Posted on 08/21/2024 2:44:03 PM PDT by E. Pluribus Unum
Vice President Kamala Harris threw her support behind a federal ban on price-gouging in the food and grocery industries last week. It was the first official economic policy proposal of her presidential campaign, and it was pitched as a direct response to the high price of putting food on the table in America today.
“To combat high grocery costs, VP Harris to call for first-ever federal ban on corporate price-gouging,” the Harris campaign proclaimed in the subject line of a news release last week, ahead of a speech laying out the first planks of her economic agenda.
It is still impossible to say, from publicly available details, what exactly the ban would do. Republicans have denounced the proposal as “communist,” warning that it would lead to the federal government setting prices in the marketplace. Former President Donald J. Trump has mocked the plan on social media as “SOVIET Style Price Controls.”
Progressives have cheered the announcement as a crucial check on corporate greed, saying it could immediately benefit shoppers who have been stunned by a 20 percent rise in food costs since President Biden took office.
But people familiar with Ms. Harris’s thinking on the ban now say it might not resemble either of those characterizations. The ban, they also suggest, might actually not do anything to bring down grocery prices right now. Those who spoke about the strategy behind the emerging policy did so on the condition of anonymity.
(Excerpt) Read more at nytimes.com ...
..Those who spoke about the strategy behind the emerging policy did so on the condition of anonymity...
These people are simultaneously hilarious and terrifying.
We’re too stupid to comprehend her massive plan.
Trying to tinker with prices by command results in shortages. Who is going to make something where they have to sell it at a loss?
When this dumb HO states this nonsense, all I can think of is how many idiots will buy this BS when everyone saw prices start going up as soon as these retards killed Keystone and limited our energy extraction/distribution.
The left keeps trying to weasel out of reality, but everyone needs to keep reminding these lying sacks of shiite that they are the ones directly responsible for inflation, not corporate “Price Gouging”.
This entire bout of nonsense is nothing but the leftards attempting to rewrite history in their favor.
Isn’t she part of the current administration? Why wait until January? She COULD have been working on this for the past 3 1/2 years.
“This entire bout of nonsense is nothing but the leftards attempting to rewrite history in their favor.”
Why wouldn’t they? They run the history departments now.
What corporate price gouging?
If we had an honest media, they wouldn’t even try.
Having the press cover for your lies is a significant issue.
Fortunately, we’ve arrived at a time in history where the press can be bypassed for accurate (enough) information.
They may run the history departments, but they may not always, and what transpires now due to their lies may end our history as we know it anyways. Doesn’t matter to me too much what future slaves have to say about our current dilemma.
Only thing that matters is getting as many rational and sane people to comprehend right here and now what the true issue with our economy is. Too many just don’t pay attention, but when they do, most usually reject the absurd propaganda.
When governments raise capital gains taxes, corporate taxes, income taxes, property taxes, taxes on unrealized capital gains....it is called fairness...
If Post could sell cereal for substantially less than General Mills they would. It is not like all these companies collude to keep prices high. They want to crush the competition. Same goes for all private businesses.
How about “Big Education” gouging?
After all, schools get more and more tax dollars and Higher Ed get higher tuition costs but the results is a dumber electorate!
Oh, they’re on the “right side”!
it just sounds full commie
but its not
trust us
” If prices do not rise in response to strong demand, new companies may not have as much inclination to jump into the market to ramp up supply.”
First, you have, in many cases, the doubling of wages or at least, large increases. When wages go up, commodities from housing to food go up. Property taxes, insurance and store lease fees increase, making it difficult to size-up operations. For prices to go down either there needs to be more suppliers entering the market who have less overhead costs, or the entire downline needs to go lower. Maybe Harris can order counties to lower their property taxes and utilities to half their rates???.....
and Second, when the US population increases by 10% in less than 5 years because of illegal migration, there’s more demand.
As Trump correctly said, bacon has increased in price 4 or 5 times. Everybody wants bacon for breakfast or for their burgers but there are only about 4 companies producing it and everyone from meat packers to truck drivers to grocery workers now have higher wages. Demand at the store is higher because people are passing on fast food which is crazy expensive, and cooking those bacon burgers at home. Toilet paper and other paper products, also are crazy expensive but the enviroweenies won’t let paper producers cut trees.
Harris doesn’t like chip bags filled with air but that air helps keep chips from being crushed into itty-bitty pieces. I don’t like my chocolate chip cookies shrinking to elf size either but the weight is on the front of the package. No big surprise just a question of can I afford store bought or do I go home and make my own bigger cookies? Do I buy trucked in produce, do I go to a farmer’s market, or do I grow what I can at home?
He did no such thing. He merely pointed out the TRUTH of the matter. The truth is poison to NYT and all libs and progs.
Well, Pfizer’s net profit was something like 140% during the pandemic. (I think it is negative something now.)
Banks and credit cards are typically around 30%. Oil and gas is 10 to 15%. Krogers was less than 2% for 2023.
If the Vice Prostitute wants to see Price Gouging, look at GOVERNMENTS NATIONWIDE and BUILDING DEPARTMENTS.
I just figured it was a stupid publicity stunt with no substance and no basis in reality.
I'm Carlos Slim and I approve this fabrication.
“Only thing that matters is getting as many rational and sane people to comprehend right here and now what the true issue with our economy is.”
I think that’s doomed. The masses don’t and won’t ever understand economics. It’s just beyond them, even though the basic rules are very simple, I think applying those rules and taking into account all the variables and endless ripples is too much for most to wrap their heads around. Then throw in the fiat money stage magic and you can forget about it.
Better to just have people who do understand economics gain the public trust and tell them they are being screwed. People can understand that much at least.
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