Ian Morrison Profile picture
Sep 29 9 tweets 2 min read
Inflation is not caused by government, but rather a lack thereof. It’s caused by unfettered capitalism & greed culture—where a CEO is duty-bound to feed the insatiable shareholder as much as possible. Your high grocery bill is going to record profits, not carbon tax.#greedflation
To add: all of the arguments I’ve seen are about carbon pricing on transport, heating the store, etc. These are Conservative taking points designed to confuse the ignorant into blaming the government for something caused by a *lack* of government regulation.
So in a way, I blame the government too. Not for carbon pricing though, for a lack of regulation on excessive and opportunistic profiting from basic human needs.
There’s a grain of truth to the argument that carbon pricing caused a rise in food prices (pun intended). But this is *before profits*. If profits were the same, and prices went up, I’d have to agree. But my point stands: profits are way up, *after* any effects of carbon pricing.
In case it needs to be clarified, the OP does not say, or even imply, that carbon pricing does not cause food prices to rise, despite this being how many are reading it. Of course it does, but it’s not even a majority of the reason for the increase.
Unsurprising that most of the disagreement to this comes from accounts with libertarian or Bitcoin in the bio. A lot of people quoting Milton Friedman but conveniently leaving out the part where he says raising taxes is a way to balance government spending to avoid inflation.
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More from @IanDMorrison

Sep 29
Loblaw Companies Ltd. YoY net profit change:

Jun ‘21: ⬆️ 121.9%
Oct ‘21: ⬆️ 22.73%
Dec ‘21: ⬆️ 123.66%
Mar ‘22: ⬆️ 34.96%

So Loblaws was making huge gains, and this is all *after* the cost increase due to carbon pricing that we’re being told to blame for high grocery prices.
June ‘21 is only up 0.33%. This just means their profits didn’t increase *again* on top of the 122% last June. If that was the case last year then, sure, price increases could be attributed to carbon pricing. Instead we got both, & they’ve convinced many to blame the government.
Lest we forget that these corporations are getting help to profit like this. financialpost.com/pmn/press-rele…
Read 4 tweets
Sep 27
To all the unmasked public I interacted with over the past few days: you’re welcome. I had asymp. COVID the whole time & didn’t know it until now. I wore an N95. It was really easy to do. It wasn’t just about protecting myself. To those who couldn’t afford me the same courtesy:🖕
You know what.. no, it wasn’t easy to mask everywhere. I have hearing aids & glasses taking up real estate behind my ears, the last thing I need is N95 straps getting tangled with all that. 👏 I 👏 did 👏 it 👏 anyway. I lip read, but still encourage masking. If I can, you can.
Also, thanks to COVID, I’m in no mood for bullshit right now. Normally I engage with dissenters, critics, even trolls, and probably bots. Today I’m taking a page from @David_Moscrop’s book (not his actual book) and you’re getting instantly blocked with no reply.
Read 5 tweets

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