Do you complain when the shovel goes on sale for $10 in March?
Or did you think ahead and buy it the previous March for $10?
That's the way to fix it Joe...sit on your arse while the country suffers.
- Thread starter TwinDegrees2
- Start date
Or did you think ahead and buy it the previous March for $10?
Yes, Kroger and others perhaps have to do what they have to do. The point is that companies are indiscriminately price gouging. That's what I'm generally talking about. I mentioned grocery stores because that is obviously where we go to get groceries where the prices have skyrocketed since the pandemic.
No I don't and I've bought many stuff out of season when they go on sale. But I do find it very wrong to increase the price when a disaster is ensuing.
Let me ask you. You don't mind paying extra money for a shovel when a blizzard is coming?
Probably not. But you are still missing the point. Price gouging from whoever the culprit is what has caused inflation to increase.
I told you, egg producers, milk producers, meat producers, whatever else that we buy at the stores that have increased.
Depending on where you live, a blizzard is not a disaster but just something you are used to dealing with.
I do mind paying extra money and think to myself, why didn't I plan ahead for winter and buy a shovel.
I don't think to myself, I wish the gov would hold my hand and do my thinking for me.
You are kinda skiting around my question. Is it wrong for the hardware store to raise prices on shovels before a forecasted blizzard? Is it wrong for hardware stores to raise prices on plywood to board windows days before a hurricane? To me that is price gouging.
So you don’t think farmers, cattle ranchers, egg and dairy producers, etc should raise their prices when their raw costs increase?
Economics - SHORT TERM supply & demand.
Lol. And as short term....has Nothing to do with your theory on Biden not responsible for these prices.
Lol don't tell me you are equating short term S&D price gouging to what Biden has done to the economy for 4 years !
Lol. Love the laughs, keep em comin
Dude, when there is a crisis like the pandemic, hurricane or tornado disasters, whoever is raising prices just to raise prices in those times are price gouging. We can argue all day about who, but someone is responsible for it.
I’m talking about farmers, ranchers, and other food producers.
Are you saying they should do all the work, not pass on their cost increases, and not make a profit?
No, I keep telling y'all they raise prices just to raise prices. Price gouging. Corporate greed. Whatever you want to call it it happened. Happening since the pandemic. Happened for decades before and after tragic events of various types of weather disasters.
We can argue all day on whether or not price gouging was the cause of the high inflation. However, when it comes to raising prices before and after extreme weather events y'all can't convince me that corporations ain't indiscriminately raising prices much needed items for those events.
@BNIBoiler
Are you saying that farmers and other food producers haven’t had their costs increase?
Still waiting to hear back from you on the who specifically is practicing “corporate greed” and “price gouging”…
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Been gone a week using my white priviledge playing golf in the rain, cold, sleet, and wind in WV and just saw your post. What I stated about the union folks supporting DJT is very real and very true and has been. As for the GOP, DJT has openly supported union workers and workers in general.
It also appears as if Harris/Walz are in the toilet and it's Trumps to win
First of all, it's reality under Bedpan and Commander Kammi because of their failed policy. Secondly, I love McD's breakfasts but will not pay that for a meal.
No, it’s greedy corporations, who are price gouging, tho BNI is unable to name them.
Good gracious, man you are working on my nerves. Whatever companies providing stuff you are buying with elevated prices. Y’all are the ones complaining about the inflation, you tell me.
Your premise is false .....thus why the poster asked you .... specifically which companies. As there aren't any in NPB's mind.
I would agree with NPB, post 2020, I hadn't noticed many companies on the NYSE that made bigtime bank above the general stock market returns....other than pharmacy & other companies associated with the various COVID scams......or other bloated Govt bills.
If companies price gouged ....would be easy to point out above market returns for the time period you speak of. Yet look at Kroger, Purdue, Kraft, Heinz, PepsiCo, Coca cola, Tyson foods, Rose Acre, etc there are no massive extra ordinary inflated stock returns that would reflect price gouging.
Inflation caused early by supply chains. But that subsided by end of 2021...as prices barely jacked upwards in 21.
Biden then did 3 main things to raise prices......
1. Passed inflated bills that pumped money into the economy
2. Regulations and policy on energy that raised energy & thus production & transportation costs for all goods
3 Dramatically increased population with illegals creating higher demand for goods, housing and food. Add 5% more people....Up demand 5%
.....leaving us all with inflated prices of 22,23 & 24
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I will say Pepsi, and Coke did some price gouging. That sugar water they charge for seems to a bit much.
Lol. That is for sure
Yes all those companies have done well.....but within the relative performance of all other non food companies during that time period.
None have performed extraordinary above the market which what one would expect if actually price gouging was the case these last 4 years.
Kroger has admitted to price gouging in federal court. Stands to reason it was more than just milk and eggs. It’s pretty silly the way some of you act like it’s just a completely outlandish thing to say that corporate greed and price gouging are a problem, just so you can blame Biden.
https://www.businessinsider.com/kro...d-inflation-executive-testifies-report-2024-8
https://www.businessinsider.com/kro...d-inflation-executive-testifies-report-2024-8
The supposed price gouging Only applied to milk & eggs and wasn't indicative of Kroger making massive net profits.
Would have to see the source email to determine were the price increases for 1 month? Or 1 quarter? Or 1 year? When was that year or quarter?
The lib media has jumped on this one random email about 2 products at one corp.....and tried to say all prices were gouged at all companies on all products.
One can look at net profits for Kroger and see BOTH good & bad years during the Biden Presidency. So if they gouged prices ......did Kroger just forget to do it during the bad year????
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Energy costs. Duh.
And yet their net profit margins are between 1-2% consistently. So no price gouging, when you look at the big picture.
High energy prices.
Farmers went from paying $400 per ton for NH3 fertilizer to $1200 per ton.
Anhydrous is a by product from the manufacture of fuel.
Fuel prices doubled.
McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices
The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.
McD's knows price gouging when it costs over $20 bucks for two breakfast sandwiches and tots.McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices
The fast food giant, which is the world's largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.www.agriculturedive.com
