5 ms·

DG has added $10B of value for shareholders this year, on top of uniquely providing $40B a year of goods for a population that needs them. That's not a bad thin

DG has added $10B of value for shareholders this year, on top of uniquely providing $40B a year of goods for a population that needs them. That's not a bad thing

mohsen1 11mo ago
I am an American citizen living in Europe. There are grocery stores here generating billions too. They have to advertise the price including taxes. That alone is a huge advantage for the shopper that regulations enforce it. If you're on the lower income side and have limited money to buy your groceries you don't have to guess the total price of your basket. Prices are WYSIWYG. I didn't think things are bad in the US until I lived here in Europe for some time to realize. Dollar General situation is bad and in a fairer system they would still make billions. Don't assume regulations that protects people automatically means bad business
- hopelite 11mo ago
  That’s ironic, because I don’t see the European hiding of taxes being a benefit or WYSIWYG at all. I agree that the way it is done in the USA is also not ideal, but frankly, the majority of people in all places are, let’s just say disinterested in serious matters and don’t really care one way or the other beyond slight frustrations in their daily lives. On net, hiding the ~20% VAT in the price of all goods in Europe is far worse and exactly why it is done, so you don’t think about it and don’t how much the ruling class has decided to plunder, by that one of many methods it plunders the lower classes. Ideally, in a consumer, citizen centered society the price would have to be listed separately along side of the tax on the same label. There is today absolutely no reason that could not be done and it would make people realize both how much the ruling class/government plunders, as well as e.g., in the U.S. produce is far cheaper than processed foods because it is usually not taxed. If information is deliberately hidden from you, you are no longer a citizen, but rather something more like a serf, a slave, or a mark of a con job; especially in an era where governments all across the west are hostile to and don’t represent anyone but their own self-interest, let alone their own people anymore.
  - reef_sh 11mo ago
    To be clear. This information is not hidden. Every receipt you receive will have the VAT % of each individual item written down, and VAT % of certain kinds of items are often discussed as part of regular politics and very present on public consciousness.
    - hopelite 11mo ago
      You are missing the point even though I rather clearly indicated it. This is not a question of whether you or I see the taxes as we likely both care to similar degrees, it’s about whether it is front and center for regular people to see at the point of gratification contact line, i.e., looking at the product on the shelf. The taxes in the US are also very clearly indicated on receipts, but that does not change that when you are looking at a price in Europe, you are appeased looking at it with a bias of assumed, baked in taxes. It’s a psychological difference related to loss aversion. Is precisely why the European rulers pushed to hide the taxes in the price so you don’t even think about it, opposed to additional monies being taken from you at the point of sale. It’s the very same reason why they pushed for employer to take all the massive taxes and costs and “contributions” out of one’s paycheck because handing over a check of some five digit amount every year to the government would be far more of a galling issue to most people than having it taken out of toe paycheck once a month and you normalized it and take it for granted. Talk to anyone that runs a personal business admit how they feel writing 6 or 7 digit checks to the government every quarter or so, before you grow past having someone that just does it as a matter of their role and they have no vested interest in whether any amount is paid. It astonishes me that people like you seem to be oblivious of the effects of these kinds of tricks and games, when this community is regularly discussing social engineering, dark patterns, marketing gobbledygook, etc. You think the government made up of liars that lie about everything, including lying; the people who cover up child rape of the Epstein kind and the rape gangs of the Brush Labour Party that numbers somewhere near ~250,000 victims of child gang rape … they wouldn’t have evaluated which way is better to hoodwink the multitude and minimize anger offer being pilfered?
      - dns_snek 11mo ago
Spivak 11mo ago
Everyone likes to hate on Dollar General but they made a little over $1 billion in profit on a little over $40 billion of goods sold which is a 2.7% profit margin. In terms of real value delivered to customers it's really hard to beat that. Kroger by comparison is 1.8%. In both cases we're talking about less than 3 cents of profit per dollar.
- ZeroGravitas 11mo ago
  Slightly worrying that there's two comments replying to an article about deliberate overcharging of consumers with responses about how profitable that is for them.
  - Spivak 11mo ago
    I mean the answer is "not very profitable." They're making less profit as a percentage of revenue than Costco. They absolutely should do better at updating the tags on their shelves but they're less making it rain and more getting pelted with pennies.

