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?

  • Pyr_Pressure@lemmy.ca
    3·
    2 months ago

    Price cap increases perhaps. No more than 5% increase from the price the product was on January 01 that year.

    • Artisian@lemmy.worldOPEnglish
      1·
      2 months ago

      That one seems kinda scary - if inflation was 6% and something wasn’t sold at any profit, all stores would stop selling it. (This is true for most food.)

      • Pyr_Pressure@lemmy.ca
        1·
        2 months ago

        If they stop selling it, they stop buying it from suppliers and then the suppliers need to find a way to decrease their costs to make it so stores buy their products again. Otherwise they go out of business, so they will find a way.

        • Artisian@lemmy.worldOPEnglish
          1·
          2 months ago

          I think the scary thing is if it takes the suppliers more than 3 days to figure that out. Companies oftentimes can last 3 days without food (and rarely fix things very quickly at any scale).