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sanash t1_itzrawe wrote

Reply to comment by flanderguitar in Shell paid zero windfall tax in UK despite record global profits by hugglenugget

Same thing with the "inflation" issue. Corporations likely decided to fuck over the consumers to make up for the lower profits in 20-21, found that most people didn't change their spending habits because people still need to live.

They saw their quarterly reports and decided to say fuck it, keep the prices high and continue the screwing of consumers/workers.

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richalex2010 t1_iu0krm5 wrote

Normal inflation is definitely happening too, you can't print as much money as we did in the last couple of years without inflation. That's not the only thing causing prices to go up though.

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neok182 t1_iu4malb wrote

Absolutely but it's bullshit that the media and right wing plane 20-100% price increases on ~10% inflation.

Saw a post last week I think showing the average price of Halloween candy up 40% pre-pandemic. Inflation isn't 40% so that's just price gouging.

From gpus and cars to basically every single item in your grocery store it's 10% inflation and 90% corporate greed, profiteering and price gouging.

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chapstickbomber t1_iu69gap wrote

Profits are up $1T, 4% extra share of GDP, and some people don't see that as proof of price gouging. It's pretty fuckin funny.

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neok182 t1_iu6ax77 wrote

I know. Open your freaking eyes people. They are even bragging about it on quarterly profits. I think it was target that had a quarterly call where they actually said oh we have to stop raising prices because we hit how high people will actually spend on essentials.

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balbok7721 t1_iu3jjh2 wrote

And the energy crisis in Europe was just a dream. We don't need gas for literally anything. We don't need it for heat. We don't don't need is for chemistry. We don't need it for avoiding blackouts in France. We don't need it for chemistry. We don't need it for agriculture. And so forth.

When do people finally stop with that money supply bullshit. Yes, the US printed a shitton but there are more immediate factors in the play. Raising isn't a good idea because everything is funded by credit. Including that little housing crisis everyone is complaining about

I also didn't talk about China's bullshittery. There are so many factors without money supply that we should stop focusing on it

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