Hmm. As much as I am willing to criticise huge profits.
Tescos turn over is approx £71b so £3.1 is below 5%
That really dose not seem like a huge profit. I’d honestly be more worried that only very large companies can really run on low % profit and survive. Meaning their existence allows them to put compete local mum and Pop companies.
It is huge. But so is the company so % is the only datathat matters.
On a store by store comparison. The average turn over of a local corner shop. Would not be able to support a family on 5% profit margins. They tend to function on 10 to 15%. And that is low compared to other industries.
As I pointed out. The issue is more. Tescos is so huge. 5%. Allows it to destroy all but other huge competition. So it prevents competition from ever getting a foot hold.
As all large corperation s will do when given the opportunity.
It is intentionally trying to make a news article out of the profit rather then the size of the corperation.
The media’s owners etc. Do not want voters spending to much time worrying about how large corperation s are able to overpower all competitive attempts from new businesses. It goes against all the advantages they sell about capitalism. And may encourage voters to call for the breakup of such corps.
Agreed. But let’s ensure we get the wording correct.
Tax wealth income equally.
Because just saying tax the rich. Allows the rich to claim we want to increase higher income taxes. Leaving the left arguing with people who should be on our side.
They do this intentionally to divert the argument from real wealth. Because they know their arguments against taxing wealth fall down when openly challenged. So using higher income earners to distract the argument. Saves them defending their real income source.
Hmm. As much as I am willing to criticise huge profits.
Tescos turn over is approx £71b so £3.1 is below 5%
That really dose not seem like a huge profit. I’d honestly be more worried that only very large companies can really run on low % profit and survive. Meaning their existence allows them to put compete local mum and Pop companies.
True 3 billion is a a pretty small number.
It is huge. But so is the company so % is the only datathat matters.
On a store by store comparison. The average turn over of a local corner shop. Would not be able to support a family on 5% profit margins. They tend to function on 10 to 15%. And that is low compared to other industries.
As I pointed out. The issue is more. Tescos is so huge. 5%. Allows it to destroy all but other huge competition. So it prevents competition from ever getting a foot hold.
As all large corperation s will do when given the opportunity.
This 100%. Lot of brain dead takes here with “3 billion is a big number!”
Nods. It is also why the media uses such numbers.
It is intentionally trying to make a news article out of the profit rather then the size of the corperation.
The media’s owners etc. Do not want voters spending to much time worrying about how large corperation s are able to overpower all competitive attempts from new businesses. It goes against all the advantages they sell about capitalism. And may encourage voters to call for the breakup of such corps.
The real answer is to tax the rich. Taxing groceries more? Just more taxes on the poors.
Agreed. But let’s ensure we get the wording correct.
Tax wealth income equally.
Because just saying tax the rich. Allows the rich to claim we want to increase higher income taxes. Leaving the left arguing with people who should be on our side.
They do this intentionally to divert the argument from real wealth. Because they know their arguments against taxing wealth fall down when openly challenged. So using higher income earners to distract the argument. Saves them defending their real income source.