Price Gougers!
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- Опубликовано: 12 мар 2024
- Economic Genius Joe Biden has figured out the cause of the catastrophic inflation in the US since he took office. Those of us foolish enough to believe it had anything to do with printing an extra Ten Thousand Billion Dollars must hang our heads in shame, because the TRUE culprit is PRICE-GOUGING CORPORATIONS… like those damned price-gouging, fat-cat farmers!
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Did my food shopping today. I paid nearly $13.00 for one and half pound package of ground beef. I'm on social security and I can't even afford to pay for a months supply of groceries . Looks like ramen noodles are on the menu again. F.J.B.
I hit the boiling point when cabbage started being expensive. Dammit, whatever goes on with the idiots in DC, there simply ought to be one or two things that are cheap enough so the poor can eat!
Joe Biden: You should be grateful for those delicious noodles, Jack!
AOC has a degree in economics, and she doesn't understand any of this that you all are discussing here.
Colleges will graduate students who fail by giving them a passing grade. Anything to move them through the system. Don't want to hurt their feelings by not letting them graduate
Sandy actually has a couple of degrees, supposedly, and she doesn’t understand anything.
just a reminder, 42% of every dollar that ever exist was printed in 2021. thats why all your prices are ridiculously high, because your money is just not worth what it used to be.
check for hoarding under Bidens pillow
When I print $100 bills backed by nothing and try to spend them, it’s forgery and I go to jail. When the government print $100 bills backed by nothing, it’s “quantitative easing” and I get hosed along with everyone else.
I know a woman that owns a gas station and it made her a billionaire. Oh wait she still works there 12 hours a day 6 days a week. Probably makes less than me.
This is why economics is not taught in high school. And only business majors take it in college. My Fiance blames the higher prices on greed. I don't even bother to try to explain simple economics anymore . He is a die hard democrat. And is allergic to logic.
Just as im typing this, he walked in and complained that there's only 8 franks in the package, when there use to be 9. Lord give me strength!!!
I just rolled my eyes.
You better run away now from this moron.
...are you sure you want to marry the guy? Sounds like you're setting yourself up for a failed marriage with that sort of inability to communicate.
I think you both need to start seeing other guys.
@@jimruby9657 dang, I wish I had thought of that!!
Can we all complain about how our presidents used to have functioning inside of their head, and the current “president” has no brain? Talk about stagflation.
Fool that I am I only have S.S. for my retirement.
I once rented a tool for a car repair. It took me about 15 minutes - with the right tool - and I returned the tool. The rent guy saw me and didn't realize I had left and returned so soon. When I told him I was done and returning the tool, he said there would be no charge since I returned it so quick. I said he had to charge me because if he didn't make a profit, he would quit renting tools and I wouldn't be able to get one the next time I had to do a repair.
If the price of eggs doesn't go up as the cost goes up, they'll quit selling eggs and I won't be able to get any.
Rent a chicken.
Yeah, sounds about the way it goes.
In the -inimitable- *immortal* words of Judge Elihu Smails, "You'll get nothing, and like it!"
In 1980, a big mac meal was 3 bucks. In 2000, it was 5. in 2020 it was almost 8 dollars. Today it is 18 dollars. It rose 5 dollars in 40 years. And ten dollars in the last 4 years...
Hey, fellas, all that matters to the White House is that the Big Guy gets his 10%, no matter what.
I used to be the Buyer's Assistant at a small family owned supermarket chain and we would use 30% markup. So if our cost on a can of peas was $.27 then I'd multiply it by 1.3 or $.351 so I'd put $.39 on the price sheet. Or maybe $.34 of we wanted to move them. If it was on sale I might use 1.28 markup. After overhead (rent, utilities, labor, etc.) 😮our average net profit was probably $.02 per dollar. That's probably where that came from.
Biden was running for Senate so long, he measures success by how much money he got allocated to a cause. Never worried whether that solved anything. Never worried about where the money came from. Only concern was making that dollar amount as big as possible so he can give speeches about how much money he secured for his constituents or his state. As President, he seems confused whenever people complain about how much he's spending because in his mind, the more the better.
