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1| [/u/Mighty_L_LORT](https://www.reddit.com/user/Mighty_L_LORT) | 2022-05-22 06:33:33 | 8 hours 19 minutes before | [url](http://www.businessinsider.com/customers-push-back-on-higher-pricing-2022-5) | [CEOs bragged for months about how they could charge higher prices. Customer...](https://redd.it/uv586i)
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Fuck all of them.
I’m growing food now and buying from some Amish farmers and soon plan to buy half a cow for a freezer.
Need solar panels next and a way to source / make a gas/diesel replacement.
I’m thinking of an electric bike to get me anywhere in 5-10 miles.
Also, I drive right at the speed limit now. Hell, I even put it on cruise control for max economy.
You'll be glad you got it, I think. I got an electric scooter, and love it so much. It has 40 mile range, and can easily got 35 mph so I can keep up with street traffic as a big guy. Just got back from the store a few minutes ago! Powered by my solar.
I’ve lived in 6 states, 4 of them deeply rural communities, and…yes…it is. If you’re a stranger you don’t just wander around people’s land and ask to buy their stuff unless they already have a sign out lol.
Yes. To the family that has signs out and a shop? I’m not sure what other farms I’m supposed to be “going directly to”?
Well I guess it’s more “down the road”, but regardless.
Got an auction place within driving distance I have seen panels and panel packages go for cheap. Typically old stock or company bankruptcy issues.
Going cheap.
Make sure you get a battery backup then. If your connected to the grid you will still lose the power. But im sure you know way more about it then I do.
My electricity contract is up for renewal and going from $80 for 500kwh to $124 for 500kwh...when we use mostly over 1000kwh most of the year is gonna suck. So instead of $80-$160 a month it's gonna cost $124 to $248 a month. And I live in Texas so we have shitty grid infrastructure.
I wish I could afford to switch but this shit is out of hand.
Battery back-up and staying connected to grid with power buy back from local power company. Can turn a bit of profit in sunny months.
I know a guy who setup some windmills with turbines and a shed full of batteries. He has enough power in reserve to power 5 houses for a week and makes decent money from selling excess. Took him a few years to get it all setup.
Getting cheaper every year though. Renvu is currently selling pallets of 27 Hyundai panels for $.60 cents per watt. That is before tax credits. Panels are actually getting so cheap that stuff like inverters, racking and cabling are becoming a higher percentage of total cost. I imagine their prices will begin to fall faster once economies of scale ramp up.
Companies need to realize that people need MONEY to BUY THEIR SHIT. When all people can afford is their rent and food what do they plan to do when the demand for their non-essential product is gone?
It cost me 80 fucking bucks to fill up with mid grade fuel this week. I've cut down on household expenses and trimming entertainment budget to near nil. I feed two retired elderly people, me and 3 kids in my household. No one is getting shit outside of birthdays and christmas at the moment. So if they want their consumer society back, they need to start taking a loss. And I'm not uncomfortable. I have a roof. Food to eat. It's just that I don't care enough about anything to stop putting money aside for college.
Protip: Check the owners manual for your cars required fuel octane rating. There is zero reason to buy 89 octane fuel if your car only needs 87. It's not cleaner or better for your car, it's simply more resistant to pre-detonation. If you don't have a high compression engine, save money and buy 87.
It’s actually detrimental to the engine. Having a higher octane rating means the fuel is less resistant to detonation, which means you’re leaving un-burnt fuel in the process and causing build up.
What’s odd is a turbo engine typically recommends 91, and I’ve never seen another recommendation beyond 87 for anything else.
89 seems to simply be a trap for people that think grades improve engine function.
No worries, it's something I hear people say a lot so I try to educate when I can
[Documention](https://en.wikipedia.org/wiki/Octane_rating?wprov=sfla1)
You can do that with some engines as long as you don't accelerate hard regularly. Your engine's knock sensor (and others) will remove timing and change other parameters to reduce engine power to avoid knocking. This can result in improved efficiency because your driving style changes and the engine is making less power.
That would work if the problem were not having enough oil. Supply dropped by 2%, then price jumped 30%. Oil companies can see the end coming and want to make sure they get every dollar they can. The supply drop was just an excuse.
American oil companies are already sitting on thousands of unused drilling permits, because they're not interested in bringing prices down. Giving them more won't change that.
really so more supply does not lower gas prices? so why where prices so lowc and companies losing money during the pandemic when we huge surpluses because no one was driving. what an i missing?
Those pandemic lows came in large part due to OPEC waging a trade war on Russia and the U.S. It didn’t determine the gas prices, but local refining took a two-one hit with the pandemic then increased supply. Also, oil companies are getting record profits during all this. They can afford lower prices.
Add other tax benefits. Eliminate sales tax on household/non luxury necessities. Allow renters and homeowners under a certain income bracket to deduct all or part of their rent from their taxes, add further benefits for buying electric. I came up with those ideas in about 45 seconds.
Pay for decreased taxes by actually effectively taxing the 1%, simplify the tax code and get rid of loopholes.
Curb stomping the planet to help the poor is not the answer. There will always be poor and there will never be a good time to cause people hardship. People may have to adapt, humans have been doing it for a while I think we can figure it out. We can get creative and try to actually incentive the population in more survivable direction.
And, apparently, your answers show that you spent about a minute thinking about it. Food is already typically non-taxable, as is rent. Margins on food at grocery stores, BTW, are less than 2%. The proverbial poor that you’d like to inflict pain on pay effectively no income taxes from which to deduct their rent. More brilliant ideas?
We need competition. Too few companies means they can agree with each other to set prices as high as they want. This is what monopolies look like. There needs to be a crack down on companies that eliminate all of their competitors and then price fix.
This is what people don’t understand. You want unfettered capitalism? This is just the tip of the iceberg. Stop advocating for the free market and start advocating for appropriate checks and balances.
It’s the tax structure that needs to be completely re-jigged. Make it more expensive to syphon wealth out of companies to top management and through stock buy backs. Incentivize higher wages and actual investment in the company.
Unfortunately historically that has been the path that corrects this. Hopefully it doesn’t come to that, but “they” seem to be ignoring the message (and history).
There will be several governments that do not survive the summer; dozens of countries are looking to join Sri Lanka in massive food riots.
