Half of recent US inflation due to high corporate profits, report finds | Inflation | The Guardian

That’s terrible! :pensive:

Duh :eye: :small_red_triangle:

1515151515 cats out of the bag

So we have pretend inflation?

1 Like

Inflation has had a huge impact on my life. My rent is going up starting next month and food prices are so ridiculous that i have had to utilize the food bank in recent months. I had to turn off my household internet since i can no longer afford $90 a month for basic service (thank goodness for unlimited internet on my phone). People will struggle and companies grow fat off of suffering…

1 Like

Terrible stuff, this should be illegal to sell beyond the cost of inflation benchmarks. Thoug I’m not sure how the categorising all works

1 Like

Oil companies are gouging us too. ExxonMobile made profits of $59 billion last year.
Shells profits were $39 billion and Chevron made $36 billion. Why do they need to make such enormous profits? If they cut their profits by about 4 billion each and gave rebates to every household with a car that was below the poverty line that would be 7.2 million households that would be $1500 each. if you’re in poverty, $1500 is going to make a big difference in your life. And if oil companies did this what would the effect on them be? Are they really going to miss $4 billion dollars? is it going to make them go broke? Their top executives salaries are in the range of $15 million to $36 million per year. $36 million times 10 years is $360 million. Do they need to make so much money when there’s so much poverty all around them? Just some figures I looked up.

2 Likes

This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.