this post was submitted on 15 Sep 2023
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[–] [email protected] 0 points 1 year ago (1 children)

I’ll admit I’m a high income earner. I’ve never had to watch watch what I spend but recently even I’ve noticed increases in everything.

Groceries have doubled from what I paid in 2019. I buy almost the same thing every week and I compared.

Dining out has become much more expensive. Places I used to consider a good value are now expensive.

I ordered a basic meal the other day at a local place. A cheeseburger. Fries. Drink and my friend had a salad. It was almost 59 dollars. Six months ago it was around 30 dollars.

So now I have to watch my spending as everything has increased

[–] [email protected] 0 points 1 year ago (1 children)

Dining out is CRAZY now.

My wife and I were out and about last weekend and needed to eat so we hit a Burger King.

Meals for 2, nothing crazy, was $30... at freaking BURGER KING. We don't even have a sales tax here.

[–] [email protected] 0 points 1 year ago (1 children)

Workers wanted an increase in pay, so shareholders needed to offset that by even more. Workers can't get a raise without shareholders getting a raise.

Inflation is majority driven by profit, not wages. Dems barely attack that angle. Republicans actively work against it.

[–] [email protected] 0 points 1 year ago (1 children)

Shareholders don’t need to offset shit. They’re just greedy rent seeking bastards.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Shareholders provide economic value (it's literally in the name) and are not rent-seeking by definition

[–] [email protected] 0 points 1 year ago (1 children)
[–] [email protected] 0 points 1 year ago* (last edited 1 year ago) (1 children)

Shareholders are key investors and are the principal drivers of M&A and infrastructure investment.

Disagreeing with the idea that companies exist to drive shareholder returns does not change the actual purpose of shareholders, nor suddenly cause them to be rent-seekers.

[–] [email protected] 0 points 1 year ago (1 children)

You brought an economics argument to a rage thread. OP isn't making a technical claim when they say "rent seeking behavior", they're angry and using it as a synonym for "greedy people".

[–] [email protected] 0 points 1 year ago

I don't tilt at these windmills for the people arguing nonsense, but for people scrolling by.