Do you agree or disagree with Gerry?
Gerry Opposing RBA Inflation Warning
Wasabi Ninja on 30/11/2023 - 10:20
Last edited 30/11/2023 - 12:33 by 1 other user
Last edited 30/11/2023 - 12:33 by 1 other user
Poll Options
- 23Agree
- 91Disagree
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Comments
You mean just like 99% of other people?
I love the projection that nearly everyone doesn’t care about anybody but themselves.
My experience in life is it is completely the opposite - nearly everyone cares very much about their families, friends, community - except for a small number of (often quite wealthy) people who care little for anybody but themselves.
Those few have much more control than the many, though.
Boils down to what "caring" means.
Drive around and you will notice virtually no one cares about other drivers.
Look from the "environment imact" aspect and then almost no one cares. The pandemic of gigantic Diesel pickup trucks and 4X4 roaming around suburbia gives a good starting clue.
Walk around and you will notice virtually no one cares about homeless people needing help.Sad but factual.
Hey Gerry isnt a geriatric, pleae show some support for true geriatics.
Gerry is just a greedy arsehole, appreciate that and you wll understand everything he says.
"Gerry is just a greedy arsehole, who has some sort of hold over both sides of govt and gets the goal posts he demands appreciate that and you will understand everything he says.
Im glad you are on thinking sttraight instead of blaming an unfortunately illness.
ALL BUSINESSES AND GOVERNMENT DEPARTMENTS ARE ENTITLED TO PASS ON COST INCREASES!
Its always been that way.
You can disagree and down vote but thats life.
Businesses should pass on costs if they can. Consumers will also make decisions in their best interests.
Considering the shambles Harvey Norman’s website was on Black Friday, Gerry should stop whining & blaming others for the poor results HN released yesterday
His honey (ex CEO Optus) is probs his IT floosie now.
The Black Friday sales weren't included in the results period that was released.
Aren't businesses supposed to make a profit? If they don't they wont be in business for long.
So when government taxes and regulates them so hard who do you think is going to pay for it?"Gerry Harvey says businesses are justified in passing on cost increases through higher prices to maintain their profit margins and prevent bankruptcies, despite the Reserve Bank warning it could lead to higher inflation."
Gotta keep their rubbery government figures within parameters I guess? After all 'number's are the most important thing in society aren't they? Now get back to work slaves, someone has to pay for all this.
when government taxes and regulates them so hard who do you think is going to pay for it?
Hard to tell why you think government is a meaningful cost to Harvey Norman.
From the last annual report they sold $9.2billion, making $1.1b EBITDA. They paid $237m tax.
Not peanuts, but hardly a big impost compared to costs for merchandise, labour, property etc.Cheers, is that their total tax bill or just tax on sales?
It isn't GST or anything, just the tax the company paid on earnings. They helpfully split out pre-tax profit and NPAT.
Cost of selling a product on the shop floor includes cost of goods, rent, labour and utilities.
So lets say if your employer told you to take a pay freeze to help the country would you?
Lets not bring Gerry into this. Very simple question. Who is freezing prices to help the country out? The politicians are getting a good pay rise this year and they are on $200k+ if they so desperately want to cancel stage 3 for "politicians and billionaires" why have they not introduced legislation for the $9k surcharge for politicians and billionaires? I am sure there will be no public uproar because there is only like <1k of these people. (In reality is they want all the money on the table, not just the fat at the top)
Everyone is talking in their own self interest. Just follow the money. For Gerry other business not passing on costs means he can't pass on costs to compete and squeezing his margins.
If people want to help inflation you'd save your money and invest it overseas because more money in overseas markets will increase inflation over there while draining money from here.
Gerry's business benefited from the government handouts during pandemic lockdowns while many businesses went bankrupt. I hardly think he should be whining about not being able to raise prices, when those handouts also contributed to inflation.
business benefited from the government handouts during pandemic lockdowns
I don't see many businesses including small businesses and those who got JobKeeper rushing to write cheques to the ATO to hand this excess inflationary money back
Notice how I kept Gerry out because it isn't a Gerry problem at all. It is a problem everywhere. Gerry just wants to sound controversial to get some media space. It is nuts if people think that we're not all contributing to the problem.
He did that in '08 when he compared the recession in Ireland to the Great Famine.
Where’s eggboi when you need him
i think we need a gerry tax. everytime he talks, 10 percent tax on his income.
Not just a Gerry tax. Maybe a fact tax. When someone says something not check out as fact then 10% tax on income because there is a lot of people telling rubbish out there.
Everyone just talking "their own book" (whatever that helps themselves profit). On X there is lots of people who would like to see interest rates higher because they are in cash and want to pick up property cheap or they are trying to move the markets their way to profit. Never underestimate when you get free advice it usually means you are the product.
Businesses don't set prices for the good of the community. They are not a charity.
They are not a charity
Most people would like them to be. Until they run a business.
Yes, for people to realise to only spend within their means. O wait, afterpay gotme
If Gerry really wants to help his business, maybe he should be crying about the biggest tax in the country. This tax is costing families for thousands a year for nothing…
Yes im talking about CEOs and corporate leadership who are putting the price of everything up to support them and their parasitic mates.
Want to know why your electricity went up, guess what it went up to pay for office buildings of corporate leaders. When all businesses have corporate parasites the money has too come from somewhere…
"Want to know why your electricity went up.."
