Bro corporations are struggling to get profit, I feel so bad for Walmart, I can't believe they're only making a couple hundred billions, companies are just people too
The problem is that the stuff the retailer sells to you belongs to the retailer, not you. Price gouging is not going to make things better. In fact, it may only help the big companies in the long run as smaller competition will be pushed out of the market, demand will remain high, and supply will stay low. Price gouging could end up being a mega-corporate dream.
@@HappyGuy-cn9po absolutely! And dont even get me started on the few big tech companies and how they have violated our constitutional right to privacy without even a slap on the wrist.
@@markrix Actually, no. Privacy from corporations is not protected by the constitution. When you agree to the terms and services of Google and voluntarily give them your info, it is your fault that Google has your info. They did not steal it. You gave it to them. It is the same thing in regards to creators who complain the first amendment is being violated when they are getting removed from a platform. Guess what? That platform is not government-owned and ergo not protected by A1. You cannot apply strictly public laws to the private sector. If you don't want your privacy violated, don't give it away. You are not browsing on a public site. You are browsing on privately-owned corporations who created the site that you are using. Therefore, proceed at your own discretion. Going back to the previous point, corporations do not owe us anything. It is their products that we are buying. If you don't want to buy it from a big corporation, grow your own food per se.
@@mathewwilliams6801they always say stuff like this but when you ask them specifics they can't actually back it up. They're just spewing sound bites/buzzwords
Hey Kamala, will illegals be eligible for the $25,000 home purchase check too? We know you'd make them eligible for Medicare,etc. Hey Kamala, why wouldn't a home-seller just increase the home price by $25,000?
I imagine the ban being something like “it is now illegal to raise the price of your food above a certain percentage of the manufacturing cost” so kinda like you can’t charge 15 dollars for eggs if the overall cost of producing those individual eggs is significantly lower than 15 dollars.
Yup, prices should track cost to produce. Currently production costs have gone down but prices are still up, and that leads to the record profits we've seen.
What are you talking about. Europe has many anti price gouging laws and they are fine. Why do gas prices remain low??? Due to Americans , even the ones that don’t drive, paying subsidies for oil tycoons.
Europe having it doesnt tell us anything about what Harris means when she says it. It isnt a critic to say we dont know what that means and it doesnt make it good or bad. It means we dont know and that people should pressure her to elaborate on that and voice an actionable plan. Otherwise it could just be lipservice because she knows it's a popular sentiment.
Individual states in the U.S. have laws against price gouging, usually during disasters. There is no country-wide law about that in the U.S., as far as I know.
It's WELL beyond time that our government get involved in the food distribution and housing system. We do NOT have a food SUPPLY problem, we have a food DISTRIBUTION problem. We DO have a housing supply problem, but only because we treat housing like a commodity instead of a necessity. Less capitalism doesn't mean "full-on communism". We can make intelligent choices about what we leave to the free market and what we treat as essential elements of our life and society that need to be accessible to EVERYONE regardless of means.
Zoning is also a massive issue for housing. A lot of the time new housing isn't built because there's a ton of red tape. Some people want to preserve renovate their historic buildings (which is expensive), some people want to "protect" their single family suburbs. Whatever the NIMBY's rationale, it prevents new construction. We really need to loosen zoning up to a significant degree. Make it easier to build housing.
@@matchbox7068 SO WHAT? How many MORE steps towards corporatist oligarchy are we going to take before we take even ONE step backwards towards a more sensible arrangement? Are you so brainwashed that all you need to hear are the words "Socialism" or "Communism" and your thought processes just shut off altogether?
If she wants to ban price gouging, then it ahould be for _everything_ and not just "food and groceries". I mean, sure, it would be nice to not have to overpay for what I eat. But I also don't want to be gouged on utilites, gas, buying a home, etc etc etc. It's definitely a step in the right direction... it just doesn't go far enough (as per usual).
I hope that the details of the legislation incentivize people to build different types of homes. You used to be able to get a duplex or townhome, but a lot of developers nowadays only build big single-family homes that cost millions of dollars.
A big part of that is zoning, which is usually on a local level. I wouldn't mind federal legislation that forces local areas to relax the red tape, but I also have no idea how that would be reasonably enforced.
@@CAG83 realistically, if the federal government did something like that, it would immediately be challenged by conservative states and thrown out by the supreme court because housing isn't something the federal government is directly given authority over which means it's at the discretion of the states (aside from specific things like regulation of the associated environmental impacts, infrastructure, transportation)
@@spencerlively3049 the federal government has found loopholes before. For example, withholding funding for certain projects if they didn't follow the new guidelines. It's one of those things where technically they can't enforce the law, but the state also doesn't have any right to the federal governments' funding. Highway funding being the most notable. The federal government could cut funding to non-compliant states. Whether that's the "right or wrong" thing to do is up for debate.
