CEO Proves Why He’s The GOAT

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The Young Turks

The Young Turks

Ай бұрын

Arizona Iced Tea founder Don Vultaggio is a CEO who is fed up with the greed of CEO's. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show: tyt.com/team
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"Arizona Iced Tea founder Don Vultaggio has kept the price of his famous tea at 99 cents for 40 years even as inflation has pushed the cost of everything up.
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240701__BE03ArizonaTea

Пікірлер: 990
@Inspiredteacher1
@Inspiredteacher1 Ай бұрын
Unfortunately, capitalism is not about morals. It's about greed while looking justified in 'your' greed. Congratulations to this CEO for caring for others!
@TonyJ1179
@TonyJ1179 Ай бұрын
Unfortunately This "capitalism" is Our Government as apposed to being For the People !!
@Inspiredteacher1
@Inspiredteacher1 Ай бұрын
@@TonyJ1179 "We the people" can change that. We can build co-ops, which are actually wholesome and pressure the government to do more to support Worker-Coops.
@TonyJ1179
@TonyJ1179 Ай бұрын
@@Inspiredteacher1 That would be a start , if We can get the government to listen to U.S. People ?
@Inspiredteacher1
@Inspiredteacher1 Ай бұрын
@@TonyJ1179 we can. Love him or hate him, Michael Moore, through his documentaries, was able to galvanize the people to unite and pressure the government for a universal healthcare system. Some call it "Obama Care".
@AgitpropPsyop
@AgitpropPsyop Ай бұрын
Notice how he’s not stressed? Must be nice having a clear conscience.
@Lll20498
@Lll20498 Ай бұрын
💯 I agree with Anna. He's living my dream.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@walterkeith3711
@walterkeith3711 Ай бұрын
You get more customers when you have a fair price like Costco does and that's why they're successful in business. Lower the price more will buy so the profits are better in the long run
@walterkeith3711
@walterkeith3711 Ай бұрын
@@Lll20498 as an honest business man earning his living and bringing tasty joy at an honest price to his customers. That's the real American dream not the fake crap that trump is pulling with us and Biden too.
@crazyman8472
@crazyman8472 Ай бұрын
“Not screwing over and price-gouging your customers”…are you listening, Disney? 🤑
@lannynavitka8949
@lannynavitka8949 Ай бұрын
When I was in college, I ran a couple big chain pizza restaurants. We had a late night deal for a small pizza and a can of coke for $5. I promoted the hell out of the deal, and we sold hundreds of them every night. It probably accounted for more than 20% of our total business. One day, the corporate guys showed up(the owner, who was mentoring me, showed up in his suit jacket, lol), and they told me it was my lucky day. They told me they were changing the price of the special to $8. They had charts and graphs and pointy brown leather shoes, lol. They knew it all. I told them that at that price point, people would just go grab a Big Mac combo(it was the early 2000's) because it was faster and easier. They said that was OK because the market could bear it, and we only had to sell 60% of the previous volume to make the same money. I looked right into their dead, corporate eyes and told them, 'You will lose every single customer with that obvious price gouging.' They laughed at me and told me that there was a reason they were in finance, and I was working for them. I'd never seen 10 of the 11 of them before or ever after, lol. Just a bunch of pigs at the trough... Anyways, yup, we lost every single customer, and we lost millions of dollars, and the owner lost two of his 8 stores. The best part is that instead of remembering when I was his friend and tried to help him, he always held it against me and our relationship was never the same. He went on to own a whole bunch of franchises, I finished college and moved on. Anyways, I like to tell this story when a specific price gouging type of video surfaces. I think I'm going to save it to my clipboard so I don't have to write it anew every time, since it's common practice now. BTW, I've always loved Arizona Tea and their business model.
@redi6518
@redi6518 Ай бұрын
You're absolutely right. I've been in the food and beverage business for years. And the reason so many go into the pizza business. Is the popularity and the large profit margin. These companies could cut the price for pizza they sell in half. And still make lots of money.
@diedrebenson5950
@diedrebenson5950 Ай бұрын
Private equity is killing our economy & employee wages & quality of products or services. This is even happening in healthcare. Hospitals started gobbling up independent clinics at least 2 decades ago. Now the hospital systems are being eaten up by one big corporation after the other. It has affected patient care, staff retention, lower educational standards for nurses, etc.
