Washington Post columnist Catherine Rampell (left-leaning) thinks Kamala’s Soviet-style price control scheme will be a disaster. Her critique is withering and accurate … yet I bet you she’s still voting for Kamala.
She writes:
It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.
At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.
That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.
Kamala calls herself “progressive.” But her economic plan is part Stalin, part Germany’s Weimar republic and part Richard Nixon.
It’s so easy for a propped up whore-puppet like Kamala to stand up and say, “I’ll pay for it.” As the meme on social media says, “There is no such thing as ‘government-funded.’ It’s YOU. You’re funding it. ALL of it.”
If Kamala wins, the mentality embodied by that horrific morning TV show, “The View,” will be the law of the land.