Don’t tell me corporations have no choice but to raise prices. Corporate profits are at a 70-year high. Stock buybacks are expected to reach $1,000,000,000,000 this year. News flash: They’re using inflation as cover to squeeze more money out of you.
Just a greed grab by corporations.
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In some ways you are right, in some ways you are not. But your figures are totally bezirk in this post.
Oh, but there are so many self proclaimed experts who are seeing this right now who can’t wait to jump in and defend free market policies. <insert your expert pro-corporation nonsense below>
If everyone decided to stop paying there bills and refused to except these increases. What would happen?
There is a big difference between Gross and Net Profit so to make a claim that all corporations are up 70% in revenue would only prove that Inflation is on the rise. No one can make the claim that the increase in gross sales is 70% in net profit for all corporations --again another absurd and ludicrous statement Robert Reich.
Despite this, stock prices are collapsing. Things that make you go hmm.
Retired Surety Underwriting Director at Travelers
1yWhat else is new....