Drop Dead Fred
Diamond Member
- Jun 6, 2020
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The profit margin for supermarkets is only 1.6%.
Kamala Harris said that's "excessive," and she wants to impose price controls on food.
Either she wants to cause food shortages, or she's too dumb to understand Economics 101.
Which is it?
It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.
August 15, 2024
Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.
The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.
If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.
Kamala Harris said that's "excessive," and she wants to impose price controls on food.
Either she wants to cause food shortages, or she's too dumb to understand Economics 101.
Which is it?
When your opponent calls you ‘communist,’ maybe don’t propose price controls?
It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.
August 15, 2024
Price gouging” is the focus of Vice President Kamala Harris’s economic agenda, her presidential campaign says. She’ll crack down on “excessive prices” and “excessive corporate profits,” particularly for groceries.
The grocery industry’s net profit margins peaked at 3 percent in 2020, falling to 1.6 percent last year. If that sounds high, note that the average net profit margin (what’s left over after expenses) for all public companies nationwide is 8 percent.
If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.