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There's been over a year of quarterly earnings calls where executives have told investors about falling supply chain costs and when asked if prices would drop h
by KennyBlanken 3y ago
There's been over a year of quarterly earnings calls where executives have told investors about falling supply chain costs and when asked if prices would drop have laughed.
Trump also slashed corporate taxes and taxes for the ultra-wealthy, which certainly didn't help.
- gruez 3y ago>Trump also slashed corporate taxes and taxes for the ultra-wealthy, which certainly didn't help. How does cutting taxes raise prices?
- evancox100 3y agoIt’s fundamentally inflationary.
- 000ooo000 3y agoYeah there was even a video compilation circulating (posted here IIRC) of recent earnings calls where the CEOs all said "blah blah great opportunity to increase prices". Surprising to read comments in here that seem to hold a sentiment along the lines of "companies are just doing what they gotta to get by".
- claytongulick 3y agoYou believe it is wrong to price products according to what the market will bear?
- ceejayoz 3y agoThe market may not be able to in the long run. Credit card debt is at an all time high, because people still need to eat when grocery bills go up. https://www.cnbc.com/amp/2023/12/03/how-america-racked-up-a-1-trillion-credit-card-bill.html https://www.cnbc.com/amp/2023/12/03/how-america-racked-up-a-... Short-termism beats long again.
- 000ooo000 3y agoDon't think I said that
- landemva 3y ago> Trump also slashed corporate taxes and taxes for the ultra-wealth Congress writes the bills that set tax rates. Congress also writes the spending bills. I thought Biden told us to blame US price increases on Putin. "families are starting to feel the impacts of Putin’s price hike." https://thehill.com/homenews/administration/597675-biden-blames-putins-price-hike-for-high-inflation/ https://thehill.com/homenews/administration/597675-biden-bla...