Realistically housing will get worse with the government involvement. It’s probably going to be college all over again. And unlike college which went from affordable easily without loans unaffordable but potentially affordable with loans houses are already ridiculous in their prices. People are just going to accept that 25k as a part of what people have and raise the price 25k and even more potentially probably the same way as student loans are at fault for how expensive college is. They would have to actively relegate the price of homes to undo the damage and they won’t do that. Housing is just irreparably screwed.
Yes aswell as the products themselves shrinking I bought a pizza bun the other day same brand and package size but the bun itself was 30% smaller! 30% IS A LOT! Especially when paying an already increased price
Actually, that is completely false, and if it is somehow true, then it's price gouging by your Supermarket, and you need to SHOP for groceries somewhere else! If you are interested in facts, right now, food prices are 2.2% higher than they were 12 months ago and prices increased 4.9% over the previous one-year period in 2023. To offset this, the average nominal increase in the minimum wage between 2019 and 2023 was 28.6% for most States. If you didn't experience this wage increase, then your State didn't elect to increase its minimum wage, so you also need to move. Dang your chosen Supermarket and your chosen State of residence are both sticking it to you!
@@reb1225 some people can't move. Some people can't shop anywhere else because of food deserts. And a lot of states still go by the federal minimum wage, like PA.
@@hollynivy3769 I see that you have completely missed my entire point. So let me clarify without my attempt at sarcasm. Grocery prices have NOT doubled in the last year. Sorry to have confused you.
@@lordzaboem food prices are some of the most dynamic in the nation What index, is showing that, there are corporations price gauging Kraft Heinz has had barely any increase of revenue since he pandemic, began, and its EBITA has increased from 6.1 to 6.3 so Barely at al all. They have also only grown I. Market cap by 10 percent since the start of the pandemic. If they were price gauging these would all be way higher.
Make it so food suppliers can’t price gouge obviously. There’s no good reason why food suppliers should be raising prices and making record breaking profits when the average person is struggling to afford basic groceries
According to California law: sellers trying to take unfair advantage of consumers during an emergency or disaster by greatly increasing prices for essential consumer goods and services
Why not forbid these Large companies to own all these homes and house gouge all Americans? Im not asking for much. some disagreements. Yet Inflation is a factor. Everything is impacted.
Don't listen to these sad people who think killing a teenager's enthusiasm is a good way to spend their time. This country needs you & others like you! Keep researching the issues & keep fighting when others try to keep you down. Best of luck and stay safe out there! Vote Blue!! 💙💙💙
It's not inflation, it's price gouging : you don't have record high profits when you're only increasing prices enough to keep up supply for demand. Inflation is down, but gouging is way up
Inflation is down is one of the most laughable things I've seen today. Inflation is not down whatsoever. Here's a basic economy lesson. If more money is being spent, inflation is on the rise. More money is currently being spent and the economy is moving money at a ridiculous rate as of now
@@anonymousperson3023 "If more money is being spent, inflation is on the rise. " - Define more money? I mean money is always being spent both by the consumer, the corporations and the government. so what do you mean my more money?
My problem is not paying for health care it is getting an appointment to see a health care provider. Three to five months in my town for a five minutes one symptom visit.
Doctors are brutally overtaxed and in short supply. One of the best things we could do for health care is making it cheaper to become a doctor, which would increase our supply and bring costs down both for doctors and patients
Simply put there is little incentive to become a general practitioner as they pay so far below specialist. Add to that the enormous cost of an md education and debt and it’s not really startling that those who are perusing a career in medicine specialize so that some day they can pay it off and not have 300k in student loans. Doctors also want to get ahead just like every other worker out there. Also being a teacher of doctors also pays shitty compared to a practice so there is at the same time a limit on how many doctors we can churn out with how many seats in schools are available. Basically money and a lack of value for public servants holds us all back.
Definitely the exact opposite where I live. I could see five different doctors this week if I wanted. With insurance, I would have to pay $250, without insurance, probably closer to $400. Just for a basic appointment. My mom is currently unable to go to the doctors out of fear of bills. With her insurance from her company, which she works 40 hours a week for, she is sitting on a $300 bill for a checkup and blood pressure meds. The cost of living is so insane due to rent and grocery price gauging that there isn't any money left over for emergencies, regular doctors visits, or luxuries so our mental isn't completely destroyed. My roommate and I live in one of the cheapest two bedrooms in town and can barely get by with two full time incomes. We cook our own meals. Restrict A.C. usage for only the really hot days. Etc. etc. The "you got to work hard for what you want. If you don't have enough money, you aren't working hard enough" crowd is insane to me. No matter how much you make, outside the lucky few, the cost of living is just too extreme to get by comfortably. Those that can live comfortably at this point are people with external resources helping support them, people who are old enough (or inherited) to have homes they own and pay far less for than rent, or people who got really lucky and get paid way more than the average person.
