Half of recent US inflation due to high corporate profits, report finds https://t.co/P3AwbspTnf
— Guardian news (@guardiannews) January 19, 2024
Research by economist Michael Havlin shows the profit margin on gasoline is about 77% higher than in May 2019, the first month for which government data is available. Compared with February 2020, gasoline margins are 62% higher. https://t.co/7aRSLJCgVa pic.twitter.com/6ipKXG9Jgq
— Yahoo Finance (@YahooFinance) August 5, 2023
The price of Heinz Ketchup rose 28% in the past year, according to Datasembly, which tracks grocery prices.
— More Perfect Union (@MorePerfectUS) May 30, 2023
Meanwhile, during the same period, the price that Kraft-Heinz and other manufacturers pay for tomatoes is…down 46%.
Again, corporate profits are driving inflation. pic.twitter.com/Xbnib2llsU
"Once dismissed as a fringe theory, the idea that corporate thirst for profits drives up inflation, aka "greedflation," is now being taken more seriously by economists, policymakers and the business press."https://t.co/TPXOwM50oJ
— Ben Wikler (@benwikler) May 22, 2023
New analysis from the ECB shows what we already knew: big, price-gouging corporations are driving lingering inflation. Imposing more rate hikes on hard working Americans isn’t the solution to rising prices; cracking down on corporate profiteers is.https://t.co/LTlEMP7trb
— Sheldon Whitehouse (@SenWhitehouse) May 3, 2023
Remember when Warren, Sanders & others started talking about corporate greed fuelling inflation & centrists (including some Democrats) pushed back? https://t.co/WlZUSsyyrV
— Jeet Heer (@HeerJeet) May 2, 2023
life moves pretty fast pic.twitter.com/ZgdjtUxlcc
— David Sirota (@davidsirota) May 2, 2023
Sad! 