When your opponent calls you ‘communist,’ maybe don’t propose price controls?

[Drop Dead Fred]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

 

[Toddsterpatriot]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

No one has ever accused her of having a clue.

 

[The Duke]

Commie can't help but Commie. They're Commies, it's what they do!

 

[Votto]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

The grocery either shuts down or the government takes it over as the government runs them like they do the border and the economy.

 

[MisterBeale]

I think both sides might have some truth in this.

Inflation has been primarily all the government's fault, so they want to create a bill making it against the law for mega conglomerates to overcharge, after it was government that allowed them to consolidate too much of the market, thus causing damage to producers, and suppliers. . .

Opinion | The Real Reason Your Groceries Are Getting So Expensive (Published 2023)

Grocery-retailer consolidation is damaging our food system, stifling innovation and making everything more expensive.

www.nytimes.com

https://archive.ph/DRWUY

"Food Fresh is the only grocery store in a rural stretch of southeastern Georgia. It has many five-star Google reviews praising its freshly butchered meats, tomato bar and friendly service. Yet it faces a threat to its survival that no amount of management skill can overcome. Big retailers like Walmart and Kroger “have a handle on suppliers that I can’t touch,” said Food Fresh’s owner, Michael Gay. The chains wrest deep discounts from suppliers, making it impossible for the store to come close to matching the chains’ prices.

To understand why grocery prices are way up, we need to look past the headlines about inflation and reconsider long-held ideas about the benefits of corporate bigness.

Like other independent grocers, Food Fresh buys through large national wholesalers that purchase goods by the truckload, achieving the same volume efficiencies the big chains do. What accounts for the difference in price is not efficiency but raw market power. Major grocery suppliers, including Kraft Heinz, General Mills and Clorox, rely on Walmart for more than 20 percent of their sales. So when Walmart demands special deals, suppliers can’t say no. And as suppliers cut special deals for Walmart and other large chains, they make up for the lost revenue by charging smaller retailers even more, something economists refer to as the water bed effect.

This isn’t competition. It’s big retailers exploiting their financial control over suppliers to hobble smaller competitors. Our failure to put a stop to it has warped our entire food system. It has driven independent grocers out of business and created food deserts. It has spurred consolidation among food processors, which has slashed the share of food dollars going to farmers and created dangerous bottlenecks in the production of meat and other essentials. And in a perverse twist, it has raised food prices for everyone, no matter where you shop.. . "

Retail Consolidation: Crisis Across the Food Chain | Farm Action

Independent grocers and farmers are driven out of business as mega-retailers take over, negatively impacting everyone except company shareholders.

farmaction.us

https://www.kansascityfed.org/documents/764/Concentration_and_Consolidation_in_the_U.S._Food_Supply_Chain_The_Latest_Evidence_and_.pdf

OTH? Facts are facts? From your link;

Folks on this issue, need to be better educated on all facets of Macro-economics, efficiencies of scale, and the problem with too much consolidation and collusion in the market.

Collusion: Definition, Examples, and Preventative Steps

Collusion is an agreement between entities or individuals that work together to influence a market or pricing to their own advantage. It's illegal in the United States.

www.investopedia.com

Economies of Scale: What Are They and How Are They Used?

Economies of scale are cost advantages reaped by companies when production becomes efficient.

www.investopedia.com

 

[MisterBeale]

The grocery either shuts down or the government takes it over as the government runs them like they do the border and the economy.

Government want to fix a problem the government caused.

 

[The Duke]

I think both sides might have some truth in this.

Inflation has been primarily all the government's fault, so they want to create a bill making it against the law for mega conglomerates to overcharge, after it was government that allowed them to consolidate too much of the market, thus causing damage to producers, and suppliers. . .

Opinion | The Real Reason Your Groceries Are Getting So Expensive (Published 2023)

Grocery-retailer consolidation is damaging our food system, stifling innovation and making everything more expensive.

www.nytimes.com

https://archive.ph/DRWUY

View attachment 996654

"Food Fresh is the only grocery store in a rural stretch of southeastern Georgia. It has many five-star Google reviews praising its freshly butchered meats, tomato bar and friendly service. Yet it faces a threat to its survival that no amount of management skill can overcome. Big retailers like Walmart and Kroger “have a handle on suppliers that I can’t touch,” said Food Fresh’s owner, Michael Gay. The chains wrest deep discounts from suppliers, making it impossible for the store to come close to matching the chains’ prices.

To understand why grocery prices are way up, we need to look past the headlines about inflation and reconsider long-held ideas about the benefits of corporate bigness.

Like other independent grocers, Food Fresh buys through large national wholesalers that purchase goods by the truckload, achieving the same volume efficiencies the big chains do. What accounts for the difference in price is not efficiency but raw market power. Major grocery suppliers, including Kraft Heinz, General Mills and Clorox, rely on Walmart for more than 20 percent of their sales. So when Walmart demands special deals, suppliers can’t say no. And as suppliers cut special deals for Walmart and other large chains, they make up for the lost revenue by charging smaller retailers even more, something economists refer to as the water bed effect.

