Tax billionaires to further offset costs.
“Retail grocery margins in Canada are estimated at approximately 3-5 per cent on food items. Even if a City-run grocery model eliminated these margins entirely, this would translate to approximately $40-$73 per household per month in maximum theoretical savings (or $11 to $18 per person per month), and likely less once operating costs are considered,” the letter reads.
No way it’s 3-5% for the major retailers in Toronto proper. I’ve paid $12 for a few onions at Sobeys. Never thought I’d experience onion sticker shock. The same product at Lucky Moose is maybe $5.
Okay, what about the endcap sales and product placement on the shelves? Do they go by this and give the savings onto the consumer, or do they not take any profit from this kind of thing at all?
Non-profit just means that any excess goes back into the organization, rather than paid out to shareholders or as bonuses.
So they could use that money to order even more product, or staff more, or to be able to sell items at a lower margin or even negative margin.
Would it be considered bribery?
