Price gouging as her first policy announcement? Really?

[Anonymous]

So every business entity-every single one in every single sector- is price gouging?

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:OK, I think she just put her first foot wrong. Prices were up 1% on groceries this past year. This is bizarre - brings back memories of ‘70s price controls.

What do you think?

Kamala should try to productively run something small, litle a city or a lemonade stand, to prove her competence before running for high office.

[Anonymous]

Corporations have to make a profit. Businesses have to make a profit. To exist.

The US Gov is trillions in debt and takes money from citizens. They would not be able to operate or exist if they needed to make a profit to pay government employees or develop and manufacture a product or service.

The US government is the ultimate price gouger and have no one to implement controls on them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OK, I think she just put her first foot wrong. Prices were up 1% on groceries this past year. This is bizarre - brings back memories of ‘70s price controls.

What do you think?

Kamala should try to productively run something small, litle a city or a lemonade stand, to prove her competence before running for high office.

100%

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you determine when companies are price gauging?

Most of them have been, the past couple years. There's data.

Please tell us about this data and where it is.

https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits

Good prices still up 25% since COVID while companies pst record profits.

A lot of is because these companies have monopolies, or near monopolies. Capitalism would be breaking these huge companies up so that consumers have several options in each sectors and companies have to compete with each other on price and quality. Monopolies that aren’t competing on price and setting prices that allow for huge profits while some Americans go hungry are anti-capitalist (and antirust violation#).

You wanted her to talk about the economy. You asked for specific policy. Here you go. Unless you didn’t want economic policies.

PS— haven’t seen the policy, but would be it would be going after companies violating anti-trust laws. Which has certainly been done in the US- although more so with railways, electricity, etc. proce gouge away on OV purses. Food is a necessity and monopolies in food sectors should not be allowed to price gouge.

Show me a single company that can exist without making a profit.

Tell me why the US government is trillions in debt.

[Anonymous]

My opinion: this is a straw man argument to deflect attention and commentary about inflation and gas prices under the Biden/Harris administration.

[Anonymous]

Price gouging would help millions and millions of Americans every single day so I am 100% for it as are my fiscally conservative relatives

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you determine when companies are price gauging?

Most of them have been, the past couple years. There's data.

Please tell us about this data and where it is.

Look in the "Biden Economy" thread...there have been a hundreds posts with the data.

All the "data" in that thread consists of comments that corporations are making record profits. That is not data that supports a thesis of price gouging.

The record profits are them having jacked up the prices during COVID and the supply chain issues and then not lowering them when the issues were resolved.

[Anonymous]

Anonymous wrote:Forcing lower prices will force many businesses to close, thereby forcing many employees to lose their jobs, and forcing empty shelves in stores everywhere.

The average net profit of chain grocery stores like Walmart, Kroger, Albertsons etc. is 1 to 3 percent. If you like price controls you will love bare shelves and the commissars controlling your life.

Who’s going to make something that makes no profit or loses money? Companies have to make a profit and have to make money for to stay in business and for their investors. The government takes tax dollars and is trillions in debt; any other business that operates like the government would be bankrupt decades ago. They would not have a business.

Companies are not going to close because they are making a 7 percent profit instead of an 8 percent profit.

[Anonymous]

Anonymous wrote:Sounds like part of one of those five year plans they had in the USSR back in the day.

No, it doesn't. She wants to increase competition, not control prices from the White House.

[Anonymous]

Anonymous wrote:So every business entity-every single one in every single sector- is price gouging?

No.

She is targeting food/grocery, because that is where it is most obvious and impactful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you determine when companies are price gauging?

Most of them have been, the past couple years. There's data.

Please tell us about this data and where it is.

https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits

Good prices still up 25% since COVID while companies pst record profits.

A lot of is because these companies have monopolies, or near monopolies. Capitalism would be breaking these huge companies up so that consumers have several options in each sectors and companies have to compete with each other on price and quality. Monopolies that aren’t competing on price and setting prices that allow for huge profits while some Americans go hungry are anti-capitalist (and antirust violation#).

You wanted her to talk about the economy. You asked for specific policy. Here you go. Unless you didn’t want economic policies.

PS— haven’t seen the policy, but would be it would be going after companies violating anti-trust laws. Which has certainly been done in the US- although more so with railways, electricity, etc. proce gouge away on OV purses. Food is a necessity and monopolies in food sectors should not be allowed to price gouge.

Show me a single company that can exist without making a profit.

Tell me why the US government is trillions in debt.

57% of the debt is the direct result of the GOP passing tax cuts without corresponding cuts in spending. W and Trump. 57%

[Anonymous]

I could have a hugely successful business if I didn't have to pay a fair living wage.