Thursday, August 14, 2014

A possible supermarket tax

Discussions on a possible supermarket tax:  http://commonslibraryblog.com/2014/08/14/how-would-a-supermarket-tax-work-in-england-and-wales/

The proceeds for such a tax should be allocated to young graduates in retailing (from Colleges of Further Education) opening shops that specialise in groceries and other supermarket products.  Thus supermarkets will be obliged to subsidise competition (perhaps three years of Business Tax for each graduate).  High streets will be revitalised, and many young people will find entrepreneurial employment.

Obviously prices in a specialist cheese shop in Bedford are going to be higher than discount products in the cheese aisle at the Bedford branch of Tescos.

But presumably many shoppers will be prepared to pay a little more if they know that a young person is to be supported.

And the supermarket oligarchy will have a self-correcting mechanism.
 

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