Someone wrote this on this comment section this morning:
"Capitalism is designed to maximize profits and, in fact, if you look at any quarterly report, as I have done recently since I own Exxon Mobil stock, corporate profits are at an all time high.
So, having looked at a quarterly report, and having seen all time high profits, a reasonabl…
Someone wrote this on this comment section this morning:
"Capitalism is designed to maximize profits and, in fact, if you look at any quarterly report, as I have done recently since I own Exxon Mobil stock, corporate profits are at an all time high.
So, having looked at a quarterly report, and having seen all time high profits, a reasonable question is: What fraction of inflation is associated with corporate profits or "Capitalism"??
Well, folks have sort of taken up that question and guess what? Surprise, it is not JOE BIDEN that has raised prices, because, he is as powerless to raise prices as the squirrel living in the tree in my backyard.
CORPORATIONS are raising prices! How could that be a surprise to the Republican Party who LOVES Capitalism??
Thanks Pensa, I just wrote down a story that happened to me this week in the context of my own reality. I own Exxon Mobil stock and it tanked during the pandemic when oil prices went negative.
Now? I do wish that Americans had planned better for the fact that oil is a finite resource. Like I have.
I do wish Americans were all driving small European size cars. Like I do.
I do wish Americans were responsible with oil as a natural resource to be shared with others on earth.
But, since they are not? I don't mind one bit the fact that my Mobil stock has risen by a factor of two in a year due to historically high profits.
Oh! It was you, Mike! I am sorry I did not attribute it on fox news postings. But your message got out there about 15 times till my stomach couldn't take it anymore.
The profits are incredible...glad someone good is making money from their coup.
Someone wrote this on this comment section this morning:
"Capitalism is designed to maximize profits and, in fact, if you look at any quarterly report, as I have done recently since I own Exxon Mobil stock, corporate profits are at an all time high.
So, having looked at a quarterly report, and having seen all time high profits, a reasonable question is: What fraction of inflation is associated with corporate profits or "Capitalism"??
Well, folks have sort of taken up that question and guess what? Surprise, it is not JOE BIDEN that has raised prices, because, he is as powerless to raise prices as the squirrel living in the tree in my backyard.
CORPORATIONS are raising prices! How could that be a surprise to the Republican Party who LOVES Capitalism??
https://www.npr.org/2022/05/10/1097820864/are-corporations-using-inflationary-times-to-raise-prices-and-up-their-profits
I mean, I have never seen so much irrational, illogical talk in my entire life.
First, Capitalism is good and Socialism is bad say the Republicans...all day every day on AM radio and Tucker Carlson and Fox News.
Then, those same Republicans say Joe Biden should bring down gas prices?? THAT is advocating for Socialism is it not?
Completely beyond irrational stuff."
And this, to me is Truth that needs to be spread all over faux news.
Thanks Pensa, I just wrote down a story that happened to me this week in the context of my own reality. I own Exxon Mobil stock and it tanked during the pandemic when oil prices went negative.
Now? I do wish that Americans had planned better for the fact that oil is a finite resource. Like I have.
I do wish Americans were all driving small European size cars. Like I do.
I do wish Americans were responsible with oil as a natural resource to be shared with others on earth.
But, since they are not? I don't mind one bit the fact that my Mobil stock has risen by a factor of two in a year due to historically high profits.
not a bit.
Oh! It was you, Mike! I am sorry I did not attribute it on fox news postings. But your message got out there about 15 times till my stomach couldn't take it anymore.
The profits are incredible...glad someone good is making money from their coup.
Pensa. No worries. Everything we write here is copyright free to all.