Shoot The Breeze 3.0

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32andBelow said:
You think it’s reasonable that they are making record profits during these tough times?
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but to be fair, you changed the subject. You said the current record inflation (you also said it’s ‘fake’), is caused simply by companies raising prices.
 
Motodog said:
but to be fair, you changed the subject. You said the current record inflation (you also said it’s ‘fake’), is caused simply by companies raising prices.
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No I didn’t. I just think it’s suspect that we have all this inflation but all these companies are making record profits and putting out mega bonuses for their c suite. Why aren’t they investing all those profits into more production if the demand is so high.

Economics would tell you a new company would come in and compete but that doesn’t seem to happen anymore
 
32andBelow said:
No I didn’t. I just think it’s suspect that we have all this inflation but all these companies are making record profits and putting out mega bonuses for their c suite. Why aren’t they investing all those profits into more production if the demand is so high.

Economics would tell you a new company would come in and compete but that doesn’t seem to happen anymore
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You said inflation is fake. Now you’re saying it’s caused by companies just raising their prices. How can that be if it’s fake? Hard to follow
 
Motodog said:
You said inflation is fake. Now you’re saying it’s caused by companies just raising their prices. How can that be if it’s fake? Hard to follow
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I’m saying the companies are being greedy and just blaming it on shit like Covid. Which is leading to higher inflation

But people just say oh no Biden made inflation. They don’t look into what’s actually going on
 
32andBelow said:
I’m saying the companies are being greedy and just blaming it on shit like Covid. Which is leading to higher inflation

But people just say oh no Biden made inflation. They don’t look into what’s actually going on
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So now it’s not fake. Gotcha. have a good nite
 
Termine said:
Please, if you have the time to take three minutes out of your day and just scroll, I would ask that you scroll through this:

mkorostoff.github.io

Wealth, shown to scale

Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.
mkorostoff.github.io

Relevant quote: "The 400 richest Americans own about $3.2 trillion, which is more than the bottom 60% of Americans."

When we say "tax the rich" we aren't saying "Tax Joe the Plumber" and we aren't saying "Tax Uglytaco the Level 12 CPC." We're saying "Tax Jeff Fucking Bezos."
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The problem is how you just ignored how ugly just laid it out pretty simply. You should look up how much Elon Musk had to pay in taxes. It doesn't do shit to fix the rooted problem that is mismanagement and dirty bitches.
 
32andBelow
Jack Black Genius GIF
 
32andBelow said:
Are you talking about the middle class that got their taxes raised under trump?

Those aren’t the rich
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www.forbes.com

A $25,000 SALT Deduction Cap Would Be A Modest Improvement Over The House’s $80,000 Version

As Congress struggles to pass the Build Back Better bill, some congressional Democrats are exploring new proposals to raise the $10,000 cap on the state and local tax (SALT) deduction.
www.forbes.com www.forbes.com

As with nearly all SALT cap fixes, the biggest winners would be those making between about $370,000 and $870,000 (the 95th to 99thincome percentiles).
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“Middle class” ??
 
32andBelow said:
I’m saying the companies are being greedy and just blaming it on shit like Covid. Which is leading to higher inflation

But people just say oh no Biden made inflation. They don’t look into what’s actually going on
Click to expand...
I know I'm going to regret trying to explain this to you but here it goes anyway.

Let's say I'm a company and my revenue was $200M last year but my expenses to do so were $100M (for easy math), netting me $100M in profit. Due to the dog shit monetary and fiscal policies pursued by both the fed and the government, suddenly demand outweighed supply by a wide margin. Massive money directed into the pockets of unproductive Americans while incentivizing them to stay home and result in less production naturally causes the cost to produce goods to go up. As employers have to try and compete with the unlimited money supply of the generous government, they have to try and pay more and offer more benefits to entice people to return to the labor force. Labor is one of the costs of doing business. The producing products myself/ buying them from a supplier is rapidly rising due to the demand/supply imbalances mentioned from earlier. As my input costs go up, I as a businessman have no choice to raise prices to keep up.

