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Reply to "Price gouging as her first policy announcement? Really? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s actually forward thinking to look at price gouging and price fixing now. Sticky prices has always been a thing in economics. For example, orange crops fail in Florida due to a weather event. Prices spike because of a shortage in supply. People blame the storm not the grocery store or farmer. Next year, crops are fine but prices do not reduce? Why? [b]People got used to paying the higher prices.[/b] Farmers try to produce more oranges because they are profitable. Too many oranges so farmers drop prices to get grocery chains/distributors to buy their oranges. Distributors grab the lower prices but do not drop their prices. They pocket the profits. It is easier and more reliable for companies to make a higher profit margin on lower volume than lower profit on higher volume. As long as the competition doesn’t cut their prices to the consumer this model keeps working for them. Supply/demand dynamics are broken because companies are not competing they are colluding. [/quote] This is what has been happening post COVID. It’s why many companies have been experiencing record profits. It’s unfettered capitalism at work. [/quote] well then consumers adjust and substitute - also capitalism. I stopped using door dash and eating out because it’s too expensive. I cook at home but opt for Amazon Fresh and TJ because they are cheaper. eventually the market will adjust to this too. [/quote] This is exactly what should happen. But some of these Dems think certain products and services should be available to everyone. [b]There is no more “don’t buy it if you can’t afford it”. It’s now “we’ll do everything to make it affordable for you.” [b]Like housing. They think everyone is entitled to live in Bethesda or Potomac. It’s nuts. [/quote] I agree with this 100%. Basic food staples should be affordable to everyone. I a, not a fan of “can’t afford basic cereal and milk, don’t eat breakfast”. Kids should not be skipping meals so a conglomerate with a monopoly can rake in billions in profits, and profits well above inflation year over year. [/quote] Oatmeal is still super cheap. Switch from $7/box cereal and eat oatmeal. There are cheap things kids can eat for breakfast. No one is “entitled” to expensive cereal. No one needs to skip breakfast. There are options. [/quote] School age children get free breakfast and lunch, and the fed gov is paying the conglomerates to feed them.[/quote] Paying corporations to feed our children is abysmal and unnecessary. [b]Let the kids choose what they want for lunch in the morning, cook only the amount you need, [/b]source locally and make from scratch where you can. Many districts in US still do this but DC area illustrates what happens when you get overcrowded schools, too many regulations, and too many lined pockets. This is a great resource https://www.thelunchbox.org/[/quote] You cannot cook " what they want " for 100+ kids. [/quote] provide 2-3 choices in the morning and cook only the amount you need based on their selections. Not cook to order like a restaurant. [/quote] haha so when would hundreds of children make their hot cooked breakfast choices? I am convinced you have zero clue what you’re talking about. [/quote]
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