The Lions
Politics • Culture • Education
A group of friends with mostly centrist or conservative viewpoints who share resources and ideas about the governance of Alberta and Canada and about world events and trends.
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August 19, 2024
price gouging is a nonsense narrative

clearly, the narrative is “record profits mean gouging!” but this is a ridiculously facile and illiterate claim.

it’s pure playing to the peanut gallery.

inflation drives the nominal value of everything, including profits, higher. if a company once had $100 in revenue and $5 in profits and these numbers grew to $150 and $7 in profits, sure, that’s “record profits” but if inflation was 50% in that period, it was a drop in profits in real terms. it was also a drop in margins. what was a 5% profit margin is now 4.7%. that’s the opposite of gouging, that’s margin contraction and lower real profits. and that is what we are seeing across the US right now. businesses are not gouging, they are taking it in the chin to protect the consumer.
https://boriquagato.substack.com/p/price-gouging-is-a-nonsense-narrative

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11 hours ago

Candice Malcolm wins the 2026 George Jonas Freedom Award

https://open.substack.com/pub/junonews/p/candice-malcolm-wins-george-jonas-freedom-award

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October 03, 2026
October 02, 2026

CPP is the latest on Carney’s chopping block
The new $50 billion Brookfield partnership puts hard-earned Canadian pensions at risk.

All eyes should be firmly placed front and centre on the current situation between Mark Carney and our Canada Pension Plan (CPP). His furtive sleight of hand is in action once again. In short, his latest method of eventually transferring our hard-earned fund over to his bedfellow Brookfield has begun.

The Canada Pension Plan Investment Board and Brookfield have launched a $50 billion “Maple Fund.” Their explanation is that it will be utilized to funnel capital into critical infrastructure and other industries across Canada. Be afraid. Be very afraid.

In 1965, the CPP, introduced by the government, was initiated in order to assist people who did not have a retirement pension. Employees gave a certain percentage of their income to the fund, and the employers matched that figure. To be exact, 15% of income before taxes.

This fund consists of our hard-earned money, and we ...

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