Remember the line from "Wall Street?"

[Septua]

"Greed, for the lack of a better word, is good."

Some US companies are cashing in on inflation. Raising prices simply because they can when their profits were improving without price increases.

In earnings calls, executives detailed how even as demand and profits rose post-vaccine, they passed on most or all inflationary costs to customers via price increases, and some took the opportunity to add more on top. Margins – the share of sales converted into profits – also improved for the majority of the companies analyzed by the Guardian.

Economists who reviewed the data say it’s more evidence of a clear reality: Consumers are taking a financial hit as companies and shareholders profit or are largely shielded.

“It’s obvious that corporations are trying to pass on any form of short-term pain they might be feeling … and that’s serving the top, wealthiest class instead of those in need of fair wages or products that are affordable,” said Krista Brown, a policy analyst with the American Economic Liberties Project.

https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits

[WarGamer]

1. I guess Mr Apple and Mr Google are making bank...

Oh no... wait. There IS NO Mar Apple or Google. There are billions of SHARES that affect the lives of millions of people.

90%+ of stock market gains help people with 401k's, IRA's, State pensions and such things through investments.

Ask the State of California what THEY do when the stock market has a shitty year... hint: they draw billions from the General Fund to transfer to CALPRS/CALSTRS, the retirement fund for school teachers, cops and fire fighters among others.

Have money in mutual funds? Thank Vanguard or Schwab for their "greedy" Fund Managers and the "greedy" companies they own.

[questionseverything]

2. So 56% of the population own these stocks and raise prices of goods and services

They are already making money on to screw over the other 44%

[Caliman73]

3. Still rigged to the top.

The richest 1% of Americans own almost 54% of all the stock.

Certainly when the market does well, 401ks and mutual funds do well, but the reality is that the MAJORITY of the gains in the stock market go to the wealthiest people.

The wealth of the average American has risen 0% since 2007.

[WarGamer]

5. Yeah the rich get richer. They need to be taxed.

But most everyone is affected by the stock market.

Like I said, if the market tanks, States might have to raise taxes to make up for the deficit or maybe cut benefits.

A strong stock market is a GOOD thing... just someone needs to stand up, politically and make the Billionaires subject to an annual Wealth Tax.

[ProudMNDemocrat]

4. The Gordon Gekko of Economics it seems....

Actor Michael Douglas is no Republican that I am aware of.