- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I’m convinced Bernie Sanders does not grasp the idea of profit margins
Posted on 5/24/19 at 8:03 pm to FightnBobLafollette
Posted on 5/24/19 at 8:03 pm to FightnBobLafollette
quote:
Hypothetical melts really are the best melts.
Please give us more details about how editing a video is "doctoring" it.
1
Posted on 5/24/19 at 8:05 pm to NC_Tigah
quote:
Unless they write books
Not an investment.
Posted on 5/24/19 at 8:08 pm to HailHailtoMichigan!
The guy never had a real job in his life, how could he possibly understand this?
Posted on 5/24/19 at 8:21 pm to HailHailtoMichigan!
He knows what a profit margin is.
It what he makes off promoting his idea minus his cost.
The people following him are the ones being schooled by him.
It what he makes off promoting his idea minus his cost.
The people following him are the ones being schooled by him.
Posted on 5/24/19 at 8:27 pm to NC_Tigah
None of that shows he doesn’t understand profit.
Sorry.
Sorry.
Posted on 5/24/19 at 8:27 pm to Centinel
quote:
Please give us more details about how editing a video is "doctoring" it.
So spun out you can’t even post correctly.
Posted on 5/24/19 at 8:28 pm to FightnBobLafollette
quote:
None of that shows he doesn’t understand profit.
You're correct. It just shows he wants to benefit from it while making everyone else pay for his unicorn farts and pixie dust.
Posted on 5/24/19 at 8:28 pm to HailHailtoMichigan!
At least in theory McDonald’s, Walmart, etc, could get more sales if they raised their wages.
I’m met some people who claim not to shop at Walmart or eat at McDonald’s because of how low they pay employees. IDK if they’re telling the truth. But if there really are so many liberals who boycott those places, that probably does change the economic calculations of raising their wages a bit.
I’m met some people who claim not to shop at Walmart or eat at McDonald’s because of how low they pay employees. IDK if they’re telling the truth. But if there really are so many liberals who boycott those places, that probably does change the economic calculations of raising their wages a bit.
This post was edited on 5/24/19 at 8:35 pm
Posted on 5/24/19 at 8:28 pm to FightnBobLafollette
quote:
None of that shows he doesn’t understand profit.
He has no understanding of economics, period.
He's even a simpleton for a populist
Posted on 5/24/19 at 8:29 pm to HailHailtoMichigan!
quote:
He throws out all these huge profit numbers on twitter for Walmart, McDonald’s, etc and neglects to mention these are huge companies that employ millions.
Surely his followers understand how misleading he is.
Also, why does somebody who invests in a business not deserve some of the proceeds?
In Bernie’s world, investors shouldn’t have returns
What you’re describing is more like net profit than profit margin. Profit margins are typically before personnel expenses and such.
So to your point, his followers probably understand profit margins even less.
Posted on 5/24/19 at 8:29 pm to FightnBobLafollette
quote:
So spun out
Your lack of self awareness is staggering.
Posted on 5/24/19 at 8:30 pm to RogerTheShrubber
Well, you are responding to one of the biggest idiots on this forum. He's a tard here and cries like a little bitch on the OT all the time.
Posted on 5/24/19 at 8:39 pm to HailHailtoMichigan!
I wonder if someone like Bernie ever pitched socialist/progressive policies and ideas that weren’t just dumb recycled talking points from failed leftist experiments in the past, if he’d actually get somewhere.
Hate executives getting huge salaries and golden parachutes? Don’t just talk about “paying their fair share” nonsense about higher taxes and siphoning more money to the bottomless pit that is the federal tax revenue... how about suggesting that all executive level bonus structures have to be offered proportionally to all employees. A $40 million salary with a $100 million golden parachute if they are fired, and $10 million in stock options at the end of every year? Well if someone is making $40k a year, then they get $100k if fired and $10k in stock options.
Now. This suggestion is stupid and could never happen, but it’s likely to garner support from normal people that aren’t bitter towards rich people and think the federal government holding back rich people doesn’t get them anywhere.
Hate executives getting huge salaries and golden parachutes? Don’t just talk about “paying their fair share” nonsense about higher taxes and siphoning more money to the bottomless pit that is the federal tax revenue... how about suggesting that all executive level bonus structures have to be offered proportionally to all employees. A $40 million salary with a $100 million golden parachute if they are fired, and $10 million in stock options at the end of every year? Well if someone is making $40k a year, then they get $100k if fired and $10k in stock options.