@sitr2516
@sitr2516 Ай бұрын
It is disgusting. I worked for a home services company that did various stuff. Electrical, HVAC, plumbing, drain cleaning etc. The cost of materials is almost never an issue, unless your getting a whole new unit or something for a water heater or AC condenser for example, but. for most parts and units We saw the price go up a tiny bit, maybe 15% at the most. from 2019-2023. but our prices? our prices doubled. We asked over and over again and they basically admitted that they were going to keep raising the price until people stopped buying our services. It is disgusting behavior and it is predatory. these companies don't give a rats ass about the customer whatsoever. prices are insane now. for example if you need something as simple as your toilet unclogged (takes literally less than a minute usually) it will cost you about 600 dollars.... insane.
@Urza26
@Urza26 Ай бұрын
It's taught in econ 101, businesses are there to maximize profits. That's it. Everything else is secondary.
@OhAwe
@OhAwe Ай бұрын
@@Urza26 Completely agreed, I'd just like to point out; that's because neoclassic economics is the propaganda of capitalism. Its entire purpose is to legitimise the actions of the wealthy. Much like religion was/is to feudalism. It doesn't actually mean the only purpose of businesses ought to be profit, it's just justifying the goal of the capitalists. Grifters intentionally misconstruing Adam Smith to justify their greed.
@anthonyrowland9072
@anthonyrowland9072 Ай бұрын
Costco openly told potential investors not to invest in them if they expected typical practices.
@MBarberfan4life
@MBarberfan4life Ай бұрын
I'd invest in Costco. They understand long-term gains over short-term quarterly earnings.
@adriangee4272
@adriangee4272 Ай бұрын
You can't find a bottle of water for 99 cents, lucky if you find one for less than $2. At $2 to $3 you can get a bottle of water for half the size of an Arizona Tea. Think about it.
@Bummerdrummer463
@Bummerdrummer463 Ай бұрын
Lies
@victororona5445
@victororona5445 Ай бұрын
@@adriangee4272 all bottled water is controlled by publicly traded companies
@stevester9148
@stevester9148 Ай бұрын
I'm sure this guy can still afford a yacht and has a kickass retirement plan, which just goes to show that constantly rising your prices is pure greed.
@MrGrumblier
@MrGrumblier Ай бұрын
As soon as he retires and the accountants take over his company, they will destroy his brand.
@tooturtly
@tooturtly Ай бұрын
not necessarily. he could write in protections. or leave the company to someone who would continue the commitment to low price.
@MrGrumblier
@MrGrumblier Ай бұрын
@@tooturtly The bean counters and money grubbers would find a way around any "promises" made or they would sell it off to someone else with no such agreements. never underestimate the power of greed.
@tooturtly
@tooturtly Ай бұрын
@@MrGrumblier yea.
@kaelhooten8468
@kaelhooten8468 Ай бұрын
I buy an Arizona everyday, been doing it for decades. Will continue to do so.
@griffinelder9510
@griffinelder9510 Ай бұрын
Yay Costco and Arizona Tea founder😀 Shop Costco guys if you can.
@larryc1616
@larryc1616 Ай бұрын
❤Costco 🇺🇲 Shop every month!
@Roxie_also
@Roxie_also Ай бұрын
In Arizona, Arizona tea is always 99 cents. Sometimes you can catch it 2 for $1.00. I don’t even drink it but I notice when it’s on sale cause damn that’s a good deal.
@susankay497
@susankay497 Ай бұрын
Tap water's cheaper. I wonder how much this company pays for the water it uses?
@Roxie_also
@Roxie_also Ай бұрын
@@susankay497 the tap water here tastes disgusting. I honestly don’t know why that is. I grew up in Louisiana and we drank out of the tap all the time.
@susankay497
@susankay497 Ай бұрын
@@Roxie_also I feel for you 😟
@Htx.lunatic
@Htx.lunatic Ай бұрын
The funny part is if they were $0.99 in 1992 and are $0.99 cents in 2024, then they were kind of expensive in 1992
@rajibalam9748
@rajibalam9748 Ай бұрын
Note to self: buy more Arizona Iced Tea.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@celieboo
@celieboo Ай бұрын
I knew I wasn't crazy! I have been telling people that the price of Arizona Ice Tea has been 99 cents since the 90's! My husband is an avid fan of this tea.
@arlomoot1379
@arlomoot1379 Ай бұрын
My work charges 1.50 per can. I don't like charging people that.
