Did you read the post? 1/3 Canadians incur one of these fees per year, $600M annual savings. So yes, it’s an issue.

This measure isn’t a bandaid for what you describe. Imagine a scenario where you got everything you suggest here, living wages and higher tax on the 1%.

Would that mean that this NSF fee cap would be redundant? Not at all, we absolutely should be capping NSF fees as even in that scenario it’s a predatory poverty tax.

Things like tax rebates for services instead of capping prices, or subsidies for services if your income is under a certain threshold instead of making it affordable in the first place, those are bandaid solutions. That’s not what this is.