Kamala doesn't know history much less how economics works..

[Cellblock2429]

Ohhh bullshit. When they see a valid reason to raise prices they tack on a little extra because who can sort out what is extra when all people know is that prices are going up

/---/ Open a business so we can see how you mark things up.

 

[healthmyths]

Aside from all the standard partisan bullshittery here...

One of my brothers and I just took a deep dive into Kroger Grocery's (Ticker KR) income statement. I had seen that their stock price had been fairly flat over the last couple of years, which would be weird if they were gouging.

According to their numbers, their profit margins have also stayed flat, at a little over 2.0%. That means that the increases had been coming up through the supply chains and feeding on themselves.

So if a Harris administration wants to stop gouging, they'll have to dig. And if the increases are indeed all along the supply chains, gouging will be tough as hell to prove. This is what it looks like when inflation feeds on itself.

Totally agree specifically with supermarkets' net profit margin.

"The industry average is between one and three percent, far below other retail sectors.
With such lean margins, grocery stores rely on high sales volume and inventory turnover to thrive."

Grocery Store Profit Margins: How To Maximize Profits in Your Store

Want to make your store more profitable? This guide will show you how to increase grocery store profit margins and drive success in your store.

www.itretail.com

So Cost Of GoodS (COGS) is by far the biggest expense at 68%

10 Grocery Store Industry Financial Statistics: Sales, Expenses, Profit and More

Discover key financial statistics for the grocery store industry, including sales, expenses, profit, and more. Gain valuable insights into the financial landscape of this thriving sector with 10 comprehensive industry statistics.

www.projectionhub.com

One of the big expense of COGS is the delivery of goods to the stores.
Almost all of it by trucks using diesel fuel...
In 2024 gallon of diesel fuel costs $3.92

2024 DOE Regional Diesel Fuel Prices | Transport Topics

2024 Diesel prices from the U.S. Energy Information Administration are drawn from a weekly national survey of about 400 diesel service centers.

www.ttnews.com

In January 2021 gallon diesel costs $2.681
An increase of 46%.
And folks here is ONE MAJOR cause of this 46% increase... even though USA oil production is at record amounts:

United States produces more crude oil than any country, ever - U.S. Energy Information Administration (EIA)

www.eia.gov

"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

Why would this idiot tell Americans he was guaranteeing to get rid of oil, i.e. diesel fuel, gasoline, etc. ?
All that did was cost the oil companies MORE money to build refineries, find oil, etc... so they pass that cost on..
today 46% increase on diesel is being felt by every American directly or indirectly!
Hence the cost of food delivery to supermarkets!

 

[Lesh]

/---/ Open a business so we can see how you mark things up.

I own a business jackass

 

[Auld Phart]

Sam Cooke - Wonderful World lyrics | Musixmatch

Lyrics for Wonderful World by Sam Cooke. Don′t know much about history Don't know much biology Don′t know much about a science book...

www.musixmatch.com

Kammie campaign song

when did she change it from:

 

[healthmyths]

I own a business jackass

I own a business jackass

So as a business owner do you spend over 68% of your revenue on goods?
Or do you spend over 68% on salaries?

Federal regulations alone are estimated to cost the American economy as much as $1.9 trillion a year in direct costs, lost productivity, and higher prices.
The costs to smaller businesses with 50 employees or fewer are nearly 20% higher than the average for all firms.

Small businesses pay on average $11,700 per year per employee in regulatory costs, and the costs of regulation to smaller businesses with 50 employees or less are nearly 20% higher than they are for the average firm. The regulatory costs of federal economically significant rules to small businesses amount to over $40 billion per year.

How Regulations at Every Level Hold Back Small Business

Since 1980, the U.S. population has grown by 40% while the number of companies started annually declined 11%.

www.uschamber.com

And now you appear to support the "price-gouging" of Kamala.
You realize that her efforts WILL INCREASE YOUR business costs in rules and regulations.

By the way you are evidently not aware that Trump that "asshole" Trump administration in 2020 alone dropped 3 rules and regulations for every one new one. There are now over 200,000 pages

plainlanguage.gov | Regulations

Plain language makes it easier for the public to read, understand, and use government communications.

www.plainlanguage.gov

So Trump knows as "billionaire" businessperson how much $$ "rules and regulations" cost our economy!
Also I guess you weren't in favor of the following chart?

 

[Cellblock2429]

I own a business jackass

/——/ So, tell us how you mark up your products/services.

 

[Lesh]

/——/ So, tell us how you mark up your products/services.

We charge what generates a decent profit.

Our rates are considerably lower than our competition and our revenue produces a decent return.

 

[Cellblock2429]

We charge what generates a decent profit.

Our rates are considerably lower than our competition and our revenue produces a decent return.

/—-/ So you’re a predator price gauged. Cut your prices in half and pay your help $20 a hour.

 

[Lesh]

/—-/ So you’re a predator price gauged. Cut your prices in half and pay your help $20 a hour.

That’s what you got from what I posted?