@Kingnome
@Kingnome Ай бұрын
My old job pull that same 💩. I I brought my own drinks and snacks. My boss said I wasn’t a team player for buy at the job. I replied you aren’t a team player because you are over overcharging the players 🙃.
@redi6518
@redi6518 Ай бұрын
I've been drinking Arizona for years. It's the best deal at the gas station
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@libertyjayne
@libertyjayne Ай бұрын
FYI - Costco is publicly traded. I am a fan of Costco. They treat their workers well!
@Primo_extracts
@Primo_extracts Ай бұрын
I love Arizona drinks and I'm always grateful. They did a good thing and didn't change it. Great story so glad you brought this to the table.
@GEMINIEARTHWALKER
@GEMINIEARTHWALKER Ай бұрын
Jackson's and other convenience stores mark up the price to $1.79 and up, by purchasing AZ cans that don't have the 99¢ logo.
@spurgeonharper7231
@spurgeonharper7231 Ай бұрын
Greed is a choice!😕
@nomadiclasers
@nomadiclasers Ай бұрын
Which means ANY businesses that sell them for more than 99 cents is DIRECTLY profiting off of the price difference because what the CEO is basically saying is that he hasn't changed his wholesale prices to the retail establishments that sell the product. So, as an example, if Arizona sells their cans at 33 cents per can to retailers who should he charging 99 cents, but are choosing to charge $1.49... that means the retail business is pocketing that extra 50 cents because they know they can. I make it a point to avoid paying more than 99 cents for these drinks wherever I see them. If more individuals avoid buying the inflated product, the price will have to go back down in order to move the product or lose money trying to over price the product.
@paulmccarter908
@paulmccarter908 Ай бұрын
Fast food in CA is learning that lesson
@kaphish
@kaphish Ай бұрын
@nomadiclasers Arizona sells it to me for more than 65 cents a can. So of course there are stores out there that are trying to maintain their profit margins. I am still selling them for 99 cents. But how long can any business minimize their profits?
@nomadiclasers
@nomadiclasers Ай бұрын
@@kaphish That's a complicated question. Because while you (I'm assuming is a small business like myself) are doing what you can to keep your prices low (and cutting into your profits to do so), Walmart, Kroger's, etc are quadrupling their price margins and bragging about record profits while "complaining" that they NEED to do it because of inflation. There are a couple of bigger problems that may never be addressed that would ease, or possibly minimize these issues. Sadly, they require government overreach because the "free market" has proven that it refuses to control itself and maintain a balance with how all of this works (and is set up). Until the greedy ones are forced to not be able to be greedy, they will lead the charge to unnecessary pricing of most products out there. The absolute best thing for our economy to recover is for a mass shift to happen in the consumer industry where the consumer turns to the small business/artisan/etc to get their needs met. If the smallest of the small businesses can be overwhelmed with sales, they will grow (quickly) into medium and large sized businesses with more reasonable pricing across the board. The long and short of it is we have two options for this experiment to survive: reboot/reset it, or destroy and completely rebuild it. The only quantitative change we can expect to see these days are the kind that takes LOTS of work and longer periods of time. We've wasted our short term gain currency and have completely run out.
@jayfizzle7931
@jayfizzle7931 26 күн бұрын
The world is a better place because of this CEO. I buy them every chance I get because of him
@AG-sc6pm
@AG-sc6pm Ай бұрын
Awesome if only more did what this man and Costco do.
@jusdesireable3224
@jusdesireable3224 Ай бұрын
And watch when he dies the next generation will put it up 1000%. It's good to still see some decent ppl still exist
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@blackholesun5682
@blackholesun5682 Ай бұрын
They, the rich investment firms, are doing this to healthcare and housing, too.
@guardianwaldo
@guardianwaldo Ай бұрын
Im gonna go buy arizona as my primary drink choice from now on when u need my fix
@p.o.9964
@p.o.9964 Ай бұрын
Being from Arizona, I was like... Arizona Ice Tea from New York city! LOL I will continue to purchase their products over others. Some times I gotta love the privately held businesses. Hold your debts low. Save your cash to be more flexible in the market place. Debt is a tool, use it right or use it wrong. Looks like a lot of businesses have forgotten this rule. Love the humble business owners! I hope that they continue to make lots of money.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@BizznessBox
@BizznessBox Ай бұрын
I normally drink Snapple. From now on I’m an Arizona man.
