This is 100% false. No one on the left was for the war in Iraq. No one on the left is pro Russia right now. This strictly a moderate or right/far right opinion.
I pretty much said this yesterday about that sitting Ukrainian house GOP member and a couple of posters actually had an issue with it. This is why the country will ultimately fail, mother fuckers like that. Not the evil mother fuckers or those that support their evil shit. The people who finger wag anyone that responds with the correct amount of vitriol towards those evil people.
Those people are grifters. You know how online I am and none of the left media I consume is behind Russia on this. You can be principled in your beliefs and be against sanctions that will ultimately destroy the lives of innocent Russians and also anti-Putin and his warmongering. Walking and chewing gum is possible
And I Figured that's who you were referring to. Krystal and Kyle must be feeling themselves since I guess Krystal is officially divorced now Kim Iversen and Jimmy Dore are other awful grifters parading around as "leftists"
LOL of course. Prop them down in the year 2000 and they'd be all about swing state people voting Nader or not voting.
Adam Johnson from Citations Needed had a long Twitter thread about how America has no credibility to denounce Russias actions. He’s right of course, but also really went up to the line of Russia apologia. That was a little disappointing
Kroger made a whopping ~$1.25M in profit per store over the course of a year. $104K per month or $3,424 per day.
This is one of those deals that I mentioned about sensationalist headlines. If you cared to dig into this tweet, you would find that they reported operating profit of 3.1b, 3.5b and 3.4b, in 2014/15/16 and adjusting for lifo, their profit is only up 6% over last year, when it recovered from roughly a 25% dip from trailing averages in 2017-2019. On top of this, these operating profits are all in the 2-3% margin range. Grocery stores notoriously operate on the slimmest of margins. All this to say, figures without context are meaningless and you probably could have picked a better example for your price gauging thesis
Liberals have trouble comprehending revenue/profit at scale. They see a big $ figure but don't dig into what it takes to get there. Not calling out anyone here, but you see this all-time with Warren/Bernie. They cater to the uneducated.
Do people like kennypowers understand that if Krogers input cost for a box of cereal goes from $6 to $7 that Kroger gets to maintain its same profit margin % and now make more money? Thats not “price gauging” as that incredibly misleading tweet suggests. Their 2021 adjusted inc. margin % stayed exactly the same at 3.1% This is the simple math that their CEO is likely referring to about inflationary markets being good for them, and the whole grocery industry as a whole
Kroger doesn’t “get” to do shit. They made a decision to increase their profits at the expense of their customer and blame “inflation” for doing so. They could have maintained the price to the customer and had reduced profit. They chose not to do that.
Go look at my edit. They did not increase profit margin%. Their vendors raised prices on them and they made more margin dollars as a result despite keeping the same percent of margin on their operations. I am not sure what reality you are living in where you think any business would willingly choose to reduce its profits. A business exists to generate profit, and while there may be examples of corporate greed, I am not sure that this is a good one
2% inflation is literally a made up benchmark and it's because management hates to lower wages/prices so they target 2% to allow wage and price increases its literally behavioral economics
This is explicitly corporate greed. If there were any kind of rice pressure they wouldn’t be able to just keep taking whatever profit margin they want, They would have to compete on price in a market. The problem is that investors have decided that their return should have the same guarantee as a salary instead of being a risk. Labor and consumers are the ones forced to bear the actual risk now.
Still both siding in 2022. Far left: People shouldn’t go bankrupt due to medical bills. Far right: Strip the rights of people who don’t look like me. Chuds: Both sides are the same.
I dont think you comprehend what is going on here. Saying they can “take whatever profit margin they want” in a 2-3% margin business is laughable. Price pressure has nothing to do with it. If that box of cereal goes from $6-7, then Krogers competitors are having to eat that increase as well. If they all simply maintain their same levels of profitability, then the price will go up for all of them. Price pressure only comes into play if someone decides to behave irrationally and reduce their margins. I don’t understand how you can view simply maintaining profitability as greed
You aren’t describing some hard and fast rule of economics, you’re describing the prisoner’s dilemma. Again this is about investors refusing to accept risk and making labor and the consumer carry it instead.
No, if you read my above posts, I very literally said that he is correct. What I argue, is the characterization that they were price gauging or making unprecedented profits, as their financials clearly do not show this.
Capitalism! Where companies layoff workers instead of investors accepting risk! Also Kroger has expanded into a huge delivery push lately. I'm sure that also has to do with revenue increases and not just whatever super-simple thing someone tried to make it in a tweet. I'm not defending corporate greed and if Kroger did that then fuck them but just saying in general they've expanded their business so hot-take tweets likely dont tell much of a story.
Literally all the data out there and none of it supports this at all. But keep going so we can laugh at you per usual
“People should stop going bankrupt due to healthcare” -leftists “wow, what a fucking dumb take. Christ ur do fucking stupid” - Nashville Chud
Everyone in this thread is triggered over Kroger posting $1.25M in operating profit per store all because they look at the overall profit and ignore margin %. How much do you think Kroger should make per store?
"Not everybody is the perfect person in the world," "Everyone does -- kills people, murders people, steals from you, steals from me…”
Remember that time you posted a graph in the Covid thread that clearly showed the opposite of what you were saying but thought it supported you because you’re a simple boy? You can’t even read graphs and you in here trying to tell other people they don’t understand finances. Keep it moving you fucking bum
"Kroger laying off employees and price gouging during a pandemic and WW3 while posting record profits is good and you're uneducated if you have a problem with it!" is certainly a take