Interesting take on why McDonald's(fast food) prices are so high now.

[kimocomplex]

Taco places are thriving

Tacos > McDonald's

Good, fuck'em

 

[fingercuffs]

Taco places are thriving

Tacos > McDonald's

Good, fuck'em

Indeed. But corn tortillas make me sick so unless I'm making them myself they're impossible here.

 

[BigSexy444]

Fast food is poison anyway and when you take a long enough break from it you realize how shitty it tastes compared to what you can make on your own. The amount of sugar and sodium is fucking disgusting.

It really is like drugs. Once it's out of your system for a while you can't believe you ever put it in there.

 

[subtlySteve]

Laughs in Swedish

 

[Osculater]

Taco places are thriving

Tacos > McDonald's

Good, fuck'em

Fvck yeah, give me that cat and dog meat in my tacos and burritos!

 

[pv3Hpv3p]

I grabbed a big bacon classic and 6 nuggets from Wendy's yesterday.

It cost 11$ and change... that feels like a lot for Minnesota, but I dunno

 

[IDGETKTFO]

While Fast Food in general is way too expensive, I find McDonalds has better deals if your smart with using the app. Their rewards system does suck though. But most of the time they always have a free medium fry with a $2 purchase, and if you order two mcdoubles its $3.99 , so if im craving Mcdonalds i always get two Mcdoubles and a fry for $4 bucks.

 

[Brampton_Boy]

So you think billionaires in those countries don't hide their wealth overseas? You think they actually pay 45% taxes on their actual income?

You can't actually be this naive.

The fact that billionaires have to hide their wealth overseas proves my point. If they had magical control over a countries fiscal and tax policies, there wouldn't be a need for that.

 

[ColemanwastheGOAT]

The fact that billionaires have to hide their wealth overseas proves my point. If they had magical control over a countries fiscal and tax policies, there wouldn't be a need for that.

If they didn't have control over their government, they wouldn't be allowed to put all their money in the cayman islands

Also you just went from 'they pay 45%' income tax' to 'yeah they pay 0% income tax but that's just because they hide their income.'

Which is it?

It doesn’t matter what the law says if they flout the law. It just means guys like you read 'ooh 45% income tax!' and don't investigate if they actually pay it.

 

[ferrisjso]

When a discount chain has no more room to grow raising prices is an easy way to make profit because they will still be cheaper then everyone else. Basically the grocery store is taking hostages for McDonalds.

Taxes are irelevant people need to learn MMT.

 

[IDL]

People who have this view have a fundamental misunderstanding of global economic systems and factors that lead to inflation.

Inflation is largely explained by two forces - COVID stimulus spending that injected trillions of dollars into the global economy, and supply chain constraints. Every single G20 country (with the exception of Japan) experienced double digit inflation. It has nothing to do with what administration was in power at the time.

The administrations set the budgets though, so I don't know how you can say excess spending (borrowing and increasing the money supply leading to inflation) has nothing to do with the people in government.

Supply chain issues fair enough, but that is temporary so price increases attributed to those issues should go away and we'd see prices settle back to baseline, whereas inflation is permanent so we're stuck with it.

 

[fingercuffs]

The administrations set the budgets though, so I don't know how you can say excess spending (borrowing and increasing the money supply leading to inflation) has nothing to do with the people in government.

Supply chain issues fair enough, but that is temporary so price increases attributed to those issues should go away and we'd see prices settle back to baseline, whereas inflation is permanent so we're stuck with it.

He made a point of saying "global". Countries all over the world are going through the same thing that we are in the US.

 

[IDL]

He made a point of saying "global". Countries all over the world are going through the same thing that we are in the US.

Yes but I don't see how they changes things. I get that all sorts of countries had to deal with Covid and likely did so with inflationary policies.

 

[fingercuffs]

Yes but I don't see how they changes things. I get that all sorts of countries had to deal with Covid and likely did so with inflationary policies.

So what are you disputing then?

 

[IDL]

So what are you disputing then?

I don't agree that government administrations aren't involved with creating inflation

 

[fingercuffs]

@IDL I even saw it with local restaurants in the UK and US. They hiked their prices up during Covid to deal with their costs going up and then didn't lower them again. Every western country I know people in are dealing with the same shit.

 

[fingercuffs]

I don't agree that government administrations aren't involved with creating inflation

Which government? A worldwide government?

 

[IDL]

Which government? A worldwide government?

No, any government of a nation. Like the government of the US, Canada, etc..

edit: I think the point Brampton_Boy was making was that since all nations experienced Covid and all responses required inflationary spending then it didn't matter who the government was at the time. Everyone had inflation. I can agree with this in general but "To what extent" is dependant on the individual government reaction so it does matter what the government does.

 

[fingercuffs]

No, any government of a nation. Like the government of the US, Canada, etc..

edit: I think the point Brampton_Boy was making was that since all nations experienced Covid and all responses required inflationary spending then it didn't matter who the government was at the time. Everyone had inflation. I can agree with this in general but "To what extent" is dependant on the individual government reaction so it does matter what the government does.

And again, corporate greed in The Western World's countries is still in existence as a result. This isn't just the US and Canada. Have you looked into all the other countries going through exactly what we are here?

 

[IDL]

And again, corporate greed in The Western World's countries is still in existence as a result. This isn't just the US and Canada. Have you looked into all the other countries going through exactly what we are here?

I said "like the governments of the US, Canada, etc..". This was explicitly stated to indicate that I wasn't just talking about the US and Canada.

I'm at a loss as to what we're disagreeing about.

If you want to discuss greed, then sure greed is ever present in all nations, all corporations, in all of history. If you are making the case that it is greed and not inflation that is behind the increased fast food prices then fine. Maybe it's a factor I don't really know. I guess you'd have to look at what the profitability is now compared to pre-covid.