Issues - Kamala Harris for President: Official Campaign Website
kamalaharris.com
BUILD AN OPPORTUNITY ECONOMY AND LOWER COSTS FOR FAMILIES Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong. That’s why as President, Kamala Harris will create an Opportunity Economy where everyone has a chance to […]

The Harris-Walz campaign has said they want to create a federal ban on corporate price gouging (usually mentioned when folks talk about price hikes in grocery stores). I see economists complaining about variations of this policy being bad, e.g. leading to food desserts. But as far as I can tell there hasn’t been anything specific proposed. Could someone explain our best guess at what they are proposing, and if it’s been serious analyzed/tested elsewhere?

They cite existing legislation in the states; maybe explaining what that legislation does/how it works would be helpful?

  • Artisian@lemmy.worldOPEnglish
    12·
    2 months ago

    I’ll note that grocers record profits are orders of magnitude less than the price increases. Maybe somebody is getting rich off of the price increases, but I’m pretty sure Walmart is not.

    • LastWish@lemmy.world
      8·
      2 months ago

      "Hey, our wholesale costs went up 300%, so we raised it 400% because fuck you, we’re all doing it and you don’t have any other options " is still price gouging and collusion.

      • Artisian@lemmy.worldOPEnglish
        11·
        2 months ago

        Agreed, that would be.

        But the most they could have done is 308% instead of that 300%, and I think they managed to get lots and lots of small stores to do it at the same time.