2023 Corporate profits
- Thread starter jltrent
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M.Magis
Well-known member
Whoever made that loses all credibility right away by not understanding that "gross profit" is not the same as profit. Their last sentence pretty much solidifies they don't understand what they're trying to pretend they're experts in.
It also shows that a lot of the cause for the out-of-control inflation was corporate gouging.
Silver
Well-known member
#1 Apple Inc. (AAPL)
- Net Income (TTM): $94.76 billion
- Revenue (TTM): $383.93 billion
- Market Cap: $2.79 trillion
- 1-Year Trailing Total Return: 23.84%
- Exchange: NASDAQ
M.Magis
Well-known member
It doesn't actually show that at all. We would have to see true profits for many years, along with inputs broken down into categories, and retail prices they charged to find a pattern. There is no doubt that the statement is true, its just that this little meme doesn't provide anything to show it. Its simply made to get "likes" on facebook.
Seeing profits is far from the whole story. What is that as a return on investment? If we are going to label a certain amount of ROI it should apply to $1 and $1 trillion.
Plus, a lot of those companies are publicly traded companies so "corporate greed" extends down to all of us with 401K and pensions and all kind of other investments because we likely own shares in those and have benefited from that "greed".
Plus, a lot of those companies are publicly traded companies so "corporate greed" extends down to all of us with 401K and pensions and all kind of other investments because we likely own shares in those and have benefited from that "greed".
Named'em Tamed'em
Well-known member
Wow! My corporate profits are non existent for the last two years, CANCER SUCKS!! I was hoping to retire, now I'm trying to make it up with this crazy inflation and fuel prices. I'll get it done it might just take a bit longer at least I'm alive to try!!
Al Gore was on Apple's board of directors until recently. Looks like his knowledge of climate was important to them. Only shareholder vote I ever cast was against that turd ball
Named'em Tamed'em
Well-known member
Butt he invented the internet, he's a champ.
greybeard
Well-known member
You would have to look at each corp's annual report to find out what their true 'profit' was. (for any that are publicly traded)
Mrcopier
Well-known member
Jamie Dimon head of JP Morgan made 34 million last year including bonuses. Just shy of 3 million a month. Not sure his personal overhead. I'm betting he does OK
greybeard
Well-known member
He probably won't be settling for corriente cattle..
We're all capitalists till we have to pay more. Then we're socialists. I say we get the government involved to regulate them - oh wait - we're against that. We could tax those profits - oh wait….. oh well - let's just complain about how much they make 
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jltrent
Well-known member
If this price gouging, corporate gouging keeps on we will be like what the Chinese are going through now, deflation for lack of demand for overpriced goods. The farmers as usual will face the brunt of it, caught in the middle, have very little control over pricing and did nothing wrong. We need a happy medium.
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SmokinM
Well-known member
Notice only about 4 companies on that list deal in what would be described as necessary goods. They profit off luxury and for a lot of those companies that is global income that is taxed here in the US as they are US based unless I am missing something. Same people that bitch about Starbucks coffee not giving employees a raise are the same ones that don't or minimum tip EVERY morning when they stop for their $8-$12 latte. Just saying, it is a capatalist economy just like it is a democracy, we are to blame for that which we complain about most. Same goes for bitching about your spouse.
greybeard
Well-known member
I wonder just how many here, when they take their calves to sale, jump up in the middle of the auctioneer's song when their calves come thru the ring, and screamWe're all capitalists till we have to pay more. Then we're socialists. I say we get the government involved to regulate them - oh wait - we're against that. We could tax those profits - oh wait….. oh well - let's just complain about how much they make
"Stop Stop!! Stop bidding, $1.32 is plenty of money for me!"
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jltrent
Well-known member
Some of these high maintenance spouses' (women or men) inflations doesn't bother them as long as the plastic last. I didn't get paid much but working in a bank for a few years was a good experience, dang you just can't makeup some of the stories. Thank goodness mine is not like that.
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Caustic Burno
Well-known member
What about Walmart China's distribution center.
Look at the cost of production for a company like Exxon and its profit comparison to Walmart.
They pay their employees a living wage along with manufacturing jobs bring money to a community.
Retail sucks it out.
