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.
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.