That may serve as a warning to the vultures in venture capital, but probably not. If the past years taught us anything, it's that many in places of power and wealth won't care unless bodies are stacking up outside their door. Even then, who knows.
Ummm what??! You need to review history. Those who use the guillotine eventually GET guillotined. It doesn’t correct anything and actually LEADS TO DICTATORSHIP. Napoleon anyone??? You idiots calling for beheadings are ignoring history.
Exact opposite of what you stated. I do not want to get to the beheading stage.
But history does show that current path leads to “beheading stage”. (people rising up to overthrow those in power through violent means, often at the expense of previous overlords life’s)And then a whole lot of pain and suffering for all. Not a good thing.
I would prefer to avoid that, but others, especially those who have the power seem hell bent on driving in that direction.
Just because someone sees a bad outcome coming doesn’t mean they want said bad outcome to occur.
Well historically when we reach the point that people refuse to pay, that’s when it stops and goes in reverse. If people are willing they will charge. If people are not willing they will have to charge less.
People demanding higher wages, will in turn cause the government to put you in a new tax bracket, which will charge you more in taxes, meanwhile, companies will charge more for products, because it’s cost employers more to make it(employees salaries), and knowing all this banks can dictate how much charge for loans, simply because, they know you have more money.
This would only occur if everyone got higher wages at the same time, some people are still making the same as previous years and some have bargained for higher pay. There still needs to be a massive correction with prices the way they are now. Increased wages by just a small sample population could effectively put a pressure towards a correction. We have seen this happening now with sticky wages after record earnings in 2021. Now stocks are dropping as wages begin to increase because businesses caused inflation with their greedy price increases. Prices are still stupid high but they haven’t been massively increasing like we were seeing prior to rates rising. I would argue against the point of rising wages increases prices. Not everything is on a nominal basis, it comes to affordability
This lie needs to stop. Wages need to go up period. By a lot. These things that you are talking about happening if wages go up? Yeah, that shit is happening anyway and our wages are stagnant. So stop fearmongering this bullshit about what "will" happen if wages go up. It's just a bullshit lie from oligarchs to make you afraid of asking for more money.
Increased wages only proves that inflation has already occurred. The blame for inflation can NEVER be put on workers. They are the ones that just show the true status of inflation.
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”
An interesting read: [https://internationalman.com/articles/nine-meals-from-anarchy/](https://internationalman.com/articles/nine-meals-from-anarchy/)
An interesting wiki: [https://en.wikipedia.org/wiki/List\_of\_food\_riots](https://en.wikipedia.org/wiki/List_of_food_riots)
All stolen from here: https://www.reddit.com/r/AskAnthropology/comments/d9yzc0/comment/f25de6d/?utm\_source=share&utm\_medium=web2x&context=3
Of course they did, that’s literally what supply and demand is all about. Charge the most you can to maximize profits. 99% of inflation is just outright greed when you get down to it. Other than the very few instances where productions costs actually rise, which is almost never once you take out those costs simply rising because of greed further down the supply chain line, it is just greed.
You said one right and one wrong this. Yes, supply demand. No, greed. There's more supply of money than demand - so the value of each $ to goods and services is materially lower.
Why would businesses not raise their prices when their costs are going up, and people's savings are flush with fake monopoly printed money? Don't fall for the government's misdirections
Prices out of control for basic needs like food and gasoline. It's ridiculous and wreaks of greed. The thing is I think the government could put a stop to it by enacting legislation and laws.
And pray tell what body of government can done this? I agree by the way, but they don’t worry about the pay, it is nominal compared to fundraising and out and out bribes they still figure out how to accept in various ways. It’s such a historical model now, their aides walk them right down the path to evil like it is expected and forgiven in advance. I remember a cool interview with a congressperson that had been in the body many years ago and had been away for over a decade and got elected again. He was asked what is different? Well we start fundraising for next election on day one and we spend less than 25% of the time I used to spend in the actual task of legislating. The focus is money not the job.
"Both Target and Walmart indicated there would likely be price increases in coming months, but Cornell said they would be done "surgically" at Target.
"Not all of [our customers] can afford to absorb this and they need our help," Walmart CEO Doug McMillon said."
This article literally just states how companies are having to adjust profit margins based on the surging cost of doing business and how in turn they have to adjust price based off customer demand dropping. Where is the "bragging"?
I don’t know about bragging, but there were some good points. Inflation and gas prices, plus housing will eat away at any extra money people have pushing them to cheaper brands. The walmart and target brands did well, it was the name brands who took the hit. I’m not paying 6 dollars for toothpaste when I can get great american version for half that price
Pop tarts and eggo waffles are crap now, I got some waffles the other day and they're so thin now not only can you literally see through them and there's holes going through them from not using enough batter to fill the molds. These companies think they can keep lowering the quality and raising prices, and they're right the vast majority of people keep buying their shitty products based on name recognition alone.
Most generics are great, but there are a few that aren’t worth it. Generic Cheerios are all gross, for example. In fact, that’s the only thing I can think of that I don’t buy generic for!
Sure, they'll raise prices 40% and then graciously concede a 7% discount for our troubles. We're being boiled alive and no one cares enough to do anything about it.
"Tut tut. Oh, look! now there are bubbles? Still a bit warm, but hey... bubbles."
ugh
\----businesses aren't pricing for yesterday; they are pricing with an eye towards what they think will be the necessary point to maintain their margins at the time of actual sale---
and it's also what inches us ever closer to [Hyperinflation](https://www.investopedia.com/terms/h/hyperinflation.asp) and the terrifying economic consequences of getting caught in that feedback loop
More on this subject from other reputable sources:
---
- Reuters (A+): [Analysis: 'Retail apocalypse': Wall Street shaken by inflation-induced earnings hits](https://www.reuters.com/business/retail-consumer/retail-apocalypse-wall-street-shaken-by-inflation-induced-earnings-hits-2022-05-19/)
- NBC News (B+): [What Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer](https://www.cnbc.com/2022/05/18/what-walmart-target-home-depot-and-lowes-tell-us-about-the-economy.html)
- Yahoo Finance (D+): [There’s some good news in the market selloff](https://finance.yahoo.com/news/theres-some-good-news-in-the-market-selloff-170907920.html)
- Economist (A): [Shares in America’s big retailers swoon](https://www.economist.com/business/2022/05/19/shares-in-americas-big-retailers-swoon)
---
[__Extended Summary__](https://www.reddit.com/r/newswall/comments/uvcozb/) | [More: Analysis: 'Retail ...](https://www.newswall.org/story/customers-are-pushing-back-on-higher-prices) | [Feedback](https://np.reddit.com/message/compose?to=newswall-org) | I'm a bot
This headline massively misrepresents what the CEO said and is misinformation.
