Where exactly does all the inflation money go?

[Anonymous]

Anonymous wrote:Corporate profits, duh. It’s price gouging.

This

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Corporations are doing stock buy backs and paying their CEOs multi millions. Meanwhile, the workers themselves aren't doing as well

The largest egg company in America? Gas companies? Banks? And many more, all reporting record profits.

YET there is an "egg shortage". At Whole Foods there was a sign saying you could only buy 2 packs because of a nation wide egg shortage.

The egg shortage is bc of an avian flu virus requiring culling of large numbers of chickens. The price of beef is up for a different reason which is that there are fewer and fewer beef farmers raising cattle.

No.

From Robert Reich, Labor Secretary under Clinton, on Instagram (@RBReich):

Egg prices are up 60%. That's absurd. People are paying upwards of $6 and $7 for a dozen eggs.

Why? Corporate Greed.

Cal-Maine, the largest egg producer in the US, is raking record profits -- $198 million in its latest quarter.

That's a 65% increase from a year ago.

Corporate greed is behind the skyrocketing egg prices -- and the media will hardly talk about.

Reich always blames “corporate greed.” However, if Cal-Maine could make all this money now, suddenly, in 2023, why wouldn’t they have raised their prices earlier, say in 2022 or 2021? Even earlier? They could have been gouging us egg-eaters for years. Did they stupidly miss a chance for years of increased profit? Or, is it a tactical move? They knew that we would all be forced out of the egg market by the price hikes, so they wanted to wait for an optimum time…and 2023 is it! Or what. Just corporate greed?