We told you earlier in the week about how Comrade Kamala is proposing price controls so that "large companies can't exploit consumers to increase profits," and how this equates to Communism Light™.
Everybody knows what a ban on price-gouging really means.
Bro, even The Washington Post gets it.
I'm gonna quote the piece because it's actually quite interesting.
‘Price gouging' is the focus of Vice President Kamala Harris's economic agenda, her presidential campaign says. She'll crack down on "excessive prices" and ‘excessive corporate profits,' particularly for groceries.
So what level counts as ‘excessive,' you might ask? TBD, but Harris will ban it.
Exactly: To be determined. We just don't know which prices are going to have to come down under a Harris-Walz mandate.
More from WaPo:
The most likely template for Harris's proposal is a recent bill from Sen. Elizabeth Warren (D-Mass.). (Harris co-sponsored similar legislation with Warren in 2020, when Harris was a senator.) Warren's bill would ban any 'grossly excessive price' during any 'atypical disruption' of a market. Alas, no definition was provided for these terms either; rather, the bill would empower the Federal Trade Commission to enforce bans using any metric it deems appropriate.
It's hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Some far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.
At best this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat.
Wow, am I actually agreeing with The Washington Post?!?!
One last thing:
That's because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe's Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies.Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.
Our government is already in bed with big corporations, and Comrade Kamala's plan would make that connection even stronger.
If you're wondering why the woke lefties keep pursuing this strategy...
Wait until you guys learn about Dengism!
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