Latest / Radio Baloney - The Richie Baloney Show! / Commie Has Bad Idea, Jagmeet Singh Wants Price Caps

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Commie Has Bad Idea, Jagmeet Singh Wants Price Caps · Radio Baloney - The Richie Baloney Show!

• 0:03
  So this is jag Mee saying he's the leader. If you're not from Canada,
• 0:06
  the NDP New Democratic Party in Canada is the most far left, looney,
• 0:12
  woke party in Canada. It's the party that Justin Trudeau is competing with.
• 0:16
  He's just nipping at their heels all the time. But I think they
• 0:19
  managed to maintain their slight lead in terms of being the most deranged, lunatic,
• 0:26
  far left woke party in Canada. And as you'll hear from this guy,
• 0:31
  he has some incredibly stupid ideas. Let's see, Jagbead is still going
• 0:37
  on about putting price caps on groceries. And it's just so obvious why this
• 0:41
  is a terrible idea that will fail miserably. But let's hear him talk about
• 0:45
  it over twenty dollars twenty three dollars for this olive oil president's choice twenty three
• 0:51
  dollars, and then yes, and this bag of apples imperfect president's choice again,
• 0:57
  the brand of Superstars of Loblaws nine dollars. So what do we want
• 1:02
  to do? A couple of things? Key things One is we could immediately
• 1:07
  put in place a price cap. We can put our price cap on a
• 1:12
  food essentials. On those food essentials that people need, we could put a
• 1:15
  price cap. By the way, I just want to interject, he drives
• 1:19
  her out in very expensive luxury cars and where's a rolex? And like ten
• 1:23
  thousand dollars suits. So he's one of those Champagne socialists. I guess you
• 1:26
  could say socialism for thee but not for me. And putting that price cap
• 1:32
  in place, what would mean is that you would immediately get relief if these
• 1:34
  companies don't lower their price. Okay, so the price cap, so capping
• 1:38
  prices on things like olive oil, bread, just food, immediately you'd get
• 1:42
  relief. But what happens like in a week or two, In a week
• 1:48
  or two, when it turns out that well, nobody actually wants to produce
• 1:52
  a product at a loss, so they just stop producing it. What do
• 1:56
  you say then, Well, I guess they don't think that far ahead,
• 1:57
  or maybe it's just really centical politicking. There's no intention to actually do it,
• 2:01
  but they know that they know that the people that they're appealing to are
• 2:08
  already idiots, so utterly ignorant of everything, everything that Matt should matter when
• 2:15
  you're going to go vote. So if they already know that they're idiots.
• 2:17
  They'll just I guess treat them as such. Doesn't seem right to me.
• 2:22
  I gotta say it says we would impose a price gap that would lower the
• 2:24
  price to your groceries. Secondly, liberals and conservatives gave these big corporate gross
• 2:29
  stores massive corporate handouts to the tune of billions of dollars. We would end
• 2:34
  those corporate handouts and instead invest in people. And finally, we would make
• 2:38
  these large corporate groceris pay their fair share and reinvest that into giving people a
• 2:43
  break. So what the margins are for a grocery store and a very good
• 2:47
  year, very good year might be four percent, Generally it's more like one
• 2:53
  or two percent, maybe two and a half percent. Net profit margins for
• 2:57
  food and beverage stores have increase from one point seven nine percent in twenty eighteen
• 3:02
  to three point two seven percent in twenty twenty two, which they call an
• 3:08
  eighty two point six eight percent at net profit margins. But it's one point
• 3:13
  seven nine percent to three point two seven percent. Those are razor thin margins.
• 3:19
  Okay, those are razor thin margins. And also they have to when
• 3:23
  the times are good and they can get three or even four percent profits.
• 3:29
  They can't just they're not just that's not just a bunch of people buying rolls
• 3:31
  royces at new swimming pools. Like. They actually have to put that away
• 3:35
  because they have to deal with fluctuations in prices. They don't just buy everything
• 3:39
  on the day. They have to predict six months a year from now,
• 3:43
  right. They sign contracts for prices, so they have to protict. They
• 3:46
  have to have a buffer for bad times as well as the good times.
• 3:50
  And even in the good times. Again, you're talking about a difference in
• 3:53
  a percent or percent and a half or two percent in profits. I value
• 3:59
  the fact I can go into a safe way and there's all different kinds of
• 4:02
  food available and we don't constantly have shortages or there's food what we simply can't
• 4:09
  get. If you want a scenario like that, you would listen to an
• 4:13
  idiot like this who's going to put price caps on We could immediately put in
• 4:18
  place a price cap. Yeah, that's nothing but pure and simple old fashion
• 4:26
  communism. Stupidity is just or the cynicism, you know, whatever you want
• 4:32
  to call it. It's if he limits the price of olive oil, to
• 4:34
  say, eighteen dollars a bottle, and it costs producers, distributors, and
• 4:39
  retailers twenty three dollars to bring it to you. The only thing, then,
• 4:43
  only one thing will happen. Producers, distributors and retailers won't sell olive
• 4:46
  oil in Canada. I mean, it's just fair. It's so obvious.
• 4:51
  He must know that. He must He can't be as dumb as he seems.
• 4:56
  Anyway. That's all I'm gonna say about that. Please like, share
• 4:58
  and subscribe. Sharing really helps me out. I thank you for that.
• 5:01
  I will see in an