@csm6701
@csm6701 Ай бұрын
I've been telling people for years that Arizona is truly for the people. They are a great brand. (Try the lemon tea)
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@csm6701
@csm6701 Ай бұрын
@@jasonhammond4301 I bought a huge can last week for .99 at the gas station...just my experience
@Lll20498
@Lll20498 Ай бұрын
Yes! We've been fascinated by the fact that Arizona tea has been 99 cents since we were kids. It's dang good tea, too. Give the man his flowers.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@CPcamaro
@CPcamaro Ай бұрын
Dude is worth $6.5 billion dollars... He's made plenty of money but it's cool that he's not arbitrarily raising the prices just because everyone else is. I wonder how well his employees are paid.
@spyderdogg6248
@spyderdogg6248 Ай бұрын
After your first billion why gauge
@tioswift3676
@tioswift3676 Ай бұрын
He pays minimum wage
@maknavickas
@maknavickas Ай бұрын
I haven't looked into it, but I would guess the vast majority of that wealth is from owning the asset that is the business. If the look at life in the simply black-and-white way with all rich being the enemy of all poors it makes it hard to find tenable solutions. For example if this guy realized all his "wealth" and then used that money for charity, he would be giving up his company to most likely either Pepsi, Coke, or worse a private equity firm and you would complain about him selling his company. You have to be careful of creating such a negative public opinion of wealth that the wealthy have no venue to help the overall society without being attacked.
@OhAwe
@OhAwe Ай бұрын
His employees are paid average amounts. That's the thing about capitalism; the remuneration for labourers is what people will accept, irrespective of what they're worth.
@youtubecruiser6819
@youtubecruiser6819 Ай бұрын
​​@@spyderdogg6248"why gouge" greed. Because that's what capitalists do. Sad but true.
@puppykitty6100
@puppykitty6100 Ай бұрын
well shit, an ethical CEO. So unicorns do exist.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@nickmanning3913
@nickmanning3913 Ай бұрын
I have never been into a store in Canada that sells these cans for 99 cents. Even when it says 99 cents in the can.
@toxichammertoe8696
@toxichammertoe8696 Ай бұрын
Because as you know the Canadian currency is less value the the U.S. dollar
@nickmanning3913
@nickmanning3913 Ай бұрын
@@toxichammertoe8696 fair point…but $4.99 does not account for the difference in currency.
@larryc1616
@larryc1616 Ай бұрын
❤Costco 🇺🇲
@doesntmatter3902
@doesntmatter3902 Ай бұрын
@@toxichammertoe8696 not to mention transportation and import costs
@nickmanning3913
@nickmanning3913 Ай бұрын
@@doesntmatter3902 funny how those transport costs don’t come across in Alaska for the same product…
@svenkampen1647
@svenkampen1647 Ай бұрын
American Media stunned by CEO not being a crook. Reporter: "But we did so much work to make americans believe that you're allowed to be a crook and accepting of it. Don't you have responsibility to other CEO's to rip of consumers?" CEO: "Uh...?"
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@SwivelIanJ
@SwivelIanJ Ай бұрын
This is why Arizona's the goat. And it's not the Costco model, it's the AriZona Model. AriZona Bev has been around longer than Costco.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@SwivelIanJ
@SwivelIanJ Ай бұрын
@@jasonhammond4301 still only 99cents in every city I've lived in.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
@SwivelIanJ besides the fact that even in the few places they still offer the can with the price mark they have been increasing the price stores have had to pay them for many years, they have been no longer offering the marked can to most stores, and charge a lot more for the unmarked can they mostly sell now. My store has to pay around 90 cents per can just to get them into the store at all. I can't find anywhere within a couple hours drive of where I live that still has the marked cans. Doesn't matter if the price of a product didn't change if it's no longer available in many areas, and got replaced with the same thing but more expensive. Arizona is not any less greedy than other companies, and has in fact raised their price point overall among pretty much all of their products, including the single 23oz cans.
@SwivelIanJ
@SwivelIanJ Ай бұрын
@@jasonhammond4301 sounds like you need to move. Every city I've lived in California, Arizona, Oregon, Washington, Idaho. 99 cents, in some cases you'll find AriZona cans without the price printed on them and those are the ones where the stores will charge more since there isn't the price printed on it. It was like that in the same states I mentioned. But the fact hasn't changed that they're still only 99 cents if you actually look. Hell the grocery store closest to me has them on sale right now for 79 cents. So if you're paying more, maybe look for a different vendor.