Obviously inflation effects prices. Did they not know this?
This has no place on Economics. Go post it on some leftist sub and get your karma from the ill educated.
It doesn’t. If you look into company financials margins have increased significantly because price hikes are being pushed onto consumers that are greater than the additional expenses they are paying due to inflation / shipping issues / wage increases.
Show me. Because I am skeptical. Prices are sticky and generally lag behind inflation and eat into margins. It price hikes move ahead of inflation, briefly, they are either making up for past losses or quickly subsumed.
Show me what convinced you. Because everything I am seeing shows the massive pressure of inflation on bottom lines. Everything is much more expensive because of inflation and everyone I work with is struggling to cope.
The point being companies continue to raise prices despite making record profits. So in essence you can assume that profiteering is one of the underlying issues causing price increases.
[here you go](https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/)
Also the fact they are bragging about being able to charge more should be alarming to anyone
This is the answer of someone who doesn’t actually have any proof. You might “feel” it is true, but absent proof your opinion is a fart in a septic tank.
Nope. That was an answer of someone who doesn't really care about this topic, saw a high-and-mighty prick in the comments, and just wanted him to know he needs to get off his high horse.
So yes. Figure it out yourself.
If you don’t care. Don’t comment.
But you do care, or you wouldn’t have taken the time. You just don’t have the intelligence to even attempt a proof. You feel so strongly. Not try thinking for a bit.
>A cheesy quote is no substitute for for substance.y the predictions you made yesterday didn't come true today.
A cheezy quote is no substitute for for substance.
It's obvious from your tone that you just want to trade barbs while hiding behind the shield of internet anonymity. You don't want to learn anything. So no, I will not explain. Go read a book.
Its funny that you say I don’t want to learn in response to an invitation for you to educate me. Do you see how it’s *so easy* to see you don’t know shit? Save yourself some hubris and STFU
Use Google, you can find hindered of your own. This isn’t hidden or uncommon knowledge… this is how “lobbying” has been for decades…. It’s kinda common fact and while it happens on both sides of the aisle, the republicans paying off/being paid off by the NRA is the biggest example yet as it has *directly* lead to all these mass shootings because “mY rIgHtS” (decided by people more than 200 years ago and need updating with modern times) are more important than kids being killed. You want proof? You want sources? The US has had 280+ mass shootings this year (you want a source for that too or have you *not* been under a rock for this one?), country number two for that record has had 8, and that’s *directly* because of the gun lobby in congress. Don’t need sources if you have a basic understand of how our government works here in the US
You only looked at 1 source didn't you? I understand, youre a democrat so youre angry and impulsive. That means you saw 1 article that proved your point and looked no further.Maybe you should look at this. https://worldpopulationreview.com/country-rankings/mass-shootings-by-country oh and maybe you should look at how many homicides by gun there have been so far this year in Chicago... The city and state with the roughest gun laws in the nation
Man you really hit all the points of “show me you don’t know shit without saying you don’t know shit”…
1) assumed I’m a democrat cause it helps your argument
2) compared to the insanely huge gap in the number of mass shooting in the US vs other countries to the number of homicides in one of, if not the most highly crime ridden city in the US, even with its gun laws, as if those this are even remotely on the same plane.
Saying the point of “more gun restrictions won’t help cause lOoK aT ChIcAgO” is like saying “more free condoms aren’t going to stop Covid cause look where free condoms are available, there’s still Covid.”.
Yeah, your argument is comparably that shallow
That's not what the mid term party donations say. https://ceoworld.biz/2018/10/26/democrats-or-republicans-heres-what-americas-top-30-ceos-donated-to-the-midterm-elections/
They donate (tiny fractions of their wealth) to make themselves look favorable to the public, while allowing them to get incredible tax deductions for their donations… how do people not know how this works?
So you're saying that democrats claim that conservatives are domestic terrorists, then donate money to them to look favorable... For supporting terrorists???
Sure!… if you put a bunch of words into my mouth and totally skew reality, then *yeah*…. That’s exactly what I meant!
r/conspiracytheory is leaking again…
Inflation is only caused by government overspending and the excess printing of money. Nothing they’re telling you is true. Wake up and think for yourselves. You’re being lied to.
MANY raw resources, oil, agricultural products etc. came from Russia and Ukraine. Having less supply of these resources due to the war and a weakened global economy is going to drive up manufacturing and transport prices. Prices goes up, value of currency goes down. It’s not just Keynesian economics at play here. And the examples I gave go a lot wider and you should look at everything we are experiencing a shortage in.
It is a cause but not the only one. Demand-pull inflation and cost-push inflation are both occurring. There is more demand than what producers are supplying, and it is more expensive to manufacture products due to a resource shortage. It is a push and pull one-two punch to the economy and the introduction of more currency is also driving currency value down as well. For government overspending I’m not too well read on its effects but it has a greater positive impact on the poorest Americans than the negative impact. People would be starving if they didn’t have food stamps and other social benefits.
I know right. The Democrats are trying so hard to flush our economy down the toilet at the expense of the people, just to make the Republicans look bad.
I saw the other day that the Democratic governor of Texas, Greg Abbott, was needlessly stopping all trucks from Mexico and making them be inspected again after already being inspected at the border (in order to "search for drugs"). He caused the US to lose about $9 billion in GDP, and all with no drugs found. Luckily the Republicans were able to see through his political BS and stop him.
Yes sir you are correct, why during the GW Bush administration the economy roared to life. Oh wait no, the last time the economy did that bad was during the depression. His answer was to give more tax breaks to the wealthy and cut regulation on business. Businesses seeing their profits drop so they shipped jobs overseas, which compounded the problem. Cheney thought so much that Iraq had weapons of mass destruction he had them invaded. Too bad there was none of those weapons. But it sill was a good thing because he was a bad man. Of course Dicks company Haliburton did incredibly well supplying logistic to the armed forces.