So let's say my costs go up 20%. To try and maintain my margins a little, I increase prices by 15%, not even the full 20% to match my cost increase. So now my revenue jumps up to $230M and you subtract my costs of $120M and I net $110M this year! It's a record profit! But if my dollars also doing go as far as they used to, my overall purchasing power with my net went down so I'm in a worse position than I was before. See how that works? Yet if you listen to your lord and savior, Pocahontas, the only thing the left knows how to do is deflect and blame someone else for the problems they helped create as opposed to own up to their mistakes. Really that's all politicians I guess, but the left is especially bad.

I'm not going to rehash how the government has a vested interest in underreporting real inflation but according to the government numbers producer prices have increased at a faster pace than consumer prices over the last year which would mean those greedy corporations aren't even passing on the full increase in their costs. They're letting us off easy and hesitant to raise prices.
 
Acquired Taste said:
I know I'm going to regret trying to explain this to you but here it goes anyway.

Let's say I'm a company and my revenue was $200M last year but my expenses to do so were $100M (for easy math), netting me $100M in profit. Due to the dog shit monetary and fiscal policies pursued by both the fed and the government, suddenly demand outweighed supply by a wide margin. Massive money directed into the pockets of unproductive Americans while incentivizing them to stay home and result in less production naturally causes the cost to produce goods to go up. As employers have to try and compete with the unlimited money supply of the generous government, they have to try and pay more and offer more benefits to entice people to return to the labor force. Labor is one of the costs of doing business. The producing products myself/ buying them from a supplier is rapidly rising due to the demand/supply imbalances mentioned from earlier. As my input costs go up, I as a businessman have no choice to raise prices to keep up.

So let's say my costs go up 20%. To try and maintain my margins a little, I increase prices by 15%, not even the full 20% to match my cost increase. So now my revenue jumps up to $230M and you subtract my costs of $120M and I net $110M this year! It's a record profit! But if my dollars also doing go as far as they used to, my overall purchasing power with my net went down so I'm in a worse position than I was before. See how that works? Yet if you listen to your lord and savior, Pocahontas, the only thing the left knows how to do is deflect and blame someone else for the problems they helped create as opposed to own up to their mistakes. Really that's all politicians I guess, but the left is especially bad.

I'm not going to rehash how the government has a vested interest in underreporting real inflation but according to the government numbers producer prices have increased at a faster pace than consumer prices over the last year which would mean those greedy corporations aren't even passing on the full increase in their costs. They're letting us off easy and hesitant to raise prices.
Click to expand...
You shouldn’t make record profits during a alleged economic downtown. God forbid a company only broke even for the year.

Also is the position really going to be that great economy implodes on itself if the poor can all of a sudden afford things. Does that make any sense?
 
32andBelow said:
You shouldn’t make record profits during a alleged economic downtown. God forbid a company only broke even for the year.

Also is the position really going to be that great economy implodes on itself if the poor can all of a sudden afford things. Does that make any sense?
Click to expand...
Ah here we are. We've arrived at the moment of regret right of schedule. Look dude, I'm really sorry you don't understand basic economics, or really anything else for that matter. I wish I could help you but I think it may be a lost cause. Stop watching the news so much and get out of your echo chamber. Read an economics book, Austrian economics to be specific.

Before I go, I'll answer your questions though. You asked why capitalism has failed in that no new companies have stepped up to compete with all these record profits right? Well because it isn't that easy and the gov has made it very very hard to not only do business in this country, but to succeed. Successful companies are very efficient at providing the best quality items available at the best prices. There really isn't a ton of margin to squeeze out. But much like I've encouraged you in the past, I'll encourage you once more... you should open a business to compete with one of these companies that is taking advantage of everyone during these trying times and secure some of those record profits for yourself. Don't you think if target was really gouging the fuck out of their customers, people would just to Wal-Mart instead?

