It’s almost as though the governments should do their jobs and fucking put cost controls. Seriously, we need some new economic thought/ practice. Just like how several generation’s ago they figured out that wages are sticky, they need to put cost caps or restrictions to stop this shit. Instead of cutting the money supply and people’s lifelines, they need to fucking tell businesses to cut the crap and stop the bullshit. Since then pandemic every industry feels like they can price gouge and get away with it. It’s fucking ridiculous. If you put a stop to that, then you have some hope of resigning in inflation.
I’d rather have a windfall tax that taxes some high percentage of all profits beyond a certain percentage in order to disincentivize this sort of profiteering.
Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
It’s almost as though the governments should do their jobs and fucking put cost controls. Seriously, we need some new economic thought/ practice. Just like how several generation’s ago they figured out that wages are sticky, they need to put cost caps or restrictions to stop this shit. Instead of cutting the money supply and people’s lifelines, they need to fucking tell businesses to cut the crap and stop the bullshit. Since then pandemic every industry feels like they can price gouge and get away with it. It’s fucking ridiculous. If you put a stop to that, then you have some hope of resigning in inflation.
I’d rather have a windfall tax that taxes some high percentage of all profits beyond a certain percentage in order to disincentivize this sort of profiteering.
I’m not really for price caps but I’m very into billionaires taxed to pay public funds since they literally don’t want to pay people to work.
Price caps mean product shortages
Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
Any price cap on a good that can be transported to markets which pay more will cause shortages in the market which pays less. Basic economics.
If you want to rein in price gouging the best way to do that is with competition and antitrust actions.