Vice President Kamala Harris has finally unveiled a policy stance, a stark contrast to her previous position which mirrored that of her political adversary, former President Donald Trump the abolition of tax on tips.
Harris's new policy targets "price gouging" by corporations, vowing to clamp down on "excessive prices" and "excessive profits."
The term "excessive" is subjective and raises questions about its definition. This approach echoes the practices of the Soviet Union and communism, and it is a policy that could be detrimental to the free-market economy. In the United States, the government does not exert control over or dictate the operations of private companies.
Interestingly, the Washington Post also acknowledged this in an op-ed titled: "When your opponent calls you 'communist,' maybe don't propose price controls?" As reported by RedState, the op-ed humorously suggests that clarity is not necessary, and the public should simply resonate with Harris's stance against the so-called greedy corporations. It's intriguing to note that these corporations were not labeled as "greedy" during Donald Trump's presidency the inflation issue arose under the Biden-Harris administration.
The Washington Post op-ed delves deeper into the matter, highlighting the potential negative impact of such a policy. It points out that contrary to the notion of excessive profits, supermarket profit margins are "notoriously thin." The op-ed suggests that Harris's economic advisers appear to be "either too confused or lazy" to distinguish between illegal price fixing and market fluctuations resulting from supply chain disruptions or high demand.
The op-ed also makes an interesting observation: when even the Washington Post draws a "communist" parallel and criticizes you, it might be an indication of a looming problem.
It's worth noting that the inflation issue can be traced back to the Biden/Harris administration's overspending. Despite having been in power for over three years, Harris seems to have exacerbated the situation rather than improving it.
The policy is questionable at best, but the public is expected to appreciate Harris's commitment to tackling the so-called evil corporations. The vetting process for this policy appears to be as thorough as the one for her running mate Tim Walz which is to say, not at all, or deliberately overlooking the potential pitfalls.
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