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?

  • LastWish@lemmy.world
    8·
    1 month 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·
      1 month 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.