For your second question, yes the economy implodes if the poors can suddenly afford everything their heart desires. The problem with giving them free money is they consume limited precious resources but aren't producing anything back into the economy. They aren't creating services or goods. So in turn, they are draining value from the economy. The reason you notice shortages at the store is because there was too much artificial demand created. If the government gave out $200k stimmies instead of 2k, there'd be a shortage of Lamborghinis too. You can't print prosperity. Anything that is given to someone has to be taken from someone else. Just because you print the money out of thin air, doesn't mean it's free. It's just easier to disguise who is hurt and who is to blame when you think the laws of economics no longer apply. (Hint: the poor and middle class who don't own many assets are the biggest losers when it comes to inflation and the fed and the government working together are to blame.... not corporations and businesses who have to raise prices to stay in business.) The poors will be paying for all that free money for the rest of their lives because prices are never coming down. It was a sweet little sugar high while it lasted though
 
Acquired Taste said:
Ah here we are. We've arrived at the moment of regret right of schedule. Look dude, I'm really sorry you don't understand basic economics, or really anything else for that matter. I wish I could help you but I think it may be a lost cause. Stop watching the news so much and get out of your echo chamber. Read an economics book, Austrian economics to be specific.

Before I go, I'll answer your questions though. You asked why capitalism has failed in that no new companies have stepped up to compete with all these record profits right? Well because it isn't that easy and the gov has made it very very hard to not only do business in this country, but to succeed. Successful companies are very efficient at providing the best quality items available at the best prices. There really isn't a ton of margin to squeeze out. But much like I've encouraged you in the past, I'll encourage you once more... you should open a business to compete with one of these companies that is taking advantage of everyone during these trying times and secure some of those record profits for yourself. Don't you think if target was really gouging the fuck out of their customers, people would just to Wal-Mart instead?

For your second question, yes the economy implodes if the poors can suddenly afford everything their heart desires. The problem with giving them free money is they consume limited precious resources but aren't producing anything back into the economy. They aren't creating services or goods. So in turn, they are draining value from the economy. The reason you notice shortages at the store is because there was too much artificial demand created. If the government gave out $200k stimmies instead of 2k, there'd be a shortage of Lamborghinis too. You can't print prosperity. Anything that is given to someone has to be taken from someone else. Just because you print the money out of thin air, doesn't mean it's free. It's just easier to disguise who is hurt and who is to blame when you think the laws of economics no longer apply. (Hint: the poor and middle class who don't own many assets are the biggest losers when it comes to inflation and the fed and the government working together are to blame.... not corporations and businesses who have to raise prices to stay in business.) The poors will be paying for all that free money for the rest of their lives because prices are never coming down. It was a sweet little sugar high while it lasted though
Click to expand...
Yet people cite the the tiny stimulus and not the massive amount of Covid loans that were given out and the forgiven. Wild.

Acquired Taste said:
Ah here we are. We've arrived at the moment of regret right of schedule. Look dude, I'm really sorry you don't understand basic economics, or really anything else for that matter. I wish I could help you but I think it may be a lost cause. Stop watching the news so much and get out of your echo chamber. Read an economics book, Austrian economics to be specific.

Before I go, I'll answer your questions though. You asked why capitalism has failed in that no new companies have stepped up to compete with all these record profits right? Well because it isn't that easy and the gov has made it very very hard to not only do business in this country, but to succeed. Successful companies are very efficient at providing the best quality items available at the best prices. There really isn't a ton of margin to squeeze out. But much like I've encouraged you in the past, I'll encourage you once more... you should open a business to compete with one of these companies that is taking advantage of everyone during these trying times and secure some of those record profits for yourself. Don't you think if target was really gouging the fuck out of their customers, people would just to Wal-Mart instead?

For your second question, yes the economy implodes if the poors can suddenly afford everything their heart desires. The problem with giving them free money is they consume limited precious resources but aren't producing anything back into the economy. They aren't creating services or goods. So in turn, they are draining value from the economy. The reason you notice shortages at the store is because there was too much artificial demand created. If the government gave out $200k stimmies instead of 2k, there'd be a shortage of Lamborghinis too. You can't print prosperity. Anything that is given to someone has to be taken from someone else. Just because you print the money out of thin air, doesn't mean it's free. It's just easier to disguise who is hurt and who is to blame when you think the laws of economics no longer apply. (Hint: the poor and middle class who don't own many assets are the biggest losers when it comes to inflation and the fed and the government working together are to blame.... not corporations and businesses who have to raise prices to stay in business.) The poors will be paying for all that free money for the rest of their lives because prices are never coming down. It was a sweet little sugar high while it lasted though
Click to expand...
Wow the poors can afford everything they desire on unemployment? Wild.

Were companies making record profits in the 70s during inflation?
 
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