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I think the government should do as little as possible, rescind the appropriations bills for any unspent funds for anything that is not absolutely necessary at this time, and reinstate all the Trump economic and immigration policies that produced the best economy I've seen in my now very long life. The government should promote the general welfare, not provide it. The answer to the economic problems we have is to get government out of it as much as possible and let American ingenuity and work ethic fix it.
Price gauging is quite common when there are oligopolies. Maybe those supermarket chains have to be split into smaller ones.
Angry Biden demands supermarkets reduce prices
Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election.www.dailymail.co.uk
At a recent speech, it was clear that Biden blames supermarket chains despite several factors beyond their control raising prices.
There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,' Biden said.
Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election.
'There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,' he said at a speech in South Carolina last week.
'Americans, we're tired of being played for suckers and that's why we're going to keep these guys - keep on them and get the prices down.'
White House aides told The New York Times that Biden was taking aim at supermarkets - and that more is to come.
OK, in normal people speak:
PRICE CONTROLS. Meaning shortages. They are going to make 1970s gas shortages with their lines and insanity (happen with groceries). Then there will be places that limit how much you can buy.
Blah, they will do everything BUT lower taxes, get rid of regulations (by regulation, I mean where they try and stop people from doing an actually bad thing by not allowing them to do other things) ... they will not get rid of government enforced monopolies, and they especially won't stop inflating the currency supply.
That and if inflation is the result of greedy corporations, why don't we have high inflation all of the time? It's not like the grocery lobby hasn't been fucking folks raw like forever.
This is stupid on so many levels. Beyond price controls=shortages, you have to consider how many grocery stores will just close up shop. Margins are tiny in that business and why EBT is so prominent in their business models.
What a FJB grocery store will look like:
The last COVID payments went out early to mid 2021 and were hardly enough to affect the baseline. It is now three years later. I trust the economists, especially the leftwing ones, who agree that the average American family has lost significant buying power. Those COVID payments would reduce that number, not cause it to look larger.Then it makes little sense to suggest that COVID-era financial relief is the appropriate baseline for what disposable income should be. People don't have as much real disposable income today as they did when the government was giving them money and suspending their financial obligations, true. They have more real disposable income than they did at the start of the pandemic, however.
Price gauging is quite common when there are oligopolies. Maybe those supermarket chains have to be split into smaller ones.
... that's an old trick: you reduce prices, you get rid of the competition , then you can fix prices.Economies of scale is why the large supermarkets can sell stuff at lower prices, thereby crowding out the smaller businesses. Competition between the large supermarkets precludes much in the way of price gauging, but the laws of supply and demand do come into play. Like a few years back when you couldn't find toilet paper, the lack of supply caused the prices to rise.
... that's an old trick: you reduce prices, you get rid of the competition , then you can fix prices.
Yes, there is some degree of competition between large supermakets in some places in others there is only one. The only option is a 50 mile drive.
... that's an old trick: you reduce prices, you get rid of the competition , then you can fix prices.
Yes, there is some degree of competition between large supermakets in some places in others there is only one. The only option is a 50 mile drive.
Don't be naive, there are transport charges and there is a limit on how far delivery services will go to distribute food.In this day and age of home delivery, large supermarkets are constrained by alternative ways to buy what you want. There are so many on-line businesses that for the most part precludes price fixing. And it seems to me that in most cases if you only have one big local supermarket where the only alternative is a 50-mile drive then that was your choice to begin with to put yourself in that situation.
Dictatorship of the Patriciate
Equity Is Iniquity. Owners Aren't Earners.You can't blame corporations for doing for their shareholders what they're supposed to do which is maximize the bottom line.
After all it's the wealth of the shareholders that the Biden administration keeps crowing about as a bellwether of the best economy in decades. Unfortunately that message does not seem to be making it all the way through to the bottom tier citizen where most of the volts lie.
So while Joe shareholder can go in and buy a 20 lb prime rib Joe stakeholder is in the same store struggling to pay for a head of lettuce. How this equates to a good economy is certainly a mystery to me.
Jo
True.....stakeholders deserve a place at the table as well.Equity Is Iniquity. Owners Aren't Earners.
They Already Have, As Low-Wage Waiters and BusboysTrue.....stakeholders deserve a place at the table as well.
Not a good enough seatThey Already Have, As Low-Wage Waiters and Busboys
Not a good enough seat
Today, It's "All for One, and That One All for Himself"Not a good enough seat
White-Slavery AuctionThey need to buy shares.
Why? The original "owner" didn't buy the ones he sold when he went public.
Only employees should own stock. Equal shares, salaries determined on how much the higher-salaried individuals contribute to the employees' dividends. All for one, and one for all.
I really doubt that...It is easy for a dumb and lazy President to insinuate that.Grocery stores (especially the big ones) are among the corporations that added on to the inflation we experienced.
