Kamala Wants Price Controls on Groceries, Venezuelan-Style

[LeroyDumonde]

Speculative shortages. You are guessing. Hoping most likely.

Speculative in the same way that gravity is speculative.

 

[skye]

How can she even do that? I guess it’s her attempted step toward “you will own nothing, and be happy about it.”

yes

 

[Freedomisneverfree]

What's with KumWhore Shit stain brown colored polyester suits?

 

[IM2]

The problem I notice when speaking with liberals is that they have been so brainwashed to believe Trump “is a threat to democracy” (they all use that same phrase) that they brag they don’t CARE that Kamala is a complete idiot, and is the most unqualified person to ever run for office -which they admit. They insist that anyone - even someone with dementia - would be better than Trump.

The brainwashed support Trump. Trump has dementia, Harris is more qualified than Trump even as Trump has been president. But shes black so I guess she was just given that Attorney General position or that Senate position because the voters had black favoritism..

 

[IM2]

yes



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Nice photoshpped image of this empty store during COVID.

But lets not be unburdened by what has been.

Yes, let's not be unburdened by what has been.

 

[Lisa558]

yes



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Yup. Having adequate food is such a burden.

 

[HikerGuy83]

Corporate profits have contributed disproportionately to inflation. How should policymakers respond?

The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything in the U.S. economy can be broken down into the three main...

www.epi.org

I enjoyed reading this in a so-called economics blog:

• It is unlikely that either the extent of corporate greed or even the power of corporations generally has increased during the past two years. Instead, the already-excessive power of corporations has been channeled into raising prices rather than the more traditional form it has taken in recent decades: suppressing wages. That said, one effective way to prevent corporate power from being channeled into higher prices in the coming year would be a temporary excess profits tax.

The market clears to price. This is coming out of COVID. This guy wants to tax the excess profits. Guess what....you still pay the same price....and possibly a higher one. Once the government gets that tax in place....it never goes away. Regardless, the consumer is still paying the higher price.

What a moron.

 

[Dante]

Kamala Harris Endorses Nixonomics​

https://www.wsj.com/opinion/kamala-harris-economic-plan-price-controls-housing-child-tax-credit-richard-nixon-a37e08b4?st=7e4vc7sjsa801gh

We wrote Friday that Kamala Harris was likely to continue President Biden’s unfinished Build Back Better agenda, but it turns out we were far too optimistic. The policy priorities the Vice President laid out Friday are much worse, including a plan to impose national price controls on food and groceries.

Ms. Harris’s political problem is that the Biden-Harris economic policies have delivered inflation and declining real incomes. The high price of food is a particular sore point, and the Vice President’s response is to make it worse by resorting to Venezuelan-style left-wing populism. That’s no exaggeration.

On Friday she floated a “first-ever federal ban on price gouging on food and groceries,” including “new authority” for the Federal Trade Commission and state attorneys general to punish companies for charging too much.
This sounds like legislation introduced by Sen. Elizabeth Warren that would ban “grossly excessive prices” as determined by the Federal Trade Commission. Business violations would carry a penalty of up to 5% of annual revenue. This would effectively let the FTC set prices. But what is an excessive price? Is $4 too much for a gallon of milk in Omaha? Is it a different price in Miami? FTC Chair Lina Khan and her army of bureaucrats would presumably decide.

This is perfect.

She's a moron. She knows nothing. And she picked a VP that is stupid as she is.

You ever hear about what happened with Rent Control (no supply) or Gas Price Freezes (long lines).

Price is what clears the market. Harris does not understand that increasing the money supply pushes up prices. She's done it already. If she trys this, then she's going to likely see prices go up. That or the products wont be available. Like waiting in line for bread like they do in Russia ?

I never thought the day would come where we'd put a full-on retard in the W.H. With Bush we got close.

Wow! Damn facts gonna get in the way.

