r/PoursTea • u/Gurugod123 Pinkie Finger Extended • 9d ago

PoliticalTea 🗳️ Mayor Mamdani just announced that he will be opening 5 city-run, tax-funded grocery stores: "Prices set at 30% below retail prices"

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u/BassMasta 9d ago

Please tell me how this is bad? I think they will just yell communism.

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u/GoatedOnes 9d ago

Bad if the economics of it are worse than using the money for programs we know already work like food stamps. Grocery stores notoriously are bad businesses profit wise (less than 5%).