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

[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

[chuckChuck]

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

What do grain prices have to do with fruit and vegetable prices for example? Nothing!

Commodity prices have come down from the recent peaks, but so has inflation.

Energy prices because of supply and demand have risen again increasing inflation.

Wake up Case!

[newguy]

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

Hate to break it to you but once something takes a bounce up it will take awhile to come back down and probably not ever getting back to where it originated.The time grain spiked buyers probably averaged out there yearly use to similar prices as today's price.As they would have prebought some so cheap.660 lb feeder steer calf almost $2500.00.Sounds expensive to many that just got spoiled on cheap food.Canada still one of the lowest % of income spent on food countries in the world.

[jazz]

What do grain prices have to do with fruit and vegetable prices for example? Nothing!

Commodity prices have come down from the recent peaks, but so has inflation.

Energy prices because of supply and demand have risen again increasing inflation.

Wake up Case!

What a bunch of malarky. In 2014 oil was $140 a barrel. Did you see rents and food double that year.

There have been a dozen wars, Iraq, Afganistan, Syria etc, didnt move the needle on inflation.

You literally have no idea what you are talking about. The carbon tax is the first tax in Canada to be applied directly to the factors of production and you can see the direct effect of that. Taxing the inputs on a product before its even made. Its the most regressive tax you could cook up. Of course its going to drive up prices.

[Guest]

Like talking to a wall ! Lol

[Guest]

Hate to break it to you but once something takes a bounce up it will take awhile to come back down and probably not ever getting back to where it originated.The time grain spiked buyers probably averaged out there yearly use to similar prices as today's price.As they would have prebought some so cheap.660 lb feeder steer calf almost $2500.00.Sounds expensive to many that just got spoiled on cheap food.Canada still one of the lowest % of income spent on food countries in the world.

Read jazz post above
Maybe it will help you comprehend

[newguy]

Read jazz post above
Maybe it will help you comprehend

So how would you explain a spike in inflation around the world at a similar time frame.? If the carbon tax was totally to blame inflation should be specific to Canada.check out inflation around the world.that may help you comprehend.

[Guest]

Ummm
Do you think it also had anything to do with everyone quitting working when idiots around the world shut economies down and paid them to watch Netflix ?

[cropgrower]

[newguy]

Ummm
Do you think it also had anything to do with everyone quitting working when idiots around the world shut economies down and paid them to watch Netflix ?

How did that explain how similar inflation in countries with no carbon tax?

[jazz]

So how would you explain a spike in inflation around the world at a similar time frame.? If the carbon tax was totally to blame inflation should be specific to Canada.check out inflation around the world.that may help you comprehend.

Central bank coordination, flooding the world with printed liquidity along side massive govt debt expansion.

You do know that every nation that has a central bank horse trades liquidity and currency and swaps all the time. In 2009, the federal reserve sent trillions to the EU and others.

And because the federal reserve uses the reserve currency as a weapon, it ends up exporting inflation to the world.

This is not hard stuff. It has literally nothing to do with supply and demand or covid or oil.

The carbon tax thrown into the mix with all that is just more fuel to the fire.