Greed in the Midst of Economic Crisis!
Michael Robinson, M.S.
AWARD WINNING EXECUTIVE! Top 5% Most Viewed LinkedIn Profile in America, 2012. My super-power is helping professionals realize their full potential via transformational career development presentations! ΚΑΨ????
Hmmm. The pandemic has contributed to inflation. We hear this all the time. And as a result of inflation, major employers are making millions and billions in profits - making the super rich - - richer!
According to the Wall Street Journal, "Revenues, profit margins have surpassed late-2019 levels for most public companies; bigger firms have fared better than smaller ones." Companies are raking in huge profits at a time when the American public is being financially crushed by incredible price hikes for in-demand products and services.
Higher inflationary prices are killing the middle class and low income Americans.
Companies quickly blame their incredible price hikes on slow supply chain issues. I'm no dummy, but if I were to artifically cause a greater supply chain crisis by employing shady tactics like lessening the manpower needed at border check points and cargo ports, I can justify hiking prices through the roof. Artifically induced slow downs and longer check points allow greedy corporate barons to charge more for goods and services, resulting in record profits for super-rich stakeholders. All earned off the backs of hardworking Americans.
People on social media are accusing Republican Governor Greg Abbott of Texas of such shady tactics of slowing down checkpoint deliveries from Mexico into Texas. And the Wall Street Journal very recently reported on a Congressional House panel that accused major oil company executives of "taking advantage of a global crisis to (price) gouge consumers."
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So many shady political leaders are bought and sold by their greed driven corporate contributors!
Folks, voting is important! I don't know about you, but I'm tired of the political shenanigans, ineptitude, greed, hatemongering and underhanded dealings of many repugnant political leaders. It's time to send the repugnant political leaders packing! #VOTE!
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ABOUT THE AUTHOR:
Rev. Michael Robinson, M.S. is an award winning corporate leader, an award winning college administrator, and an award winning community leader. He is a journalist with the Pennsylvania NewsMedia Association.