One of Kamala Harris' most controversial policy proposals is a ban on grocery price gouging — critics are conflating the idea with Soviet-style price controls, and calling the plan "Kamunism."

Why it matters: If banning price gouging is communist, then the U.S. went Marxist long ago. Most of us live in states that already have bans in place.

State of play: Harris hasn't provided much detail. That's led to wild speculation about what the plan could mean, including opinion pieces expressing fears that retailers won't be able to, say, set the price of a gallon of milk, and that it would lead to widespread shortages, black markets and hoarding.

But that's just not how anti-price gouging policies work in the U.S., nor does it line up with the language in a draft bill banning price gouging nationally, sponsored by Sen. Elizabeth Warren (D-Mass.).

That bill largely mirrors state laws — but is limited to companies with at least $100 million in revenue — and some experts are pointing to the legislation as close to what a Harris administration would propose.

Zoom in: 38 states, including the most populous like Texas, California and New York, prohibit companies from jacking up prices during emergencies — think bans on selling $10 bottles of water after a major hurricane.

https://www.axios.com/2024/08/20/price-gouging-kamala-harris-communism-kamunism

 

[Oddball]

yes



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[HikerGuy83]

Wow! Damn facts gonna get in the way.

One of Kamala Harris' most controversial policy proposals is a ban on grocery price gouging — critics are conflating the idea with Soviet-style price controls, and calling the plan "Kamunism."

Why it matters: If banning price gouging is communist, then the U.S. went Marxist long ago. Most of us live in states that already have bans in place.

State of play: Harris hasn't provided much detail. That's led to wild speculation about what the plan could mean, including opinion pieces expressing fears that retailers won't be able to, say, set the price of a gallon of milk, and that it would lead to widespread shortages, black markets and hoarding.

But that's just not how anti-price gouging policies work in the U.S., nor does it line up with the language in a draft bill banning price gouging nationally, sponsored by Sen. Elizabeth Warren (D-Mass.).

That bill largely mirrors state laws — but is limited to companies with at least $100 million in revenue — and some experts are pointing to the legislation as close to what a Harris administration would propose.

Zoom in: 38 states, including the most populous like Texas, California and New York, prohibit companies from jacking up prices during emergencies — think bans on selling $10 bottles of water after a major hurricane.

https://www.axios.com/2024/08/20/price-gouging-kamala-harris-communism-kamunism

Yes....I think I highlited that asked why she needed to do what states are already doing.

You are pretty stupid.

See...from there you have to ask....if 38 states had price gouging laws......did the not suffer from inflation ? Well, they did. As EVERYONE knows. It's pretty universal. So from there you say....well either the laws don't work (but Harris wants another law that doesn't work so she can cover her ass for being the cause) oooooooorrrrrrrrrrrrr.....there is no price gouging.

Pretty simple.

Dumbass.

 

[Slade3200]

Yes....I think I highlited that asked why she needed to do what states are already doing.

You are pretty stupid.

See...from there you have to ask....if 38 states had price gouging laws......did the not suffer from inflation ? Well, they did. As EVERYONE knows. It's pretty universal. So from there you say....well either the laws don't work (but Harris wants another law that doesn't work so she can cover her ass for being the cause) oooooooorrrrrrrrrrrrr.....there is no price gouging.

Pretty simple.

Dumbass.

She’s making a populist argument… standing up for the consumers against companies ripping them off. It’s not a realistic policy.

It’s like most of Trumps stuff. Rally against the big bad gov with no real plan on how to actually fix things. Just get the people riled up.

 

[Lisa558]

She’s making a populist argument… standing up for the consumers against companies ripping them off. It’s not a realistic policy.

It’s like most of Trumps stuff. Rally against the big bad gov with no real plan on how to actually fix things. Just get the people riled up.

Her anti-capitalist ignorance will lead right to food shortages.

 

[Slade3200]

Her anti-capitalist ignorance will lead right to food shortages.

How so?

