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Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike.

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

https://www.voanews.com/a/americans-refusal-to-keep-paying-higher-prices-may-be-dealing-a-final-blow-to-us-inflation-spike-/7738926.html

Some of America's largest companies say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive

8 comments

DrSleepless

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Americans refusal to keep paying higher prices may be dealing final blow to price gouging

gravitas_deficiency

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I feel like banning stock buybacks would have more of a real and long-term effect than just relying on the market to “self-correct”

collapse_already

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Tax on realized capital gains above $500k. Capital gains taxed as ordinary income or maybe a higher rate than OI since it isn't really earned by the investor but by the labor of the employees of the company they "invested" in.

Nomecks

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1-month minimum hold time before selling of stocks.

teamevil

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You mean gouging not inflation, inflation is across the board, these companies are not paying proportionally more to make the product just gouging the end customers.

crusa187

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When the CEOs (Kroger, looking at you) are literally bragging on quarterly earnings calls about raising prices and keeping them there just because they can - we call that Price Gouging. If only we had some kind of Consumer Financial Protection Bureau that could help to regulate these greedy business practices…

Ensign_Crab

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I love how it's "refusal" to be maxed out fathoms deep in debt.

OsaErisXero

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Joke's on you, the only reason I'm not paying more is because I'm already maxed out