This isn’t competition. It’s big retailers exploiting their financial control over suppliers to hobble smaller competitors. Our failure to put a stop to it has warped our entire food system. It has driven independent grocers out of business and created food deserts. It has spurred consolidation among food processors, which has slashed the share of food dollars going to farmers and created dangerous bottlenecks in the production of meat and other essentials. And in a perverse twist, it has raised food prices for everyone, no matter where you shop.. . "
View attachment 996657

Retail Consolidation: Crisis Across the Food Chain | Farm Action

Independent grocers and farmers are driven out of business as mega-retailers take over, negatively impacting everyone except company shareholders.

farmaction.us

View attachment 996658
View attachment 996659

https://www.kansascityfed.org/documents/764/Concentration_and_Consolidation_in_the_U.S._Food_Supply_Chain_The_Latest_Evidence_and_.pdf

OTH? Facts are facts? From your link;

View attachment 996660

Folks on this issue, need to be better educated on all facets of Macro-economics, efficiencies of scale, and the problem with too much consolidation and collusion in the market.

Collusion: Definition, Examples, and Preventative Steps

Collusion is an agreement between entities or individuals that work together to influence a market or pricing to their own advantage. It's illegal in the United States.

www.investopedia.com

Economies of Scale: What Are They and How Are They Used?

Economies of scale are cost advantages reaped by companies when production becomes efficient.

www.investopedia.com

It's way more attributable to the fuel supply than any of that stuff. Not saying all that isn't a factor, but all of that is not as much of a factor as fuel.

 

[Invisibleflash]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

 

[Doc7505]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

~~~~~~
The Biden/Harris presidency has already injured Americans by causing inflation, bu supply side shortages, higher fuel costs and stopping the use of LPG and fuel oil to heat homes.
Thanks to Biden/Harris it now costs twice as much to ship goods and food.
BTW Baby formula is still hard to find...

What went wrong in 2022 baby formula crisis? | Cornell Chronicle

A critical shortage of powdered infant formula revealed significant challenges in the supply, market competition and regulation of formula in the United States.

news.cornell.edu

 

[MisterBeale]

It's way more attributable to the fuel supply than any of that stuff. Not saying all that isn't a factor, but all of that is not as much of a factor as fuel.

Very good observation.

My family was just talking about the cost of energy, and how it controls everything last night.

My typical energy bill during the Trump administration was between 35 to 40 percent less.

These wars all over the planet are causing a real problem for everyone.



Just dumb. Stoopid for everyone.

 

[skye]

 

[Oddball]

Government want to fix a problem the government caused.

 

[Doc7505]

Very good observation.

My family was just talking about the cost of energy, and how it controls everything last night.

My typical energy bill during the Trump administration was between 35 to 40 percent less.

These wars all over the planet are causing a real problem for everyone.



Just dumb. Stoopid for everyone.

~~~~~~
It wasn't war that caused inflation. This was caused by a step by step incompetent president and his administration that choose to persecute Americans on every level from lawfare, abandonment, Food and supply shortages All based on DEI choices

 

[Deplorable Yankee]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

 

[Cellblock2429]

The profit margin for supermarkets is only 1.6%.

Kamala Harris said that's "excessive," and she wants to impose price controls on food.

Either she wants to cause food shortages, or she's too dumb to understand Economics 101.

Which is it?

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

When your opponent calls you ‘communist,’ maybe don’t propose price controls?​

It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.

August 15, 2024

Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.

The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.

/----/ I was a sales rep for P&G back in the 80s and sold B2B to the grocery industry. You speak the truth. Will the "cap" mean stores have to continue selling items at a loss?

• A loss leader is an item that is sold at such a low price it actually loses money. The price is lower than the actual cost the retailer paid for the item. Two typically identified loss leaders at the grocery store are milk and eggs, but many items are used as loss leaders all the time, while certain items go on sales at various times.https://www.buzzfeed.com/meganeliscomb/grocery-store-loss-leaders
• Frozen Turkeys sold at Thanksgiving.
• Stores lose a dollar or two, even four or five dollars, on a 12-pack of beer.
• Bananas
• Generic bread and milk.
• Prime rib roast for $6.99/lb when the actual cost was about $13/lb.
• There are more examples in the link.

 

[MisterBeale]

~~~~~~
It wasn't war that caused inflation. This was caused by a step by step incompetent president and his administration that choose to persecute Americans on every level from lawfare, abandonment, Food and supply shortages All based on DEI choices

Whatevers.


You just contradicted yourself.

Printing money to fund the war, duh.

You can't have it both ways. We are completely refitting the military with new arms, and giving the old stuff to Ukraine, and giving more arms to Israel, and thus, printing more money. . .

That is one of the two reason we are over budget, the second was all of the infrastructure and COVID spending. That shit is done. Now it is spending authorization after spending authorization for war in Ukraine and the Middle East. That is what devalues the dollar and causes the rising interest rates. You are old enough, and wise enough not to act like a dumb leftist.

Get your head out your ass.

 

[Oddball]

~~~~~~
It wasn't war that caused inflation. This was caused by a step by step incompetent president and his administration that choose to persecute Americans on every level from lawfare, abandonment, Food and supply shortages All based on DEI choices

Wars are tremendously inflationary...Revisit your economic history, then get back to us.