• notannpc@lemmy.world
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    11 months ago

    Literally anyone with a functioning brain already knew this. And yet, there will be no penalty for this bullshit.

    • spaduf@slrpnk.netOP
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      11 months ago

      Eh with how this conversation has been evolving lately I’d say this is the worst time to be pessimistic. Is a good time to be loud and angry about it tho

  • DebatableRaccoon@lemmy.ca
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    11 months ago

    Oh no, this is such a shock. No shit they were lying about inflation. Those bastards were reporting record highs while the average Joe was struggling to pay rent.

      • SoleInvictus@lemmy.world
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        11 months ago

        I’m biased because I’m a scientist, but verifying observations and assumptions through empirical methods is typically a good thing. A lot of people believe “common sense” things that are completely wrong, e.g., that lightning never strikes twice, evolution has some sort of goal in mind, to never go to bed angry, etc.

    • AlfredEinstein@lemmy.world
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      11 months ago

      The egg producers already have.

      The “bird flu” was nowhere significant enough to cause the price spike on its own. It was an attempt to determine “what the market will allow”. And it turns out people can do without eggs quite comfortably.

    • Muffi@programming.dev
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      11 months ago

      They will tell you it’s because of the increase in wages, and then refuse to believe the data when you show them that wages have stagnated.

  • Im14abeer@midwest.social
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    11 months ago

    So you’re telling me it doesn’t cost twice as much to make and ship charcoal. It doesn’t cost three times as much to grow a head of lettuce? Those sneaky snooks who make house paint have some 'splaining to do too.

  • ForestOrca@kbin.social
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    11 months ago

    The beginnings of a list:
    “The biggest perpetrators were energy companies like Shell, Exxon Mobil, and Chevron, which were able to enjoy massive profits last year”
    If you can find any way to go electric, use petrol less, ride a bike, walk, use a train, avoid a plane, etc, go for it. Prolly the petrol corps won’t notice your individual actions, but the carbon you’ll keep out of the atmosphere might just help to keep our planet’s ecosphere viable.

    The Study itself: INFLATION, PROFITS AND MARKET POWER TOWARDS A NEW RESEARCH AND POLICY AGENDA - https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf - Jeebus, 32 pages!

    • mechoman444@lemmy.world
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      11 months ago

      I drive electric and in my home state of Georgia, USA they have an ad valorem tax of 239 dollars or there abouts for people that drive Evs and plug in hybrids.

      My theory is that they’re missing out on the taxes I would normally pay if I bought gas and need to recoup their losses.

      • NABDad@lemmy.world
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        11 months ago

        My theory is that they’re missing out on the taxes I would normally pay if I bought gas and need to recoup their losses.

        I don’t think you need to refer to that as a theory. Taxes on fuel for motor vehicles go towards road maintenance. Vehicles that drive on the roads but don’t burn gas or diesel, don’t pay their share of the road maintenance costs. That’s why states want to tax EVs.

      • this@sh.itjust.works
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        11 months ago

        I used to live in Texas and they did the same shit there. Tax EVs more because their owners weren’t “paying their fair share on the highway tax”

  • Th4tGuyII@kbin.social
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    11 months ago

    In a market that expects infinite growth in a finite reality, I can assure you that I’m not the least bit surprised that companies are using “inflation” as an excuse to gouge their customers for what increasingly little they have

    • Damage@slrpnk.net
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      11 months ago

      Sorry, ReplayWeb.page won’t work in this browser as Service Workers are not supported. Please try a different browser. (Service Workers are disabled in Firefox in Private Mode. If Using Private Mode in Firefox, try regular mode)

  • PhlubbaDubba@lemm.ee
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    11 months ago

    The Nordics I think figured out a solution to this,

    You might be familiar with all the classic arguments decrying rent controls for causing supply shortages as people refuse to give up their RCd housing,

    Well up in northern Europe they don’t have rent control, they have rent hike control, basically you can only raise rent by a given percentage at most per year, in the US, we could tie that percentage cap to the percent change change in federal interest rates, pass some of that market rally back to the consumers since a rate drop leads to a mandatory profit margin drop to match.

      • PhlubbaDubba@lemm.ee
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        11 months ago

        That actually didn’t help much of anything

        Catharsis may feel nice but prioritizing feeling validated over addressing the problems you want to feel so valid about just leaves you feeling valid about a still festering wound.

          • DebatableRaccoon@lemmy.ca
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            11 months ago

            I believe that would be called “redistributing the wealth” given how many stupidly wealthy people claim they couldn’t live on any less.

          • PhlubbaDubba@lemm.ee
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            11 months ago

            An environment that allows the indiscriminate murder of an entire class is one that is inherently too lawless to organize systemic improvements to the root causes of institutional problems.

            Like I said Catharsis feels nice but helps nothing.

    • sangriaferret@sh.itjust.works
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      11 months ago

      This exists in a few places in the US under the term “rent stabilization” but it is not tied to interest rates or inflation and exactly who qualifies gets a little murky. Considering that housing is a basic human necessity I think some form of rent stabilization should exist everywhere. Market forces have their place but they are often disadvantageous to lower incomes and should be curtailed when we’re talking something that people can’t do without.

      • PhlubbaDubba@lemm.ee
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        11 months ago

        Well see that’s why I tied it to be directly related to the federal interest rate, as a balance to create class interests for both courses of action.

        Basically it’d be a way to ensure the fed doesn’t get pressured too much to pursue bad interest rate policy like never raising it over 20 years until it’s too late and everyone’s mad about it.