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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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Governments. Both federal and provincial governments can manage corporate tax rates, and both provincial and municipal governments can manage property tax rates.
But each of these governments serve the will of the people, and all three governments ultimately serve the very same people. Good luck convincing the people that they should willing choose to pay higher taxes.
Yes, I should absolutely be more precise. All levels of government have levers they can use here. Though, Municipalities are mostly just trying to keep their heads above water without having tent cities or crumbling roads. They don't have a lot of bandwidth to think about their effect on inflation. Certainly, the provincial governments have plenty of power to do something.