Actually pretty good, helps with broth rate issues and the cost of having children, helps with the ridiculous housing and cost of living. And most important, no wacky bullshit like putting tariffs on Chinese goods that’ll hurt us more than them.
@@DrMattHH "Price gouging" in the vast majority of cases is simply the value of a product accurately reflecting supply and demand, if you cap prices, companies won´t find much of an incentive to invest in the area and the availability of the product will drop creating shortages, this in turn will lead to an inflated black market appearing for those same products. I know the accusation gets used quite a lot, but these types of policies were a significant contributor to the economic collapse of Venezuela If you want lasting solutions for high prices you need to address it on the supply side, not the demand side, make competition grow so that companies are forced to drop their prices Make it easier for houses to be built so that the surplus of houses relative to house buyers/renters forces prices to drop, Sign free trade agreement for the pharmaceutical industry with countries that can produce drugs like insulin much cheaper than companies in the US do (for example by importing these drugs from Mexico or India) you get the idea...
On top of the the incentives for first time homebuyers, she is proposing effectively punishments for corpos that make it harder for ppl to buy said houses, and incentivizes building new first time homes (tax incentives) as well as opening up empty federal lands for building said homes.
@@ssgevo the problem with this, is that it’s not tax incentives it’s regulations that make building houses so hard in the US getting permits is hell and if you are denied one, that can set you back weeks in which you m can do nothing.
Price gouging is when companies monopolize an industry and then ratchet up the price to the highest it could possibly be. Since there is no competition consumers have no choice but to pay whatever price these corporations demand. Almost every industry is monopolized by a handful of super conglomerates that literally set prices to the point where existing is barely affordable. It would take a lot of regulations to fix it, and there's no way that will happen unless the Republicans loose the congressional majority and the Democrats widen the Senate majority. Good luck with that.
Except who do these monopolies support financially? Microsoft, Amazon, Google all support Democrats. You might want to use some critical thinking here.
@dan-lr4zm You named a couple socially conscious companies. You forgot Amazon, Home Depot, Walmart, all oil companies, the Koch Brothers, Elon Musk, etc., etc , etc. support Trump. SMH. Republicans support corporate greed. Nice try.
@@FurtherFernandoCorporations manipulate our economy.They cause problems when they want to make Dems look bad because Dems support labor. They totally screwed Carter. Do not trust corporations.
I think what would be a great thing to discuss is food waste! No one discusses this. I live in the U.S. but read many years ago that in France that stores instead of throwing out legit food they built supermarkets where those supermarkets are required to call the nearest one for pickup and the food is free in those stores, as well as donating to various charities. This food waste became law in France in 2016. Esp in the United States where there is so much food waste if we really want to talk about poverty.
This is pretty aggressive stuff and I’m fully in favor of most of it. HOWEVER, the tax credit for building new homes is interesting. Most of the homes that will be built are single family homes in suburban neighborhoods that won’t really help the housing supply and demand crisis. Overall; however, this is a good plan
Aggressive=Communism And it’s 3 million housing units. That could be anything ranging thru apartments, condos, actual houses, etc. Shove as many people into a single building unit was possible and call it living.
To a better economy, lower housing, and a secure border? Like C.S Lewis stated in Mere Christianity sometimes the most progressive thing to do is go back…
@@cntrlpwrsprod I’m sorry but I would have to disagree 🥲 Things were allot cheaper and I don’t see Bidens economic plan working on the receipt 🥲 Imma vote Trump just to help America out a lil. I respect your opinion though.
@@richardespinoza2839 Honestly Bidenomics we're not up to par with my expectations. I am confident in Mrs. Harris to improve on the errors of her predecessor.
Anything to justify you voting for more of this nonsense. You crying about food prices when this current administration gives thousands of dollars in food stamps to illegal immigrants.
If you look at the wealthiest companies and CEO's, the vast majority of billionaires are democrats in California. Liberals have 100 % control of California so why don't they tax all those wealthy democrats 100% for everything they make over 10 million dollars.
@@psingh1488 If you took all the wealth from all the billionaires in the us and took all their wealth at current prices, you could fund the government for about 9 months.
Cite one time when someone actually advocated for “trickle down economics” it was coined by socialists in the 40s against people who wanted less taxes.
