Greedflation

[TastySuckToy]

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What is their profit margins relative to their total gross income? Saying their profits are up 35% and 49% is not their profit margin percentage relative to their gross income. That's merely a measurement of their profits relative to previous profits, which does not require any change to a fixed percentage profit margin relative to total income.

 

[adrina]

What is their profit margins relative to their total gross income? Saying their profits are up 35% and 49% is not their profit margin percentage relative to their gross income. That's merely a measurement of their profits relative to previous profits, which does not require any change to a fixed percentage profit margin relative to total income.

It's amazing how much double speak you have to justify this bullshit.

 

[TastySuckToy]

It's amazing how much double speak you have to justify this bullshit.

You seriously don't understand how a business could have a static, or even lower their profit margins, and still obtain record profits?

 

[adrina]

A more than 40% difference in increase from 2020 and almost 40% for 2021.

It's like some people just want to shill for corporations and believe that everything they do is honest and that they can be trusted. But then some people (see above) are fools.

 

[Smuttyandfun]

This month, Canadians have boycotted Loblaws, one of the bigger supermarket chains. They own lots of different brands, so there's not much competition. Magically, since the boycott, some prices have started to come down, since the big three supermarket chains, along with Walmart and Costco have realized that consumers aren't powerless. And everyone knows they're being screwed and they aren't willing to put up with it.

No small wonder food banks are unable to cope with the demand, when greedflation is making the cost of food go through the roof.

Milk is sold in bags of three in Canada. And three one liter bags now costs just over six dollars. Which is crazy.

So, I wouldn't blame the politicians, I'd blame the ones raking in record profits off the backs of the consumers.

 

[TastySuckToy]

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A more than 40% difference in increase from 2020 and almost 40% for 2021.

Like I said, a percentage increase of profits compared to previous profits for a business doesn't mean they are price gouging or overcharging customers. They actually could've lowered prices to obtain this type of growth.

Do you not understand that?

It's like some people just want to shill for corporations and believe that everything they do is honest and that they can be trusted. But then some people (see above) are fools.

It's like you don't understand that pointing out a business has a significant increase in total profits doesn't tell you anything about how they achieved that end. More customers, cheaper prices, cheaper suppliers, more sales, better advertising, etc, etc.

How do you not understand this?

 

[adrina]

Like I said, a percentage increase of profits compared to previous profits for a business doesn't mean they are price gouging or overcharging customers. They actually could've lowered prices to obtain this type of growth.

Do you not understand that?

It's like you don't understand that pointing out a business has a significant increase in total profits doesn't tell you anything about how they achieved that end. More customers, cheaper prices, cheaper suppliers, more sales, better advertising, etc, etc.

How do you not understand this?

Yeah, they lowered the prices.... as the prices have increased. Do you actually pay attention to the crap you type?

It's like you aren't even paying attention to reality and just are in automaton corporate shill mode.

Prices aren't down. Supplier price increases have not kept pace with the increase of prices for consumers. Consumers are pulling back from shopping. Not doing it more.

How do you not understand any of this?

 

[RobDownSouth]

Yeah, they lowered the prices.... as the prices have increased. Do you actually pay attention to the crap you type?

It's like you aren't even paying attention to reality and just are in automaton corporate shill mode.

Prices aren't down. Supplier price increases have not kept pace with the increase of prices for consumers. Consumers are pulling back from shopping. Not doing it more.

How do you not understand any of this?

Assuming this is not a rhetorical question, the answer is "willful ignorance".

The fringe right has been suckling on the teat of "alternate facts" for seven years now.

They're very selective about the realities they accept.

 

[TastySuckToy]

Yeah, they lowered the prices.... as the prices have increased. Do you actually pay attention to the crap you type?

You're not listening. I mentioned multiple ways a business can increase its profit margins, and lowering prices is one potential way to do that if other factors compensate (like attracting more customers due to cheaper prices). I didn't say anyone did lower prices.

Prices aren't down. Supplier price increases have not kept pace with the increase of prices for consumers. Consumers are pulling back from shopping. Not doing it more.

How do you not understand any of this?

You posted two examples of businesses that had increased profits relative to previous profit reports.

You just handwave and claim that profit increase is due to 'greedflation', and ignore the realities of basic math, many other ways such profits can be generated and inflation (which is caused by the government, not businesses).

