• Viking_Hippie@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    edit-2
    2 months 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.

    • LibreHans@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      2 months 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.

      • Viking_Hippie@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        2 months 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.

          • Viking_Hippie@lemmy.world
            link
            fedilink
            arrow-up
            3
            ·
            2 months ago

            Thanks to the corporations you shill for. I’d say I hope that they’re paying a fair price for your dignity and integrity, but paying workers fair compensation is not something most corporations do…

            • LibreHans@lemmy.world
              link
              fedilink
              arrow-up
              1
              ·
              2 months ago

              Lol, you’re the one propagating the big banking propaganda that monetary inflation is not inflation.

              • Viking_Hippie@lemmy.world
                link
                fedilink
                arrow-up
                2
                ·
                2 months ago

                Nah, big banks can go fuck themselves with THEIR predatory practices too. So can the crypto scams you probably consider more reliable than real currency.

                The bottom line is that the Fed doesn’t drive inflation anywhere near as much as it did back when most money was in cash.

                Corporate profiteering, on the other hand, is at an all time high both in absolute numbers and with regards to driving inflation.