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Comment on Inflation?

Viking_Hippie@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and many, many more.

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LibreHans@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
Go look up their net profit margins, they are going sideways.

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- Viking_Hippie@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes. Their ACTUAL profit margins are significantly larger and growing.
  
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  - LibreHans@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    
    Their ACTUAL profit margins are significantly larger and growing.
    
    Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.
    
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    Viking_Hippie@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    That’s just not true. And since this is the point where it’s clear that you’ll just keep repeating the same piece of misguided conservative orthodoxy over and over again, I’m gonna leave you to it.
    
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    gamermanh@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago
    
    The purchasing power of those “growing” profits has basically not changed.
    
    Lol
    
    LMAO, possibly
    
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