Clearly he doesn't understand deficits or inflation.
Companies should stop gouging. That's the government's job.
Richard Nixon took us off the Gold Standard
Forget Watergate. Taking us off the gold standard did far far more damage.
Should be noted that the US was functionally off the gold standard as far back at least as Franklin Delano Roosevelt. The gold standard had no teeth long before Nixon officially axed it.
@GreyWolfLeaderTW FDR stole the gold. Nixon sold it to China for pennies on the dollar. In between the Federal Reserve and the CIA unalived JFK, took the silver out of the dimes and quarters, copper out the the pennies, and the nickel out of the nickels.
I'd much rather give up on money altogether, and go straight to trading in gold, silver, and copper coins -- with each value floating against each other! (None of this "16 ounces of silver is equal to 1 ounce of gold" nonsense that inevitably causes hoarding issues for whichever metal is more valuable at a particular moment!)
FDR shot the gold standard, Nixon administered the _coup de grace._ Irreparably screwing us over was a bipartisan effort.
Same thing will happen in Canada when Poilievre takes over from turdoo
I work for local government. I’ve had an annual pay increase of 2-5% every year since Biden has been president for a four year total increase of 12%. If you factor in inflation I’ve taken a 5% pay cut. We can barely afford to put food on the table.
Inflation benefits the uber wealthy while simultaneously taxing the poor and middle class.
Explains why since the plandemic shutdown, the 6 wealthiest billionaires have doubled the value of their total wealth.
If the government tried to run on a balanced budget, the economy would collapse.
Half the population of the planet would have a heart attack.
actually, there would be some initial “pain,” but the economy would flourish.
@@Lightning613 Ronald Reagan proved it
The NDP party leader in Canada is touting the same mantra. On top of inflation we have the compounding carbon tax.
The curse of Keynes - The equation that we've lived by for 80 years includes Government spending ("G". in the equation) as a major factor in defining the GNP/GDP (the calculations between Gross "National vs. Domestic Product are slightly different, but "G" remains in both equations.) So per democrats in general, and Republicans largely, alas, if you want economic growth, just spend more government money, whether we have it or not. Paul Volker was not what I would consider a reliable conservative, but in partnership with Ronald Reagan, he took us through a couple of years of economic pain to kill the stagflation under Jimmy Carter. (And to be fair, it started under Nixon, particularly when he got us out of Bretton Woods, and also imposed wage and price controls. Because nothing sounds more conservative than wage and price controls. The curse and joy of getting old, AND having a now more than 40-year old vintage degree in economics, you get to both have lived through these times, and understand why they happen.)
Y’all ain’t seen nothing yet. Just wait till the $20 hr. minimum wage kicks in……🤨
Yes, I paid $16 for two hamburgers and a large fry at Dairy Queen the other day. Our local one has no inside seating, so walk in, pickup or drive through. It use to be the cheap places to treat the kids. I like McDonalds shamrock shakes during the month of March. Got a small one last week, $4.50. If I hear Biden say “pay your fair share” one more time when you know he and his criminal family brought in millions which I am sure they didn’t pay any taxes on. Makes me sick.
When I hear people need a living wage, I reply make minimum wage a $1000 an hour. And they'll say that'll raise prices, but then still insist people need a living wage.
Absolutely correct. No matter what value determined to be the minimum wage, it’s exactly that: the minimum. Even at $500 per hour, those who earn the minimum will not be able to afford housing, food and transportation.
Right now, our congress is discussing the NINE and ONE HALF TRILLION ( 9.5 Trillion) to split between Israel, Ukraine and someplace else that isn't America)
Not everybody can operate like Disney continually making products that suck.
Disney can’t operate like that much longer either.
