Billionaires LOVE that you blame taxes. (Canada: Explained)

Added: 2026-05-22

[00:00:01]Some of you learned one economics buzzword from a podcast dude in wrap-around sunglasses and suddenly think you've cracked the global financial system.

[00:00:13]And it shows. Like every time lettuce goes up 20 cents, some guy with a screen name like TaserFace420, halfway through a case of blue and a carton of darts, gets cute and tries schooling the rest of us on complex global socioeconomics from the front seat of his lifted truck like he personally audits the Bank of Canada. Yeah.

[00:00:36]Dude magically transforms into the world's leading expert on macroeconomics screaming, "Carbon tax!"

[00:00:44]Sir, you financed an $85,000 emotional support vehicle at 9% interest. A financial wizard you are not, okay?

[00:00:54]Meanwhile, billion-dollar corporations are laughing all the way to the bank while dude fights anyone in the comment sections who looks at him funny.

[00:01:03]Folks, we need to talk about greedflation.

[00:01:07]Now, before everybody loses their ever-loving minds in this comment section, let's establish something right away. Inflation is real. Supply chain problems were real. Fuel costs matter.

[00:01:20]Global instability matters. Wars affect prices. Climate disasters affect crops.

[00:01:27]Those are real economic pressures in the world.

[00:01:31]But what also happened during all this chaos is something called greedflation.

[00:01:37]And greedflation is when corporations use inflation and public confusion around inflation as cover to raise prices more than necessary because they know consumers already expect prices to rise.

[00:01:52]And folks, that happened.

[00:01:55]Yeah, especially in concentrated industries where a handful of giant corporations dominate huge portions of the market like groceries.

[00:02:05]And this is where I need some of y'all to stop getting your economics degree from the University of Facebook alumni, some dude named Freedom Beaver 1867.

[00:02:17]Because every time grocery prices come up, people immediately scream, "Printed money!"

[00:02:22]As if Mark Carney personally broke into Sobeys at 3:00 a.m. with a t-shirt cannon full of $100 bills and launched inflation directly into the produce aisle.

[00:02:32]Now, yes, fuel costs can affect transportation, obviously. Nobody's arguing otherwise.

[00:02:39]But some of you talk like carbon pricing added $18 to a cucumber and bankrupted every farmer in Canada.

[00:02:46]That's not reality.

[00:02:48]When economists and analysts actually broke down transportation costs spread over entire truckloads of produce, the added cost per item as a result of the carbon tax was often measured in pennies.

[00:03:01]Pennies, not dollars.

[00:03:04]And here's the important part. The consumer carbon tax is gone now.

[00:03:08]So, did grocery prices suddenly collapse overnight?

[00:03:13]No?

[00:03:14]Interesting, right? I wonder why. I mean, it's almost as if the carbon tax was never the giant cartoon supervillain y'all imagined in the first place. Aha!

[00:03:24]And yet the second you point that out, folks pivot faster than a prize-winning racehorse at the KENTUCKY DERBY. AHA!

[00:03:31]GOTCHA! The industrial carbon tax still exists.

[00:03:35]Calm down, Ken. Seriously. Because whoops, corporations were already posting record profits while people were blaming taxes for everything.

[00:03:45]That's the point.

[00:03:46]See, ordinary people are absolutely correct about one thing.

[00:03:50]Life feels brutally expensive right now.

[00:03:53]Housing, outrageous. Rent, highest it's ever been. Groceries, a second mortgage payment every month.

[00:04:01]And shrinkflation everywhere.

[00:04:04]People are stressed, and they should be angry. But the problem is, a lot of ordinary people have been convinced to aim that anger at literally everything except concentrated corporate power.

[00:04:17]Immigrants, taxes, bike lanes, public health care, libraries, the government existing at all.

[00:04:25]Meanwhile, grocery giants quietly post billions of dollars in profits.

[00:04:30]And folks, this is where we need to separate something very important.

[00:04:34]Farmers are not usually the ones making the massive fortunes here. A lot of farmers operate on surprisingly thin margins.

[00:04:43]Retail grocery margins themselves are often smaller than people imagine, too.

[00:04:47]The real money frequently gets extracted throughout the larger supply chain.

[00:04:53]Wholesalers, processors, large distributors, corporate concentration, shareholder demands, executive compensation, and market dominance.

[00:05:03]And when only a handful of corporations dominate massive chunks of the market, consumers lose leverage.

[00:05:10]Because where are you going to go?

[00:05:12]The illusion of competition starts disappearing real fast, doesn't it?

[00:05:17]And then corporations discovered something amazing during inflation. They could raise prices aggressively, and people would blame COVID, Justin Trudeau, carbon pricing, or immigrants.

[00:05:30]It was the perfect distraction.

[00:05:33]And before somebody wise cracks and gets all up in their feels and comments, "Printed money caused all this."

[00:05:40]That does not explain corporations posting record profits at the exact same time ordinary people were drowning.

[00:05:48]Two things can be true at the same time.

[00:05:51]Inflation is a real thing and corporations have exploited your lack of knowledge.

[00:05:57]Those are not contradictory ideas.

[00:05:59]And honestly, this is the part that drives me nuts.

[00:06:03]People are rightfully furious that life feels harder, but instead of collectively looking upward at concentrated wealth and corporate power, ordinary people keep getting tricked into fighting sideways.

[00:06:16]Workers versus immigrants. Neighbor versus neighbor. Middle-class people screaming at each other over taxes while billionaires quietly walk away with historic levels of wealth.

[00:06:28]And that is the real scam.

[00:06:31]Not public health care, not CPP, not libraries, not firefighters.

[00:06:37]The real scam is convincing ordinary people that the reason they're struggling is public services while corporations extract more wealth than ever before.

[00:06:48]And look, governments aren't perfect.

[00:06:51]Criticism is healthy.

[00:06:53]But too many of you genuinely think billionaires are your brave little freedom-fighting buddies while the real enemy is a public library and a carbon rebate check.

[00:07:05]And respectfully, that is some absolutely world-class propaganda right there.

[00:07:11]Anyway, folks, in an upcoming video, I'm going to tear into the oligarchs and more, so stay tuned. Make sure you're subscribed with notification on so you don't miss a single minute of the insanity.

[00:07:22]It's going to be a ride.

[00:07:24]Peace out.