@@jellojiei6061 what a small minded response. Who is asking for the entire government to be shut down, drain the billionaires accounts and use only their money to fund the government? 🤦. These uber uber wealthy, could have only made their fortunes in the United States, nowhere else. You think Elon Musk could have made his fortune in Rhodesia?? lol. No, he did it in the United States. With all the access to its courts, respect for property laws, pool of capital, and everything else that only USA can provide. Amassing that type of wealth is only possible in here. If you make it here, why not pay a little, not all, just a smidgen, to pay back into the system. If joe the plumber can pay 30 percent tax rate, how about a 5 percent tax on the uber wealthy? Explain your logic if not please. They made their wealth here. Its called the PRICE OF CITIZENSHIP. When you give a rich man a tax break he sends if offshore, or puts into a trust fund for his kids. When the rich man wants to open a business, he does not need a tax cut to fund his expansion. He goes to the bank and gets a LOAN. Trickle down economics is nothing but smoke and mirrors. When joe the plumber gets a tax break, he buys a car, buys dinner, goes to the movies, buys a TV. The factory that made that TV gets a product sold. Another job in the factory gets created. The factory owner gets richer. Makes sense?? Joe the plumber puts his tax cut back into the economy and the economy grows. Economics 101. You are clearly not a billionaire or even wealthy by any measure. Nicky Haley 2028.
What index, is showing that, corporations are price gauging Kraft Heinz has had barely any increase of revenue since he pandemic, began, and its EBITA has increased from 6.1 to 6.3 so Barely at al all. They have also only grown I. Market cap by 10 percent since the start of the pandemic. If they were price gauging these would all be way higher.
@@curtisbabcock781 I hate to be that guy but I disagree. all expenses have doubled since the pandemic and I don’t trust Kamala, who kinda screwed some in the community in California and Walz who handed the Floyd protests terribly. Simply put. I voted for Joe Biden in the primaries not Kamala. I respect your opinion 100% but don’t stand by it and will be voting red.
All these policies are encouraging. It's all well and good to encourage and assist families. But I haven't heard a thing about how she will help fixed income seniors and the truly disabled struggling to live on social security.
@@logankneller No one said she should have a "Magic Wand" but how do you think that suddenly the President will either? The game isn't that simple. Just because she is VP or POTUS doesn't mean there are a ton of checks and balances, adversaries, or hurdles one would have to overcome to get things passed. Regardless, she's been VP and seen pretty close eye-to-eye with Biden, so how come they haven't pushed for any of this stuff before?
It doesn't matter how much she tries to control price gouging so long as the cost to produce and deliver them is so high. The profit margin for groceries is already pretty low. All this policy would do is destroy small businesses and make prices slightly less while not fixing the core of the problem.
Considering that most companies are recording less profits when accounting for inflation, there really isn't any gouging going on. The corporate greed is no worse than it was the last 80 years.
Meanwhile, Trump was the actual president for four years and didn’t help our economy… still no legislation any of trumpies can tell me he introduced to help… in fact, he gave massive tax cuts to the wealthy and they still ended up raising their prices of goods significantly 😂
Not trying to be a political guys but just wondering why can't she push her agenda and ideas for the economy now? She's the vice president can't she draft and propose it to congress?
Unfortunately it would not get through the house. House Republicans already stopped a widely popular border bill, so that Donald Trump could run on the border crisis, do you think this would be any different. It is not ideal, but for policies like this to actually become law, democrats must control both houses of Congress. 😢
As explained by former Vice President Dan Quayle (under George H.W. Bush), the Vice Presidency is very weird, that you can’t have your own agenda, it’s just the President’s agenda, and you just salute and follow orders. Also, ever since the first Vice President John Adams got too upity about his office, the Senators hated him and set the precedent that would mostly bind every Vice President after him of prohibiting the Vice President from speaking. If the constitution was written differently, like having a separate Vice President election on a 5 year term and giving the Vice President the exclusive authority to appoint the members of any committee that contains at least one Senator, then suddenly the Senators would stop hating the Vice President and might try to cozy-up to the Vice President to get better positions in the chamber. However, the U.S. Constitution is not written that way, so the Senate utilizes it’s power under the Constitution to write the rules for the chamber in such a way as to maximize power for Senators, which necessarily means taking power away from the Vice President.
Banning price gouging in a very competitive sector with low profit margins will be very ineffective. Since profit is a tiny portion of the price of food, penalties on excessive profits will not apply.
"wow, Im so glad the government gave me $25k for a home down payment." "wait... why are all the home down payments $25k more now all of a sudden" people really don't understand how economics work, do they?
This makes no sense. Down payments arent a tacked on cost by the sellers. This is basically like the tax credits for buying an electric vehicle. It's helping the buyer with the costs.
@@usucdik if someone selling you a house KNOWS that the government will just give you 25k towards it (tax credit or cash) they will raise the price of the house to get as much money out of you and the government as possible. we saw it with colleges. College was cheap back in the day. you know what didn't exist back in the day? the Fafsa and other government aid. We saw it with hospitals. Hospital bills were cheap back in the day. you know what didn't exist back in the day? government funded healthcare plans. when the government says "we'll give you free money for X thing" then X thing will become that much more expensive. it's simple economics really.