Alternative energy subsidies mostly.
BS.
Energy providers (conventional) are gouging + the amount of solar on roof feeding into the grid, whereby ALL other users bare the cost to adapt the grid.
We need a 90% tax on race horse owners
Yes, but only on those named Gerry.
A business should be charging the highest price the market will accept to maximise profits. To do otherwise is just cheating the shareholders.
They have no moral obligation to anyone. Sometimes they might appear to have morals and care. Beware this just a trick to increase their goodwill so that sales increase and thus profits increase. It's all about the profits.
did gerry returned the covid funds?
You mean did most of the Australian returned the covid funds?
If businesses are not allowed to pass cost increases, then should they be converted into charities and NOT paying any taxes then?
They are enterprises and I think people should recognize enterprising is not a sin. You do not have to deal with Hardly Normal Gerry if you don't like him. I certainly haven't spent a single dollar on his business this calendar year.
Passing on costs is one thing however it's really not just passing on costs when Harvey Norman has an overall higher profit level compared to prepandemic.
Poll should be disagree or disagree vehemently. He's basically admitting retailers are already gouging.It has the stench of collusion, but the ACCC will NEVER go after this festering lizard man. He also said business should not only pass on the costs, but do it to maintain the same or better profit .
It has the stench of collusion
how?
He's basically admitting retailers are already gouging
How?
By defending the status quo, and stating that it's OK, and . Read the articles.
He's saying not only is it OK to raise prices, businesses should do it to maintain a "healthy" profit margin.
Nobody is suggesting they should sell at a loss, but Gerry has form. Money to homeless a waste etc.What a lovely guy he is.
https://www.afr.com/rear-window/gerry-harvey-no-fan-of-waste…
He's saying not only is it OK to raise prices, businesses should do it to maintain a "healthy" profit margin.
Thats business.. every successful business owner would think the same.
@pharkurnell: You keep upping prices for non essentials and guess what happens?
You keep upping prices for lifes essentials and guess what happens?
Both outcomes are happening now. Harveys poxxed postion matches Dr Doolittoes Pushme Pull You business model when it comes to inflation.
So what are businesses supposed to do? Not increase prices and cop a loss?
No. They should share the pain, not demand 'business as usual".
You watch too many Disney movies with everyone living happily ever after.
Yes, I am a bit "rosy" about the world.
Maybe Gerry's right? /sI think you read to much 'Atlas Shrugged'
Gerry complained for years about online sales kneecapping Aussie businesses, then setup a website that gray imported from Ireland to circumvent Australian GST- which his competitors were paying.
1/10 sensationalistic post,
Needs more energy.
Gerry's a flog and the RBA are just a bunch of big business big wigs having a circlejerk trying to leverage the system for as much cheap debt as possible, honestly it's a huge conflict of interest.
Maybe they should put up a statue of Gerry on top of the Harbourbridge.
The whole world could make youtubes of a new MF lane?
Are there lots of roosting seabirds there?
Gerry Opposing RBA Inflation Warning
I don't really care what he thinks.
I'll keep buying from the cheapest provider.
Owner of falsely named dog farts out of his mouth:
182 Ozbb users think he is a moron.
Meanwhile his TV appearance sends HVN stock soaring!182 Ozbb users think he is a moron.
Out of 402,816 users ?
402,634 are probably registered and are praying to profit from his loot to get a few cents of affiliate payments.
Why do they even ask that guy for his opinion?
So you can comment about it.
That's true… we wouldn't have this post if he didn't give his shitty opinions.. 😁
Cheap Headlines… like old harold scruby used to be
Fkn Harold Scruby… that's a name I don't miss!
Is it still alive?
in reality it will be a 'bit of both' businesses will have to pass on some costs but the reduce spending and high competition will result in higher prices for consumers but also lower margins for businesses.
the only businesses that i confidently can see pushing though price rises are toll road providers due to their inflation plus - 30 year monopoly contract [thanks Dan Andrews ya f wit] and Colesworth which essentially command a duopoly in Australia
as for the Harvey Norman hate guy himself he is an evil greedy old p—-k [i do respect how 'smart' of a businessman he is] so i get it but Harvey Norman the retailer is lets be fair not that bad i personally think they have better value for shoppers then Jbhifi which is a down right evil business every single person i have ever known to work there has nothing good to say about the place, whilst the Harvey Norman workers are a bit more of a mixed bag
Because the average Albo voter loves to thrive on such excrement!
Oh that guy who pocketed JobKeeper payments as his profit
FU GERRY
Do you agree or disagree with Gerry?
Do we EVER agree with anything Gerry has to say? He is the reason I'm paying tax on my aliexpress orders!
How is it this arrogant and self serving cnut keeps getting in the news?
This site is just a Gerry Harvey Love Fest. It's so nice to see such a wonderful human being getting all the attention he deserves. Wouldn't shop at HN stores under any circumstances.
The problem is often when they pass on costs they always seem to round up. If cost of an item goes up 8 cents they put it up 10 cents.
The geriatric who has consistently been a public (profanity) says more stupid nonsense?
Yeah, nah.Saying yes?
… hello inflation.
I'm so happy to see you getting bigger and bigger … how can I contribute …
Generally speaking it's worth disagreeing with geriatric gerry, he's only interested in number 1, himself. He doesn't care about anyone else.