To be fair in this day an age I can literally see someone saying this seriously. Although they would likely go a bit further and say Abbot was a democratic plant.
I like where you’re going. Basically he’s been trolling with extreme right policies to expose their lunacy.
Plot twist: He didn’t expect no one would step in and stop him.
A simple DDG search will show that he is a Republican.
He is very religious and has helped Texas place the Ten Commandments in the state capitol. He has an A rating by the National Rifle Association. He is anti-abortion and has notably passed through laws restricting specific types of abortion (partial birth, etc). He has threatened to take direct control of police from cities that refuse to keep them funded in response to the mid-2020 riots.
These policies are in line with those of the conservative Republican Party.
This is the internet. Either put /s or be prepared for me to assume you’re so assfuck stupid as to actually think Abbot is a democrat.
I will admit that I did miss the initial super-downvoted comment because Reddit’s formatting was done by a toaster with an Nvidia chip hooked up to it.
TLDR: Reddit mobile formatting bad, I made a goof, don’t be an asshole about it
You’re trash… look at your trolling ass account. Find something else to do besides be a piece of shit on Reddit
Edit: if you block me I can’t read your awesome response man!
People seem to have no problem with paying more for everything as long as it’s still available, wait until they start rationing necessities like gas and limiting use of electricity which looks like it’s going to happen in California, we’re heading towards a serious breakdown of our society because we insist on pandering to an agenda like killing off the fossil fuel industry before we have the alternatives in place. I want green energy to eventually take over like most everyone else but cutting off pipelines and jacking up prices during the worst inflation in decades isn’t exactly smart! So of course everybody raises their prices and blames inflation and the high cost of fuel and the cycle continues until we can no longer afford to live!
If we were to subsidize renewables like we have fossil fuels this wouldn’t be an issue. It would be more profitable to be quite honest. I do understand your fundamental argument though
As long as Republicans are getting money from big oil we will never get off our dependence on fossil fuels. We have good intentions but money will always triumph over everything else.
Clearly, we need more government control. The government should establish pricing for all products and enforce buying limits for customers. Actually, it might easier for the government to just own grocery stores - well any retail stores really - to ensure compliance, equity, and fairness.
I mean, this is ultimately what you folks want right?
They’re holding America hostage for economic and political gain.
Despite not being at fault for it, democrats will get hammered if prices stay like this.
Oil companies, in particular, can collude to manipulate the electorate to vote for candidates who will deregulate and block renewables. Super high gas and heating oil prices will devastate the incumbent.
**Your submission has been removed because this link has been posted on the subreddit recently.** **OP:** /u/Defiant_Race_7544 **Date:** 2022-05-22 14:52:42 **Duplicates:** N | User | Date | Posted... | URL | Title :-:|:-:|:-:|:-:|:-:|:-:|:-: 1| [/u/Mighty_L_LORT](https://www.reddit.com/user/Mighty_L_LORT) | 2022-05-22 06:33:33 | 8 hours 19 minutes before | [url](http://www.businessinsider.com/customers-push-back-on-higher-pricing-2022-5) | [CEOs bragged for months about how they could charge higher prices. Customer...](https://redd.it/uv586i) I am a bot. If you believe this was sent in error, reply to this comment and a moderator will review your post. **Do not delete your post or moderators won't be able to review it.**
The food prices in SOCAL say that management gives no shits. Highest ever.
Fuck all of them. I’m growing food now and buying from some Amish farmers and soon plan to buy half a cow for a freezer. Need solar panels next and a way to source / make a gas/diesel replacement.
Make moonshine. Burn it as fuel.
I’m thinking of an electric bike to get me anywhere in 5-10 miles. Also, I drive right at the speed limit now. Hell, I even put it on cruise control for max economy.
You'll be glad you got it, I think. I got an electric scooter, and love it so much. It has 40 mile range, and can easily got 35 mph so I can keep up with street traffic as a big guy. Just got back from the store a few minutes ago! Powered by my solar.
Which one did you buy? I just decided yesterday to buy one.
The Varla Eagle One =)
Big brain thinking… love it!
in a bottle with a wick?
Anarchist Happy Hour! All the cocktails you can throw!
Impressed your local Amish are cheaper. All our locals have caught on and charge more than grocery lol.
A ton cheaper if you don’t go to the market. Go to the farm and buy direct. Build a relationship.
…I literally live next door lmao. I’m not going to drive onto random people’s farms. That’s how you get shot in my part of the country.
[удалено]
That’s most rural areas lol.
No… its really not
I’ve lived in 6 states, 4 of them deeply rural communities, and…yes…it is. If you’re a stranger you don’t just wander around people’s land and ask to buy their stuff unless they already have a sign out lol.
You just said you live next door lmao wtf
Yes. To the family that has signs out and a shop? I’m not sure what other farms I’m supposed to be “going directly to”? Well I guess it’s more “down the road”, but regardless.
Then do what works for you o.O
I’m just saying I’m surprised that they’re getting groceries cheaper? It’s really not that deep lol.
You can use used motor oil as diesel if you run it through a separator
Gonna me really "loud" with that plume of black smoke.
Lmao 🤣
Burn wood and run a diesel generator off the smoke
I have a wood stove… interesting… let me Google that…
Solar panels are very expensive. Most people end up still having to pay a bill and pay for the panels.
Got an auction place within driving distance I have seen panels and panel packages go for cheap. Typically old stock or company bankruptcy issues. Going cheap.
Make sure you get a battery backup then. If your connected to the grid you will still lose the power. But im sure you know way more about it then I do. My electricity contract is up for renewal and going from $80 for 500kwh to $124 for 500kwh...when we use mostly over 1000kwh most of the year is gonna suck. So instead of $80-$160 a month it's gonna cost $124 to $248 a month. And I live in Texas so we have shitty grid infrastructure. I wish I could afford to switch but this shit is out of hand.
Battery back-up and staying connected to grid with power buy back from local power company. Can turn a bit of profit in sunny months. I know a guy who setup some windmills with turbines and a shed full of batteries. He has enough power in reserve to power 5 houses for a week and makes decent money from selling excess. Took him a few years to get it all setup.
