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I can't WAIT to VOTE him OUT so I can pay MORE for Groceries again!
-LITERALLY Republican Voters!
Excuse me for wanting to be poor!
Not a Republican, but there is a lot of nuance.
He can sell groceries at a loss because the money comes from other places...all of which is eventually paid for in taxes (in this case there is probably a small resitribution from rich to poor which I am happy with).
I don't mind Democrats getting caught helping their constituents. But let's not pretend he found some cheap grocery loophole; grocery store are already incredibly efficient, they only make ~3% profit. I am just speculating that the logistics needed to spin up govt groceries is much larger than the existing ~3% markup from the private sector.
Ag/food production is already subsidized, so it’s not like buying from for profit stores eliminates social aspects of the industry. On the other side, what NYC is doing is removing CEOs with multimullion dollar comp packages from the equation.
The problem is we are only talking about grocery stores where the revenue is only about 3%. Ton of problems with Big Ag which as you said is heavily subsidized. I don't mind the redistribution. I think it is great optics. But I just think it is ineffective, because grocery stores (only talking stores) are in fact very efficient already.
grocery stores are efficient for their owners, but not for food. grocery stores waste a lot of food. source: i used to eat grocery store dumpster food
If they were efficient for their owners, there profit would be a shit ton more than 3% of revenue.
Food dumping is its own issue. I bet the government grocery stores will have to follow the exact same laws.
The Piggly Wigley or the Bodega are not raking it in.
I would suggest you look up exactly what they make. Plenty of grocery stores are publicly traded companies. Go ask a bodega owner.