@Public_Citizen | 525,408 followers
repeat after us: corporate greed is driving inflation

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Total of 41 replies and 16 quotes found
In reply to @Public_Citizen
Record high profits without record sales, amazing...
 
 
Legal theory question: if monopolies can avoid being treated as monopolies based on the "effect on the consumer" test, can oligopolies get treated as monopolies bases on the "effect on the consumer" test?
 
In reply to @Public_Citizen
-- AND the FED wants to raise interest rates further, which threatens the last two years of job gains we've had -- as well as causes lower wages when corporations start downsizing. All these things affect the working class - not the top 10%...
 
In reply to @Public_Citizen
Repeat after me: No it isn't. Inflation is driven by the massive expansion of the money supply in the last couple years, driven entirely by Federal borrowing and spending. Inflation drives corporate profits and pushes up the stock market, not the other way around.
 
In reply to @Public_Citizen
did you adjust corporate profits for inflation?
 
In reply to @Public_Citizen
馃う馃徎鈥嶁檪锔 Adjust the profits for inflation and they鈥檙e making less than previous years. $1million today has the purchasing power of $900k last year.
 
In reply to @Public_Citizen
CEOs just happened to get greedier in unison, irrespective of a 40% increase in money supply. Checks out, no pun intended...
 
In reply to @Public_Citizen
No! Its overleveraged positions caused by SROs, federal reserve, banks, brokers, exchanges, etc. who caused the inflation. Corporate is taking advantage to profit while cutting costs then blaming "inflation". Its class warfare and working class is funding it all without consent
 
In reply to @Public_Citizen
Corporate greed has been driving price gouging.
 
In reply to @Public_Citizen
Apparently there was less corporate greed when Trump was President.
 
Corporate greed is slowly killing our democracy.
 
*Nah. It's because wages are rising too fast! It's OUR fault!!
 
鈥淕reedflation鈥 seems like right name for what we鈥檙e going through right now.
 
In reply to @Public_Citizen
Yes, and large piles of Bull manure cause high hay consumption. pic.twitter.com/4USSemxFU6
 
In reply to @Public_Citizen
Inflation is caused by 42% increase in M2 money supply between March 2020 and the end of 2021.聽nothing else. Stop spreading misinformation
 
 
Socialism has never worked. Quit crying.
 
In reply to @Public_Citizen
It鈥檚 Democrat voters who are driving inflation
 
In reply to @Public_Citizen
If you're going to be intellectually honest, you have to show profit MARGINS. Simply saying they made a bigger number than they did last year isn't telling the whole story. But then your narrative falls apart...
 
In reply to @Public_Citizen
And what exactly is Biden doing about it? Like everything else, absolutely nothing
 
In reply to @SteveDaines
How long do you think this lie will last? #mtnews needs to do their jobs by calling this bs out. #mtpol
 
In reply to @Public_Citizen
And seniors are going to receive (on the average ) an extra $ 150.00 a month starting next year . Not enough to keep up in Biden鈥檚 America
 
 
In reply to @Public_Citizen
It's way more complicated than that and many can be blamed... It's a lazy take.
 
In reply to @Public_Citizen
Oh, so the whole, "Putin's price hike" is being cast aside now?
 
In reply to @Public_Citizen
As a dividend investor this is good for me.
 
Waiting for this to get fact checked ......
 
 
 
In reply to @Public_Citizen
Repeat after me, the government controls inflation and uses it to increase tax revenue. Anyone who blames corporations for inflation have been tricked by the government who control inflation.
 
 
And yet, the Fed keeps raising interest rates 鈥 to further squeeze the working class 鈥 rather than going after corporate greed, the real cause of 鈥渋nflation.鈥 It鈥檚 getting increasingly harder to afford just being alive in this shithole country. 馃が
 
In reply to @Public_Citizen
Repeat after me: Government spending is driving inflation.
 
In reply to @Public_Citizen
That is and always will be the Democratic Party way.
 
In reply to @Public_Citizen
Inflation is adding more money to a system than value produced. This is just price gouging. Only banks - by creating money - can cause inflation. However, both are happening at the same time.
 
In reply to @Public_Citizen
Maybe they are currently driving, but Joe Biden turned the key.
 
In reply to @Public_Citizen
Sorry but that's not how it works. Sounds like you want to control prices, you are a threat to US well-being
 
In reply to @Public_Citizen
This is just not how economics work. Runaway government spending and printing of dollars cause inflation.
 
In reply to @Public_Citizen
Printing money does that clowns
 
In reply to @Public_Citizen
I think it鈥檚 @RBReich teaches this for $2,500 / hour.
 
In reply to @Public_Citizen
Was the profit adjusted for inflation?
 
In reply to @Public_Citizen
This is why American schools are a laughing joke... Idiots actually believe this crap.
 
In reply to @Public_Citizen
Inflation is being driven by too much spending in Washington and insane energy policies and Feds raising int rates. All of which can be fixed by the government. Also, many businesses went broke because of the virus. Many workers dropped out. There is a temporary lack of
 
In reply to @Public_Citizen
what do you suggest we can do about it? I won't hold my breath for an answer. you never answer questions.
 
In reply to @Public_Citizen
Repeat after Milton Friedman, Govt is responsible for inflation because they print the money.馃
 
 
Government is not failing you, this is Capitalism working as intended.
 
Sickening!馃が馃が馃が馃が
 
In reply to @Public_Citizen
Anyone who repeats after you is demonstrably wrong and grossly misinformed. It's so simple to understand a basic supply and demand chart, yet you seem to lack that basic ability
 
 
Where the blame lies on Inflation
 
In reply to @Public_Citizen
Oh, corporate greed is new and didn鈥檛 happen before Biden. You dolts are a joke
 
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