The Australian government will lift import tariffs on a wide range of consumer goods including toothbrushes, chopsticks and pens in an effort to lower rising household living expenses and business costs.
The Australian government will lift import tariffs on a wide range of consumer goods including toothbrushes, chopsticks and pens in an effort to lower rising household living expenses and business costs.
This is dumb. If people are paying the price, that’s the price and this will just allow the companies to scrape more money off the top. Removing taxes and regulation does not lower prices in a rigged economy because there is no reason for one global company to undercut the others when it can just sit back and enjoy the game as it is.
Whenever any new fees or taxes are introduced they pretty much always get passed to the customer as price increases or gradual decreases in how much product is in the package. There needs to be some means of regulating the price changes of at the very least daily necessities for any instances of this kind of change to work in either direction.