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Govt response to anti competition review, page-28

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Scottbm

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10/04/24

15:50

Post #: 73280228
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Originally posted by TheCapatilist ↑

Listened to a podcast today where a very
respected fund manager was asked whether the
supermarkets were price gouging.
I have substantial money invested with this
manager , regard his opinion highly and he
has a degree in finance and economics.

His response was, “ considering the modest
after tax margins it is very hard to argue that
the supermarkets are price gouging. If margins
and profits are squeezed it would lead to a
withdrawal of capital and less investment in
vital supply chain infrastructure which will
ultimately lead to higher prices “

The supermarkets are purely whipping boys for
the uneducated and angry masses.

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Yes, no one wants to look at the root cause?

Ridiculously high Electricity costs
The new truckie tax
Diesel prices through the roof

It's just another look over there moment from our shithouse Government
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