DG has added $10B of value for shareholders this year, on top of uniquely providing $40B a year of goods for a population that needs them. That's not a bad thing

mohsen1 11mo ago

I am an American citizen living in Europe. There are grocery stores here generating billions too. They have to advertise the price including taxes. That alone is a huge advantage for the shopper that regulations enforce it. If you're on the lower income side and have limited money to buy your groceries you don't have to guess the total price of your basket. Prices are WYSIWYG. I didn't think things are bad in the US until I lived here in Europe for some time to realize. Dollar General situation is bad and in a fairer system they would still make billions. Don't assume regulations that protects people automatically means bad business

hopelite 11mo ago
That’s ironic, because I don’t see the European hiding of taxes being a benefit or WYSIWYG at all. I agree that the way it is done in the USA is also not ideal, but frankly, the majority of people in all places are, let’s just say disinterested in serious matters and don’t really care one way or the other beyond slight frustrations in their daily lives. On net, hiding the ~20% VAT in the price of all goods in Europe is far worse and exactly why it is done, so you don’t think about it and don’t how much the ruling class has decided to plunder, by that one of many methods it plunders the lower classes. Ideally, in a consumer, citizen centered society the price would have to be listed separately along side of the tax on the same label. There is today absolutely no reason that could not be done and it would make people realize both how much the ruling class/government plunders, as well as e.g., in the U.S. produce is far cheaper than processed foods because it is usually not taxed. If information is deliberately hidden from you, you are no longer a citizen, but rather something more like a serf, a slave, or a mark of a con job; especially in an era where governments all across the west are hostile to and don’t represent anyone but their own self-interest, let alone their own people anymore.
- reef_sh 11mo ago
  To be clear. This information is not hidden. Every receipt you receive will have the VAT % of each individual item written down, and VAT % of certain kinds of items are often discussed as part of regular politics and very present on public consciousness.
  - hopelite 11mo ago
    You are missing the point even though I rather clearly indicated it. This is not a question of whether you or I see the taxes as we likely both care to similar degrees, it’s about whether it is front and center for regular people to see at the point of gratification contact line, i.e., looking at the product on the shelf. The taxes in the US are also very clearly indicated on receipts, but that does not change that when you are looking at a price in Europe, you are appeased looking at it with a bias of assumed, baked in taxes. It’s a psychological difference related to loss aversion. Is precisely why the European rulers pushed to hide the taxes in the price so you don’t even think about it, opposed to additional monies being taken from you at the point of sale. It’s the very same reason why they pushed for employer to take all the massive taxes and costs and “contributions” out of one’s paycheck because handing over a check of some five digit amount every year to the government would be far more of a galling issue to most people than having it taken out of toe paycheck once a month and you normalized it and take it for granted. Talk to anyone that runs a personal business admit how they feel writing 6 or 7 digit checks to the government every quarter or so, before you grow past having someone that just does it as a matter of their role and they have no vested interest in whether any amount is paid. It astonishes me that people like you seem to be oblivious of the effects of these kinds of tricks and games, when this community is regularly discussing social engineering, dark patterns, marketing gobbledygook, etc. You think the government made up of liars that lie about everything, including lying; the people who cover up child rape of the Epstein kind and the rape gangs of the Brush Labour Party that numbers somewhere near ~250,000 victims of child gang rape … they wouldn’t have evaluated which way is better to hoodwink the multitude and minimize anger offer being pilfered?
    - dns_snek 11mo ago

Spivak 11mo ago

Everyone likes to hate on Dollar General but they made a little over $1 billion in profit on a little over $40 billion of goods sold which is a 2.7% profit margin. In terms of real value delivered to customers it's really hard to beat that. Kroger by comparison is 1.8%. In both cases we're talking about less than 3 cents of profit per dollar.

ZeroGravitas 11mo ago
Slightly worrying that there's two comments replying to an article about deliberate overcharging of consumers with responses about how profitable that is for them.
- Spivak 11mo ago
  I mean the answer is "not very profitable." They're making less profit as a percentage of revenue than Costco. They absolutely should do better at updating the tags on their shelves but they're less making it rain and more getting pelted with pennies.