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The profit margin for supermarkets is only 1.6%. Kamala Harris said that's "excessive," and she wants to impose price controls on food. Either she wants to cause food shortages, or she's too dumb to understand Economics 101. Which is it?
Twitter ^ | August 16, 2024 | Daniel Alman from Squirrel Hill @DanielAlmanPGH

Posted on 08/16/2024 9:39:06 AM PDT by grundle

Daniel Alman from Squirrel Hill @DanielAlmanPGH

The profit margin for supermarkets is only 1.6%.

#KamalaHarris said that's "excessive," and she wants to impose #PriceControls on food.

Either she wants to cause food shortages, or she's too dumb to understand #Economics 101.

Which is it?

https://washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

#Communism


TOPICS: Miscellaneous
KEYWORDS: pricecontrols; pricegauging; pricegouging
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To: grundle

All food stores should be government owned and run.
Only 2 kinds of cereal .
1 bag of sugar every 8 months.
Your ration card will keep track.
All hail Comrade Kamala


21 posted on 08/16/2024 9:56:03 AM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: grundle

By the way, if the ‘Rats get traction with this - they’re going to print WAY more money! Why wouldn’t they, now that they have someone else to blame?


22 posted on 08/16/2024 9:57:57 AM PDT by Empire_of_Liberty
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To: grundle

Not just price control.

She will have to couple that to wage control as well; wages are a major input in setting prices.

Another thing she doesn’t understand; increasing minimum wage increases all wages and will work against her price control.

Another thing; printing trillions for profligate spending will work against her price control armature.

Another thing; she will need a lot of guns and badges to enforce rationing and to conduct war against the black market.


23 posted on 08/16/2024 10:01:35 AM PDT by jeffersondem
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To: grundle
She's a subversive commie.
24 posted on 08/16/2024 10:02:11 AM PDT by HIDEK6 (God bless Donald Trump)
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To: grundle

Both


25 posted on 08/16/2024 10:03:09 AM PDT by piytar (Remember Ashli Babbitt and Rosanne Boyland!)
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To: grundle
American supermarkets in 2025, courtesy of the Harris/Walz administration


26 posted on 08/16/2024 10:03:33 AM PDT by COBOL2Java (The country bounces along like Custer on the way to Little Big Horn, thanks to Dear Leader)
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To: 9YearLurker

Just like Biden. She’s a puppet of the Deep State.


27 posted on 08/16/2024 10:03:58 AM PDT by piytar (Remember Ashli Babbitt and Rosanne Boyland!)
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To: grundle

Her proposal has nothing to do with economics, and everything to do with power, both its acquisition and its retention. Tim is the perfect compliment to her.

Are the voters foolish enough to vote for a Chavez/Maduro style government? Because that’s what she is proposing.


28 posted on 08/16/2024 10:05:07 AM PDT by Belteshazzar
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To: grundle

Harris and Walz are also too stupid to know that once their usefulness to the Deep State is over they will be Bidened (new term) at best.


29 posted on 08/16/2024 10:08:51 AM PDT by piytar (Remember Ashli Babbitt and Rosanne Boyland!)
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To: Belteshazzar

Yes. Many of them are that stupid. And to be blunt, i won’t cry because these idiots will get exactly what they voted for.


30 posted on 08/16/2024 10:09:58 AM PDT by piytar (Remember Ashli Babbitt and Rosanne Boyland!)
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To: grundle

VP Walz has Stalinist communist balls. He wants to call the shots for Kammy dumbass. I think he will succeed some of the time. If they beat Trump-Vance.


31 posted on 08/16/2024 10:12:11 AM PDT by dennisw
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To: grundle

Well, I guess we better stock up on toilet paper or we’ll be standing in line for it, just like the Russians did back in the day.


32 posted on 08/16/2024 10:16:37 AM PDT by unread (I pledge allegiance to the flag of the United States of America, and to the REPUBLIC..!)
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To: grundle

Both


33 posted on 08/16/2024 10:21:28 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: grundle

I have the choice of probably 10 or more
full size grocery stores within an hours drive.
I live in very rural Hawaii.
I guarantee you they make very good money,
however it is the distributors/wholesalers
that make all the money and essentially set the prices.
Stores have to deal with the public. Distributors and wholesalers don’t have to, and refuse to deal with the public.

I get most all my non-perishable food items from Amazon or from other on-line suppliers, delivered to my home cheaper than local stores that I must drive to.
I have space and money to buy things in bulk.
Most people don’t.


34 posted on 08/16/2024 10:22:27 AM PDT by rellic (rough)
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To: grundle

Someone once said “never attribute to malice anything that can be adequately explained by stupidity”... so, I’ll go with stupid on this one.


35 posted on 08/16/2024 10:24:32 AM PDT by BuchananBrigadeTrumpFan (If in doubt, it's probably sarcasm)
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To: MikeHu

Cost of fuel to the farmer, rancher, or trucker. Fuels up 50 per cent
Cost of energy to process, refrigerate, and run the store .. up.
cost of goods rise because .. drum roll please...
corporate price gouging.
The Idiot has spoken.
She is and always will be Joe Bidens straight man.


36 posted on 08/16/2024 10:27:07 AM PDT by Waverunner
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To: unread

“Family cloths” Look it up.
If you every dealt with cloth
diapers you’d understand the
drill.


37 posted on 08/16/2024 10:29:19 AM PDT by rellic (rough)
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To: grundle

Dependence and control is and has been their end game for quite some time now.


38 posted on 08/16/2024 10:31:13 AM PDT by jughandle
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To: grundle

Prices controls don’t work.
1. They punish owners who still have to pay suppliers, producers, etc.
2. They lead to lower quality as corners are cut to fill orders more cheaply.
3. They cause people to buy more of cheaper items, so shelves empty and owners have no reason to restock


39 posted on 08/16/2024 10:32:24 AM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: grundle

She wants to shift the blame from her and Biden


40 posted on 08/16/2024 10:32:30 AM PDT by 728b (Never cry over something that can not cry over you.)
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