@@astronxmically2817 The government can not reduce housing prices dude. not how it works. sure, they can incentivize more houses be built, but at the end of the day they have no direct control over housing costs.
This is just using the sheep and their frustration to push pointless laws that will end up strangling the bottom end of the market and hurting the consumer further. But they will eat it up because they are being lead to a dry trough of water by making them believe grocers are swindling them when it is inflation caused by the very policies of these people lying to the public in office.
On Friday, August 16th In South Carolina, you can hear Kamala outline these herself and point to the ways she has already as California's Attorney General, a Senator and Vice President she addressed consumers' economic issues. 😉👍 I'm voting for Harris and Walz they're working to build a bright future and strong middle-class.
That varies greatly depending on the food. Take eggs for example. One specific company (I think in New York) doubled the price of eggs. All this company did us collect eggs and sell them to supermarkets. It claimed that again flu and transportation costs made this necessary. At the same time, it bragged to investors in an official report that it was experiencing all time highest company profits.
Except that it literally doesn't cost much more. It is literally just price gouging. They've been forced to admit on shareholder calls that their overhead is going DOWN while they jack up prices.
@@lordzaboem And the egg thing is a GREAT example because they've been forced to admit that "increasing prices because of avian flu" was completely a lie. Totally made up. EVERYTHING companies say to the public is fake, but they're not legally allowed to lie to shareholders.
Random weird statement here, since there's no reason anything should costs twice as much to transport. Hell, even if gas doubled the shipping costs shouldn't souble as well, bht gas prices are only up like 75c compared to the previous decade.
mostly for the middle class and not the poor.... the middle class deserve a fair shake. i've got nothing against the middle class. but when will the poor get their due? we need a Federal minimum wage raise to at least $20.
The large corporations will bribe and lobby to ensure price controls benefit them, essentially creating a guarantee on investment, creating more political millionaires.
Taxing the 1% duh she’s made it quite clear in her speeches she’s going after the millionaires and billionaires of America and making them pair their fair share which lowers tax’s on middle to lower income households
Doesnt cost any money to stop price gouging. It isnt a subsidy. Construction projects, like housing, do cut into government spending but also generate a lot of work, create jobs, and the economic boon ends up making the government more money with people paying less taxes. The greatest economic prosperity in American history was off the back of the government subsidizing tons of construction and infrastructure. Realistically, she can go even further on the "Lets build stuff" bag and it'll be even better for the American public. But this should also come with a tax increase for the wealthy minority along side closing loopholes the wealthy use to evade taxes, but thats probably not happening. There are some Americans that horde so much wealth, we could afford to fix every problem America has and their quality of life would not be impacted.
You guys don’t understand that price control is the end of days for our economy. There’s a reason we’re the biggest economy in the world and it’s because we have a free market.
@@CoolDude-m2c The US hasn't had a free market for as long as it has existed. Capital and government have been tied hand in hand for literal centuries because our entire country depends on its prosperity. Any form of mass privatization has only occurred once; during the Reagan administration, a president whose destructive legacy still haunts us to this day.
@@sugagarcia8176 Living your life giving money to billionaires in hopes that some of the scraps will "trickle down" back to you is nonsense, especially because we've been trying it for 40 years and it hasn't happened yet. Other countries tax the rich instead of subsidizing them and they are doing just fine.
@@asongfromunderthefloorboards what are you talking about? I am saying that people who are rich enough to move to another country to avoid taxes will do it in a heartbeat, while the people who will have to pay the price of said taxes are the people who cannot leave (aka low and middle class)
@@sugagarcia8176 We currently have taxes. Yet we have more billionaires than any other country. They don't all live in tax haven islands. We can tax the rich instead of giving them tax money. They are not gods that we need to make sacrifices to.
Price controls are not a new thing in the U.S. During WWII, the very popular FDR imposed very strict national price controls on everything, ultimately protecting families and leading the economic stability and prosperity after the war since households were able to build up savings and buy government bonds (since they weren’t spending all their money on groceries). After Hurricane Katrina, Louisiana imposed price controls, where someone coming from out of state with marked-up generators for sale resulted in police seizing those generators for price gouging. Note: that was a deep red Republican state during the Republican President George Bush’s term in office.
Can you tell me one way in which Biden’s policies “created” high prices for consumer goods? It seems like Trump gets a pass for the Covid economy despite us being on the verge of recession before Covid. And Biden gets blamed for the Covid economy despite getting us out of it with record job growth and investment.
And Trump has zero plan. He's just like "Prices will go down if I'm president because all the corporations adore me and want to make my followers happy." It's fantasy.
