• Viking_Hippie@lemmy.world
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    2 months ago

    I think the bigger issue is the Federal Reserve

    And you would be wrong and using a far right talking point.

    The federal reserve has no say on how much corporations charge for their goods and what they consider acceptable profit margins.

    An oversupply of money CAN cause a certain amount of inflation, but it’s almost nothing compared to corporate profiteering.

      • Viking_Hippie@lemmy.world
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        2 months ago

        Nowhere near as much as price gouging does. The people selling wares decide the price of them regardless of the money supply, which is mostly meaningless in a predominantly digital economy.

        The fed affects the interest rate, which has an indirect effect on prices, but the ones actually deciding what to charge for food, rent, or utilities are the final arbiters artificially increasing prices higher than they need to in order to maximize profits.

          • Viking_Hippie@lemmy.world
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            2 months ago

            Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and there’s many, many more.

              • Viking_Hippie@lemmy.world
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                2 months ago

                Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes.

                Their ACTUAL profit margins are significantly larger and growing.

                • LibreHans@lemmy.world
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                  2 months ago

                  Their ACTUAL profit margins are significantly larger and growing.

                  Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.

                  • Viking_Hippie@lemmy.world
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                    2 months ago

                    That’s just not true. And since this is the point where it’s clear that you’ll just keep repeating the same piece of misguided conservative orthodoxy over and over again, I’m gonna leave you to it.