Hey asshole. We charge 15% less than our Competition you moron

 

[healthmyths]

Vice President Kamala Harris on Friday is expected to call for a federal ban on price gouging to lower grocery prices and everyday costs for Americans in her first economic policy speech

https://www.cnn.com/2024/08/15/politics/harris-price-gouging-ban-economic-policy-speech/index.html

Details...details... "the devil is in the details".

What price would Kamala suggest for a loaf of bread?
Price that was before she became VP which was: In 2020 loaf of bread $1.54 -------
Price today: Loaf of bread: $2.54 in 4 years nearly DOUBLE the price.

U.S. retail price of white pan bread 2024| Statista

The retail price of white pan bread in the U.S.

www.statista.com

So what will the supermarket, especially the smaller neighborhood store in what are called.."food deserts" that don't have enough volume?
The small "food desert" grocery store will have to pay MORE to the bread delivery group because THEY won't be able to give the "food desert" store the same discounts they are giving the supermarkets which buy at a larger volume and the delivery cost is lower, i.e. gas, labor etc.
So what will happen to the grocery store? They can't raise the prices on anything as they are the last stop in buying bread, etc.
Kamala and all ignorant people don't understand how this works don't obviously understand what "price gouging" is.
The small local grocery store in the "food desert" will close!

What was “fake news”? I provided links to professional reporting of bread prices. What was fake?

 

[healthmyths]

/---/ I guess CNN and the other tripe you listened to didn't report this gaff. It's proof she didn't write the speech, otherwise she'd know how to pronounce it correctly.
It's at 13 seconds:

Absolutely wrong! Thank you for showing this totally blunder when Kamala said first “gouging” and the “ gauging “ two distinct words! Wow if Trump said that be in every news article! I just did a search and zero comments about her mistake!

 

[CosmicRocker]

Vice President Kamala Harris on Friday is expected to call for a federal ban on price gouging to lower grocery prices and everyday costs for Americans in her first economic policy speech

https://www.cnn.com/2024/08/15/politics/harris-price-gouging-ban-economic-policy-speech/index.html

Details...details... "the devil is in the details".

What price would Kamala suggest for a loaf of bread?
Price that was before she became VP which was: In 2020 loaf of bread $1.54 -------
Price today: Loaf of bread: $2.54 in 4 years nearly DOUBLE the price.

U.S. retail price of white pan bread 2024| Statista

The retail price of white pan bread in the U.S.

www.statista.com

So what will the supermarket, especially the smaller neighborhood store in what are called.."food deserts" that don't have enough volume?
The small "food desert" grocery store will have to pay MORE to the bread delivery group because THEY won't be able to give the "food desert" store the same discounts they are giving the supermarkets which buy at a larger volume and the delivery cost is lower, i.e. gas, labor etc.
So what will happen to the grocery store? They can't raise the prices on anything as they are the last stop in buying bread, etc.
Kamala and all ignorant people don't understand how this works don't obviously understand what "price gouging" is.
The small local grocery store in the "food desert" will close!

one thing is for sure -DEI will be a main metric and totally screw up market based pricing

 

[BluesLegend]

Kamala doesn't know history much less how economics works..​

A month ago she was fetching Joe's coffee.

 

[HikerGuy83]

At least she knows Hannibal lector is a character and not a great guy. Lol

But she doesn't know that price control is an absolute communist.

 

[HikerGuy83]

Gouging is inflation.

Gouging is undefined.

It doesn't happen in a regular economic system.

It happens when there is a huge economic discontinuity ?

Harris has her head up her ass.

 

[candycorn]

What price would Kamala suggest for a loaf of bread?
Price that was before she became VP which was: In 2020 loaf of bread $1.54 -------

Here is the actual price of a loaf of bread:

So according to you, the price today is 54 cents cheaper than when Biden and Harris took office.

Your stats; not mine.

Seems she knows how an economy works perfectly. But please tell us how many new nuclear plants it will take to raise the price back to where it was under your blob.

 

[Mac-7]

Here is the actual price of a loaf of bread:

View attachment 997427

So according to you, the price today is 54 cents cheaper than when Biden and Harris took office.

Your stats; not mine.

Seems she knows how an economy works perfectly. But please tell us how many new nuclear plants it will take to raise the price back to where it was under your blob.

Dont overlook the size of the loaf of bread

 

[irosie91]

Dont overlook the size of the loaf of bread

I will summarize the FACT. The price of food is WAY UP. -----food !!!!!!!! that which all people need-----our political system RIGHT NOW is starving our children

 

[irosie91]

Directly from their website. Leftist bullshit.

VoteVets elevates the voices of Veterans and military families through progressive legislative policies

IMVO (In My Vaunted Opinion) basics should be subsidized----milk, flour, eggs.
Let people SURVIVE. Those who wish to eat lobster and caviar can do the paying

 

[Cellblock2429]

Absolutely wrong! Thank you for showing this totally blunder when Kamala said first “gouging” and the “ gauging “ two distinct words! Wow if Trump said that be in every news article! I just did a search and zero comments about her mistake!

/—-/ The Lame Stream
Media didn’t report Commie Harris’s gaff proving she did write the speech? I’m shocked at the oversight.