• Wed. May 31st, 2023

PLT8k Mouth of the South

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The Over Priced$ Economy

     Raising the Minimum Wage is a Great idea. The act would be historic. The act would be very nice. Let me tell you about being nice. I’m a Nice guy. Being nice opens the act of judgement. The devils with demons will attack you like never before. Just for being good and nice. My pops (LJ-RIP) always told me they are two sides to every coin. Meaning its more than one way to skin a potato. When I was coming up,  gas was 89 cent up to 93 cent a gallon. What is that telling us? Todays gas is in excess of 3 dollars a gallon!!! What? that is like a 3000% raise of profit$ for taxes and the oil industry. This goes for all products sold. Really all we have to do is lower the cost of goods sold. Really? (COGS) All my economic guru’s will explain to you that lowering the cost of goods sold is the key. Let me find my Business Text book. [Because COGS is a cost of doing business, it is recorded as a business expense on the income statements. Knowing the cost of goods sold helps analysts, investors, and managers estimate the company’s bottom line. If COGS increases, net income will decrease. While this movement is beneficial for income tax purposes, the business will have less profit for its shareholders. Businesses thus try to keep their COGS low so that net profits will be higher.]-https://www.investopedia.com/terms/c/cogs.asp . The products we buy are the exact cause of the disparity going on in America and the world. Too many hands in the pot. The middle man is stealing all the profit forcing the price of the product to rise. How much does a apple cost? Today vs. Yesterday. I don’t think its anything else to be said.

PLT8k — That stimulus is a Blessing! ( Don’t Quote Me!!! or Judge me. Thanks)

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