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Is the prevalence of people receiving government assistance raising the prices on goods?
Posted on 12/18/17 at 11:52 am
Posted on 12/18/17 at 11:52 am
More people are receiving government benefits now than ever before. I believe that companies look at large scale data and metrics to determine what the 'average' government assistance recipient receives in benefits each month, and also conducts large scale studies on what these same recipients purchase.
Based on how much is used/left over, I believe that they've adjusted prices accordingly so they can squeeze every drop out of the gub'ment tit. There's no benefit to them leaving money on those EBT cards, and companies like WalMart absolutely have the money and resources to conduct such large scale studies.
Meanwhile, Johnny taxpayer gets screwed from both ends. Gotta pay taxes for services we'll never see or receive and then turn around and pay for inflation.
Yes i'm mad. Fight me.
Based on how much is used/left over, I believe that they've adjusted prices accordingly so they can squeeze every drop out of the gub'ment tit. There's no benefit to them leaving money on those EBT cards, and companies like WalMart absolutely have the money and resources to conduct such large scale studies.
Meanwhile, Johnny taxpayer gets screwed from both ends. Gotta pay taxes for services we'll never see or receive and then turn around and pay for inflation.
Yes i'm mad. Fight me.
This post was edited on 12/18/17 at 11:53 am
Posted on 12/18/17 at 11:55 am to TDcline
If EBT were cut would unemployment go down or crime rise?
We pay the poors not to commit crime essentially
We pay the poors not to commit crime essentially
Posted on 12/18/17 at 11:56 am to TDcline
yes. It is basic economics. When the government starts buying more of something the prices go up. Health Care, College, Food and on and on.
ETA: This is most painful for the middle class. The rich don't care because these things are nothing to them. The poor get it for free.
ETA: This is most painful for the middle class. The rich don't care because these things are nothing to them. The poor get it for free.
This post was edited on 12/18/17 at 12:00 pm
Posted on 12/18/17 at 11:56 am to TDcline
You know places like Target and Walmarks have a bean counter keeping track of what percentage of certain products are bought with assistance money as opposed to cash. I'd not have any problem believing they manipulate those prices. There's no regulation on that like there is on subsidized housing rent.
Posted on 12/18/17 at 11:59 am to TDcline
Interesting conspiracy theory.
Seriously, though, it would not surprise me. Nothing really surprises me in this world anymore.
Posted on 12/18/17 at 12:02 pm to TDcline
You also have to look at it as a means to stabilize prices for myriad consumer items. Pricing increases to non-EBT consumers would/could create an issue with their buying habits which in turn would cause demand to go down.
It's not all black and white.
Posted on 12/18/17 at 12:04 pm to TDcline
I think you'd need a much larger percentage of the population on the dole for it to affect pricing.
Health insurance has had this effect on costs of health care because insurance is so widespread now, and for a long time there's been no accountability in billing because they're ripping off an insurance company, not an individual.
If the same were attempted in grocery stores, a large enough percentage of people would avoid overpriced goods to show up as a decrease in demand, because EBT isn't as widespread.
Health insurance has had this effect on costs of health care because insurance is so widespread now, and for a long time there's been no accountability in billing because they're ripping off an insurance company, not an individual.
If the same were attempted in grocery stores, a large enough percentage of people would avoid overpriced goods to show up as a decrease in demand, because EBT isn't as widespread.
Posted on 12/18/17 at 12:06 pm to TDcline
I'm going to go with yes.
Look at university tuition. Government backed student loans allow for universities to basically charge whatever they want, because they know they'll get paid.
Look at university tuition. Government backed student loans allow for universities to basically charge whatever they want, because they know they'll get paid.
Posted on 12/18/17 at 12:07 pm to lsu13lsu
quote:
This is most painful for the middle class. The rich don't care because these things are nothing to them. The poor get it for free.
Very good point.
Posted on 12/18/17 at 12:08 pm to Sao
That’s a good and fair point but they’re being careful about it in my opinion. We’re not seeing astronomical jumps but just enough for people not to really notice (unless you pay attention)
1 additional penny on a bag of chips that sells a billion bags a year is an increase in profit and nobody is going to notice a little penny increase.
I think they’re looking at it from the perspective of squeezing every penny out of the government while also keeping the increases subtle enough that the people that actually pay for goods aren’t really noticing.
1 additional penny on a bag of chips that sells a billion bags a year is an increase in profit and nobody is going to notice a little penny increase.