Now. This suggestion is stupid and could never happen, but it’s likely to garner support from normal people that aren’t bitter towards rich people and think the federal government holding back rich people doesn’t get them anywhere.
Posted on 5/24/19 at 8:41 pm to HailHailtoMichigan!
He knows USA pays billions for Walmart employee food stamps.
Posted on 5/24/19 at 8:44 pm to CelticDog
quote:
He knows USA pays billions for Walmart employee food stamps.
Such a dumb talking point.
Welfare raises wage rates. It does not lower them
Posted on 5/24/19 at 8:45 pm to HailHailtoMichigan!
Yep, the masses don't understand and it really hurts our country. A perfect example is how a certain one huge company is slammed for obscene profits when their return on investment was about 8%. But company B in an unrelated market (cough walmart) went unmentioned while they were pulling in more than triple ROI.
Posted on 5/24/19 at 8:52 pm to CelticDog
quote:
He knows USA pays billions for Walmart employee food stamps.
Agreed. We should eliminate entitlements.
Posted on 5/24/19 at 8:59 pm to NC_Tigah
quote:
Bernie Sanders @BernieSanders
If Amazon can raise its minimum wage to $15 an hour, there is no reason that McDonald’s—a company that took in $1.4 billion in profit and paid its CEO $22 million—can’t also pay its workers a living wage.
In my view, if McDonald’s has enough money to buy back $22 billion of its own stock, it damn well has enough money to pay all of its workers at least $15 an hour.
Bernie doesn't understand the repercussions (or seemingly much of anything about economics). This will only hurt the franchisees, many of whom are small businesses.
According to former McDonald's USA President and CEO, Ed Rensi:
quote:
To understand the impact of McDonald's recent wage announcement, you first need to understand the corporation's current relationship with its franchisees. In recent years, many have lost significant equity because of aggressive required capital investment (e.g. store re-modeling, equipment upgrades). Add to this the increased (and unrecoverable) cost of third-party delivery (e.g. Uber Eats), and you have a recipe for franchisee financial stress.
Left with few options to recover new imposed costs, franchisees are seeing their equity dwindle and margins squeezed. That’s especially the case in high-cost cities like New York, where occupancy costs, taxes, and rapidly rising labor costs are driving restaurant closures.
It's true that, in many states and localities, the starting wage rate is already at $15 an hour or higher thanks to nearly-full employment. But a mandated wage rate that works in one market could be disastrous for franchisees in another market with a lower cost of living.
Make no mistake: Franchisees will pay the price through higher costs, younger workers will pay the price through loss of jobs and opportunity, and shareholders may pay a price in reduced value.
Forbes
Posted on 5/24/19 at 9:01 pm to HailHailtoMichigan!
And I would say 99% of every pension, 491k or any other retirement plan is invested in these same companies. The better they do the better the retirement plan does....
Posted on 5/24/19 at 9:04 pm to FightnBobLafollette
quote:It shows he doesn't even understand basic economic facts.
None of that shows he doesn’t understand profit.
E.g.,
quote:In a supply-and-demand economy where there are 1.3million more job openings than there are unemployed Americans, Sanders statement is bizarre.
But tens of millions of workers don’t know that, because they’re working longer hours for low wages,”
quote:
None of that shows he doesn’t understand profit.
quote:From 2014 to 2016 McDonald’s spent $20.5 billion on buybacks at a costbasis of ~$98/share. In 2016, revenue had dropped several years running, income was flatlining, and long-term debt had risen dramatically, approaching $26 billion.
Bernie Sanders @BernieSanders
In my view, if McDonald’s has enough money to buy back $22 billion of its own stock, it damn well has enough money to pay all of its workers at least $15 an hour.
Since that point, McDonald's $20.5Bn investment grew >100% in value to $199/share. PPS grew because management knew far better than Bernie what was good for the company.
In terms of profit, Bernie hasn't a goddamned clue MCD cleared >$21Bn vis-a-vis that buyback. If market forces dictate higher wages, MCD will have to pay them. However, paying more than market without a commensurate ROI is a breach of fiduciary duty.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News