A six-year class action suit against Live Nation/Ticket Master awarded a $6-million settlement. Canadians have watched MPs in Parliament question communication companies, airlines, and grocery chain CEOs.
It's time for the provincial and federal governments to legislate a profiteering tax along with punitive fines against any companies that increase prices or use deceptive language to hide hidden terms that come into effect after people sign contracts.
The Taylor Swift Eras Tour resulted in hotels charging anywhere from $1,500 B次元官网网址� $3,000 per night; this affected people who needed to go to Vancouver for medical reasons or family emergencies. Parking went from $20 to $150.
Communication companies offer low prices for a two-year contract, people fall for it and within three months see their fees go up because of the B次元官网网址渇ine printB次元官网网址� or added fees for assumed or unknown services.
Government has a responsibility to the people to fix the profiteering going on under the B次元官网网址渇ree marketB次元官网网址�. It is crystal clear companies are taking advantage of consumers for essentials. During COVID, Ontario Premier Doug Ford made the commitment to punish the companies profiteering for masks which went from 99 cents to upwards of $5.99, and Lysol Wipes which went from $9.99 to as high as $50.
WebsterB次元官网网址檚 Dictionary describes profiteering as: the act or activity of making an unreasonable profit on the sale of essential goods especially during times of emergency. We have an emergency in housing, skyrocketing food costs, hospital emergency closures with severe shortages in health care, retiree income putting seniors on the street, and anyone renting in Vancouver/Victoria now pays 50-70% of their income for rent.
The government knows this is going on and accepts CEOs excuses of inflation, despite higher profits quarter after quarter. It is irresponsible for the government not to act B次元官网网址� their job is to protect people from theft. Doing nothing is killing democracy in this country and allowing corporate Canada to take us back to a two-class system.
The governmentB次元官网网址檚 answer to this growing problem is to give trinkets and trash with their two-month GST holiday and a welfare cheque of $250 which equals a week worth of groceries or two weeks of fuel for a vehicle. Big deal.
North Saanich