I think they’re looking at it from the perspective of squeezing every penny out of the government while also keeping the increases subtle enough that the people that actually pay for goods aren’t really noticing.
Posted on 12/18/17 at 12:10 pm to YoungManOldMan
quote:
We pay the poors not to commit crime essentially
That's not working out very well.
Posted on 12/18/17 at 12:12 pm to TDcline
You are correct to be suspicious of Wal Mart in this area, but wrong in your specific assertion.
"Public assistance" is really corporate welfare. The poor people are nothing but a pass through. Wal Marts entire labor model is built around the fact that 90 percent of their in store employees are on one or more forms of public assistance.
"Public assistance" is really corporate welfare. The poor people are nothing but a pass through. Wal Marts entire labor model is built around the fact that 90 percent of their in store employees are on one or more forms of public assistance.
Posted on 12/18/17 at 12:15 pm to YoungManOldMan
quote:
We pay the poors not to commit crime essentially
Yet they still do at staggering levels
Posted on 12/18/17 at 12:18 pm to TDcline
The demand for said good will increase the price in relations to supply of that good.
Wal-Mart benefits greatly from EBT usage and so does other grocery chains, that's one of the reasons why their prices are so much lower than Publix or Whole Foods.
Wal-Mart has an interest in food assistance continuing because it helps their bottom line.
The true way to combat this would be to build up lower income communities through business investments in infrastructure. This will create sustainable jobs if the foundation of the capital venture is going to be natural resources. If you get a couple of small plants in those areas, demand will increase for other goods and services and growth will increase exponentially. Teach these communities to become self sufficient and slowly grow from there, kind of like the Amish.
In saying all that, major corporations have no interest in seeing people be self sufficient in any way. They want people to depend on them solely. They lobby to politicians to keep that way because any other way is a threat to their bottom line.
Wal-Mart benefits greatly from EBT usage and so does other grocery chains, that's one of the reasons why their prices are so much lower than Publix or Whole Foods.
Wal-Mart has an interest in food assistance continuing because it helps their bottom line.
The true way to combat this would be to build up lower income communities through business investments in infrastructure. This will create sustainable jobs if the foundation of the capital venture is going to be natural resources. If you get a couple of small plants in those areas, demand will increase for other goods and services and growth will increase exponentially. Teach these communities to become self sufficient and slowly grow from there, kind of like the Amish.
In saying all that, major corporations have no interest in seeing people be self sufficient in any way. They want people to depend on them solely. They lobby to politicians to keep that way because any other way is a threat to their bottom line.
Posted on 12/18/17 at 12:21 pm to YoungManOldMan
quote:
We pay the poors not to commit crime essentially
This is backwards. I'll bet if govt assistance dropped, you'd see a huge increase in personal responsibility.
Posted on 12/18/17 at 12:25 pm to jdeval1
quote:
Yet they still do at staggering levels
No.
Posted on 12/18/17 at 12:26 pm to YoungManOldMan
quote:
If EBT were cut would unemployment go down or crime rise? We pay the poors not to commit crime essentially
In the old days they called it tribute.
You’d pay the barbarians at the gate to not ransack your city.
The problem is that they breed and get fat off your tribute, and get greedy.
And so they demand more tribute. And more. And more.
Until one day the tribute isn’t enough. And so then they attack, with swollen numbers as a result of their breeding being subsidized by your tribute.
And there will be fire and blood on that day. Paying tribute is never a wise solution long term.
Posted on 12/18/17 at 12:42 pm to YoungManOldMan
quote:
If EBT were cut would unemployment go down or crime rise?
We pay the poors and they still want to commit crime essentially
there FIFY
Posted on 12/18/17 at 12:49 pm to TDcline
SIAP-
Food stamps are administered by the Department of Agriculture as a way to subsidize farms, with a side effect of helping poor people buy more food than they could otherwise afford.
This is not a conspiracy theory, it is plain fact.
Food stamps are administered by the Department of Agriculture as a way to subsidize farms, with a side effect of helping poor people buy more food than they could otherwise afford.
This is not a conspiracy theory, it is plain fact.
Posted on 12/18/17 at 12:49 pm to YoungManOldMan
quote:
If EBT were cut would unemployment go down or crime rise?
We pay the poors not to commit crime essentially
But yet crime still is out of control. I say cut EBT completely. Start shooting thieves. Crimes goes down by killing thugs. Less trashy humans so demand for goods goes down therefore prices go down. Win win for working folks.
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