Middle class in your utopian society got murdered. In the US buying power is down. You’re a clown.
Lmao, again.
Whoa, look out, we got a real worker over here.
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Laugh my mother fucking ass off. If there was any doubt you’re Zep there isn’t anymore. You never actually read what you post as proof of your beliefs. You google the answer you want, quote the specific sentence or two you think supports your case, and ignore the rest. It’s hilarious.
“But are corporate profits even really to blame for the rise in inflation? In short, no.”
Amazing
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Most of it.
We are talking about profit margins here, which you deny have gone up. The article states that they have gone up over the last 10 years. And yes, I realize that most of that time our inflation was only about 2% yearly not what it is today.
I never said the sole cause of inflation was due to corporations using inflation as an excuse to rising prices. It is only part of the reason. This current bout of inflation is multi-faceted. So I see no contradiction, when all is taken into account. But you’d rather focus on one aspect of inflation I’ve mentioned and then claim I meant it was THE reason when it is A reason.
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This man thinks fluctuation in profit margin impacts inflation even though his own source argues that it does not, but money supply has no impact even though it is the primary way the FED combats inflation. I can’t with this thread.
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You may have read but you didn’t comprehend in the slightest.
The graphs suggest profit margins will swing down slightly again at some point - it’s cyclical, just like the rest of the economy…
It’s like playing tennis with a wall.
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They have gone up insignificantly and will bounce back down to the industry averages - as indicated by the historical data you linked
Yes you do, but spouting off on a bodybuilding/fitness website is not what i call FIGHTING for what you believe
the problem is you are living proof of someone who is ungrateful for this country and its system (that you are supposedly fighting against), that you won’t even move to a country that has a system that you praise and see firsthand how great that system is
Oh you mean the system that has shipped jobs to other countries and has helped to destroy the lives of those people’s family. Or are we talking about the country that forces people into BK trying to save the life of their child? All for more profit and power. So awesome! I could go on and on but will stop there.
Because it’s that simple.
Maybe for some industries but others this is not true.
Does this nullify that profit margins are now up during inflation?
I disagree with this aspect of the article when it mentioned price controls would not be effective against rising prices. Nixon used them to positive outcome.
You are arguing semantics that don’t matter in the long run and are counter to the argument made in the article you presented…
For most industries this is not true. As shown to you by all the data presented in this clusterfuck of a thread.
What is amazing here is that your argument is that I’m claiming that rising profit margins are the sole reason for inflation. I am not. The last paragraph you’ve pasted DOES NOT contradict my opinion that the current bout of inflation is multi-faceted.
The article I posted was info showing that profit margins are up. Something you want to deny. Have food prices not gone up and not for legitimate reasons? Have corporations not used inflation as an excuse to raise prices?
When manufacture cost increases (or production in the case of food) consumer cost goes up…
Did I deny profit margins were up? No, they are about average compared to the 5 year moving average and historical data you linked. They are up slightly. You took the last 3 data points out of a graph that goes back 70 years…
How many small business owners do you know? ask them if any of their profit margins are significantly higher the last couple years. Or if they have recouped losses incurred during the pandemic shutdowns that destroyed the economy?
I could teach my 6 year old how to read and interpret data better than you.
Strawman arguement
But, you claim to be very successful with this system that you benefitting from
Like i said
HYPOCRISY
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No, you can’t.
Quit lying. I highly doubt you make more than anyone here.
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As they should be - when everything becomes more expensive including expanding or other costs of business that are coming in the future - profit margins need to be higher.
It is glaringly obvious you have never run a business or know what it entails from an accounting side.
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