how can a firm be worth 14.6 billion with no sales ?
Pigouvian tax
- Thread starter Farfrae
- Start date
Er it has sales.
- Location
- Limousin
Probably incorrect to say no sales, but rather no profit. But that's the wacky word of US investments atm to much money looking for a home. So if you make veggie burgers or run a home delivery service or Taxi. Cloak it with the words 'tech' and add 'entrepreneur' or 'environmental' and they will throw money at you even if it's unlikely to ever make any.
- Location
- Ledbury, Herefordshire
You do know some of the biggest investors in meat free meat are..... meat companies (see: Cargill). They are just exploiting a new revenue stream and unlikely to abandon billion pound meat revenues
Actually I find Quorn Nuggets to be delicious personally
Meat is artificially cheaper due to subsidies, people actually paid what the real cost of Agricultural products in general they will be astounded at just how subsidised it all is.
Storeman
Member
- Location
- South East Englandshire
Ah, the clueless troll is back.
- Location
- Shropshire
Well you would
Swarfmonkey
Member
- Location
- Hampshire
Engage brain please George.
All food produced in the UK has been artificially cheaper at the checkout due to ag subsidies. CAP subs were £3bn a year. In the grand scheme of things that's **** all. With central government spending of nearly £670bn a year (last full year pre covid, far more at the moment!) it's basically Treasury pocket change.
To put it in context:
Tax relief for charities costs the taxpayer twice as much
Tax Credits cost the taxpayer 6 times as much
Housing Benefit costs the taxpayer 7 times as much
*edit*
To give you an idea just how little that 3 billion quid is, UK consumers spent more than 103 billion on food last year (Statista 2021)
All food produced in the UK has been artificially cheaper at the checkout due to ag subsidies. CAP subs were £3bn a year. In the grand scheme of things that's **** all. With central government spending of nearly £670bn a year (last full year pre covid, far more at the moment!) it's basically Treasury pocket change.
To put it in context:
Tax relief for charities costs the taxpayer twice as much
Tax Credits cost the taxpayer 6 times as much
Housing Benefit costs the taxpayer 7 times as much
*edit*
To give you an idea just how little that 3 billion quid is, UK consumers spent more than 103 billion on food last year (Statista 2021)
- Location
- Fife
Nope.
I regularly point this out on twitter. Meat doesn't receive any subs in England. Land owners do.
Some of the biggest meat exporting nations in the world (NZ and Australia) don't have any ag subs at all.
- Location
- Ledbury, Herefordshire
Aren't Quorn one of the biggest buyers of egg white in Europe?
Oh yes, so they are.....
Mycoprotein (39%), Water, Rehydrated Free Range Egg White, Wheat Flour (Wheat Flour, Calcium Carbonate, Iron, Niacin, Thiamine), Vegetable Oils (Sunflower, Rapeseed), Salt, Maize Flour, Wheat Starch, Milk Proteins, Textured Wheat Protein (Wheat Protein, Wheat Flour), Natural Flavouring, Raising Agents: Tetrasodium Diphosphate, Sodium Carbonate; Pea Fibre, Firming Agents: Calcium Chloride, Calcium Acetate; Wheat Gluten, Gelling Agent: Pectin; Dextrose.
- Location
- Limousin
That's the whole idea of highly processed foods the food giants want you to buy. Cheap basic ingredients mixed with high quantities of salts, sugars, fats and artificial flavourings. Then sold at 2 to 3 times the price of the product they are supposed to be replacing, as a healthy option to you and maximum profit to them.
The old saying goes that "you are what you eat"...
...which explains why you're bland and tasteless, despite being very salty .
Sounds like you need to eat more of it George.
nuggets lol, i though they were for children .
- Location
- Fife
They taste like absolute fücking shite.
I didn't eat meat till I was 13. From that moment on I refused to eat Quorn or any other shite. Be better off eating the box than the burger.
I’ve eaten Quorn twice, and both times were disappointing. I then read the history of why ICI created Marlow Foods, how the manufacturing process was developed as a way to create an artificial protein source for the livestock industry, and how Quorn is made by circulating the Fusarium Venenatum fungus through a nutrient rich soup in giant stainless tanks before heat treating it to remove excess RNA so it doesn’t cause gout.
The genius of Quorn is in the marketing of a barely edible but ultra processed livestock feed (mixed with palm oil) to a gullible public, on the understanding that they’re ‘saving the planet’ by eating a ‘healthy’ product.
So you believe that earing something ultra processed made with vegetable oil is good for you then do you? (Irrespective of chicken or quorn)
caveman
Member
- Location
- East Sussex.
Yeah.
Well.
These fake meat company's won't last long, once the super markets demand COP related contracts and then make them pay for promo loss leader status to get the peeps in the stores to buy real two quid chickens.
Well.
These fake meat company's won't last long, once the super markets demand COP related contracts and then make them pay for promo loss leader status to get the peeps in the stores to buy real two quid chickens.