 

[Lisa558]

How so?

Forcing a grocery store to charge only $4 for a product that costs them $3.97 will lead them to not wanting to carry that product because they can’t make enough of a profit to warrant the effort.

Eventually, they stop selling lots of products, and the government swoops in with rationing. Next step is for the government to take over the means of production entirely, quality of course drops, and people go hungry.

 

[HikerGuy83]

She’s making a populist argument… standing up for the consumers against companies ripping them off. It’s not a realistic policy.

No company is ripping them off. It's simply supply and demand.

If you arbrittarily raise prices, your product sits on the shelf.

If that was not the case, why doesn't McDonald's raise the price of a big mac to $20 ?

And kudos to you for admitting it isn't realistic.

Rally against the big bad gov with no real plan on how to actually fix things.

What's to fix ?

Except maybe the deficit.

He won't "fix" it, but it won't be as bad under Biden.

 

[Lisa558]

No company is ripping them off. It's simply supply and demand.

If you arbrittarily raise prices, your product sits on the shelf.

If that was not the case, why doesn't McDonald's raise the price of a big mac to $20 ?

And kudos to you for admitting it isn't realistic.



What's to fix ?

Except maybe the deficit.

He won't "fix" it, but it won't be as bad under Biden.

Trump will increase energy production which will lower transportation costs which will make things more affordable.

But it’s just easier for the anti-business liberals to blame corporations for their “greed.”

 

[Slade3200]

Forcing a grocery store to charge only $4 for a product that costs them $3.97 will lead them to not wanting to carry that product because they can’t make enough of a profit to warrant the effort.

Eventually, they stop selling lots of products, and the government swoops in with rationing. Next step is for the government to take over the means of production entirely, quality of course drops, and people go hungry.

You are correct if that was the case, however, I don’t see a realistic scenario where that would actually happen

 

[Slade3200]

No company is ripping them off. It's simply supply and demand.

If you arbrittarily raise prices, your product sits on the shelf.

If that was not the case, why doesn't McDonald's raise the price of a big mac to $20 ?

And kudos to you for admitting it isn't realistic.



What's to fix ?

Except maybe the deficit.

He won't "fix" it, but it won't be as bad under Biden.

I think the underlying tone in what we are both saying goes to the fact that political candidates talk a lot of fluff while campaigning that isn’t realistic. Unfortunately what we as voters need to do is cut through the fluff and look at the actual things they could do and what the impact of those actions would be.

Our economy is driven by capitalism, not the government and not the president. There is some influence that comes from the actions of gov but it’s not as acute as we make it out to be.

Bottom line on the issue of Harris stoping price gauging… it’s going nowhere beyond the laws that are already in place

 

[Lisa558]

You are correct if that was the case, however, I don’t see a realistic scenario where that would actually happen

How so? The profit margin for grocery stores is only 1% or so. If they aren’t allowed to raise prices as their own costs go up - from repair costs, to electricity, to wages, to gas, to the products themselves, they simply will stop selling the product.

Let me ask you: is the socialist also demanding that all WAGES be fixed? And construction materials? And rental fees? Because otherwise, her Communist-style proposal will fail immediately.

She hasn’t thought this through. She’s quite ignorant and goes with what she thinks sounds good to the useful idiots.

 

[Slade3200]

How so? The profit margin for grocery stores is only 1% or so. If they aren’t allowed to raise prices as their own costs go up - from repair costs, to electricity, to wages, to gas, to the products themselves, they simply will stop selling the product.

Let me ask you: is the socialist also demanding that all WAGES be fixed? And construction materials? And rental fees? Because otherwise, her Communist-style proposal will fail immediately.

She hasn’t thought this through. She’s quite ignorant and goes with what she thinks sounds good to the useful idiots.

Realistically how do you see the president force grocery stores to do that? That power is t in our system. And if it was, what makes you think a president would force a 1% profit margin?

Like I said it’s much adu about nothing