flexghost.Jan 17, 2023

Why is the prevailing story in the media “the price of eggs is high” and not “record windfall profits from food and oil companies” ??

America’s largest egg producer Cal-Maine reported a record quarterly profit of $198 million

Anti-poverty charity Oxfam is calling for governments to impose windfall taxes on large food companies

THAT’S the story.

Show threadQuest
@flexghost
I know things are screwed up right now with inflation and pricing but I'd like to play devils advocate for a second and point out that record profits could just be a function of higher prices. If your margin is 10% and eggs went from $2/dozen to $6/dozen your profit will be higher on the same volume or about the same on 1/3 the volume. While greed is probably a major factor in our inflationary issues it is also the reason we get click-bait news titles that stir emotions w/o analysis.
Jan 17, 2023 at 5:17pmWeb
Show threadflexghost.Jan 17, 2023

@quest imagine having the most unsupported random “but I feel this way” take and posting it in my comments for all to see

🥇

Show threadQuestJan 18, 2023
@flexghost
Thanks for the reward!