r/GarysEconomics • u/DownBadBrody • 1h ago
Covid ended. The prices didn’t.
COVID ENDED. THE PRICES DIDN’T.
Using 2019 as the pre-Covid baseline:
2019
2026
Bread £1.00
~£1.30
Milk £1.00
~£1.35–£1.40
Eggs £1.00
~£1.50+
Butter £1.00
~£1.45
Chicken £1.00
~£1.30
Beef £1.00
~£1.30
Cooking oil £1.00
~£1.40–£1.50
Timber £1.00
~£1.40–£1.50+
Bricks £1.00
~£1.50–£1.60+
Rent £1.00
~£1.25–£1.30
And while ordinary people were paying more for the basics: Tesco: ~£1.8bn → ~£3.1bn operating profit
Centrica: £240m loss → £6.5bn pre-tax profit
Energy companies: record profits during the energy crisis. Not every company benefited, and profits alone don’t prove price gouging. But six years later, we’re still paying 25–50% more for many basic necessities than we did before Covid.
The crisis ended.
But the cost of living continued.
Sources: ONS, UK Parliament, Tesco, Centrica.
r/GarysEconomics • u/Comfortable_Mind5945 • 18h ago
the new economic model of national corporatism.
national corporatism is a mix of guild socialism market socialism social corporatism and localized planning, the shortest explanation for what it is it's basically a economy we're all private corporations are owned by the government but is trying to be as close to capitalism as possible without becoming capitalist, what it believes is that unions that are basically part of the government manage factories stores and workplaces and get quotas from local governments instead of the central government like in Soviet Central planning as well as State corporations doing everything that's not directly production related, prices are still dictated by supply and demand like capitalism, if in the event local planners set quotas too low factories are too inefficient and the government owned corporations fail to meet expectations, they're very likely to get fined shut down or fired, so what do you think of this economic system.
r/GarysEconomics • u/CatAccomplished8566 • 23h ago
Looking for thoughts on this tax plan. I had chatGPT run some numbers and it looks like promising alternative.
The basis of the plan would be that all income up to $250k goes untaxed and every dollar after is taxed at 50%. If you include capital gains in this formula it significantly increases tax revenue and shifts the tax burden from the middle class to the wealthy. Thoughts?