Corporate greed is causing most of the increase in inflation.

[applegrove]

Last edited Thu Apr 11, 2024, 12:16 PM - Edit history (1)

Post by @bireeves95

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Corporate greed is causing most of the increase in inflation.

Meme:

"General Mills just paid a $300 million dividend to investors, bought back $150 million in stock the enrich executives and investors, and pays its CEO $16 million.

It makes profits of $2.1 billion a year. It is raising prices on cereals 20% and blaming "inflation".

And:

"SNIP.............

What Swing Voters Care About
April 11, 2024 at 11:56 am EDT By Taegan Goddard 71 Comments

The Economist: “Swing voters do not view this year’s election as Republicans would like them to: immigration is not the most important issue for them. Neither do they view it as Democrats wish. Their most important issue is not the defense of democracy, climate policy, or abortion. It is inflation, which remains sticky , followed by the economy.”

“Politics is less central to the lives of swing voters than it is to news hounds and committed partisans. They may not know much about Mr Biden’s position on natural gas or North Korea, but they do know that eggs are expensive and driving to work costs too much.”

...........SNIP"

https://politicalwire.com/2024/04/11/what-swing-voters-care-about/

[elleng]

1. Naturally

[Faux pas]

2. Wow that's a GIGANTIC

surprise

[justaprogressive]

3. Total lack of oversight

dozens surprised.

[twodogsbarking]

4. Oh yeah.

[EarnestPutz]

5. This simple fact should be repeated over and over. Like a gospel.

[orangecrush]

6. Kick

[littlemissmartypants]

7. I would say boycott cereal but for some people I know cereal is all

They can afford to eat and what they primarily exist on.

[RubyRose]

8. Dividend paid is only 3.45 % which is standard for

Stocks like Kimberly Clark, Proctor &Gamble and other stocks paying dividends. Where’s it different from what they’ve been paying us investors for years?

[applegrove]

9. Do they need to increase prices by 20%?

[NoMoreRepugs]

10. Stock buybacks vs worker wage increases or capital expenditures help

to support and raise price of underlying stock and thus raise the dividend amount don’t they?

[Emile]

11. Tell that to willfully ignorant republicans.

[B.See]

12. As many here have been saying...

They are PRICE GOUGING - deliberately and artificially keeping prices high to benefit Trump and the GOP - because with them in control, corporations and the wealthy elite would get away with paying zero taxes, and henchmen like Trump's Mick Mulvaney would be able to continue dismantling consumer protections.

Mick Mulvaney’s Master Class in Destroying a Bureaucracy From Within - NYTimes

Mick Mulvaney turned the CFPB from a forceful consumer watchdog into a do-nothing government cog - The Conversation

'Shameless Corporate Shill' Mick Mulvaney Tells SCOTUS to Destroy Agency Trump Let Him Lead
"It's time to stop pretending this case is anything but a brazen power grab by corporate criminals and their loyal bagmen," one researcher said of a payday lender trade association's attack on the CFPB's funding structure.

OP-ED: Mick Mulvaney’s assault on consumer finances and the CFPB is illegal as well as wrong Donald Trump is ignoring the Dodd-Frank law Congress wrote to prevent this.

"would you like to know more?"

Consumer Financial Protection Bureau - Wikipedia

[liberalla]

13. The great Katie Porter spells it out and makes it very clear.

** ETA: this is only 1 minute and 20 seconds!

Link to tweet

[aggiesal]

14. It's called Greedflation, not Inflation. n/t

[RealScoop]

15. Is this new news?

I'm not happy about today's raising prices, for sure. I did notice that this was quoted as far back as Dec 2021, so just making a point that this isn't a new story.

https://www.trendsmap.com/twitter/tweet/1466490853770375172

[KS Toronado]

16. How much is a yearly subscription to trendsmap?

[Brother Buzz]

19. $100 to $500 a month, Baby! But you can cancel at any time, all risky free

https://www.trendsmap.com/pricing

[KS Toronado]

20. I love risky free Buzz

Think I'll get one for each of my 1,978 employees.

[applegrove]

17. It is a top issue in the election. Flush the issue out and call it what it is. Greedflation.

[Cha]

22. It's an Ongoing Story.. doesn't matter if it were

quoted in Dec 2021.

[republianmushroom]

18. Yup

[WarGamer]

21. The cause doesn't really matter...

Gas here is near $6 again and new cars come along with 7% financing.

Oh and a Big Mac Meal is $13 with med fries and coke.