@Virgil_G2
@Virgil_G2 Ай бұрын
Good for him. It's unbelievable how out of control the corporate greed has gotten post pandemic. Especially when you figure in what a low percentage of revenue is paid to salaried workers that don't get bonuses in stock, a far cry from the way it used to be with RCA, Honeywell and the like decades ago. The major grocery producers are among the guiltiest, I hear that.
@Koomoa
@Koomoa Ай бұрын
But he can’t stop stores like 7-Eleven from increasing the prices. Cause it’s over two dollars where I’m at.
@user-pw6ol5ck1p
@user-pw6ol5ck1p Ай бұрын
That’s one of the reasons they started printing the $.99 on the can.
@Koomoa
@Koomoa Ай бұрын
@@user-pw6ol5ck1p the stores can order cans without the $.99 on them.
@rageinbull
@rageinbull Ай бұрын
I run a concession stand. They cost me .66 whole sale. We can't afford to sell them at .99 and pay our overhead.
@HappyBanjo-oc3pc
@HappyBanjo-oc3pc Ай бұрын
Good for you Don Vultaggio.
@realtalk5329
@realtalk5329 Ай бұрын
And no plastic pollution
@roxanaheath8098
@roxanaheath8098 Ай бұрын
I think I will start buying Arizona tea. And join Costco. Thanks for this information.
@JerseyEagle52
@JerseyEagle52 Ай бұрын
Thank you so much.
@WiiSpords
@WiiSpords Ай бұрын
“We’re going to fight as hard as we can for consumers, because consumers are my friend.” - Literally no one in the American economy, save for this absolute legend who is now my favorite person.
@Puiffanick
@Puiffanick Ай бұрын
Wait. These are no longer 99 cent in NYC. The price was raised here about a year or 2 ago. They are $1.25.
@ShawwwHa
@ShawwwHa Ай бұрын
I'm now a customer of Arizona. I'll buy my first tomorrow.
@Ferocious_Fairy
@Ferocious_Fairy Ай бұрын
I really like the Arizona green tea and recommend that! It has ginseng and honey in it. I think it tastes better than Lipton, Brisk and others that definitely cost more and just aren't worth the extra money. You can't go wrong trying it for only 99 cents! 😊
@ShawwwHa
@ShawwwHa Ай бұрын
@@Ferocious_Fairy Thanks for the recommendation 😀
@Ferocious_Fairy
@Ferocious_Fairy Ай бұрын
@@ShawwwHa You're welcome. I hope you enjoy it! But if you don't then at least you only wasted 99 cents and not more than that on another brand. I've also tried the Arizona fruit punch and watermelon flavors and didn't really like it all that much so I just stick with the green tea. 😊
@Ferocious_Fairy
@Ferocious_Fairy Ай бұрын
@@ShawwwHa Oh also, I like the pretty cherry blossoms on the green can and it's cool that Ana said the CEO's wife designed it. I didn't know anything about the Arizona tea company before watching this TYT video and I feel better about giving my money to a corporation that isn't jumping on the greedflation and shrinkflation BS bandwagon.
@SteadilyGrinding
@SteadilyGrinding 27 күн бұрын
Try the "Lemon Iced Tea" one, if you can find it... They have so many flavors.
@donstaples4812
@donstaples4812 Ай бұрын
And, most of his products are in recyclable glass or metal, not plastic.
@noheroespublishing1907
@noheroespublishing1907 Ай бұрын
My brother said this years ago "You know the economy is a joke. Look at Arizona Tea."
@JRSully89
@JRSully89 Ай бұрын
Except for their $1.69 for smaller bottle that they did. You can still get the can until they run out. And gas stations have raised the cans to 1.25 to 1.50.
@henryliu5566
@henryliu5566 Ай бұрын
That's on the gas station.
@JRSully89
@JRSully89 Ай бұрын
@@henryliu5566 if they were true to there statement they would speak out about it. They have succumbed to the shrinkflation as every other brand did. I can post proven pics tomorrow to prove their statements are in fact false. If said place even carries their teas outside of the last 99 cent cans before they're gone forever.
