So a meaningless statement after inflation is already falling, I’m not quite getting the strategy here
Iknowwecanmakeit on
>The Harris campaign said the vice president will outline a plan for her first 100 days in office if elected that would lay out a federal ban on price gouging, making clear that large companies can’t exploit consumers to increase profits.
>She will call for the Federal Trade Commission and state attorneys general to investigate corporations that break such rules, and she will push for increased support for small businesses that can break into the market and compete against major meat processors.
ianrl337 on
Want to stop price gouging, break up the monopolies and bring competition. Let the system actually work
1033149 on
How though? You can’t just put quotas on some goods, that doesn’t seem economically sound.
I really hope its like pro consumer policies. Like banning electronic price tags, banning raising prices before a sale only to cut them during, etc. Maybe being forced to display the previous price on the tag, so consumers can make choices based on the price increase they are seeing?
ArgumentDramatic9279 on
Gotta break up the monopolies and the price fixing they love to do first. Otherwise it’s empty words, like she said she said, you’re price gouging, no I’m not, oh ok.
MysteryGong on
It’s already banned. Does she not remember all the people who went to jail for mass bulk buying stuff and then selling it for 7x the price?
Im_Talking on
No. No. No. This is not a good business practice. It’s a looney-tunes half-ass attempt at appeasing the ‘mob’. What’s she going to do? Limit price increases to X% per year. She’ll just get slammed as a Marxist reactionary or something.
camusonfilm on
I work at a grocery store, I get people coming in talking to me almost everyday bitching about price gouging, and I’ve long thought that any president who tried to take any actually measurable steps towards fixing that problem would be called a communist. Low and behold, groypers on twitter are calling this communism. Fucking morons.
autotldr on
This is the best tl;dr I could make, [original](https://thehill.com/homenews/campaign/4828758-kamala-harris-federal-ban-price-gouging/) reduced by 78%. (I’m a bot)
*****
> Vice President Harris on Friday will outline a series of economic policy proposals as part of her presidential campaign, including a call for a federal ban on corporate price-gouging.
> Harris will deliver remarks in North Carolina, a battleground state in November, where her campaign said she will focus on plans to lower the cost of groceries.
> The Harris campaign said the vice president will outline a plan for her first 100 days in office if elected that would lay out a federal ban on price gouging, making clear that large companies can't exploit consumers to increase profits.
The honest truth is post-1970s court rulings any serious attempt at tackling this almost must by nature go through the legislature if not the courts (since you’d need regulation that let you actually stop anti-competitive practices).
Don’t get me wrong, I agree with the attempt and generally support the idea of doing it, but I think that success at large will rely on more than executive action.
lelio98 on
This Supreme Court won’t allow this.
Lugnuttz on
Better roll back prices from the last 9 years.
TOCMT0CM on
Aww man. Shucks. My business plan worth a shit now!
Worried_Quarter469 on
Tough to enforce, but tying cost increases on necessities to costs would be nice, essentially capping profit
Charging 200 for 1 dollar of insulin comes to mind as unreasonable
phdthrowaway110 on
Why didn’t she push for any of this for the last three years while she was actually in the frickin White House?
RuthlessIndecision on
Corporate America’s response: Straight to voicemail
ckwing on
This is junk economics theory and dangerous. Especially during national disasters.
If it wins her votes though than so be it. I’ll still vote for her obviously, but it’s always dumb when politicians go after “price gouging.”
alvarezg on
France passed a shrinkflation law last year: companies are required to display a notice on the packaging when the amount of product has been reduced, increasing the unit price.
BettingTheOver on
How do you police price gouging?
Oceanbreeze871 on
“Tyrant! We want to pay higher prices!!!!”—conservatives
2Ledge_It on
It’s pretty simple and is what was used to identify price gouging by the FED in the first place. Increased profit margins.
Nvenom8 on
Well-defined and enforceable, please.
Beastw1ck on
I hope they address the root cause which is consolidation of nearly every industry to one or two big corporations. Lina Khan (sp?) has been doing great work in this area.
Mikec3756orwell on
Yeah, let’s create another enormous bureaucracy and hire thousands of new federal employees to look for price gougers. Or we can just work to drop energy prices, and inflation more broadly, and reduce the cost of production and transport.
PDXGuy33333 on
I am very anxious to see the proposed rules. Corp culture is going to scream. Be ready to comment en masse to the FTC in favor of the proposed rules.
prototype7 on
Breaking News, Thursday, after an emergency hearing, 6 members of the Supreme Court have determined that setting prices is money for corporations and money is a protected free speech under the 1st Amendment, thus no government agency can limit the maximum flow of “speech” that a company can have. /s
WeAreClouds on
No joke, Cheez It are at the store here for $9.99. Ten fucking dollars. For Cheez Its.
80sCos on
Oh. Ok. Let’s just ban price-gouging. Seems simple enough. Btw, what the fuck is price-gouging? Define it in empirical terms please.
amill9086 on
We are in a day and age where the advancement in technology and agriculture can allow us to produce foods, we’d normally outsource, right here at home.
We hardly think of the impact we have half way across the world when we’re buying “conflict” produce. Basically people starve in other countries to meet our demands for….. (insert) avocados!!
Baby_Needles on
Why doesn’t Biden do it? He’s still in office and as a last-days president has the opportunity to support more-controversial legislation.
