If you listen to certain people they will tell that the price of ⛽️ and oil is because of Greed 🤑. They will tell you that there is a shortage of baby formula because of collusion of baby formula manufacturers and that that just Greed 🤑 . The will tell you that profits have gone up stupendously that’s just Greed 🤑.
Now there is another group that will tell you that we can’t manufacture anything because of the Greed 🤑 of the labor unions that have priced us out. They will tell you that the reason property taxes are high is because of the Greed 🤑 of the teachers who only work 10 months out of the year. The reason student 🧑🎓 debt 💸 is so high is because of the Greed 🤑 of the universities and or their professors.
The purpose of this writing is to show how the word Greed can have a different shades to different economic beliefs.
No the price of oil is not inflated by 🤑 but by supply and demand. You would think that other makers of baby formula would pick up the slack, perhaps 🤔 because Abbot has such a large share of the market the other manufacturers don’t have the capability to produce any more ( this may be due to the fact that Abbot discounts to state governments for the WIC program it’s hard for the other companies to compete. Profits have gone due to the lack of supply, what the companies due with the profits should not be the concern of the government ( I think that companies should pay down their debts or say for a 🌧 day).
No way that the unions chased away manufacturers with 🤑 demands, we can not live on anything close to what is paid to some overseas companies. Good schools 🏫 with good teachers 🧑🏫 make the property values rise and those goofballs who who complain that teachers 🧑🏫 only work 10 months they should try working with unruly people, and trying to get the best out of our youth. Private Universities do charge to much, but they are in competition and I don’t believe that professors or paid too much.
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