@heiliger1000
@heiliger1000 Ай бұрын
When asked if he would ever raise the price, he was honest and said at least not in the foreseeable future. I can respect his honesty. He could have easily said he'd never raise prices then raise prices and gaslight people later about it or act like he never said it. Honesty and genuineness is rare in this world. That Arizona Tea is absolutely delicious.
@luisdavidllense2293
@luisdavidllense2293 Ай бұрын
I've switched from Pure Leaf (Pepsi Co) to Arizona myself. A lot of variety, and love their pricing. Also, NOT on the BDS list (and made in America!). Best choice.
@skepticalmind2260
@skepticalmind2260 Ай бұрын
Publicly traded companies are the worst at this, profit driven greed built-in.
@scott_forgot9875
@scott_forgot9875 Ай бұрын
So they were price gouging so hard originally that they can still turn a profit on the original price 25 years later.
@tooturtly
@tooturtly Ай бұрын
hahahhaha. they were cheap even back then. :) that's hilarious though.
@kamifuujin
@kamifuujin Ай бұрын
Their competition sold smaller drinks at a similar price. This type of thinking and lack of awareness is why people think the left is a joke. The information is a search away and instead you make shit up.
@Sarai_Anna_bornagain
@Sarai_Anna_bornagain Ай бұрын
He shows you can be successful without gouging your consumers
@ShanetheFreestyler
@ShanetheFreestyler Ай бұрын
Don's like one of the very, very few CEOs out there who are actually GOOD guys!
@tayloranderson456
@tayloranderson456 Ай бұрын
they're selling cheap sugar water so that's not doing anyone any favors except dentists
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@FunnyOne.Liners
@FunnyOne.Liners Ай бұрын
Corporations are not people... But he is. God bless my friend & neighbor.
@bloodink9508
@bloodink9508 Ай бұрын
Arizona beverage better than Arizona government.
@ejkk9513
@ejkk9513 Ай бұрын
I love this CEO! He is a billionaire, and he's very content with that. I've been a fan of Arizona and the owner for a while now. He runs a PRIVATE company. That's key.
@antclerfont8478
@antclerfont8478 Ай бұрын
Hell yeah, owner of Arizona does something these competitor companys unfortunately DON'T DO.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@antclerfont8478
@antclerfont8478 Ай бұрын
@@jasonhammond4301 In corporate places yeah, I can see that. But... They're not like most Corporate price gougers....
@jasonhammond4301
@jasonhammond4301 Ай бұрын
@@antclerfont8478 they did gouge though
@redpapa859
@redpapa859 Ай бұрын
He made it very clear his company's debt-free and everything is paid for there's not one company on the stock market who can say that
@jetman80pops
@jetman80pops Ай бұрын
There are a few convenience stores in the area that actually price sticker over the 99 cents on the can and sell for more.
@gamenightwithjamiibo
@gamenightwithjamiibo Ай бұрын
I have so much respect for him! Most companies use the pandemic and inflation as an excuse to price gouge. Not only do they raise the price but also give us less and lower quality products. I’ve noticed a drastic decline in quality of some of the food I buy.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price did go up, though
@joeyluckey418
@joeyluckey418 Ай бұрын
The distributors still do lol. I work in retail management and remember when stores stopped carrying the cans because they cost more than we could sell em for
@user-zn7nx7zn4t
@user-zn7nx7zn4t Ай бұрын
He has a lot of advantages. First, as he said, his company still owns its assets. Once those are paid off, you only need to incur maintenance costs to keep going. Property and other taxes are fairly small. Utilities (especially water prices) going up will hit, but probably not to an extreme amount on a per-can basis. It also helps that beverages (especially tea) are super high margin.
@erich6860
@erich6860 Ай бұрын
The biggest advantage,,, no stock holders to answer too.
@joelcuerrier4833
@joelcuerrier4833 Ай бұрын
I had this exact issue recently going to the corner store. They removed all cheap options to the point that beer is cheaper than most anything else. The small can of soda is gone completely. That use to be the cheap option. Instead now, they got a larger soda can for 2.50$. Most other things that cost 2.50 are 2 for 5$ "bargain". I don't want two, I just want something to drink. Water was not available in smaller container at a cheap price. After checking all options, I came to realize nothing I could buy was under 2.49$ for a single serving drink. A small bottle of apple juice was 4$, this is a ridiculous amount when a full size bottle at the grocery cost 2-3. A smaller milk was also 2.49$. That was the minimum price for any drink. I did not realize it was that bad. Before the inflation spiral, you'd still find drinks for 1 to 1.50. The small soda can was around that. The small water bottle was around that. Now nothing under 2.50. Removing cheaper options on purpose like the small soda can and the small water bottle... and of course no Arizona Iced Tea.