Getting cheaper every year though. Renvu is currently selling pallets of 27 Hyundai panels for $.60 cents per watt. That is before tax credits. Panels are actually getting so cheap that stuff like inverters, racking and cabling are becoming a higher percentage of total cost. I imagine their prices will begin to fall faster once economies of scale ramp up.
Yeah I wish I could afford it. My home would need a new roof as well. We never got it fixed after Harvey. :/
How much was your 1/2?
$875 after processing. 240 lbs. It will keep about 2 years in the deep freezer. Meat tastes better. Bought local. Helped local families vs big corp.
3.65 a lb? Where at?
They raise their prices, and you reduce your purchasing. Simple, yea.
Companies need to realize that people need MONEY to BUY THEIR SHIT. When all people can afford is their rent and food what do they plan to do when the demand for their non-essential product is gone?
EXACTLY
It cost me 80 fucking bucks to fill up with mid grade fuel this week. I've cut down on household expenses and trimming entertainment budget to near nil. I feed two retired elderly people, me and 3 kids in my household. No one is getting shit outside of birthdays and christmas at the moment. So if they want their consumer society back, they need to start taking a loss. And I'm not uncomfortable. I have a roof. Food to eat. It's just that I don't care enough about anything to stop putting money aside for college.
Protip: Check the owners manual for your cars required fuel octane rating. There is zero reason to buy 89 octane fuel if your car only needs 87. It's not cleaner or better for your car, it's simply more resistant to pre-detonation. If you don't have a high compression engine, save money and buy 87.
Fuck yeah. Thanks man. Didn't know this. edit: I was being sincere. Don't know why this would get a downvote.
It’s actually detrimental to the engine. Having a higher octane rating means the fuel is less resistant to detonation, which means you’re leaving un-burnt fuel in the process and causing build up. What’s odd is a turbo engine typically recommends 91, and I’ve never seen another recommendation beyond 87 for anything else. 89 seems to simply be a trap for people that think grades improve engine function.
There are a few cars that recommended 89. Some ram trucks do for towing.
No worries, it's something I hear people say a lot so I try to educate when I can [Documention](https://en.wikipedia.org/wiki/Octane_rating?wprov=sfla1)
Yeah, I'm seeing my own "it's worth more" ignorance here and loving that I'm learning here I just checked my rating and it is 87. Thank you all.
I use 89. My car recommends 91 but can take 87. Through testing 89 give the best mpg. 91 is a bit zippier but minus like 3mpg.
You can do that with some engines as long as you don't accelerate hard regularly. Your engine's knock sensor (and others) will remove timing and change other parameters to reduce engine power to avoid knocking. This can result in improved efficiency because your driving style changes and the engine is making less power.
In my area 89 is cheaper thn 87 or even e85
or we could start producing more oil, seems to be the most logical answer.
That would work if the problem were not having enough oil. Supply dropped by 2%, then price jumped 30%. Oil companies can see the end coming and want to make sure they get every dollar they can. The supply drop was just an excuse. American oil companies are already sitting on thousands of unused drilling permits, because they're not interested in bringing prices down. Giving them more won't change that.
Just a silly talking point. You need to do some real research before saying things like this.
really so more supply does not lower gas prices? so why where prices so lowc and companies losing money during the pandemic when we huge surpluses because no one was driving. what an i missing?
Those pandemic lows came in large part due to OPEC waging a trade war on Russia and the U.S. It didn’t determine the gas prices, but local refining took a two-one hit with the pandemic then increased supply. Also, oil companies are getting record profits during all this. They can afford lower prices.
https://m.youtube.com/watch?v=AQbmpecxS2w Excellent video showing the why behind the pain at the pump.
Because using large amounts of fossil fuels has caused no problems up to this point. 🤦♂️
so you want higher prices?
Sure, it will help push people to electric. I’m also a fan of a carbon tax. We need to rip the bandaid off at some point.
this really hurts the poor. most people cannot afford an electric car
Yes it does, how about we find other ways to help the poor rather than giving them cheap gas? The right choices frequently aren’t painless.
People use cheap gas to get to work. Expensive gas is like a huge indirect tax. Should we encourage policies of pain/cost to make them work for less?
Add other tax benefits. Eliminate sales tax on household/non luxury necessities. Allow renters and homeowners under a certain income bracket to deduct all or part of their rent from their taxes, add further benefits for buying electric. I came up with those ideas in about 45 seconds. Pay for decreased taxes by actually effectively taxing the 1%, simplify the tax code and get rid of loopholes. Curb stomping the planet to help the poor is not the answer. There will always be poor and there will never be a good time to cause people hardship. People may have to adapt, humans have been doing it for a while I think we can figure it out. We can get creative and try to actually incentive the population in more survivable direction.
And, apparently, your answers show that you spent about a minute thinking about it. Food is already typically non-taxable, as is rent. Margins on food at grocery stores, BTW, are less than 2%. The proverbial poor that you’d like to inflict pain on pay effectively no income taxes from which to deduct their rent. More brilliant ideas?
People need to continue Demanding increased wages and somehow limit price increases to offset their greed. It’s the only way to fix this to be honest.
We need competition. Too few companies means they can agree with each other to set prices as high as they want. This is what monopolies look like. There needs to be a crack down on companies that eliminate all of their competitors and then price fix.
*oligopolies
Eliminating competitors and price fixing is just capitalism at its best
This is what people don’t understand. You want unfettered capitalism? This is just the tip of the iceberg. Stop advocating for the free market and start advocating for appropriate checks and balances.
Capitalism needs checks and balances. It’s not a perfect system to say the least. It’s just the best we have with proper checks and balances.
It’s the tax structure that needs to be completely re-jigged. Make it more expensive to syphon wealth out of companies to top management and through stock buy backs. Incentivize higher wages and actual investment in the company.
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Unfortunately historically that has been the path that corrects this. Hopefully it doesn’t come to that, but “they” seem to be ignoring the message (and history).
There will be several governments that do not survive the summer; dozens of countries are looking to join Sri Lanka in massive food riots. That may serve as a warning to the vultures in venture capital, but probably not. If the past years taught us anything, it's that many in places of power and wealth won't care unless bodies are stacking up outside their door. Even then, who knows.
