Newsweek on Nostr: Stop Blaming Inflation on 'Price-Gouging' Corporations | Opinion ========== Kamala ...
Stop Blaming Inflation on 'Price-Gouging' Corporations | Opinion
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Kamala Harris targets corporations in her economic policy platform, blaming them for high grocery bills, rent, and drug prices; she mentions 'price gouging' multiple times and proposes a federal ban on it; past measures include California's Gas Price Gouging and Transparency Law; critics argue that such policies can deter investment and production, leading to economic slowdown; the root cause of high prices is supply-demand imbalance, not corporate profits; Harris acknowledges the need to cut regulations to increase housing supply; policies restricting profits could hinder environmental goals and investment; a 2022 IMF report warns that windfall profit taxes reduce future investment; constructive policies should focus on increasing capital access instead of vilifying businesses.
#Inflation #KamalaHarris #EconomicPolicy #PriceGouging #Investment #Regulation #Housing #SupplyChain #Environment #WindfallTax
https://www.newsweek.com/stop-blaming-inflation-price-gouging-corporations-opinion-1954643
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Kamala Harris targets corporations in her economic policy platform, blaming them for high grocery bills, rent, and drug prices; she mentions 'price gouging' multiple times and proposes a federal ban on it; past measures include California's Gas Price Gouging and Transparency Law; critics argue that such policies can deter investment and production, leading to economic slowdown; the root cause of high prices is supply-demand imbalance, not corporate profits; Harris acknowledges the need to cut regulations to increase housing supply; policies restricting profits could hinder environmental goals and investment; a 2022 IMF report warns that windfall profit taxes reduce future investment; constructive policies should focus on increasing capital access instead of vilifying businesses.
#Inflation #KamalaHarris #EconomicPolicy #PriceGouging #Investment #Regulation #Housing #SupplyChain #Environment #WindfallTax
https://www.newsweek.com/stop-blaming-inflation-price-gouging-corporations-opinion-1954643