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Originally Posted by Cowboy89
It could be at the retail customer-facing level after the taxpayer has heavily subsidized it. In which case it's just an elaborate and inefficient wealth transfer mechanism. In practicality that's what's really being proposed. Pretending otherwise is extremely wishful / naive thinking ala Slava's 'Abolish the stock market' post in prior pages. If you understand / have worked in the grocery business or food supply chain, it would be painfully obvious that the gross margins are very thin relative to other industries and it's not very likely that there's a role to play by government that reduces costs, while also accomplishing a bunch of sub-commercial goals such as ensuring local supply, increasing quality, paying higher wages to employees, opening stores in sub-optimal locations from a demand perspective, subsidizing remote region food prices, etc.
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There is already a wealth transfer happening. Right now all of your money is going into the pockets of private corporation CEOs and their shareholders as
they are making record profits.
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Industry-wide, food retail profits have more than doubled from levels typical before COVID. Food retailers earned net income of almost $6 billion in 2022, compared to $2.4 billion in 2019, and an average of $1.8 billion per year in the five years before COVID. In the first nine months of 2023, food retailers earned $4.6 billion; year-total profits for 2023 at that rate will exceed $6 billion.
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This is happening with your food, your insurance, your electricity (and more). If you are happy bending over and being pillaged by corporations then good for you. I think it is bull#### and needs to stop.