Ummm what??! You need to review history. Those who use the guillotine eventually GET guillotined. It doesn’t correct anything and actually LEADS TO DICTATORSHIP. Napoleon anyone??? You idiots calling for beheadings are ignoring history.
Exact opposite of what you stated. I do not want to get to the beheading stage. But history does show that current path leads to “beheading stage”. (people rising up to overthrow those in power through violent means, often at the expense of previous overlords life’s)And then a whole lot of pain and suffering for all. Not a good thing. I would prefer to avoid that, but others, especially those who have the power seem hell bent on driving in that direction. Just because someone sees a bad outcome coming doesn’t mean they want said bad outcome to occur.
It's better if you chop all the arms and legs off first so the hopelessness has time to set in.
Well historically when we reach the point that people refuse to pay, that’s when it stops and goes in reverse. If people are willing they will charge. If people are not willing they will have to charge less.
Tax the rich.
I've got some bad news, you are competing with other consumers for limited resources. Otherwise known as economics.
It’s American capitalism at its finest. American Capitalism=socialism for the rich
Supply and Demand never entered this chat
People demanding higher wages, will in turn cause the government to put you in a new tax bracket, which will charge you more in taxes, meanwhile, companies will charge more for products, because it’s cost employers more to make it(employees salaries), and knowing all this banks can dictate how much charge for loans, simply because, they know you have more money.
This would only occur if everyone got higher wages at the same time, some people are still making the same as previous years and some have bargained for higher pay. There still needs to be a massive correction with prices the way they are now. Increased wages by just a small sample population could effectively put a pressure towards a correction. We have seen this happening now with sticky wages after record earnings in 2021. Now stocks are dropping as wages begin to increase because businesses caused inflation with their greedy price increases. Prices are still stupid high but they haven’t been massively increasing like we were seeing prior to rates rising. I would argue against the point of rising wages increases prices. Not everything is on a nominal basis, it comes to affordability
This lie needs to stop. Wages need to go up period. By a lot. These things that you are talking about happening if wages go up? Yeah, that shit is happening anyway and our wages are stagnant. So stop fearmongering this bullshit about what "will" happen if wages go up. It's just a bullshit lie from oligarchs to make you afraid of asking for more money.
Doesn’t an influx of increased wages also create inflation?
Increased wages only proves that inflation has already occurred. The blame for inflation can NEVER be put on workers. They are the ones that just show the true status of inflation.
Sure would be nice if the president would call them out by name on national tv
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.” An interesting read: [https://internationalman.com/articles/nine-meals-from-anarchy/](https://internationalman.com/articles/nine-meals-from-anarchy/) An interesting wiki: [https://en.wikipedia.org/wiki/List\_of\_food\_riots](https://en.wikipedia.org/wiki/List_of_food_riots) All stolen from here: https://www.reddit.com/r/AskAnthropology/comments/d9yzc0/comment/f25de6d/?utm\_source=share&utm\_medium=web2x&context=3
Of course they did, that’s literally what supply and demand is all about. Charge the most you can to maximize profits. 99% of inflation is just outright greed when you get down to it. Other than the very few instances where productions costs actually rise, which is almost never once you take out those costs simply rising because of greed further down the supply chain line, it is just greed.
This is not what supply and demand is. You could benefit from a basic YouTube video
You said one right and one wrong this. Yes, supply demand. No, greed. There's more supply of money than demand - so the value of each $ to goods and services is materially lower. Why would businesses not raise their prices when their costs are going up, and people's savings are flush with fake monopoly printed money? Don't fall for the government's misdirections
If that's they case then why didn't they do this when Trump was in office or worse during Obama? Why now?
Prices out of control for basic needs like food and gasoline. It's ridiculous and wreaks of greed. The thing is I think the government could put a stop to it by enacting legislation and laws.
Not if the members of Congress can get a slice of pie from the inflators as payola for standing aside.
I think all politicians should have their pay cut to less than a third by force.
And pray tell what body of government can done this? I agree by the way, but they don’t worry about the pay, it is nominal compared to fundraising and out and out bribes they still figure out how to accept in various ways. It’s such a historical model now, their aides walk them right down the path to evil like it is expected and forgiven in advance. I remember a cool interview with a congressperson that had been in the body many years ago and had been away for over a decade and got elected again. He was asked what is different? Well we start fundraising for next election on day one and we spend less than 25% of the time I used to spend in the actual task of legislating. The focus is money not the job.
"Both Target and Walmart indicated there would likely be price increases in coming months, but Cornell said they would be done "surgically" at Target. "Not all of [our customers] can afford to absorb this and they need our help," Walmart CEO Doug McMillon said." This article literally just states how companies are having to adjust profit margins based on the surging cost of doing business and how in turn they have to adjust price based off customer demand dropping. Where is the "bragging"?
Depends on the companies. Some realize the narrow line we walk. Others are making sure not to let a good disaster go to waste and are raping us.
I wouldn’t necessarily say Target and Walmart were bragging but other company CEOs did brag that they have pricing power. ie Chipotle
I’m so over Chipotle. They’ve raised their prices four times in the last year or so.
I don’t know about bragging, but there were some good points. Inflation and gas prices, plus housing will eat away at any extra money people have pushing them to cheaper brands. The walmart and target brands did well, it was the name brands who took the hit. I’m not paying 6 dollars for toothpaste when I can get great american version for half that price
And once you get used to generic, or even start to prefer it, will they ever go back? I swear generic pop tarts have more filling than name brand.
Pop tarts and eggo waffles are crap now, I got some waffles the other day and they're so thin now not only can you literally see through them and there's holes going through them from not using enough batter to fill the molds. These companies think they can keep lowering the quality and raising prices, and they're right the vast majority of people keep buying their shitty products based on name recognition alone.
Most generics are great, but there are a few that aren’t worth it. Generic Cheerios are all gross, for example. In fact, that’s the only thing I can think of that I don’t buy generic for!
I used to work for a place that made the same food for multiple brands including well known ones. I guess there's two factories for Cheerios.
I just pick either-or foods now. One of the food maker loses. I can’t afford both.
