Posted on 08/15/2024 7:13:23 AM PDT by SeekAndFind
* Vice President Kamala Harris will propose the first-ever federal ban on “corporate price-gouging” in the food industry, her campaign announced.
* Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers.
* The ban is part of a broader effort by the Democratic presidential nominee to respond to voters’ ongoing frustration with the high cost of meat and groceries.
“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign said in a statement. “Americans can see that difference in their grocery bills.”
The proposed ban is part of a broader economic policy platform that the Democratic presidential nominee plans to unveil Friday at a campaign rally in battleground North Carolina.
Harris will also pledge that if elected president, she will direct her administration to increase scrutiny of potential mergers between large supermarkets and food producers, “specifically for the risk that the proposed merger would raise grocery prices for consumers,” her campaign said.
This package of regulatory proposals is one of the Harris campaign’s earliest efforts to outline an economic platform that is independent of President Joe Biden’s agenda.
Before Biden abruptly dropped out of the race in July and endorsed Harris, he had spent more than a year campaigning for reelection and blaming corporate greed for consumer prices driven higher by inflation.
Harris’ plan still sits firmly within the overall Biden approach to regulation, however, which has prioritized consumer protections across a range of industries and sued to block several massive corporate mergers.
(Excerpt) Read more at cnbc.com ...
For those who don’t know...
In March, the White House launched the Strike Force on Unfair and Illegal Pricing, a joint initiative between the Justice Department and the Federal Trade Commission.
On Friday, Harris will single out the meat industry, saying that “soaring meat prices have accounted for a large part of Americans’ higher grocery bills, even as meat processing companies registered record-breaking profits following the pandemic,” according to the statement from her campaign.
Welcome to North Venezuela.
What price gouging?
The corporate mediots will praise this as “moving to the center.”
didn’t Jimmy Carter try that...I think they called it Voluntary Wage and Price controls...it ended up making inflation worse. IIRC
Does she want food shortages? Because that’s how you get food shortages.
Great, government price controls - those have always worked out so well in the past when tried by Communist nations.
Ah, what’s next? Of course, price controls!! because they have always worked so well
Taxes are price gouging. It’s only a question of how much.
1. Horrible idea that will create shortages and higher prices
2. Don’t let her pretend she has nothing to do with the current state of affairs.
Price controls will lead to shortages, any coincidence the meat industry is being singled out in this day and age of climate change
This idea is like the farmers being singled out for the use of nitrogen in fertilizer
This is simply a war on food production in the name of climate change using the public’s ignorance against them
Groceries have some of the slimmest profit margins by retailers. They make up for this in volume.
Telling grocers what they HAVE to charge will kill many of them, especially the small ones.
In the Soviet Union people line up for bread
In the West bread lines up for people
She’ll need a Wage and Price Control Board to go with it, as she recycles failed old Nixon policies.
What will the price of bread be in 2027? I’m sure the government can figure that out nationwide. What sn idiot.
Get ready for empty grocery shelves. Thats what price controls do. The next step is nationalization of industries including oil and food production.
No thank you you dumb commie.
Price controls wherever they have been tried in history, from Emperor Diocletian to Soviet Russia, have produced shortages and even mass starvation. This is Harris once again showing her ‘red side.’
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