FAUXCAHONTAS ON WARPATH - SQUAW BLAMES CORPORATE GREED FOR HEAP BIG FOOD PRICES
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FAUXCAHONTAS ON WARPATH - SQUAW BLAMES CORPORATE GREED FOR HEAP BIG FOOD PRICES
As I have previously pointed out Kroger Foods (one of the largest supermarket chains in the US) currently has a profit margin of 0.86%. That is, they make less than 1% profit on their gross sales. How much lower should they go in Warren's opinion?
Sorry. I looked up Kroger's current margin. It's down to 0.75% at the moment...
https://www.macrotrends.net/stocks/c...Other%20Stocks
So, the phony Indian princess is full of shit.
Callinectes (01-13-2022)
Last edited by LV426; 01-12-2022 at 02:26 PM.
When I die, turn me into a brick and use me to cave in the skull of a fascist
Because that's irrelevant to the discussion. If a company's gross revenue is say $100 billion and the profit on that after paying the bills is $1 billion, that company isn't making some "obscene" profit off of its business.
These are companies that have obscene profit margins. Maybe Warren should be bitching about them, but she probably won't because they probably give her big campaign donations...
https://www.investors.com/research/p...more%20rows%20
Wrong. It's completely relevant because Warren is talking about taxing profits, not taxing revenues or margins.
You shifted away from what Warren was talking about because Kroger makes $2B in profit a year, and you can't let other people know that because then it undermines your weak argument.
I see right through this act.
$1B in profit is obscene...and they make double that.If a company's gross revenue is say $100 billion and the profit on that after paying the bills is $1 billion, that company isn't making some "obscene" profit off of its business.
Oh woe the CEO whose company only made $2B last year.hese are companies that have obscene profit margins.
How's that boot taste?
When I die, turn me into a brick and use me to cave in the skull of a fascist
She's an idiot. You are an idiot. The US government spends a billion dollars about every two and a half hours. That's obscene. That Warren wants to confiscate the profits of a corporation that's barely making a return on what they sell is obscene. Even if she confiscated their entire profits, barely funds the government's fraud, waste, and abuse for 5 hours...
Sailor (01-12-2022)
So she would tax profits AFTER taxing revenue? Let’s look at this and see if I’m on the same page.Wrong. It's completely relevant because Warren is talking about taxing profits, not taxing revenues or margins.
Revenue(defined as total income from a particular source)is taxed at a corporate rate after all deductible expenses.
What’s left after that is “profit”, right? Where do you think that profit goes? Well, yes, it gets divided up between the owners(aka the board members AND the stock holders)
After it’s divided up, it becomes “revenue” for those people and is taxed as income for them. So you think the government should add ANOTHER layer of taxation to that? In other words, tax the total revenue of the corporation, then tax the profit that’s left after the corporate tax is paid, distribute what’s left of that to the board of directors and the stockholders, which will in turn be taxed as income for them. Do i have the picture now?
Did you know that warren still wants a wealth tax? Yeah, that means that these ultra millionaires would pay an additional tax on their accumulated wealth every year. THAT MEANS A TAX ON CASH AND ASSETS THAT HAVE ALREADY BEEN TAXED YEARS BEFORE AS INCOME!
When does it end with you vultures?
You and your ignorant ilk are not the arbiters of obscenity in fiduciary matters. You can’t make decisions because you have no understanding of finance and I suspect that you hate money in general or maybe just the people that have it.$1B in profit is obscene...and they make double that.
“The Communist party must control the guns.”
― Mao Tse-tung
“Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin
“Everything under heaven is in utter choas; the situation is excellent.”
― mao tse-tung
They have already priced mom and pop out YEARS AGO, where the fuck have you been this century??????
BTW - mom and pop make maybe $100K a year in profit...in fact, that's the average profit for a small business...just $100,000.
So by all means, show us here how increasing Kroger's taxes would affect mom and pop, who haven't had a store in two decades.
When I die, turn me into a brick and use me to cave in the skull of a fascist
haha - there it is.
when we talk covid deaths, we always discuss in scale - deaths per thousand. just about everything we discuss is in this context
but not when it harms you, you would have us ignore scale. just look at this national company and the profits. ignore the margins - it is profits that matter.
once again, your are just a mouth breather hoping/preying to lobby for someone to give you another hand out by vilifying those who produce and contribute to society with very low margins
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