Oh! I took it as a serious remark about whining about hungry people pilfering while engaging in wage theft, price gouging, and exploitation of food producers.
Making record profits doesn’t magically make it okay to steal from you. It’s perfectly valid to complain if someone does. This is pretty obvious stuff.
Can you describe a plausible scenario in which Tesco lies about its profit margin to make it look smaller than it is, bearing in mind the people who matter to Tesco (its shareholders) want its profit margin to be as high as possible?
If you want to pretend that capitalism is all on the up and up and that the systems we used to keep it in check are not all rotting away at their cores while MBAs figure out new and creative ways to hide money in comp packages, stock buybacks, and other bullshit accounting tactics, that is your right. But I’m not hopping on board with you.
No, I do not want to do that. Never have, never have said anything remotely like that. You should ask yourself why you drew that conclusion.
From this conversation I am led to believe that you don’t know of any realistic way that Tesco could substantially manipulate their profit margin without a high risk of discovery and punishment for tax fraud, nor any reason why, if they in fact could do so, they would be manipulating it to make it appear smaller than it is, rather than larger.
You can only complain about being stolen from if you didn’t make record profits.
Have you never met a MAGAt? They can (and WILL) complain about anything and everything, and completely shout down any evidence of their deceptiveness.
Not sure what that has to do with my comment though
Who’s running these companies? Who are those companies’ major shareholders?
Again, not really responsive to my comment.
Im pretty sure you were talking about them not having a legitimate cause for complaint, since they made record profits.
And then WhoIzDiz is saying they complain without a legitimate reason about lots of things.
Not really disagreeing with your point.
Unless you mean you disagree that most of the corporate grocery chins are run by Republicans.
I was sarcastically pointing out that having records profits doesn’t mean you aren’t allowed to complain about theft.
Oh! I took it as a serious remark about whining about hungry people pilfering while engaging in wage theft, price gouging, and exploitation of food producers.
Apparently all that subtext isn’t obvious to everyone…
Making record profits doesn’t magically make it okay to steal from you. It’s perfectly valid to complain if someone does. This is pretty obvious stuff.
In my country, supermarkets typically make about 2-4% profit, and were marking 4-6% 10 years ago. So I guess they can complain…
Yup, those are the rules.
How often does Winnie the Pooh stop by your place? Cuz it sounds to me like you live in Fantasyland.
See page 5. Tesco is generally the most profitable supermarket in my country.
So those are the facts here in Fantasyland, what have you got?
Read this document by tesco to know the absolute truth about tesco. As if all the creative accounting didn’t happen prior to that disclosure.
Do you know what an audit is?
Can you describe a plausible scenario in which Tesco lies about its profit margin to make it look smaller than it is, bearing in mind the people who matter to Tesco (its shareholders) want its profit margin to be as high as possible?
If you want to pretend that capitalism is all on the up and up and that the systems we used to keep it in check are not all rotting away at their cores while MBAs figure out new and creative ways to hide money in comp packages, stock buybacks, and other bullshit accounting tactics, that is your right. But I’m not hopping on board with you.
No, I do not want to do that. Never have, never have said anything remotely like that. You should ask yourself why you drew that conclusion.
From this conversation I am led to believe that you don’t know of any realistic way that Tesco could substantially manipulate their profit margin without a high risk of discovery and punishment for tax fraud, nor any reason why, if they in fact could do so, they would be manipulating it to make it appear smaller than it is, rather than larger.
Thanks for your time.