According to the Montreal Economic Institute, Supply Management pushes up to 190,000 Canadians into poverty.
As all political parties pledge their fealty to supply management, it’s worth realizing that the term “Supply Management” is grossly deceptive.
In fact, considering the impact supply management has on Canadians, it is really a Grocery Tax.
So, it should be referred to as the “SUPPLY MANAGEMENT GROCERY TAX.”
The Supply Management Grocery Tax hurts Canadians, particularly poorer Canadians.
In fact, according to the Montreal Economic Institute (MEI), the Supply Management Grocery Tax pushes up to 190,000 Canadians into poverty:
Here’s what the MEI said in a release:
“Supply management hits the poorest Canadian families the hardest by forcing them to pay $339 more per year to feed themselves,” explains Vincent Geloso, economist and co-author of the publication. “These measures are highly regressive, costing poor families five times more than rich families, in proportion to their incomes.”
The authors’ calculations show that a considerable number of Canadians are hurt by supply management. Using different thresholds measuring economic vulnerability, an estimated 133,032 to 189,278 Canadians find themselves in poverty because of this system.
“Supply management protects 13,500 Canadian producers of dairy, poultry, and eggs, but this represents just one eighth of all the farms in the country,” argues Alexandre Moreau, Public Policy Analyst at the MEI and co-author of the Viewpoint. “While it may help certain farms, supply management hurts 35 million Canadian consumers who are forced to pay higher prices.”
So, when the elites defend the Supply Management Grocery Tax, they are really defending a tax on groceries that pushes Canadians into poverty and takes money out of our pockets.
That’s why letting them get away with calling it just “Supply Management” is a big mistake.
It’s the “SUPPLY MANAGEMENT GROCERY TAX.”