You need a lot more understanding of basic business operations and how government created inflation is the problem, not your local businesses. They don't control your money supply or what your dollar is worth, the government does.

But hey, keep blaming your grocery store instead of the government. And as more businesses go bankrupt and cease to exist, you can keep blaming the businesses instead of the real culprit.

 

[adrina]

You're not listening. I mentioned multiple ways a business can increase its profit margins, and lowering prices is one potential way to do that if other factors compensate (like attracting more customers due to cheaper prices). I didn't say anyone did lower prices.

You posted two examples of businesses that had increased profits relative to previous profit reports.

You just handwave and claim that profit increase is due to 'greedflation', and ignore the realities of basic math, many other ways such profits can be generated and inflation (which is caused by the government, not businesses).

You need a lot more understanding of basic business operations and how government created inflation is the problem, not your local businesses. They don't control your money supply or what your dollar is worth, the government does.

But hey, keep blaming your grocery store instead of the government. And as more businesses go bankrupt and cease to exist, you can keep blaming the businesses instead of the real culprit.

None of the things you listed aren't in play in reality currently.

Corporate profits across just about all industries are in record territory. This isn't just a few here or there.

You need a lot more information before you start trying to lecture me.

 

[Smuttyandfun]

Totally off-topic, but the Aunt Jemima bottle (especially the fact that it's empty) reminded me of that recent spate of name changes, although I don't think it's necessary in the case of their competitor Mrs. Butterworth's. In that case there's no image, just a distinctive bottle in a matronly shape that only looks dark-skinned when it's full of syrup. So technically, Mrs. Butterworth isn't Black, but rather Clear.

It wouldn't be so bad if they didn't jack up their prices at the same time they shrink the sizes. Nothing like being screwed twice.

 

[TastySuckToy]

None of the things you listed are in play in reality currently.

All businesses just stopped business operations? That's news to me!

Corporate profits across just about all industries are in record territory. This isn't just a few here or there.

Yes, exactly. That's inflation, not business greed.

Or do you think all these industries as one decided to twirl their mustaches and raise prices of everything across the board? I *wish* that was the case, because then any business that wanted to kill the competition would lower their prices and steal all the business from everyone else.

The government controls the money supply and how much the currency is worth. Not businesses.

 

[Lazaran]

You're not listening. I mentioned multiple ways a business can increase its profit margins, and lowering prices is one potential way to do that if other factors compensate (like attracting more customers due to cheaper prices). I didn't say anyone did lower prices.

You posted two examples of businesses that had increased profits relative to previous profit reports.

You just handwave and claim that profit increase is due to 'greedflation', and ignore the realities of basic math, many other ways such profits can be generated and inflation (which is caused by the government, not businesses).

You need a lot more understanding of basic business operations and how government created inflation is the problem, not your local businesses. They don't control your money supply or what your dollar is worth, the government does.

But hey, keep blaming your grocery store instead of the government. And as more businesses go bankrupt and cease to exist, you can keep blaming the businesses instead of the real culprit.

Price gouging / profiteering / greedflatiion is the excess cost of products to consumers BEYOND what can be attributed to normal historical factors like government policy, etc.

The cost of production has stabilized or decreased in MANY cases, and yet near monopolistic corporations are expanding their margins by INCREASING prices for consumers.



Also:

Concepts like “price gouging” “profiteering” and “greedflation” exist for a reason (documented instances in the historical record) - they are NOT figments of anyone’s imaginations.

Of course, gaslighting right wing corporate shills will say anything to convince people that price gouging, profiteering, and greedflation ARE figments of their imagination, despite the evidence and the historical record.



JFC

SAD!!!

 

[adrina]

All businesses just stopped business operations? That's news to me!

Yes, exactly. That's inflation, not business greed.

Or do you think all these industries as one decided to twirl their mustaches and raise prices of everything across the board? I *wish* that was the case, because then any business that wanted to kill the competition would lower their prices and steal all the business from everyone else.

The government controls the money supply and how much the currency is worth. Not businesses.

You're like talking to a wall. A very stupid wall.

Again, read this more slowly: None of the market conditions you list are in play in reality currently.

Come back when you know more.

 

[TastySuckToy]

You're like talking to a wall. A very stupid wall.