@@DrMattHH eliminating income tax would be great if we are able to reduce the spending as much as possible, I bet everyone would like to make 1/3 more of wuat they are already doing it. The objective of this tariff is to reduce the dependence of other countries on the production of products, granted, it's impossible to eliminate said dependence completely, but covid 19 showed the importance of having products made at home, even If it's more expensive to produce, an example, covid masks
Yes. A vice president is an aide. They assist the president. Its not her job to decide what the government does. Its her job to make what Joe Biden wants happen, as best as she can. And she has shown that theres points she disagrees with Biden on that she follows him on anyways because thats her job.
Biden has been a scourge on DC for over 50 years. He literally promised his billionaire donors that nothing would change. There was no way anything meaningful would get done with him in charge.
@@lordzaboem But she voted on the laws and acts as Biden/Harris ticket. So when it's good news she takes credit but when it is trash she wants no credit. Yall need to wake up. She is crazy and wants govt to controll everything price of food, health care,etc.
They increased after the results of the pandemic, which Trump oversaw and was an utter disaster. It's laughably ignore to pretend Biden/Harris did anything to cause these economic problems and they've only been trying to fight them this whole time.
Nothing. No student loans or already payed them off...... Screw you, you get nothing. No children...... Screw you, you get nothing. Already bought a house...... Screw you, you get nothing. But we will take you tax money and give it to the other people.
@@ceeIoc That's lame and just dumb to act like the suggestion is suddenly a USSR thing, as if there aren't a million other example throughout history that aren't the fall of the soviet union.
Probably. It is worth noting though that the Democrats have read the room & feel like they have to at least pretend they're in favor of these policies. Pulling the Overton window back away from the right is always good.
@@DrMattHHbut these policies are mostly bad. Also pulling the Overton Window away from the right is not always a good thing especially if the right is right. Her policies with definitely increase inflation and the deficit. Not to mention very far left.
I think gouging would have something to do with the difference between the cost of the good and how much it's sold for. Maybe if it's above x% it's gouging.
I genuinely hope that she has it so the new homes are built where old, delapidated buildings already exist as someone who enjoys the nature in his suburban town and not feeling like my backyard is almost non-existant.
Not to mention in the housing plan she wants to help state and local governments fund construction of millions new homes, address barriers to build, and prevent predatory investors from buying up all the properties for short term rentals. An actual plan to address a major problem. She already had my vote, but she 200% has my vote now
It wouldn’t do any of that. Remember the 25k is out of your tax money which would only inflate the price of housing and the economy overall. Building housing projects would have to be a state issue since different states would have regulations for specific projects. Meaning it would need the senate. It would also create jobs only for the public sector as jobs could not be sustained without government funding. It would most likely hoarded by the unions as they usually are. It also doesn’t address that the housing issues of today stem from democrat like rent control green policies that prevent building new homes. And illegal immigration which are taking up housing and resources are a problem too
They need to curb how many houses corporations can buy. My landlord works for a real-estate corporation that owns like 200 houses in my city. That's 200 houses that could've been bought by someone like me who wants to own my own home
Subsidizing demand doesn't work. We have done this in the EU with agriculture and it backfired. We ended up with huge farmers dominating the market and they just produce for the subsidiezes and throw away the food they don't sell at the prices they and the supermarkets set.
Just put Katie Porter on the committee involving price gauging and she will straighten it out on a white board. Infact Kati Porter wanted to do this committee on price gauging 2 years ago and maga Republican's said No ! Vote blue down ticket and get it done.
None of this will help so long as corporations are allowed to continue their unrestricted practices. Big grocers like walmart control both ends of the industry and new houses will only get bought up by companies like Blackstone who will continue to raise rent and inflate the housing market prices.
F*** corporate greed. All my homies hate corporate greed.
Why wasn’t corporate greed and price gouging a problem when Trump was president? Isn’t he trying to help them take advantage of us?
Bro corporations are struggling to get profit, I feel so bad for Walmart, I can't believe they're only making a couple hundred billions, companies are just people too
suddenly all corps turned greedy ?
@@rolfjohansen5376 yep, it's the business class that's evil, ignore all the money printing in the past 4 years
The only way you ban greed in a free market is stop monopolies the fact that 3 or 4 big companies make all the groceries and at Walmart is the problem
The only way you ban greed in a free market is stop monopolies the fact that 3 or 4 big companies make all the groceries at Walmart is the problem
The problem is that the stuff the retailer sells to you belongs to the retailer, not you. Price gouging is not going to make things better. In fact, it may only help the big companies in the long run as smaller competition will be pushed out of the market, demand will remain high, and supply will stay low. Price gouging could end up being a mega-corporate dream.
@@HappyGuy-cn9po absolutely! And dont even get me started on the few big tech companies and how they have violated our constitutional right to privacy without even a slap on the wrist.
No its not
@@markrix Actually, no.
Privacy from corporations is not protected by the constitution. When you agree to the terms and services of Google and voluntarily give them your info, it is your fault that Google has your info. They did not steal it. You gave it to them.
