FAST FOOD INFLATION KILLING THE POOREST IN TWO WAYS

FAST FOOD PRICES: GOOD NEWS OR BAD NEWS?

The Burning Platform

“In twentieth-century Old Earth, a fast food chain took dead cow meat, fried it in grease, added carcinogens, wrapped it in petroleum-based foam, and sold nine hundred billion units. Human beings. Go figure.” Dan Simmons

So everyone knows Bidenomics, in conjunction with Jerome Powell’s massive money printing, has resulted in a surge in food, energy and almost all prices. This inflation most certainly hurts the poorest people the most. Where do poor people eat? Fast food joints.

As you can see from the chart below, the top 3 fast food joints have increased their prices astronomically since 2019. Their corporate profits have been solid, as they pass their increased expenses onto the customers, with an up-charge for good measure.

Since the food served by these corporate mega-food conglomerates is toxic sludge, the single biggest reason for the obesity epidemic and killing the poor prematurely, is this increase in prices good for poor people, because they can’t afford to eat there 8 times per week?

Personally, I haven’t been to a McDonalds in over a decade and have never been to a Taco Bell in my life. I do admit to getting Chik-fil-A several times per year, impressed by the efficiency of the young white workers they hire.

I look at the prices for this crap and think the same way I do with coffee. I buy coffee on sale at Giant (2 pouches for $8) and make a full pot every morning before work. I have 2 cups at a cost of about 20 cents. Meanwhile, I drive by Dunkin Donuts and Starbucks and see people buying a cup for $4 or $5.

This past weekend at Giant they had a value pack of ground beef (6 pounds) with the yellow sticker showing 50% off. I bought it for $12. I took it home, split it into 3 portions and froze two of the them. I then proceeded to cook 7 big thick burgers on the grill from the third packet. That came to 57 cents per burger. If you add in the cheese and bun, the meal came to about 75 cents. Compare that to the $3.15 toxic cheese burger patty at McDonalds.

Maybe these outrageous fast food prices will convince more people to look for grocery store deals and cook at home. I’m probably too optimistic. They have been purposefully addicted to the fast food by these companies and are maff challenged when it comes to budgeting. They’ll just put it on their credit card and pay 21% interest on their Beefy 5-Layer Burrito for the next 3 years, even though it went through them in a matter of hours.

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https://www.theburningplatform.com/2024/05/22/good-news-or-bad-news/

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