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Gene363
Herf-A-Holic Topic Starter

2 years ago

https://cigarbid.freeforums.net/thread/41/inflation

The escape pod: https://cigarbid.freeforums.net

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drglnc
Herf-A-Holic

2 years ago

Inflation or Greed?

McDonald's gross profit for the twelve months ending December 31, 2023 was $14.563B, a 10.26% increase year-over-year. McDonald's annual gross profit for 2023 was $14.563B, a 10.26% increase from 2022. McDonald's annual gross profit for 2022 was $13.207B, a 4.98% increase from 2021.

Yum - (Owners of Taco bell) CEO described Yum Brands' first-quarter unit growth as "robust," with over 800 unit openings, which led to 6% unit growth. The company is positioned to surpass 60,000 restaurants this year, he added.

Yum Brands' digital-sales mix also reached a new record during the quarter, exceeding 50% for the first time in the company's history, according to Gibbs

according to Technomic Ignite data, Chick-fil-A generated $21.58 billion in sales in 2023, a 14.7% increase over 2022's $18.81 billion and over 43% over 2021's $15 billion.

its almost like they are raising prices not because of associated costs but instead because they know people will still buy it and they can make more money... people just need to be more patient and wait for that trickle down...

Abrignac
Herf-A-Holic

2 years ago

drglnc wrote:

Considering the fact that approximately 50% of all of the outstanding shares of the company stock of publicly traded companies in America is owned by people like you and I through our 401k’s, 529’s, defined benefit plans, etc… it seems like we are already beneocrom the trickle down.

HockeyDad
Herf-A-Holic

2 years ago

I heard that inflation was just transitory.

Brewha
Herf-A-Holic

2 years ago

I thought shameless profiteering was an American value.

Shouldn't people who complain about inflation just go and get a better job?

What's next - people crying for a "living wage"???

drglnc
Herf-A-Holic

2 years ago

Abrignac wrote:

so what you are saying is by eating an overpriced cheeseburger or taco i am just investing in my future?

HockeyDad
Herf-A-Holic

2 years ago

Making a profit versus shameless profiteering….is there a threshold?

Brewha
Herf-A-Holic

2 years ago

No aqui.

drglnc
Herf-A-Holic

2 years ago

Making a profit versus shameless profiteering….is there a threshold?

HockeyDad wrote:

i would say when you are nearing record profits while people are complaining about inflation, you have crossed the threshold...

RobertHively
Herf-A-Holic

2 years ago

#10

First of all I'd say quit consuming all of that fast food garbage.

Grow your own food, cook your own food. Buy local as much as possible.

As far as inflation vs greed, it's probably both.

Cheno
Herf-A-Holic

2 years ago

#11

so what you are saying is by eating an overpriced cheeseburger or taco i am just investing in my future?

drglnc wrote:

I'm about to be rich then!

RayR
Herf-A-Holic

2 years ago

#12

Making a profit versus shameless profiteering….is there a threshold?

HockeyDad wrote:

There are a bunch of Marxists around here, advocates of Bidenomics I suppose who don't know that the "shameless profits" of the bourgeois are worth a lot less than they used to be because of inflation. They also don't know that the proletariat customers who buy overpriced cheeseburgers or tacos are getting poorer because of inflation.

drglnc
Herf-A-Holic

2 years ago

#13

First of all I'd say quit consuming all of that fast food garbage.

Grow your own food, cook your own food. Buy local as much as possible.

As far as inflation vs greed, it's probably both.

RobertHively wrote:

In general i would agree, i live in a pretty rural area surrounded by farms and co-ops. i get 96% lean GB for about $3 per pound cheaper then the grocery store by buying from the source. we also have a pretty good farmers market every sat and a co-op for veggies and other products. quality is usually better and the prices are better.

unfortunately those that live in more urban areas with denser population don't usually have those options. it used to be that buying a fast food meal would be cheaper then buying the ingredients and making it yourself, that isnt the case anymore but unfortunately many don't have access to affordable ingredients either.

add in the time investment of shopping, sourcing locally, prep and cooking and many also do not have the time. with most households needing to be duel income just to make a decent life, add in things like after school activates for the kids and that time commitment and all the other life things that take time and fast food becomes ever more enticing to ease some of the burden.

Abrignac
Herf-A-Holic

2 years ago

#14

so what you are saying is by eating an overpriced cheeseburger or taco i am just investing in my future?

drglnc wrote:

Not at all. In the past you’ve made clear that you’re on the left side of the center regarding politics. I took oaths both as a member of the armed services and as a law enforcement officer to protect the rights of all Americans. So even though I may disagree I still respect your right to a different opinion.

That said the left has always held the notion of trickle down economics in contempt. I was simply pointing out that in the example you mentioned that trickle down economics was providing a benefit to the average American.

As far as what you eat, again that is your right to choose. But if you want my recommendation I’d advise against eating any fast food. Like Robert H. I would suggest you grow your own or at least eat from the bounty of local farmers. Oh, and skip the 93% lean ground beef. That chit is tasteless. I’d recommend ground chuck as a much more tasty alternative.

MACS
Herf-A-Holic

2 years ago

#15

Why is it greed to want to keep your own money, but not greed to want to take someone else's money?

Business owners put up their own money, taking on all the risk. You fools wanting a living wage from a HS job that requires no skill and very little effort don't seem to understand how the economy works. [frypan]

DrMaddVibe
Herf-A-Holic

2 years ago

#16

Well, I'm against paying for someone else's education that I receive zero benefit from.

They signed up to go to college, they signed up for the college loans...there isn't a good reason for anyone else to pay off those loans. NONE!

So...stay a barista or fry cook all you want.

Edited by user 2 years ago | Reason: Not specified

RayR
Herf-A-Holic

2 years ago

#17

MACS wrote:

Blowhard Joe says having your money confiscated by the regime to be redistributed to parasitic entities of the regime's choice is patriotic.
Blowhard Joe also says inflation is not caused by endless fiat money printing to feed the glutinous swamp monsters, it is caused by corporate greeeeed!

People are crazy that believe Blowhard Joe. 🤪

jeebling
Herf-A-Holic

2 years ago

#18

Agreed. I’m not rich, not even “comfortable” as they say. But how can anyone determine “fair share” when the government doesn’t stay within a reasonable budget and continues to print money to spend on walking trails, Fauci, Ukraine, transvestite classes for K-12, Covid “spending”, assuming student debt for kids that come from households that earn far more money than I do???

HockeyDad
Herf-A-Holic

2 years ago

#19

“We already spent the money, we have to raise taxes” is a lot easier than asking for a tax increase so we can increase government spending.

Now Biden wants to massively raise capital gains taxes. You turn a profit, Biden wants half.

DrafterX
Herf-A-Holic

2 years ago

#20

That Bassard..!! 😠

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