Again, read this more slowly: None of the market conditions you list are in play in reality currently.

Come back when you know more.

I run a business. You're full of shit.

 

[adrina]

I run a business. You're full of shit.

Whoop di do.

Doesn't make any difference when it comes to corporate price gouging.

 

[BabyBoomer50s]

All businesses just stopped business operations? That's news to me!

Yes, exactly. That's inflation, not business greed.

Or do you think all these industries as one decided to twirl their mustaches and raise prices of everything across the board? I *wish* that was the case, because then any business that wanted to kill the competition would lower their prices and steal all the business from everyone else.

The government controls the money supply and how much the currency is worth. Not businesses.

After decades of inflation rates averaging < 3%, all the farmers, manufacturers, retailers, pharmaceutical research and development companies, transportation companies, health care providers, housing providers, energy producers, travel and hospitality businesses, restaurants, etc all waited until 2021 to start getting greedy.

 

[TastySuckToy]

Whoop di do.

Doesn't make any difference when it comes to corporate price gouging.

Let me ask you something, adrina.

If the government decided tomorrow to give every citizen ten million dollars, boom, presto, the numbers are in everyone's bank account, what would happen to the economy?

Simple economic question, I'm curious if you can answer it.

 

[Lazaran]

I run a business. You're full of shit.

Which one of the near monopolistic MAJOR corporations that are engaging in the price gouging / profiteering that is responsible for greedflation do you “run”.



TaintyFuckBoi

 

[TastySuckToy]

After decades of inflation rates averaging < 3%, all the farmers, manufacturers, retailers, pharmaceutical research and development companies, transportation companies, health care providers, housing providers, energy producers, travel and hospitality businesses, restaurants, etc all waited until 2021 to start getting greedy.

Of course! The government doubling the money supply in just a few years compared to the rest of the money throughout the entire history of the country wouldn't have anything to do with it.

 

[adrina]

Let me ask you something, adrina.

If the government decided tomorrow to give every citizen ten million dollars, boom, presto, the numbers are in everyone's bank account, what would happen to the economy?

Simple economic question, I'm curious if you can answer it.

That's not what is going on though.

Dude, I don't have the interest in discussing and hearing your rationalization of your "conservative" "fiscal" "policy". You're a dumbfuck who thinks trickle down works.

And in an even further irony, the source of the inflation from money printing comes from the man who you would vote for. Thankfully you can't.

 

[TastySuckToy]

That's not what is going on though.

So you don't know. Fair enough.

 

[Lazaran]

After decades of inflation rates averaging < 3%, all the farmers, manufacturers, retailers, pharmaceutical research and development companies, transportation companies, health care providers, housing providers, energy producers, travel and hospitality businesses, restaurants, etc all waited until 2021 to start getting greedy.

BabyBoobs conveniently ignores the historical record and the facts in evidence indicating that price gouging, profiteering, and greedflation are very real.

Quelle surprise.



BabyBoobs



Side note:

Yeah, in 2021 the fat cats lost their "man" in the White House, so they cynically took advantage of their positions of near absolute power to GROSSLY enrich themselves, while simultaneously hurting the sitting President, Joe Biden, by exacerbating inflation. (BabyBoobs knows damn well that the sitting President ALWAYS gets blamed for the economy by the unwitting public.)



Side side note:

Putin started his little war of choice to hurt President Biden as well.



JFC

SAD!!!

 

[adrina]

So you don't know. Fair enough.

Whoosh. Straight over your trickle down head.

 

[BabyBoomer50s]

BabyBoobs conveniently ignores the historical record and the facts in evidence indicating that price gouging, profiteering, and greedflation are very real.

Quelle surprise.



BabyBoobs



Side note:

Yeah, in 2021 the fat cats lost their "man" in the White House, so they cynically took advantage of their positions of near absolute power to GROSSLY enrich themselves, while simultaneously hurting the sitting President, Joe Biden, by exacerbating inflation. (BabyBoobs knows damn well that the sitting President ALWAYS gets blamed for the economy by the unwitting public.)



Side side note:

Putin started his little war of choice to hurt President Biden as well.



JFC

SAD!!!

Why didn’t the “fat cats” take advantage of Clinton? Or Obama? What makes Biden so special?