• 0 Posts
  • 13 Comments
Joined 1 year ago
cake
Cake day: June 11th, 2023

help-circle




  • This article is pussyfooting the issue. Oil companies have reported record profits for 2-3 years in a row. The article claims “greedflation doesn’t have an exact science” while also quoting the same thing “… reap ‘excess profits’, setting prices higher than would be socially and economically beneficial”.

    i can’t say I speak for others, but I was accepting of a year or two of companies “making up” for the hit they took during the height of the pandemic, but governments need to put them back into place and regulate their latest exploits. Enough has now been enough.

    wherever governments are going to support the freedom for companies to make money at the cost of many thousands of people even being able to afford necessities. Either there needs to be a limit their profits to benefit all, or we need to restructure to tax those earnings to provide a UBI that provides all necessities.



  • This, along with keeping in perspective that troll farms exist and operate on social media because more interactions mean more usage, and more usage means more value to the platform because these numbers prove people are using it. So the trolls causing friction make the platform owners richer, the trolls try to go viral on bad takes (for clout or other direct financial gain by ‘influencing’), and this is how and why there seems to be so many people seeming to be ‘extreme’ (while some certainly are, others are emboldened and just follow their lead when it seems that there’s no negative consequence). End of the day, if someone’s trying to get your goat, don’t let them buy it with bullshit.



  • Not OP, but the normalization of something necessary requiring to borrow a lump sum and take 20-30+ years to pay off plus interest. Even the valuation of homes is ridiculous in itself, since those numbers are somewhat based on subjective values or “how much can I get away with charging?”. Sure, you have a baseline of materials and labor but the subjective part is just what’s around that property. Even if you lived in a shed and someone builds a mansion next door, now your value magically goes up? It’s a gimmick that only further drives inflation with fluff being added to demand. The shift of practically all US housing markets from the pandemic (people changing employment, vacancies created from those who died) went into a boom because companies or those with extra money started buying the excess supply so fast that it inflated demand. I’ll stop ranting but I think it’s all ridiculous and unsustainable and would like to mention that renting is just a subscription of residence.