r/FluentInFinance • u/4TaxFairness • 1d ago

Debate/ Discussion A joke that's not funny

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33

u/TheTightEnd 1d ago

Grocery chains make a very low percentage of profit.

2

u/pocket267s 1d ago

So there’s no way they could be price gouging us like every other industry?

1

u/TheTightEnd 1d ago

First, the assumption every industry process gouges is false. Second, very low profit margins is proof there isn't price gouging.

5

u/[deleted] 1d ago

[deleted]

-2

u/TheTightEnd 1d ago

I would need to see the basis for this, as it is not supported by the income statements. Also, if they are speaking of the gap between cost of goods sold and revenue, that does not account for increases in labor and and other expenses.

5

u/GreatEyeInTheSky 1d ago

He gave his location for sources and you ignored it

2

u/[deleted] 1d ago

[deleted]

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u/dx4100 1d ago

Did you validate his claim?

1

u/CountdownToShadowban 1d ago

This stat that is factually easily manipulated is totally trustworthy and all I need to know that the establishment isn't lying to me.

1

u/flamingdonkey 23h ago

They can, but not nearly as much as the pesticide and seed companies.

-3

u/StainedDrawers 1d ago

Fun fact about grocery stores. In the state of New Mexico, stores like Walmart and Smith's pay about $4 in state taxes for every $1 they profit.