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54% of all inflation is being driven by corporate profits


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Just now, Ike said:

https://www.wsj.com/articles/chevron-posts-record-11-6-billion-quarterly-profit-11659090268
 

Or how about all the companies given free money with PPP loans that cut jobs, bought back stocks, and are still raising prices? E.G. Airline companies? All while still cancelling flights. 

 

Great, give us real data like this instead of arguments from authority you found on some ransom lefty site. This isn't hard kids.

 

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1 minute ago, Saucer said:

 

Great, give us real data like this instead of arguments from authority you found on some ransom lefty site. This isn't hard kids.

 

If you’ve been keeping up with the news honey, you’d know pretty much every company reported record profits the last year or two with CEO pay far outpacing that of the average worker. :reg: 
 

You’re just sucking at that corporate teet and still think Reganomics works. 

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4 minutes ago, Ike said:

If you’ve been keeping up with the news honey, you’d know pretty much every company reported record profits the last year or two with CEO pay far outpacing that of the average worker. :reg: 
 

You’re just sucking at that corporate teet and still think Reganomics works. 

 

Yet you struggle to even post basic hard data. Why is that, honey?

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7 minutes ago, Saucer said:

 

Yet you struggle to even post basic hard data. Why is that, honey?

https://www.reuters.com/markets/us/ceo-pay-gains-far-outpace-rising-wages-says-new-union-report-2022-07-18/

https://www.cbsnews.com/amp/news/ceo-pay-rose-18-percent-while-worker-wages-trailed-inflation/
 

https://www.nytimes.com/2022/07/29/business/oil-company-buybacks.html

 

324x more than average earners for CEOs. Oh and all that oil profits, right back in to buying back their stocks. :bena:

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1 hour ago, Saucer said:

 

Great, give us real data like this instead of arguments from authority you found on some ransom lefty site. This isn't hard kids.

 

 

It doesn't matter if the information is credible. 

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On 2022-07-30 at 10:43 AM, Saucer said:

 

Yet you struggle to even post basic hard data. Why is that, honey?

 

On 2022-07-30 at 10:53 AM, Ike said:

 

And pooof.... Just like that Saucer disappears from the thread. Never to be heard from again :drake:

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20 minutes ago, Goukosan said:

 

 

And pooof.... Just like that Saucer disappears from the thread. Never to be heard from again :drake:

Saucer really is Ben Sharpio. :danylol: 

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On 2022-07-30 at 10:33 AM, Saucer said:

 

Great, give us real data like this instead of arguments from authority you found on some ransom lefty site. This isn't hard kids.

 

 

I love that this motherfucker is like "prove me wrong harder!

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On 2022-07-30 at 10:37 AM, Ike said:

If you’ve been keeping up with the news honey, you’d know pretty much every company reported record profits the last year or two with CEO pay far outpacing that of the average worker. :reg: 
 

You’re just sucking at that corporate teet and still think Reganomics works. 

Yeah, tell that to all the businesses who shut down in the past two years. There was a significant increase in companies declaring bankruptcy during Covid while others were raking in the profits for obvious reasons. It's one in a lifetime opportunity if you're offering an online service like Netflix but it's a death sentence for the tourist and restaurant industries among others. 

 

Like what is even your point? Oil companies are making record profits among a oil shortage on the market because of the economic sanctions to Russia and the war in Ukraine? No shit. 

 

And some rich busines owners having their pay outpacing their workers does not in itself contribute to inflation or directly responsible for a recession. The ethical question about the distribution of wealth is irrelevant, I'm talking purely economics and I fail to see the direct correlation. What is says to me is that the business in question is making higher profits than last-year and are hiring people. That just means little Timmies will get less gifts this Christmas because Mr. Asshole is buying a second Yacht, the same money is flooding back in the market regardless. Nothing changed on an economic scale.

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