I don't understand why everyone hates the rich. Without them who would...*checks notes*...trash the economy repeatedly with no consequences?
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Tell me you dont understand how economies work without telling me you dont understand.
@freemo @geekysteven The common leftie line is that companies are unnecessarily inflating prices so that they can make record profits. I can’t deny that they are making record profits but I suspect that this isn’t the only reason why they’re raising their prices.
People making such claims have very likely never signed the front of a paycheck.
@midway @geekysteven @freemo That’s a good point.
I’ve heard it said once that corporations behave more ethically under stable economics than in unstable economies, and it makes sense. Even if the leftist line was correct, it’s possible that these CEOs are storing their acorns for the winter so to speak, not inflating prices out of mere greed.
If a financial disaster is impeding, as I suspect it is, there’s no such thing as a company having too much money.
I’ve heard it said once that corporations behave more ethically under stable economics than in unstable economies, and it makes sense.
Yes it does but not just companies… everyone of every class behaves more poorly during economic turmoil (or any turmoil) than economic stability.
Even if the leftist line was correct, it’s possible that these CEOs are storing their acorns for the winter so to speak, not inflating prices out of mere greed.
SSaving money isnt unethical, so if this were true its moot to your point. But its actually quite the opposite. Inflation encourages people dont hoard their money. Hoarding it would devalue too fast under inflation so people need to invest their money to secure it. Remember its important not to think of inflation as equivelant to unstable or bad economy, within reasonable levels it is desired as it encourages investment and a healthy economy. Inflation is bad when it is too high or too low. When it is too high causing hyperinflation only then can it result in instability (and yes right now its too high).
If a financial disaster is impeding, as I suspect it is, there’s no such thing as a company having too much money.
Actually that is exactly a problem. If they have too much money (instead of spending it on assets) then their value will crash along with the money. But when they invest in assets then their assets skyrocket in face value as money devalues.
