Only to a leftist would this be surprising.
Once again they confuse profits with profit margins.
If I have a 5% profit margin:
@ $100 I make $5.
@ $200 I make $10.
The profit margin is the same.
Leftists don’t take into account Bideennnnflation.
The price of diesel fuel affects everything.
Pass it on.
Apparently now the left thinks it's evil to provide food.
Protecting Biden from blame is the name of their game.
Just another organization of DemocRAT operatives seeking to shift blame for inflation from Bidet to business.
The Government is responsible for inflation everything else is smoke and oakum.
Profits are bad.......Profits belong to the labor that created them
Basic Democrat union philosophy
There are rumors of the UAW striking the Big Three to get some of the profits. There are going to be strikes as the Biden administration wanes and the opportunity for favorable treatment fades.
No need to read the article. When dividends are called “giveaways,” you know you’re dealing with an author that has a Marxist political agenda.
If a Republican is president every single I’ll in the economy or the country is directly tied to the president and labeled using his name, i.e., Reaganomics. Trump not doing enough or anything about Covid. Bush’s Katrina, etc. But with any Democrat its either some mysterious market force working, or it’s really a good thing, if you are only smart enough to see it that way. For example, high unemployment in the Obama administration was really a great chance to spend time with the family or discover new hobbies. Runaway inflation under Biden is the result of greedy companies and unaccountable market forces.
I remember under Trump and Bush, every single criticism was directly tied and personalized to the president. Democrats are never treated this way and thus nothing is ever really their fault.
Governments will never admit that they have debauched the currency, so they get their mouthpieces to blame ‘greedy kulaks’ and ‘enemies of the people’.
Fiat currencies continue to collapse in purchasing power. Merchants live in the real world, so they *have* to raise prices to meet their costs.
Fiat is a burning building. Time to leave.
Everyone I talk to says things are slowing down. Orders are going down and less product is being moved, and people are actually starting to worry about their jobs again.
I don’t know what kind of margin’s people are getting, but I doubt anyone besides Jeff Bezos is really raking it in right now
Gasoline back to $5 a gallon. Diesel back to $5 a gallon. A chomo idiot president who has done everything to destroy energy production. Tens of millions of turd worlders invading every civilized nation taking up housing and using resources, almost all on welfare. A UN cabal of commie marxists shutting down farms. GEE. Why would things be expensive.
The organization with the most greed, who just keep raising “prices” without regard to services provided. Or ability to pay. And can jail you or take away your property if you don’t pay.
That is, of course, the government in its many forms and levels and the taxes that always go up, but never down.
Sales tax when I was a kid in this state was 2%. Now it’s 7%. They say it’s because everything cost more. But if everything cost more their receipts increase at the actual inflationary rate, thus they don’t NEED to raise the percent to retain constant value tax income.
They have learned what big oil learned long ago. There is a ton of money in lagging the downward price of feed stocks and responding immediately to price increases.
The classic case of greedflation to me is the female ceo of nissan and gm stating that they intend to keep inventories artificially low to keep prices up. I hope this is as short sighted as it once was and they see people go where they can get a car for less money. Neither nissan or gm have a superior product that can command a higher price for either quality, features or prestige. You can usually only sustain a greater margin at the expense of volume for so long unless you have a truly better product in high demand.
The same goes for food and other things I should think.
However, I have blamed sustained high prices on greed from the new normal controllers of industry. Even as feedstock prices have moderated and settled they sustain higher prices and lower content volumes. A can of vegetables would feed a family of four easily in the past, now you have to strain the liquids to find the vegetables.
Yeah, there is a lot of greed going on and the people who receive the benefit never get enough until they stumble upon a trip to the Titanic as a way to waste their stack of money.