• @LibreHans
    link
    -422 days ago

    Go look up their net profit margins, they are going sideways.

    • @Viking_Hippie
      link
      2
      edit-2
      22 days 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
        link
        -122 days 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.

        • @[email protected]
          link
          fedilink
          English
          222 days ago

          The purchasing power of those “growing” profits has basically not changed.

          Lol

          LMAO, possibly

        • @Viking_Hippie
          link
          122 days 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
              link
              122 days 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
                link
                -122 days ago

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

                • @Viking_Hippie
                  link
                  122 days 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.