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onecaliberal

(32,862 posts)
Tue Sep 27, 2022, 07:06 PM Sep 2022

This is a great article on "inflation" AKA corporate record profits.


I think there is a lot of misinformation and misunderstandings floating around that are perpetuated by the media at times. And so where I would start with the conversation is to say that when we’re thinking about inflation, we need to understand that there are stark differences in how American households and consumers are experiencing the post-pandemic economy, versus how corporations are faring.

But corporations have turned consumers’ pain into their own gain. So what we’ve seen corporations do is that they’ve used all these crises as an excuse to pass on higher prices to consumers, padding their pockets in the process, and then funneling the extra money back to their wealthy shareholders and investors.

https://truthout.org/audio/corporations-price-gouging-may-hurt-them-in-the-long-run-says-economist/

Tax the rich!
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This is a great article on "inflation" AKA corporate record profits. (Original Post) onecaliberal Sep 2022 OP
They don't wait for a crisis ... Hermit-The-Prog Sep 2022 #1
They're just taking advantage. They're raking in record profits. onecaliberal Sep 2022 #2
And they want their favorite tax-cutters and de-regulators back in power. Hermit-The-Prog Sep 2022 #3

onecaliberal

(32,862 posts)
2. They're just taking advantage. They're raking in record profits.
Tue Sep 27, 2022, 08:55 PM
Sep 2022

They want wages to go back down. I don’t know what they’re smoking.

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