Kamala, and these who surround her and support her claim that that gross profit margins are up among food producers and retailers and that is proof that they are gouging consumers.
That is BS or pure stupidity. You can tell they never ran a business.
Kamala says she is going to focus like a laser beam on grocery stores who are guilty of "price gauging" as she, sic, put it.
These people get so aggravated if someone pronounces her name wrong but she can't even read a teleprompter and pronounce "gouging" correctly.
- salaries
- payroll taxes
- health insurance
- liability insurance
- delivery costs
- property taxes
- equipment repairs and maintenance
- building repairs
- supplies
- utilities
- building insurance
Supposedly real wages are rising faster than inflation and Democrats want that so they would have to raise gross margins to cover that. They also want to raise minimum wages and always demand more benefits. How would Kroger cover that without raising prices since their margin is so thin? Think of how many more employees would have to be added to the government and to businesses if they had to comply with these additional regulations.
Think about how much prices would have to go up if the Democrats get their way with their radical green policies.
Democrats also want to raise corporate taxes and taxes on capital gains and dividends which are already double taxed. The only way to maintain a 2% profit margin is to raise prices further and that exacerbateses inflation. Nothing the Democrats have proposed would reduce inflation.
Trump has the solutions. More capitalism, smaller government, fewer regulations, lower taxes, and more reasonably priced energy.
Grocery stores are not gouging. Democrats are trying to divert blame for high prices from themselves.
It is a true shame that the media doesn't show a graph of what grocery store margins are instead of campaigning for these people whose goal is to make the government more powerful and to make more people dependent on the government for their survival.
Kamala says her policies are about creating opportunities. The only opportunity is to create more government bureaucrats.
They are intent on remaking (destroying) the greatest country that ever existed.
Jack Hellner is a certified public accountant.
Image: PxHere // CC0 public domain