Frugality: The quality of being frugal; prudent economy; that careful management of anything valuable which expends nothing unnecessarily…
I was walking downtown with my son yesterday in the sweltering heat and we saw a 7-11 and decided a slurpy would hit the spot.
Well, a small slurpy last summer — and for many years before that — cost 99 cents + GST of 5 cents = $1.04.
But just before the Olympics, 7-11 bumped the price a nickel, to $1.04 + GST of 5 cents = $1.09.
Then, less than a month ago, just like Colin Hansen predicted (because he’s soooo good with predictions), 7-11 passed on the savings of the new HST to consumers by bumping up the price of a small slurpy yet another nickel, to $1.09.
With the HST, the tax is now 13 cents, and the total for a small slurpy is $1.22.
That’s almost an 18% increase in the cost of this simple, mass-produced item in eight months! To extrapolate that level of inflation across even a small sector of the economy could have disastrous ripple effects….
To wit, my son is now asking me for a raise in his allowance.
And, to avoid taking yet another hit to my own disposal income, I have decided to freeze my son’s allowance for the next decade.
To be sure, neither of us will be setting foot in 7-11, or any other overpriced chain convenience store, for a very long time, especially given the fact that they are part of the Western Convenience Stores Association, one of the six business groups who have launched the legal challenge to the NO HST petition.
Now, it would seem to me that, in a consumer-driven economy based on convenience and mass production, it can’t be a very good thing for the captains of industry to have parents all across North America teaching their kids about FRUGALITY for the first time in 50 years…