NDP leader Jagmeet Singh says the Liberal government should respond to the rising inflation crisis by taxing excess corporate profits and redistributing the money directly to Canadians, with “ordinary families” receiving as much as $1,000.
At a press conference on Tuesday, Singh said: “We see clearly that corporations are making these massive profits, they’re making record-setting profits, and their record-setting profits are directly contributing to the cost of living going up.”
If companies were just increasing their prices to meet rising costs “then their profits would be similar to previous years. But they’re not,” Singh said.
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