Inflation Is The 1% Taking More And More And More Just Because They Can

[DanieRains]

More than anything else.

They need "higher margins" and "returns" and since we are a country of monopolies, they get it.

When was the last time an "industrialist" went to prison for price fixing?

Thought so.

[WA-03 Democrat]

1. What goes up

Sometimes never comes down. I wish President Biden would kill the tariffs and pressure firms to cut prices $ for $. Fighting an unneeded 25% China import duty is not helping. It’s a tax for fuck sake’s Republicans!

[Happy Hoosier]

2. That's how supply and demand work....

If I have two things to sell and three people want them then guess what? The two people willing to pay me the most get the things.

There is nothing wrong with that in general.

It becomes an issue when the things in question are essential items.

[DanieRains]

3. When We Are Being "Supplied" With Goods From Unregulated Monopolies Who Can Manipulate Supply

The demand means very little.

Try buying electricity in Texas during a storm.

We are being robbed.

[Happy Hoosier]

5. Which is why the market needs to be regulated.

WE need to prevent trusts and monopolies. And where monopolies make sense, they should be public services, not private businesses.

It's RIDICULOUS that monopolistic essential utilities can be be run as for-profit businesses, even when subject to rate controls.

[sop]

4. Smith's "invisible hand" of the marketplace has been busy picking our pockets.

It's ok when minimum wage and collective bargaining rules are set by government, but any effort to rein in corporate profiteering is "communism."

[ShazamIam]

6. Some inflation from the costs of coping with COVID, but no one in the media is talking price gouging

because the excuse of, scary inflation, is being used as an argument against the infrastructure and the budget reconciliation legislation.

[DanieRains]

7. The Billionaires Really Really Really Don't Want To Pay Taxes

Scorched Earth.

Literally.