Quote:
Originally Posted by OrangeBlossomBaby
With very few exceptions, inflation has ALWAYS existed. There's only been a scant handful of years in the past 50 years, when the inflation rate was at a negative. Prices go up. That's just how society works. If you want to eliminate the chance of inflation, you'll need to switch to communism. I'm guessing no one here wants to do that.
Prices are currently up because companies know that you'll pay what they charge for what they're selling. They were up at a much higher rate in the past year because of supply chain issues, among other things. Most of those other things and the supply chain issues are resolved, or resolving. And so the rate has dropped back down.
If prices are still up, it's not because of inflation. It's because of greed. COSTS are down. That's why I can get my gallon of gas for $2.98, and why people getting gas on 466 are paying $3.39.
Oh and to whoever was all upset about it being $3.49 - I was just there today, it's $3.39 at the Circle K by Southern Trace. If you have their payment card thing, it's $3.29.
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So wrong!!! Prices are determined by supply and demand, quality over cheap stuff, and what it takes to build this widget over another widget. Why is a Gucci purse 100x more expensive than a Kohls purse? Is it greed? How about the price of a Porsche vs a Toyota Corolla, greed again? Rolex vs times?
If the WH puts far more restrictions on drilling oil, or opec decides to cut oil drilling by millions of barrels of oil (and since we are not a oil drilling powerhouse anymore) then gas will go up.
I have seen companies set their widgets at very high costs because of r&d costs or material costs and the companies went out of business because people didn’t want to buy that widget for that price. This is why the WH is putting all the restrictions ions on drilling oil so it becomes more expensive so it forces their agenda of purchasing more ev’s.
1 more thing, when you want to pay burger flippers $20 hr, the companies will have to raise their costs. So when 1 company raises costs, costs will rise on down the line. This has added greatly to the economic conditions here. What do people think when everybody gets a 50% raise, in the long run, that same burger flippers will only be able to purchase items just like he did when making $8 hr.
Capitalism works and eventually will even everything out. You have a superior product that people want/ need, then they will pay the price. If you are overpriced and you are not a monopoly, you will have to cut prices or go out of business.