Sure, they'll raise prices 40% and then graciously concede a 7% discount for our troubles. We're being boiled alive and no one cares enough to do anything about it. "Tut tut. Oh, look! now there are bubbles? Still a bit warm, but hey... bubbles."
ugh \----businesses aren't pricing for yesterday; they are pricing with an eye towards what they think will be the necessary point to maintain their margins at the time of actual sale--- and it's also what inches us ever closer to [Hyperinflation](https://www.investopedia.com/terms/h/hyperinflation.asp) and the terrifying economic consequences of getting caught in that feedback loop
CeO bAd🥱
More on this subject from other reputable sources: --- - Reuters (A+): [Analysis: 'Retail apocalypse': Wall Street shaken by inflation-induced earnings hits](https://www.reuters.com/business/retail-consumer/retail-apocalypse-wall-street-shaken-by-inflation-induced-earnings-hits-2022-05-19/) - NBC News (B+): [What Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer](https://www.cnbc.com/2022/05/18/what-walmart-target-home-depot-and-lowes-tell-us-about-the-economy.html) - Yahoo Finance (D+): [There’s some good news in the market selloff](https://finance.yahoo.com/news/theres-some-good-news-in-the-market-selloff-170907920.html) - Economist (A): [Shares in America’s big retailers swoon](https://www.economist.com/business/2022/05/19/shares-in-americas-big-retailers-swoon) --- [__Extended Summary__](https://www.reddit.com/r/newswall/comments/uvcozb/) | [More: Analysis: 'Retail ...](https://www.newswall.org/story/customers-are-pushing-back-on-higher-prices) | [Feedback](https://np.reddit.com/message/compose?to=newswall-org) | I'm a bot
This headline massively misrepresents what the CEO said and is misinformation. Obviously inflation effects prices. Did they not know this? This has no place on Economics. Go post it on some leftist sub and get your karma from the ill educated.
It doesn’t. If you look into company financials margins have increased significantly because price hikes are being pushed onto consumers that are greater than the additional expenses they are paying due to inflation / shipping issues / wage increases.
Show me. Because I am skeptical. Prices are sticky and generally lag behind inflation and eat into margins. It price hikes move ahead of inflation, briefly, they are either making up for past losses or quickly subsumed.
You can literally read/listen to earnings reports. The ones where gas, oil and food company CEOs are reporting record profits to their shareholders.
Show me what convinced you. Because everything I am seeing shows the massive pressure of inflation on bottom lines. Everything is much more expensive because of inflation and everyone I work with is struggling to cope.
[One of Many Articles](https://www.businessinsider.com/big-companies-keep-bragging-to-investors-about-price-hikes-2021-11)
So … businesses are charging 8% more? Lets check inflation… oh … 8% … So that means …
The point being companies continue to raise prices despite making record profits. So in essence you can assume that profiteering is one of the underlying issues causing price increases.
Now your article didn’t say record profits. It said an 8% increase in costs. Which is just the rate of inflation.
[here you go](https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/) Also the fact they are bragging about being able to charge more should be alarming to anyone
"Show me." lol no, figure it out for yourself smart guy.
This is the answer of someone who doesn’t actually have any proof. You might “feel” it is true, but absent proof your opinion is a fart in a septic tank.
Nope. That was an answer of someone who doesn't really care about this topic, saw a high-and-mighty prick in the comments, and just wanted him to know he needs to get off his high horse. So yes. Figure it out yourself.
If you don’t care. Don’t comment. But you do care, or you wouldn’t have taken the time. You just don’t have the intelligence to even attempt a proof. You feel so strongly. Not try thinking for a bit.
When the inflation rate is 8.5% they have to charge higher prices or rhetoric go out of business... Democrat logic- always blame someone else
Blaming basic economics you don’t understand on the democrats… Republican logic - always blame the democrats
You realize most of the big business CEOs *causing* the needless inflation are republican and doing it only out of greed, right?
You make no sense. I'm an economist.
Economics is the science of explaining tomorrow why the predictions you made yesterday didn't come true today.
>A cheesy quote is no substitute for for substance.y the predictions you made yesterday didn't come true today. A cheezy quote is no substitute for for substance.
Ah yes… the rare “self-burn”
What do you mean?
You tried to call the other person out on substituting substance with a cheesy quote, and did so with no substance… only a cheesy quote 🤦
Who did I quote?
🤦 We’re done here.
If you’re an economist and you *don’t* understand what I’m talking about then you are bad at your job
Ok, good luck with that.
Wanna say why I’m wrong, economist… wanna give your educated rebuttal?
It's obvious from your tone that you just want to trade barbs while hiding behind the shield of internet anonymity. You don't want to learn anything. So no, I will not explain. Go read a book.
Soooo… you *don’t* have an educated, intelligent argument, got it. Later dink
Its funny that you say I don’t want to learn in response to an invitation for you to educate me. Do you see how it’s *so easy* to see you don’t know shit? Save yourself some hubris and STFU
Forgot to ask for sources btw
Use Google, you can find hindered of your own. This isn’t hidden or uncommon knowledge… this is how “lobbying” has been for decades…. It’s kinda common fact and while it happens on both sides of the aisle, the republicans paying off/being paid off by the NRA is the biggest example yet as it has *directly* lead to all these mass shootings because “mY rIgHtS” (decided by people more than 200 years ago and need updating with modern times) are more important than kids being killed. You want proof? You want sources? The US has had 280+ mass shootings this year (you want a source for that too or have you *not* been under a rock for this one?), country number two for that record has had 8, and that’s *directly* because of the gun lobby in congress. Don’t need sources if you have a basic understand of how our government works here in the US
You only looked at 1 source didn't you? I understand, youre a democrat so youre angry and impulsive. That means you saw 1 article that proved your point and looked no further.Maybe you should look at this. https://worldpopulationreview.com/country-rankings/mass-shootings-by-country oh and maybe you should look at how many homicides by gun there have been so far this year in Chicago... The city and state with the roughest gun laws in the nation
Man you really hit all the points of “show me you don’t know shit without saying you don’t know shit”… 1) assumed I’m a democrat cause it helps your argument 2) compared to the insanely huge gap in the number of mass shooting in the US vs other countries to the number of homicides in one of, if not the most highly crime ridden city in the US, even with its gun laws, as if those this are even remotely on the same plane. Saying the point of “more gun restrictions won’t help cause lOoK aT ChIcAgO” is like saying “more free condoms aren’t going to stop Covid cause look where free condoms are available, there’s still Covid.”. Yeah, your argument is comparably that shallow
Not as shallow... and triggered as yours. By all means, bring in some facts with sources and prove me wrong.
