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High prices?

Oct. 14, 2021, 9:44 a.m.
Posts: 3558
Joined: May 23, 2006

You are being gouged.....

https://groundworkcollaborative.org/news/new-research-from-groundwork-collaborative-shows-link-between-price-hikes-monopoly-and-corporate-greed/

Freedom of contract. We sell them guns that kill them; they sell us drugs that kill us.

Oct. 16, 2021, 9:35 a.m.
Posts: 15460
Joined: Dec. 30, 2002

So its all corporate greed and not inflation?

Oct. 16, 2021, 11:10 a.m.
Posts: 3558
Joined: May 23, 2006

https://www.cbc.ca/player/play/2336211660

Oct. 24, 2021, 4:59 p.m.
Posts: 71
Joined: March 12, 2021

Here's another example, which is referenced in the article linked in the first post.

https://youtu.be/3_hCLjUrK1E

Oct. 25, 2021, 1:09 p.m.
Posts: 1302
Joined: March 18, 2017

It's transitionary bro.

Oct. 30, 2021, 12:49 a.m.
Posts: 3558
Joined: May 23, 2006

Indeed.

Ten thousand John Deere workers went on strike in October, as did 31,000 Kaiser employees, while 60,000 Hollywood production workers negotiated a deal to avoid a strike, according to the Washington Post on October 17. “All told, there have been strikes against 178 employers this year,” the Post noted. “The strike drives in 2021 run the gamut of American industry: Nurses and health workers in California and Oregon; oil workers in New York; cereal factory workers in Michigan, Nebraska, Pennsylvania and Tennessee; television and film production crews in Hollywood; and more.”

And tens of thousands of potentially striking workers “are waiting in the wings,” as Jonah Furman and Gabriel Winant observed in a labornotes article on October 18. Strike season has only begun. It already includes, according to the labornotes report: 2000 hospital workers in New York, a one-day walk-off of 2000 telecommunications workers in California, 450 steelworkers in West Virginia, 1000 miners in Alabama, 700 nurses in Massachusetts, 200 bus-drivers in Nevada, 400 whiskeymakers in Kentucky and some recently settled strikes by 2000 carpenters in Washington, 1000 Nabisco factory workers across the country and 600 Frito-Lay workers in Kansas.

This fight by quitting or striking sure contradicts the summertime GOP lie that lazy workers had degenerated into couch potatoes thanks to over-generous unemployment benefits. That GOP fabulation got quite the media hype. So much that now we have white house advisor Jared Bernstein reassuring business that Americans who won’t work now, will flock back to the job market in January, having exhausted their savings, according to the New York Times on October 26. As journalist Chris Floyd tweeted: “This is the economic plan of the ‘new FDR’: grind people down until they’re starving, then watch ‘em crawl back to take shit jobs for shit pay.”

https://www.counterpunch.org/2021/10/29/class-war-heats-up/print/

Oct. 31, 2021, 1:56 p.m.
Posts: 6017
Joined: April 10, 2005

Tungsten, can you explain to us how & why socialism in the Scandinavian countries works so well? There are rich folks over there too, but I don't think them acquiring their wealth is bad for the state. Unlike Bezos.

Nov. 1, 2021, 9:30 a.m.
Posts: 900
Joined: Nov. 18, 2015

Even regardless of unions, the market will adapt and if price gouging (for any reason) extends beyond what buyers will pay, people will stop buying or new market entrants willing to produce the same good or service for less will show up.

But at the same time, I cant believe how expensive everything has gotten!!!! Maybe all these higher value contracts are simply people catching up to the fact that corporate cashflows have been so good for so long....maybe its just a rebalancing that wont further jack prices. Smarter people than I will figure it out and make millions off it.

Nov. 1, 2021, 9:43 a.m.
Posts: 14410
Joined: Feb. 19, 2003

Posted by: Stuminator

Tungsten, can you explain to us how & why socialism in the Scandinavian countries works so well? There are rich folks over there too, but I don't think them acquiring their wealth is bad for the state. Unlike Bezos.

Do the Scandinavian countries have that same level of wealth inequality that the USA does? Looks like they have higher top marginal rates, and that their top marginal rates kick in at a lower multiple of the average wage.

https://taxfoundation.org/scandinavian-countries-taxes-2021/

USA is still stuck in the provably false pursuit of trickle down economics, whereas we know that extra dollars put into the hands of a lower or middle income person will generate more overall economic activity.

I'm of the opinion that all of the top marginal rates are stupidly low.  Bump them back up to 70%.


 Last edited by: Couch_Surfer on Nov. 1, 2021, 9:45 a.m., edited 2 times in total.
Nov. 1, 2021, 10:54 a.m.
Posts: 273
Joined: March 14, 2017

the problem with the States is that any kind of tax increase is taken as "communism" even it benefits 99% of the population....  can't make this stuff up.  The rich get richer and poor get poorer...  USA! USA! USA!

Nov. 1, 2021, 11:54 a.m.
Posts: 3558
Joined: May 23, 2006

What Couch said. ^^^^^^ Rate is like 20% post trump giveaway they trying to "boost" it back to 39%. 70% a pipe dream I reckon.

The con in 'merika is "meritocracy". The rich beat the less fortunate over the head with it but it bullshit. Except for maybe a few tech guys these days like the oil barons of yesteryear, most wealth comes from inheritance or manipulation of equity.

https://www.commondreams.org/views/2021/11/01/super-rich-have-taken-almost-all-it

https://www.commondreams.org/views/2021/10/21/phil-knight-case-study-how-dodge-over-36-billion-taxes

taken as "communism"

That's so '50's. "Socialism" is the boogieman now.


 Last edited by: tungsten on Nov. 1, 2021, 8:59 p.m., edited 2 times in total.

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