> Your rent could be $1000 instead of $2000 if your landlord's income wasn't taxed so much. Your Chipotle meal could be $6 instead of $12 if the franchise owner and their commercial property landlord weren't taxed so much, let alone the workers.
Trickle-down economics aka Reaganomics. Companies don’t change based on cost, they charge based on what the market will accept. If the market has people willing to pay $12 for a burrito and their costs lower, they’re going to charge $12 for burritos and keep the profits. Fast food restaurants will often have discount meal wars, but notice that it’s only promotional pricing that’s changed — promotions end when they’re not useful anymore and regular menu prices largely move in one direction. If costs and availability are unpredictable, like they were with fresh produce during the pandemic, they’d probably just stop selling the product rather than having to repeatedly raise and lower the cost, which is why McDonald’s got rid of salads.
The rental market in the US is increasingly dominated by larger corporate players that leave units to sit empty rather than lower their prices because lowering a price on one unit lowers the market value overall, which makes other nearby units less valuable. Rent maximizing platforms are even doing this among independent landlords and they’ve been criticized by the FTC for doing so.
Reaganomics is just a plausible ruse to get non-rich people to support policies that largely benefit the rich and large corporations.
Trickle-down economics aka Reaganomics. Companies don’t change based on cost, they charge based on what the market will accept. If the market has people willing to pay $12 for a burrito and their costs lower, they’re going to charge $12 for burritos and keep the profits. Fast food restaurants will often have discount meal wars, but notice that it’s only promotional pricing that’s changed — promotions end when they’re not useful anymore and regular menu prices largely move in one direction. If costs and availability are unpredictable, like they were with fresh produce during the pandemic, they’d probably just stop selling the product rather than having to repeatedly raise and lower the cost, which is why McDonald’s got rid of salads.
The rental market in the US is increasingly dominated by larger corporate players that leave units to sit empty rather than lower their prices because lowering a price on one unit lowers the market value overall, which makes other nearby units less valuable. Rent maximizing platforms are even doing this among independent landlords and they’ve been criticized by the FTC for doing so.
Reaganomics is just a plausible ruse to get non-rich people to support policies that largely benefit the rich and large corporations.
https://en.m.wikipedia.org/wiki/Trickle-down_economics