ContactHonest2406 on
I’d add a windfall tax to that. Raise your prices a certain amount in a specified amount of time? Fine. That money now belongs to the government. Make it not worth their while to suddenly and drastically raise prices.
32 Comments
It’s not already banned?
So a meaningless statement after inflation is already falling, I’m not quite getting the strategy here
>The Harris campaign said the vice president will outline a plan for her first 100 days in office if elected that would lay out a federal ban on price gouging, making clear that large companies can’t exploit consumers to increase profits.
>She will call for the Federal Trade Commission and state attorneys general to investigate corporations that break such rules, and she will push for increased support for small businesses that can break into the market and compete against major meat processors.
Want to stop price gouging, break up the monopolies and bring competition. Let the system actually work
How though? You can’t just put quotas on some goods, that doesn’t seem economically sound.
I really hope its like pro consumer policies. Like banning electronic price tags, banning raising prices before a sale only to cut them during, etc. Maybe being forced to display the previous price on the tag, so consumers can make choices based on the price increase they are seeing?
Gotta break up the monopolies and the price fixing they love to do first. Otherwise it’s empty words, like she said she said, you’re price gouging, no I’m not, oh ok.
It’s already banned. Does she not remember all the people who went to jail for mass bulk buying stuff and then selling it for 7x the price?
No. No. No. This is not a good business practice. It’s a looney-tunes half-ass attempt at appeasing the ‘mob’. What’s she going to do? Limit price increases to X% per year. She’ll just get slammed as a Marxist reactionary or something.
I work at a grocery store, I get people coming in talking to me almost everyday bitching about price gouging, and I’ve long thought that any president who tried to take any actually measurable steps towards fixing that problem would be called a communist. Low and behold, groypers on twitter are calling this communism. Fucking morons.
This is the best tl;dr I could make, [original](https://thehill.com/homenews/campaign/4828758-kamala-harris-federal-ban-price-gouging/) reduced by 78%. (I’m a bot)
*****
> Vice President Harris on Friday will outline a series of economic policy proposals as part of her presidential campaign, including a call for a federal ban on corporate price-gouging.
> Harris will deliver remarks in North Carolina, a battleground state in November, where her campaign said she will focus on plans to lower the cost of groceries.
> The Harris campaign said the vice president will outline a plan for her first 100 days in office if elected that would lay out a federal ban on price gouging, making clear that large companies can't exploit consumers to increase profits.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1eslnlv/harris_to_call_for_federal_ban_on_pricegouging_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~692400 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Harris**^#1 **campaign**^#2 **price**^#3 **Trump**^#4 **President**^#5
The honest truth is post-1970s court rulings any serious attempt at tackling this almost must by nature go through the legislature if not the courts (since you’d need regulation that let you actually stop anti-competitive practices).
Don’t get me wrong, I agree with the attempt and generally support the idea of doing it, but I think that success at large will rely on more than executive action.
This Supreme Court won’t allow this.
Better roll back prices from the last 9 years.
Aww man. Shucks. My business plan worth a shit now!
Tough to enforce, but tying cost increases on necessities to costs would be nice, essentially capping profit
Charging 200 for 1 dollar of insulin comes to mind as unreasonable
Why didn’t she push for any of this for the last three years while she was actually in the frickin White House?
Corporate America’s response: Straight to voicemail
This is junk economics theory and dangerous. Especially during national disasters.
If it wins her votes though than so be it. I’ll still vote for her obviously, but it’s always dumb when politicians go after “price gouging.”
France passed a shrinkflation law last year: companies are required to display a notice on the packaging when the amount of product has been reduced, increasing the unit price.
How do you police price gouging?
“Tyrant! We want to pay higher prices!!!!”—conservatives
It’s pretty simple and is what was used to identify price gouging by the FED in the first place. Increased profit margins.
Well-defined and enforceable, please.
I hope they address the root cause which is consolidation of nearly every industry to one or two big corporations. Lina Khan (sp?) has been doing great work in this area.
Yeah, let’s create another enormous bureaucracy and hire thousands of new federal employees to look for price gougers. Or we can just work to drop energy prices, and inflation more broadly, and reduce the cost of production and transport.
I am very anxious to see the proposed rules. Corp culture is going to scream. Be ready to comment en masse to the FTC in favor of the proposed rules.
Breaking News, Thursday, after an emergency hearing, 6 members of the Supreme Court have determined that setting prices is money for corporations and money is a protected free speech under the 1st Amendment, thus no government agency can limit the maximum flow of “speech” that a company can have. /s
No joke, Cheez It are at the store here for $9.99. Ten fucking dollars. For Cheez Its.
Oh. Ok. Let’s just ban price-gouging. Seems simple enough. Btw, what the fuck is price-gouging? Define it in empirical terms please.
We are in a day and age where the advancement in technology and agriculture can allow us to produce foods, we’d normally outsource, right here at home.
We hardly think of the impact we have half way across the world when we’re buying “conflict” produce. Basically people starve in other countries to meet our demands for….. (insert) avocados!!
Why doesn’t Biden do it? He’s still in office and as a last-days president has the opportunity to support more-controversial legislation.
I’d add a windfall tax to that. Raise your prices a certain amount in a specified amount of time? Fine. That money now belongs to the government. Make it not worth their while to suddenly and drastically raise prices.