PepsiCo spent $2.8 million last year lobbying to keep junk food eligible for food stamps.
Then RFK got 18 states to ban SNAP purchases of soda, candy, and processed snacks. Within a week, PepsiCo cut Doritos, Lay's, and Tostitos prices by up to 15%.
The CEO blamed "affordability." But the timing tells the real story.
SNAP is a $100 billion-a-year program. According to the USDA, 20 cents of every SNAP dollar goes to junk food. Frito-Lay products appeared in 7.2% of all SNAP shopping trips.
The moment the government stopped subsidizing demand, PepsiCo had to compete on price. No regulation. No price caps. No antitrust probe. The subsidy disappeared, and the market corrected overnight.
Now consider that this same pattern β government money in, prices up β plays out in college tuition, healthcare, defense, and every other industry with a guaranteed government buyer.
Pepsi was one company, one product line, one program. Imagine what happens when the subsidies stop across the board.
https://t.co/K2FYPHtflw
@benjamincowen Many of these alt coins have treasuries backed with ETHβ¦. I agree, we need to see ETH well above the 5k mark, more so in the 7500+ area for alts to really break out
@adamscochran This is a dumb argument. There isnβt only one company in the US making said widget. Thereβs multiple competing against each other to have the lowest price. Fatso