applied to food every step of the way like carbon tax ? I’m confused

[chuckChuck]

"For that, we'll go to Trevor Tombe, the University of Calgary economist who's well-versed enough in this matter that he can harness Statistics Canada data to figure out these indirect costs.

According to his calculations, these knock-ons do add to the impact of inflation, but they certainly don't double or triple the blow. In Ontario, the direct and indirect effects inflate prices by 0.207 per cent a year. In Alberta, it's 0.1875 per cent.

In other words, we can rightly blame Trudeau's carbon tax for about one-fifteenth of Ontario's current inflation, or one-sixteenth of Alberta's. "Relatively small," is how Macklem put it.

Tombe said there is fairness in critiques of the carbon tax, because the accumulation of gradual increases in the tax is making things more expensive, and will continue to do so as the per-tonne rate rises to $170 by 2030, when it will make up a significant chunk of Canadians' gasoline bills.

"It's perfectly correct for opponents of the carbon tax to point out that eliminating it would drop prices," the economist says.

"It's equally correct for supporters of it to note that it's not a driver of inflation."

These impact measurements do not account for the fixed-price rebate the Trudeau government makes to households every quarter, the climate action incentive payment meant to offset the carbon tax's added costs on vehicle fuel and home heating.

[jazz]

You are astonishingly illiterate chuck.

If a progressive tax is applied to the entire economy (including directly on factors of production) regardless of income or spending choices, which people have to find extra income to support and then the govt taxes the tax with gst and higher brackets of personal tax which was earned to cover it in the first place, then sets off inflation, which begets higher interest rates then starts this whole cycle again.

Its called an exponential function.

Your math skills are on par with Jagmeet.

And dont forget, the Liberals have a 2nd carbon tax coming which will be tacked on to all this.

Small numbers get big fast in an exponential equation.

[chuckChuck]

From the Parlimentary Budget Office

A Distributional Analysis of the
Federal Fuel Charge under the 2030
Emissions Reduction Plan

https://distribution-a617274656661637473.pbo-dpb.ca/7590f619bb5d3b769ce09bdbc7c1ccce75ccd8b1bcfb506fc6 01a2409640bfdd

"Considering only the fiscal impact, we estimate that most households will
see a net gain, receiving more in rebates from Climate Action Incentive
payments7 than the total amount they pay in the federal fuel charge (directly
and indirectly8) and related GST in Alberta, Saskatchewan, Manitoba, Ontario,
Prince Edward Island, and Newfoundland and Labrador (Table 1).
For Nova Scotia, we estimate that households in the third, fourth and fifth
income quintiles will see a net loss, paying more in the federal fuel charge
and related GST than they receive in Climate Action Incentive payments."

Last November, the PBO issued a separate analysis on the economic impact of climate change, warning that the costs in 2021 due to extreme weather had already reduced the GDP between $20 billion and $25 billion. It expects the GDP to be 0.08 percentage points lower every year as a result of climate change, even if Canada adopts all the polices currently underway to lower emissions and slow global warming.

https://www.pbo-dpb.ca/en/publications/RP-2223-015-S--global-greenhouse-gas-emissions-canadian-gdp--emissions-mondiales-gaz-effet-serre-pib-canadien

[chuckChuck]

So Jazz exponential function only applies to taxes, but not supply and demand that caused large increases in energy prices and commodity prices and the resulting impact on food inflation? LOL

[newguy]

So is the pst applied to food every step of the way like carbon tax ? I’m confused

Carbon tax has no more influence on food prices than Moe's oil royalty collected increasing huge amounts.Minimum wage increase is a direct cause of inflation.But we had all that and inflation was still very low.Only when a crop failure hit the same time as Putin started a war inflation spiked globally. I am surprised having to explain the effects of supply and demand to a farmer.

[Guest]

Carbon tax has no more influence on food prices than Moe's oil royalty collected increasing huge amounts.Minimum wage increase is a direct cause of inflation.But we had all that and inflation was still very low.Only when a crop failure hit the same time as Putin started a war inflation spiked globally. I am surprised having to explain the effects of supply and demand to a farmer.

Cmon Chuck
Grain prices have halved , still food goes up ?
Wake up