‘Making the rich pay’ doesn’t pay

Ottawa does not fully understand the consequences of its policy

‘Making the rich pay’ doesn’t payBy Nathalie Elgrably-Levy and Valentin Petkantchin The federal government’s new luxury goods tax, which took effect on September 1, targets luxury cars, private jets and yachts. Without originality, it is part of the traditional logic of taxation which aims to “make the rich pay.” However, we often forget the economic, indirect and longer-term effects, which…

Government-induced competition rarely works

A U.S. program to increase competition in meat-packing won’t work

Government-induced competition rarely worksUnited States President Joe Biden recently introduced a billion-dollar program to lower food inflation by increasing competition in meat-packing. It’s likely ill-fated. A few weeks ago, a damning report out of Washington suggested the top U.S. meat-packing plants have increased profit margins by 300 per cent since the beginning of the COVID-19 pandemic. The report,…

Give us our daily bread: why a food cartel probe is necessary

The Competition Bureau’s investigation into bread pricing is likely intended to tell Canadian grocers to stop squeezing food processors

Give us our daily bread: why a food cartel probe is necessaryIs a bread cartel alive and well in Canada? The Competition Bureau is investigating major grocery chains in search of evidence of retail bread price fixing. Loblaws, Sobeys, Metro, Walmart and other companies have acknowledged the probe. Why is bread is being targeted by the bureau? Demonstrating beyond a reasonable doubt that grocers are colluding…