As a way to combat the rising price of products and services in our daily lives, Kamala Harris, the DNC-CCP’s handpicked “nominee,” is proposing empowering the Federal Trade Commission (FTC) to impose fines on businesses that, by their estimation, are engaging in “price gouging.”
The campaign stated, “There’s a big difference between fair pricing in competitive markets and excessive prices unrelated to the costs of doing business. Americans can see that difference in their grocery bills.” The plan essentially makes the FTC the new price fixer of the American economy. In other words, it makes the FTC the czar of the now communist marketplace.
Go to Article
Excerpt from trendingpoliticsnews.com
A Harvard economist who worked in the Obama Administration voiced his opposition to Vice President Kamala Harris’ plan to install fixed-pricing on grocery chains and their suppliers.
“This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” Jason Furman told The New York Times in a report published Friday. “There’s no upside here, and there is some downside.”
On Wednesday, Harris finally unveiled a bit of her policy platform after weeks of speculation. The plan included price-fixing on grocery chains and their suppliers to prevent “corporate price gouging.” The Biden-Harris Administration has routinely blamed “corporate price gouging” for America’s inflation woes, which have consistently polled as a top concern among American voters.
“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.”