It is the same thing in regards to creators who complain the first amendment is being violated when they are getting removed from a platform. Guess what? That platform is not government-owned and ergo not protected by A1. You cannot apply strictly public laws to the private sector.
If you don't want your privacy violated, don't give it away. You are not browsing on a public site. You are browsing on privately-owned corporations who created the site that you are using. Therefore, proceed at your own discretion.
Going back to the previous point, corporations do not owe us anything. It is their products that we are buying. If you don't want to buy it from a big corporation, grow your own food per se.
@@carliemorgan1871 Agreed.
I like her slogan "we're not going back"
She already set you back a decade.
@@scottg8660 ??? What are you yapping about
@@mathewwilliams6801they always say stuff like this but when you ask them specifics they can't actually back it up. They're just spewing sound bites/buzzwords
Hey Kamala, will illegals be eligible for the $25,000 home purchase check too? We know you'd make them eligible for Medicare,etc.
Hey Kamala, why wouldn't a home-seller just increase the home price by $25,000?
@@scottg8660
Felon Trump said to back more than a century.
I imagine the ban being something like “it is now illegal to raise the price of your food above a certain percentage of the manufacturing cost” so kinda like you can’t charge 15 dollars for eggs if the overall cost of producing those individual eggs is significantly lower than 15 dollars.
That would be good yeah maybe that would be good
Yup, prices should track cost to produce. Currently production costs have gone down but prices are still up, and that leads to the record profits we've seen.
Something like that won’t get past republicans and some democrats. I’m sure most corporations would sue or lobby for that not to get through either.
@@ruekurei88yeah corporate lobbying in the US is a lot more powerful than people think
We will run out of eggs quickly. If the farmer can't make any money why would he farm. Idiots ..
What are you talking about. Europe has many anti price gouging laws and they are fine. Why do gas prices remain low??? Due to Americans , even the ones that don’t drive, paying subsidies for oil tycoons.
American gas prices are actually much higher than they’ve been historically due to greed. We subsidize these corporations and they STILL get greedy.
Also bc we make our own oil, and don't have to buy it at rip-off prices from the caucuses.
Europe having it doesnt tell us anything about what Harris means when she says it. It isnt a critic to say we dont know what that means and it doesnt make it good or bad. It means we dont know and that people should pressure her to elaborate on that and voice an actionable plan. Otherwise it could just be lipservice because she knows it's a popular sentiment.
Individual states in the U.S. have laws against price gouging, usually during disasters. There is no country-wide law about that in the U.S., as far as I know.
@@xanmiddents6207We make our own oil but consume more than we produce somehow
It's WELL beyond time that our government get involved in the food distribution and housing system. We do NOT have a food SUPPLY problem, we have a food DISTRIBUTION problem. We DO have a housing supply problem, but only because we treat housing like a commodity instead of a necessity.
Less capitalism doesn't mean "full-on communism". We can make intelligent choices about what we leave to the free market and what we treat as essential elements of our life and society that need to be accessible to EVERYONE regardless of means.
Zoning is also a massive issue for housing. A lot of the time new housing isn't built because there's a ton of red tape. Some people want to preserve renovate their historic buildings (which is expensive), some people want to "protect" their single family suburbs. Whatever the NIMBY's rationale, it prevents new construction.
We really need to loosen zoning up to a significant degree. Make it easier to build housing.
That's one step closer to communism
@@matchbox7068 SO WHAT? How many MORE steps towards corporatist oligarchy are we going to take before we take even ONE step backwards towards a more sensible arrangement?
Are you so brainwashed that all you need to hear are the words "Socialism" or "Communism" and your thought processes just shut off altogether?
@@matchbox7068 hello? found the high school dropout too easy
@@its_blitz. I'm a corporate attorney at the moment for a very large company.
If she wants to ban price gouging, then it ahould be for _everything_ and not just "food and groceries". I mean, sure, it would be nice to not have to overpay for what I eat. But I also don't want to be gouged on utilites, gas, buying a home, etc etc etc. It's definitely a step in the right direction... it just doesn't go far enough (as per usual).
It’s gonna take awhile to undo decades of republican policy, if it’s even possible. Gotta start somewhere
I think she also discussed rent caps aside from the 25k downpayment government assistance for first time housebuyers.
This is the way. I support because the alternative isn't way worse but she is far from enough.
it is a start tho
Price gouging creates supply shortages. Harris either doesn't understand economics and/or just trying to buy votes.
Idk about yall but groceries have not ONLY gone up 26%, there’s some instances where im paying 200% of what I was in 2019.
@@braytastic that’s inflation
Firstly 2019 is almost 5 years ago … secondly do you have a spreadsheet showing you the numbers?
Yeah, that's called price gouging
@@juliusdauksys2183and banning price gouging won’t do anything either.