You guys are the best in the business. RUclips is fully aware of the value you guys bring to the platform and they are doing everything they can to suppress it.
i cannot take finacial advice from a group of people that pay $400 for a screwdriver and $1200 for a toilet. Your finacial acumen is not bronek, it's non-existent.
They've been spinning this garbage line here in Oz. I have no love for supermarkets, but the prices ain't their fault.
Funny with the law mower example. We bought a brand new zero turn mower because it was cheaper than paying for lawn care over the course of a year.
Someone PLEASE explain to me how prices can DOUBLE or nearly double, yet be said to have risen an average of 20-40%?
In order for that to be the "average" there have to be prices on many items that have fallen sharply..... I'm not seeing it, and if you do, please tell me where you shop
People are always surprised when I tell them that retail management is a creative profession. One of the things I enjoyed about it was finding ways to increase VALUE for our customers when I couldn’t decrease price. Could I make their visit more pleasant: cleaner store, friendlier staff, more attractive displays? Creative thinking.
Thank you for the RA in the corner, I love this show...
Scott: such a great description of the heart of capitalism. 👍
The nickel analogy is spot on. Hadn't heard that take on it. Just another way to explain basic economic method.
People haven't figured out how and when to use a turn signal. Oh ye of too much faith.
Not everyone wants prices low. If you sell 100 of something with a $50 profit on each you make $5000. If you sold the same item for much cheaper but only cleared $1 profit, you'd need to sell 5,000 to make the SAME money. But it's 50 times the work. If you sold 3000 of them, you'd make much LESS money and still be doing much more work.
fair market value in a competitive market equals competition equals a reasonably priced product. No demand equals few sales.
I was just hoping we'd get a new Bill Whittle video
I disagree with laying the blame entirely on one administration vs another. We’ve been on the road to ruin for a long time. One administration may let off the throttle a little more than another but it’s still at break neck speed to what it should be. Unless a multiple decade plan is implemented the next administration will do nothing to solve this.
2% profit is indeed slim margins and little room for misdemeanors like thief up to $950. Voters maybe ignorant, but you get stuck with the bill when you are faced with food deserts.
There is no such thing as price gouging. A thing or a service costs what it costs. Buy it or don't buy it. Supply and demand overrules every other economic force. I believe Bill once said that wealth can be created out of thin air. This should not be confused with currency being created out of thin air.
I'm still waiting for the budget to balance itself, like our idiot in Canada once said.
Ah, the grocery store margin “fallacy”. Grocery stores turn their inventory over just about weekly. 2% x’s 52 equals….? If you have a deposit in the bank at 2%, you get that amount “yearly”. Don’t imply grocery stores are like banks. That being said, I don’t have a general problem with the video concept.
Things are going great, gettin' good grades, the future's so bright gotta print more cash!
Timbuktu
any store reserves the right to charge whatever they want for a good or a service, based on their economic situation.
*AND I THE CONSUMER* the *guy with the money* reserves the right to say "no sale" and go elsewhere or subusitute the product/service.
So.....charge what you want...I'll pay what i think is reasonable.
I dunno, watch Shark Tank a lot of these guys say they make something for $5 and sell it for $25. That's a pretty big margin.
Need to apply to that shipping/transportation costs, storage costs,sales labor, etc.
@@Lightning613 That $5 cost per unit includes all that.
@@RPSchonherr Shark tank is a reality show and not a great place to learn economics let alone make business deals. Best to keep that in mind.
👍🏻😎🇺🇸
Bill Whittle, did you watch the spacex starship 3 launch?
The average person has a much better understanding of economics than anyone gives them credit for. It's called robbing Peter to pay Paul - and it is unethical and immoral if not downright illegal. This is the pattern of corruption in govt, failing to fulfill their God given assignment Romans 13.3-4
🗽USA❤🤍💙
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How are you. You have stolen my dreams. I want $20 an hour.
YEA. IF YOU CAN'T SEE
THE 🖤JUST FOR YOU 🖤APP.
IS YES!! NO WAY IN HELL ITS NOT A RIP-OFF 🖤 STUPID!!!!