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Never forget this - if this were "real" inflation and not corporate fuckery then their profits would be down.
by phone8675309 2y ago
Never forget this - if this were "real" inflation and not corporate fuckery then their profits would be down.
- gonzoflip 2y agoIf it is just corporate profits the state and county sure piled on by increasing my property taxes 40% over the past 3 years. That's an extra $300 a month for me which is more than my car payment. edit: changed country to county
- skywhopper 2y agoDid the value of your property also increase over that time period?
- gonzoflip 2y agoyeah, almost entirely due to inflation, it isn't like I improved my home.
- SoftTalker 2y agoSo the assessor says. But what does that have to do with how much tax reveneue the local government needs to operate?
- prewett 2y agoIn a real inflation, why would profits be down? If the company has any pricing power, they just increase the price. In fact, the definition of inflation is prices increases.