The Mudcat Café TM
Thread #173399 Message #4207076
Posted By: Stilly River Sage
15-Aug-24 - 11:43 AM
Thread Name: BS: American Presidential race 2024
Subject: RE: BS: American Presidential race 2024
There is also news of a proposed ban from the Harris administration on "price gouging" in the food marketplace; people may have wondered if some price increases were legitimate as COVID ended, but the evidence is clear that costs haven't gone up for the corporations to the extent they are gouging consumers with both price increases and shrink-flation (making almost identical looking packaging but reducing the size and volume for the same or bit higher price.)
“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign said in a statement. “Americans can see that difference in their grocery bills.”
The proposed ban is part of a broader economic policy platform that the Democratic presidential nominee plans to unveil Friday at a campaign rally in battleground North Carolina.
Harris will also pledge that if elected president, she will direct her administration to increase scrutiny of potential mergers between large supermarkets and food producers, “specifically for the risk that the proposed merger would raise grocery prices for consumers,” her campaign said.
This package of regulatory proposals is one of the Harris campaign’s earliest efforts to outline an economic platform that is independent of President Joe Biden’s agenda.
I have stated a number of times since all of the price raises and the CEO pay package increases following COVID that a windfall profit tax is again called for (that was used against the oil companies for gouging on gas prices in the 1970s). Do that concurrent with making them stop the price gouging. Trump gave the corporations and their CEOs carte blanche for their misbehavior after the big tax breaks he gave them. It's time to reel all of those rich folks back in: Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries