As the Canada "tax holiday" starts, Walmart increased the price of an item by the amount I would have saved - eviltoast

Canada has implemented a new tax savings from December to February for some things like taxable groceries, crafts, and gaming physical media. I wanted to get a new Xbox controller and found the best price at Walmart for $55 a week ago. The tax holiday starts today and I now see that the $55 has increased to $62 and change, which is about how much tax I should be saving. Great to see this thinly veiled attempt to help Canadians ( /s - win votes) is just going to be extra profit in the corporations’ pockets.

  • masterspace@lemmy.caEnglish
    12·
    8 days ago

    Multiple competitors just results in them all agreeing to raise prices when taxes are lowered.

    Price signalling happens in situations with low competition, in a healthy, competitive market, if you raises prices someone will undercut you to take your business.

    Out of curiosity, how do you propose increasing the number of competitors? Or is this a situation of “gee, that would be nice. Oh well, I guess nothing can be done.”?

    You literally just break up grocery store companies and stop them from merging in the future. The solution is not complicated.