Justin Trudeau's government is trying to take control of the grocery stores and force them to raise their prices or else they will be forced to pay higher taxes and fees. This is a complete socialist takeover of the entire grocery system and it's absolutely insane.
00:00:00.000There's a pretty crazy liberal government scandal going on pretty much in plain sight right now that a lot of members of the general public don't even know about.
00:00:07.820I'm not sure if you've heard about this, but Justin Trudeau's liberal government right now is threatening Walmart and Loblaws into basically taking the blame for inflation in Canada or else they're going to pass legislation to cram down further regulations and taxes onto them.
00:00:25.840So as rational thinking adults, we all know that inflation is created in Ottawa.
00:00:31.700It's created by Justin Trudeau's government in the Bank of Canada through massive spending, raises in taxes, and by money printing, obviously prices are going to go up.
00:00:41.000There's a larger supply of cash around.
00:00:43.360Obviously, stores do not get nearly as much money from what they sell because of the taxes that they pay, so prices go up.
00:00:50.020But because Justin Trudeau and also Jagme Singh cannot take any responsibility for their own actions, they're going to Loblaws and Walmart and saying, you better sign up onto the grocery code or we will pass legislation and regulations, basically allowing government commissars to set prices for you, basically taking away control over sales and pricing from your companies and giving it to the government.
00:01:16.040They haven't specifically said what the legislation would be to counter the grocery stores if they do not sign on to this code.
00:01:22.100At the same time, it's basically implied that the government is just going to do by force what they can't do to the grocery stores through intimidation.
00:01:33.100It's the liberal government basically trying to monopolize the grocery industry by making it so that they all have to follow certain pricing codes, certain pricing measures, where prices can only go up so much per year because the liberals want to hide their inflation as much as possible.
00:01:50.020Grocery stores, especially ones like Loblaws and Walmart, those chains make about 2% profit on any product that they sell outside of impulse products, like if you buy pots and pans from them.
00:02:02.180If you buy like a cabbage or you buy crackers or fish or eggs or whatever, they're making about 2% profit.
00:02:10.660The grocery industry is all about volume.
00:02:12.740They are not price gouging anybody, but the liberal government and the NDP want Canadians to think that it wasn't their fault that prices are going up.
00:02:48.860But Jagmeet Singh and Justin Trudeau want to pretend it's Galen Weston and Loblaws and the other grocery CEOs who are just arbitrarily raising prices because I guess they all don't know what competition is.
00:02:59.800The idea that somehow grocery stores, because they're greedy, are just artificially raising prices is stupid because any other grocery store chain would just choose not to raise prices, and they would eat up the rest of the market because they would just have better sales than everybody else.
00:03:14.700The grocery stores, for the most part, are not engaged in any sort of price fixing.
00:03:19.320There was one scandal several years ago about bread being priced fixed in a lot of grocery store chains in which it was a scandal that maybe was $0.15 worth of bread being priced gouged.
00:03:34.260But the government is saying that because supposedly the grocery store chains are price gouging,
00:03:40.940the government is going to engage in price fixing in order to effectively force grocery stores to make less money and even potentially put them into bankruptcy.
00:03:50.900It's all under the guise of protecting the consumer or smaller grocery store chains.
00:03:56.520Actually, this will probably put even more small grocery store chains under because a lot of these larger ones will have artificially lower prices,
00:04:03.280which would just make it harder for smaller grocery store chains to compete.
00:04:07.200And then, at the same time, this would actually probably make a lot of other things in grocery stores that aren't being price fixed go up in price.
00:04:15.660Whatever the government is not going to force them to price fix is going to become more expensive.
00:04:20.840But regardless, the point of the scandal is that the government basically wants to have control over prices.
00:04:27.720That is something a socialist government does.
00:04:30.140And the liberal MVP coalition government is definitely becoming very much a socialist government.