OPINION_ Kamala's Tools to Fix Broken Economy: Hammer and Sickle

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OPINION

Kamala's Tools to Fix Broken Economy: Hammer and Sickle

(Newsmax illustration/Dreamstime images)

By Larry Bell Monday, 19 August 2024 02:22 PM EDT
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(Editor's Note: The following opinion column does not constitute an endorsement of any political party or candidate on the part of Newsmax.)


It is no exaggeration to recognize a campaign proposal announced last week by Democratic candidate Kamala Harris to impose a “first-ever federal ban on price gouging on food and groceries,” and punish companies for charging too much as anything less than a disastrously dangerous Venezuelan-style Socialist assault on America’s bountiful capitalist free market system.

According to her plan, government — acting through “new authority” the Federal Trade Commission (FTC) and state attorneys general — would be empowered to determine prices and to punish companies who charge “too much” with penalty fines up to 5% of annual revenues.

So, how much is “too much”?

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READ MORE: https://www.newsmax.com/larrybell/kamala-harris-economy-inflation/2024/08/19/id/1177050/

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