Corporate Profits

Biden to form ‘strike force’ to go after price-gouging

As someone who has felt the pinch of rising prices, the news of Biden forming a ‘strike force’ to tackle price-gouging is a welcome relief. The fact that gas companies were raking in record profits while consumers were paying through the nose for fuel is simply unacceptable. It’s time someone stepped in to address these disparities and hold companies accountable for their actions.

One key point that resonates with me is the suggestion to check corporate profit margins and prioritize those companies that have seen significant increases without any tangible improvements in their products or processes. This targeted approach could help rein in those who are taking advantage of consumers and engaging in unethical practices to boost their bottom line.… Continue reading

Corporate greed increasingly seen as ‘major cause’ of inflation: Poll

Corporate greed is a term that is increasingly being recognized as a major cause of inflation, and it’s about time. The fact that 53% of the inflation was due to COVID-19 price-gouging is not surprising, considering the record-breaking profits that corporations have been boasting about. The stock market reaching all-time highs, while every good and service has increased in price, is a clear indicator that something is amiss.

As someone who works for a telecommunications company, I can firsthand witness the economic adjustment charges that are being added to customers’ bills, despite the fact that these have nothing to do with inflation.… Continue reading