Inflation (This is literally basically the same as the word doc, just in powerpoint format just in case it is easier for you) Civics issue The Civics issue which I have chosen is inflation. My main goal with this is to lower prices andor
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Presentation Transcript
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Inflation (This is literally basically the same as the word doc, just in powerpoint format just in case it is easier for you)<br>
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Civics issue The Civics issue which I have chosen is inflation. My main goal with this – is to lower prices and/or prevent them from rising any more. Inflation is a worldwide issue, affecting many different countries; not only that, but it is also tied to multiple different civics issues, including but not limited to: the housing crisis, unaffordable cost of living, and poverty. I also feel like it is notable that Canada is slowly fixing this issue, over time; however, there are many other countries who have not been as fortunate, and their costs are increasing majorly.
So far, what Canada has been doing about this issue is increasing interest rates, which does seem to have had satisfactory results. But those positive results are mostly for the more fortunate to begin with, as this really makes it worse for people who are struggling the most with money.
The prices keep rising, and wages have been getting higher along with it, however, not high enough to meet the average living cost now.<br>
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Ideas to Solve this Issue Printing less money, (not stopping it completely, but limiting it)
Putting a cap on prices (however this one would be quite difficult to do internationally, and if only one country were to do it, it would probably ruin the value of that one countries currency)
Keep going with the Monetary Policy that Canada is already doing, (but, like I already mentioned, that is not the best for the working class)
Or keep going with the Fiscal Policy, which also would not be the best for lower class
Controlling wages/capping (Which, also like the last two, would not be good for working class)
Repairing Canada’s supply chains, (Would only affect Canada’s economy, but still would do something at least) meow These are color coded, (pink, green, white), as I do not want to put all of these against each other. Think of each color as a different political party. I guess. I don't know how else to put it when comparing these lol. Also, I will be excluding white out of this as white is kind of what Canada is already doing, and to choose that would basically be free.<br>
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Comparison So, team pink would be capping wages and prices. Which would be bad for the country's economy. I believe that if this is put into place, then the prices should be capped a couple of months prior to the wages so people can get used to the changes more easily. And, not to mention, how much effort it would take from the government to put caps on all items; so maybe an easier way to do this would be only letting companies have one original price for their item, and then not letting them raise it. As for team green, the main two ideas for this one is repairing Canada’s supply chains and governing the amount of money being made. For starters, Covid-19 has really ruined supply chains for essentially the whole world. If Canada improved the country’s supply chains, then it would raise the worth of Canada’s currency. Which would improve availability and movement of goods, therefore helping with inflation. The next idea is just printing less money. Printing more money causes inflationary pressure. Less money would make the costs stop rising. Which, these two: I honestly can’t think of any cons for.<br>
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My Opinion<br>
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How I would make this change If I wanted to make this change, I would have to consult the federal government.
I think that the federal government would respond with a message like, “Thank you for your input, we will take this into consideration” and just never think about it again, or they would just not respond/ignore it lol.
The community would probably have mixed opinions, just like any community when a law typically is passed. The option I chose has the least complications towards an individual group (or at least I believe so, open to criticism), so I do not think it would cause too much of an uproar.
After taking this action, I would know if it succeeded if the % of inflation(cost rising) had decreased by a considerable amount.<br>
