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Opinion | Bank of Canada’s fight against inflation is a war on workers
(www.thestar.com)
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this post was submitted on 12 Jul 2023
129 points (93.9% liked)
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@cyborganism @maporita The money that they pumped into the economy is going into the pockets of the corporations (and their shareholders) because the recipients had to use it to pay for essentials like food, and yet it will not be the corporations that are taxed to recover it. Why is the government essentially paying for the profits of corporations and their shareholders??? This only serves to exacerbate the gap between the wealthy and the vast number of poorer people.
Yes. Exactly.
They know that people's spending for basic needs was basically "subsidized", so they thought "hey! free money!" and jacked up the prices because they knew they could.