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this post was submitted on 15 Dec 2023
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Oh no, this is such a shock. No shit they were lying about inflation. Those bastards were reporting record highs while the average Joe was struggling to pay rent.
To be pedantic, a business that's keeping the same percentage margins will always post record profits in an inflationary economy.
To be pedantic, all other things being equal, like quantity sold. Riiiiiight?
The best kind of correct.
To be pedantic, profit is theft.
Do you have a job?
If so, do your expect your employer to pay you only the cost of your commute and nothing else?
Do you have a dictionary?
If so, why have you confused revenue with profit?
Profit is the stolen excess after all the shareholders, workers, suppliers and producers have been paid their fair share. If you want to argue that they aren't being paid a fair share then why is there a profit margin?
Revenue is income. Profit is income minus expenses. Without ANY profit there no motivation to operateva business.
Getting paid a multimillion dollar salary is 'not motivation' to run companies like Google and Sony? Huh, could have fooled me. You do know wages are expenses right? Including those of the owners and ceo's and board, right?
You're not so stupid as to not know what the definition of profit is in the dictionary, right? You can look it up instead of continuing to be wrong you know.
Let's say you have an idea for a product that will change the world, but you have no capability to produce it because you'd need access to hundreds of workers and billions' worth of machinery?
Even supposing you want to be paid nothing for your invention, how do you get it made?
You have to have someone else partner with you to do it. But why should they? If nobody is allowed to profit, then there's no business reason for an existing company to innovate or change.
Congratulations you didn't pick up the dictionary and you're still wrong.
What official dictionary says profit is theft?
Profit is money that is kept by shareholders. That money is effectively their wage. If you buy a portion of a company, you normally don't receive a wage.
Do you have a retirement or a savings account? Do you consider yourself a thief?
You really should pick up that dictionary before you continue being wrong about the definition of profit.
You can keep coming back and being wrong or you can actually read the definition.
All this? Wrong. You have no clue what the word profit means. And learn how dividends are paid. Open a dictionary for the love of knowledge. Stop being a willfully ignorant cuck to your own ego.
From the Oxford English Dictionary:
"A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something"
There's nothing about theft or any of the other nonsense you're talking about. And dividends, salaries, and stock trades are 3 very different ways of making money from a business.
Profit is income that is greater then expenses and is the property of the business and/or its stakeholders. Profit can be used to pay dividends, be reinvested in the company, can be used as collateral, or added to the value of a company (sometimes represented through increased stock values).
You didn't copy the whole definition. You need to know the whole thing to know the whole thing.
Here try a real dictionary:
https://dictionary.cambridge.org/dictionary/english/profit