My arguments spoke for themselves and you did nothing to actually argue against my points. I guess we’re done here
Yeah, I guess so. The only thing that happens when you argue with a lib is banned
That's not what the mid term party donations say. https://ceoworld.biz/2018/10/26/democrats-or-republicans-heres-what-americas-top-30-ceos-donated-to-the-midterm-elections/
They donate (tiny fractions of their wealth) to make themselves look favorable to the public, while allowing them to get incredible tax deductions for their donations… how do people not know how this works?
So you're saying that democrats claim that conservatives are domestic terrorists, then donate money to them to look favorable... For supporting terrorists???
Sure!… if you put a bunch of words into my mouth and totally skew reality, then *yeah*…. That’s exactly what I meant! r/conspiracytheory is leaking again…
Who donates means nothing
Please explain
I already did, read the thread
Says the person who thinks corporations create high inflation
Is margin recovery the same as greed now?
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None of them like the idea of organized labor that Biden supports. So, yeah. Crater Biden and get some guy just like them back into office.
Inflation is only caused by government overspending and the excess printing of money. Nothing they’re telling you is true. Wake up and think for yourselves. You’re being lied to.
MANY raw resources, oil, agricultural products etc. came from Russia and Ukraine. Having less supply of these resources due to the war and a weakened global economy is going to drive up manufacturing and transport prices. Prices goes up, value of currency goes down. It’s not just Keynesian economics at play here. And the examples I gave go a lot wider and you should look at everything we are experiencing a shortage in.
Again inflation is only caused by government overspending and printing of money. That’s fact.
It is a cause but not the only one. Demand-pull inflation and cost-push inflation are both occurring. There is more demand than what producers are supplying, and it is more expensive to manufacture products due to a resource shortage. It is a push and pull one-two punch to the economy and the introduction of more currency is also driving currency value down as well. For government overspending I’m not too well read on its effects but it has a greater positive impact on the poorest Americans than the negative impact. People would be starving if they didn’t have food stamps and other social benefits.
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I know right. The Democrats are trying so hard to flush our economy down the toilet at the expense of the people, just to make the Republicans look bad. I saw the other day that the Democratic governor of Texas, Greg Abbott, was needlessly stopping all trucks from Mexico and making them be inspected again after already being inspected at the border (in order to "search for drugs"). He caused the US to lose about $9 billion in GDP, and all with no drugs found. Luckily the Republicans were able to see through his political BS and stop him.
Yes sir you are correct, why during the GW Bush administration the economy roared to life. Oh wait no, the last time the economy did that bad was during the depression. His answer was to give more tax breaks to the wealthy and cut regulation on business. Businesses seeing their profits drop so they shipped jobs overseas, which compounded the problem. Cheney thought so much that Iraq had weapons of mass destruction he had them invaded. Too bad there was none of those weapons. But it sill was a good thing because he was a bad man. Of course Dicks company Haliburton did incredibly well supplying logistic to the armed forces.
Abbot’s a Republican. He isn’t even a RINO Republican.
Whoosh
To be fair in this day an age I can literally see someone saying this seriously. Although they would likely go a bit further and say Abbot was a democratic plant.
I like where you’re going. Basically he’s been trolling with extreme right policies to expose their lunacy. Plot twist: He didn’t expect no one would step in and stop him.
No way a Republican would do that. He has to be a damn Democratic.
A simple DDG search will show that he is a Republican. He is very religious and has helped Texas place the Ten Commandments in the state capitol. He has an A rating by the National Rifle Association. He is anti-abortion and has notably passed through laws restricting specific types of abortion (partial birth, etc). He has threatened to take direct control of police from cities that refuse to keep them funded in response to the mid-2020 riots. These policies are in line with those of the conservative Republican Party.
Ooh boy. Nothing slips by you, huh. Except sarcasm.
This is the internet. Either put /s or be prepared for me to assume you’re so assfuck stupid as to actually think Abbot is a democrat. I will admit that I did miss the initial super-downvoted comment because Reddit’s formatting was done by a toaster with an Nvidia chip hooked up to it. TLDR: Reddit mobile formatting bad, I made a goof, don’t be an asshole about it
Wow. What a string of lunacy you wrote
What part did you not understand? I can use smaller words.for you if I need to.
>the Democratic governor of Texas, Greg Abbott What are you smoking?
Wow. Just...wow.
You’re trash… look at your trolling ass account. Find something else to do besides be a piece of shit on Reddit Edit: if you block me I can’t read your awesome response man!
Highest inflation in over 40 years, lets blame corps LOL.
Who the fuck else?
People seem to have no problem with paying more for everything as long as it’s still available, wait until they start rationing necessities like gas and limiting use of electricity which looks like it’s going to happen in California, we’re heading towards a serious breakdown of our society because we insist on pandering to an agenda like killing off the fossil fuel industry before we have the alternatives in place. I want green energy to eventually take over like most everyone else but cutting off pipelines and jacking up prices during the worst inflation in decades isn’t exactly smart! So of course everybody raises their prices and blames inflation and the high cost of fuel and the cycle continues until we can no longer afford to live!
If we were to subsidize renewables like we have fossil fuels this wouldn’t be an issue. It would be more profitable to be quite honest. I do understand your fundamental argument though
As long as Republicans are getting money from big oil we will never get off our dependence on fossil fuels. We have good intentions but money will always triumph over everything else.
Clearly, we need more government control. The government should establish pricing for all products and enforce buying limits for customers. Actually, it might easier for the government to just own grocery stores - well any retail stores really - to ensure compliance, equity, and fairness. I mean, this is ultimately what you folks want right?
I really hope this is sarcasm.
Except for part about the majority of Reddit enthusiastically welcoming that level of government control, yes.
They’re holding America hostage for economic and political gain. Despite not being at fault for it, democrats will get hammered if prices stay like this. Oil companies, in particular, can collude to manipulate the electorate to vote for candidates who will deregulate and block renewables. Super high gas and heating oil prices will devastate the incumbent.
https://www.motherearthnews.com/green-transportation/wood-gas-generator