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"It's Communism": Kamala's First Economic Plan Proposes Price Controls To "Combat Inflation"
(www.zerohedge.com)
this post was submitted on 15 Aug 2024
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Healthy margins ≠ record profits
@agamemnonymous Record profits ≠ bad
Record inflation is though, and makes all the nominal profits numbers go up without adding any extra underlying value to the companies balance sheets.
@nicholas @agamemnonymous The real reason we're seeing record profits is that big businesses are preparing cash stockpiles ahead of the inevitable economic collapse that financial experts and insiders are all expecting, but nobody wants to talk about that.
My common response to the "corporate greed" accusation is asking if squirrels are greedy for hoarding acorns for the winter.
When they're hoarding billions of acorns, leaving little for the other squirrels, then yes.
@agamemnonymous Which is what all squirrels would do if they could 🤷🏾♂️
Then yes, that's greed.
@agamemnonymous I'm a bit curious on this point actually. Let's say that a pack of chicken nuggets from #TysonsFoods costs $18 when it should cost $15. Where do you think a parent of children is likely to spend those extra $3?
On their many other living expenses?
@agamemnonymous Such as?
I'm not sure where you're going with this. Do you not know what living expenses are? Food, clothing, utilities, housing, etc.
@agamemnonymous Yes I do, I'm just trying to get you to think about something.
So, food, clothing, utilities, housing. Who makes money from these products and services?
The businesses that sell them. Cut to the chase.
@agamemnonymous We're getting there! This is something we will need to go through step by step, I'm suspecting.
What are some of the businesses that offer these products and services?
I'm not going back and forth for 20 comments while you derive the principles of an economy one sentence at a time. Make your point.
@agamemnonymous Hey! That's not the name of a business!
I have things to do today and you're wasting my time. If you can't lay out your argument succinctly, then you don't understand it. Take your time, make your argument, and then I'll pick it apart. Otherwise, I'm not interested.
@agamemnonymous I understand my point, but I doubt you will if we don't walk through it bit by bit.
If you don't have the time for this conversation that's fine. Go do what you need to do man! I hope you enjoy the rest of your day.
This is not the platform for a chain of conversational micro transactions. Your method is fine for a verbal conversation, but that method is not appropriate here.
I understand economics well enough for you to skip to your actual point. I've been reading proofs long enough to identify logical missteps in a long chain of reasoning. If you don't have the ability to condense your point into a single comment with your reasoning laid out, I doubt your claim that you understand it.
Trying to engage in a rational conversation with someone on this community is pointless.