@NeverBestStudio
@NeverBestStudio Ай бұрын
The reporters face says it all, loves the greedy companies that extort their customers. Pathetic.
@marzinjedi6437
@marzinjedi6437 Ай бұрын
I lost seventy pounds drinking Arizona iced tea Arnold Palmer half an half lemonade with Chinese food and coffee ☕️ and no soda 🥤 for six months and boom 💥 ten inches from my pant size and from 4x to extra large ! Most effective and delicious diet ever !
@michaelmeandros551
@michaelmeandros551 Ай бұрын
And his company never got a bailout, isn't subsidized by tax money, and minimum wage has gone from 3 to 15 dollars. And its stayed profitable at that (usually) same low price. We need him in congress!!
@juju2345
@juju2345 Ай бұрын
We make art from the cans! 🖼️
@djmajestic2196
@djmajestic2196 Ай бұрын
Please send this to the Dollar Tree. What use to be $1 is now $1+. What adds insult to injury is that the the products are getting smaller in volume, but prices are going up. Ex.: Stars & Stripes Soda. It started out at 3 Liters. They lowered the volume to 2.75, now it is 2 Liters like a regular soda. Talk about corporate greed.
@kaydavis8587
@kaydavis8587 Ай бұрын
Dollar tree is just like family dollar; they both mean a family of dollars.
@petraalexander9269
@petraalexander9269 Ай бұрын
Love this. TYT should feature businesses like this from time to time.
@yesfredfredburger8008
@yesfredfredburger8008 Ай бұрын
TLDR: Low operating costs are more important than high profit margins, over a long enough period of time. This generates loyalty from your customers, and also protects you from market risks
@donmacmilly
@donmacmilly Ай бұрын
Anytime i go to a store and it's more than $1 i just leave to another store. They still go for a dollar it's the stores raising the price
@rageinbull
@rageinbull Ай бұрын
Because they cost around .65-.70 whole sale. You can't expect a retailer to sell them for a quarter profit.
@rageinbull
@rageinbull Ай бұрын
@@Anthony-bq8yd you would not be able to cover your labor and overhead and God forbid make a small profit to live on. 12oz sodas are about the same price for whole sale and I sell them for $1.5. It’s still hard to make it work with those margins
@jame950
@jame950 Ай бұрын
People are starting to sell arizona cans for up to 2 dollars now though
@galacticwarlock2271
@galacticwarlock2271 Ай бұрын
I am all for it. Consumers are my friend. Costco, Chick-Fil-A, In' N' Out have the best model. Once you are publicly traded you are done. These companies prove you can have both quality & success.
@_Andale
@_Andale Ай бұрын
"I'm just not going to buy groceries because I can't afford it." We live very different lives Ana.
@TheLastLineLive
@TheLastLineLive Ай бұрын
Arizona tea may not be the best tea, but it is one I am still gonna buy very regularly because they are very pro consumer and fairly priced. Almost every other company has been chomping at the bit to find any excuse to raise prices.
@belindarosegold
@belindarosegold Ай бұрын
They cost 79 cents at CostCo
@xx133
@xx133 Ай бұрын
No, the point of democracy is to ensure no one should have that much pow… Kings shouldn’t exist, not even benevolent kings.
@michaelvelasquez3988
@michaelvelasquez3988 Ай бұрын
Makes me feel so good about all that Arizona tea I have been drinking
@Essayons92
@Essayons92 Ай бұрын
If more companies stopped trying to expand to fast by getting large amounts of debt they wouldn’t have to raise prices so much. Greed is out of control.
@erich6860
@erich6860 Ай бұрын
You know, I'm not sure that taking on debt is the problem. I think the stock market it. My reason,,, a loan from a bank is temporary,,, you pay it off after a specific time, no more debt. Your payments never change, and the bank is not going to fire you as long as you keep making those set payments. The stock market however, demands higher profit every year, and will never,,, ever,,, not want their money. If you fail to meet these,,, your fired.
@roseorozco1384
@roseorozco1384 Ай бұрын
Time to support Arizona drinks !!
