this post was submitted on 25 Oct 2023
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But profits are up so who cares right?
Fuck I hate capitalism.
Prior to the Reagan/Thatcher trickle-down shitshow that fucked us, capitalism was different. Rich people paid 75% tax, Wall St wasn't given free reign over everything and gov'ts seemed to (mostly) care.
Yep. Profits, dividends, executive salaries, even the companies themselves are acquiring a nice stock portfolio of themselves: https://www.canadaland.com/loblaw-metro-empire-stock-buybacks/