@wilbureisenhower4460
@wilbureisenhower4460 Ай бұрын
He’s the GOAT for sure 👏👏👏🔥🔥🔥
@erich6860
@erich6860 Ай бұрын
I think Huey Fong,,, the hot sauce company did the same thing for as long as they could.
@anthonyrowland9072
@anthonyrowland9072 Ай бұрын
Somebody gets it, the "IT'S FINE" realization...
@krystletidwell9287
@krystletidwell9287 Ай бұрын
Can I say how much I love that Cenk has stopped screaming all the time? It pleases and sparkles and I've been meaning to say how much I love the change. So, I love it! I love not being yelled at while I'm listening to my news.
@Monyornothin
@Monyornothin Ай бұрын
Yes stores are allowed to charge more and if you look at the website it does say 99 cents is suggested retail price.
@RB-yt6rx
@RB-yt6rx Ай бұрын
I love arizona tea its pretty damn good. I get the green tea and mix in a little peach juice i have. Its amazing
@docmychedelic9153
@docmychedelic9153 Ай бұрын
Those cans now sell for a minimum 1.49 in Jersey.
@mstreemoon8117
@mstreemoon8117 Ай бұрын
1.29 -1.49 depending on the store in NC
@docmychedelic9153
@docmychedelic9153 Ай бұрын
@@mstreemoon8117 He did a commercial with Ryan Reynolds about the price staying the same, to advertise his cell phone company doing the same thing. A month later the cans no longer had 99¢ printed on them., and stores raised the price.
@somchai272
@somchai272 Ай бұрын
Perhaps TYT can get a sponsorship from them. The channel is struggling financially.
@TazKidNoah
@TazKidNoah Ай бұрын
That's it, I'm buying Arizona. It's american made not from arizona but the company is american let's go😮 Costco is aussie dont be fooled😂
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago.
@michaelstarina9675
@michaelstarina9675 Ай бұрын
Now that is a good man!
@walterkeith3711
@walterkeith3711 Ай бұрын
I'm a Republican voter but these business practices i agree with this is real free market
@Jacob-nu4nd
@Jacob-nu4nd Ай бұрын
Well, you support a party they doesn’t think like you at all. Korporate profits, and given money to shareholders is the main cause of inflation. But the Republican party likes to blame it on the little people.
@fightwithonefilms
@fightwithonefilms Ай бұрын
This video is out of date. The price isn't printed on the cans anymore. Stores can charge what they want
@Antimonkat
@Antimonkat Ай бұрын
and they do, they are usually $1.19 or $1.29 now in many regions for over a year now.
@cheyennehunter3087
@cheyennehunter3087 Ай бұрын
Bless him
@arnedomi
@arnedomi Ай бұрын
will definitely buy that if i see it now
@JohnnyProctor9
@JohnnyProctor9 Ай бұрын
They sell them at pretty much every gas station and Walmart in every state that I've been in...not sure if they've made it overseas yet or what other countries it might be sold in.
@jasonhammond4301
@jasonhammond4301 Ай бұрын
The price has in fact gone up, it did so years ago
@guyolive1071
@guyolive1071 Ай бұрын
I’ve just become a loyal Arizona ice tea fan. There are some decent people left
@jasonhammond4301
@jasonhammond4301 Ай бұрын
Loyal arizona fans know the price has been increased
@guyolive1071
@guyolive1071 Ай бұрын
@@jasonhammond4301 Still more ethics than 99% of American businesses
@victororona5445
@victororona5445 Ай бұрын
He doesn't answer to shareholders as a private company. So he doesn't need to be greedy.
@steelwayne
@steelwayne Ай бұрын
I skip the cans and only buy the 1 gallon Arizona green tea. It tastes better if you refrigerate it before consuming it.
@timward3116
@timward3116 Ай бұрын
It's the difference between the greed of Wall Street and the ethics of Main Street, between investors and entrepreneurs, and between parasites and contributors. I used to love Arizona Ice Tea (before I limited my caffiene to two cups of coffee/day)!
@rageinbull
@rageinbull Ай бұрын
He doesn't set the end price. The retail out let does and the they charge more than .99. When I go to a whole sale warehouse they charge .65-.75 a can. You can't run a business making a quarter profit. If someone steals a couple you've lost you whole margin. This whole story is complete BS.
@convinceme6960
@convinceme6960 Ай бұрын
Lol a couple
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