Artificial inflation threw the increase of prices and reduction of goods you get for the price @@jellojiei6061
I hope that the details of the legislation incentivize people to build different types of homes. You used to be able to get a duplex or townhome, but a lot of developers nowadays only build big single-family homes that cost millions of dollars.
A big part of that is zoning, which is usually on a local level. I wouldn't mind federal legislation that forces local areas to relax the red tape, but I also have no idea how that would be reasonably enforced.
@@CAG83 did not know that, thanks for explaining!
@@CAG83 realistically, if the federal government did something like that, it would immediately be challenged by conservative states and thrown out by the supreme court because housing isn't something the federal government is directly given authority over which means it's at the discretion of the states (aside from specific things like regulation of the associated environmental impacts, infrastructure, transportation)
@@spencerlively3049 the federal government has found loopholes before. For example, withholding funding for certain projects if they didn't follow the new guidelines. It's one of those things where technically they can't enforce the law, but the state also doesn't have any right to the federal governments' funding. Highway funding being the most notable. The federal government could cut funding to non-compliant states. Whether that's the "right or wrong" thing to do is up for debate.
Realistically housing will get worse with the government involvement. It’s probably going to be college all over again. And unlike college which went from affordable easily without loans unaffordable but potentially affordable with loans houses are already ridiculous in their prices. People are just going to accept that 25k as a part of what people have and raise the price 25k and even more potentially probably the same way as student loans are at fault for how expensive college is. They would have to actively relegate the price of homes to undo the damage and they won’t do that. Housing is just irreparably screwed.
26% is a conservative estimate. My weekly grocery bill has doubled in the last year.
Yes aswell as the products themselves shrinking I bought a pizza bun the other day same brand and package size but the bun itself was 30% smaller! 30% IS A LOT! Especially when paying an already increased price
Actually, that is completely false, and if it is somehow true, then it's price gouging by your Supermarket, and you need to SHOP for groceries somewhere else! If you are interested in facts, right now, food prices are 2.2% higher than they were 12 months ago and prices increased 4.9% over the previous one-year period in 2023. To offset this, the average nominal increase in the minimum wage between 2019 and 2023 was 28.6% for most States. If you didn't experience this wage increase, then your State didn't elect to increase its minimum wage, so you also need to move. Dang your chosen Supermarket and your chosen State of residence are both sticking it to you!
@@reb1225 some people can't move. Some people can't shop anywhere else because of food deserts. And a lot of states still go by the federal minimum wage, like PA.
@@hollynivy3769 I see that you have completely missed my entire point. So let me clarify without my attempt at sarcasm. Grocery prices have NOT doubled in the last year. Sorry to have confused you.
Definitely, don't know where he got this statistic
Yeah breakup the monopolies it’s quiet simple, competition is good
When the competitors conspire to collectively set prices as if they were a monopoly, there's no benefit on the consumer side.
@@lordzaboem food prices are some of the most dynamic in the nation
What index, is showing that, there are corporations price gauging Kraft Heinz has had barely any increase of revenue since he pandemic, began, and its EBITA has increased from 6.1 to 6.3 so Barely at al all. They have also only grown I. Market cap by 10 percent since the start of the pandemic.
If they were price gauging these would all be way higher.
"ban on price gouging for groceries"
No one knows what it means, but it's provocative, it gets the people going!
It means to stop companies from rapidly increasing prices. I thought that was obvious
Make it so food suppliers can’t price gouge obviously.
There’s no good reason why food suppliers should be raising prices and making record breaking profits when the average person is struggling to afford basic groceries
According to California law: sellers trying to take unfair advantage of consumers during an emergency or disaster by greatly increasing prices for essential consumer goods and services
@@Blop_murphit's a joke! you've obviously never been to Pairs😂
@@Blop_murpheven though that’s just not how it works. as it turns out, when you mindlessly pump money into the country prices go up as well
Why not forbid these Large companies to own all these homes and house gouge all Americans?
Im not asking for much. some disagreements. Yet Inflation is a factor. Everything is impacted.
Blackrock owns like at least 20% of homes in the US.
She brought that up.
Blackrock owns very few homes.Blackrock owns 6.7% of American Homes for Rent, which owns 59,000 homes in the United States.@@vaccinalx
@@vaccinalx i heard Blackrock drafted her proposal
18 years old and coconut pilled. I'm out volunteering for Mrs. Harris here in Georgia tomorrow!
LMFAO, it's your future your destroying
Go to a real school & learn something. You'll know you're only screwing yourself.
Don't listen to these sad people who think killing a teenager's enthusiasm is a good way to spend their time. This country needs you & others like you! Keep researching the issues & keep fighting when others try to keep you down. Best of luck and stay safe out there! Vote Blue!! 💙💙💙
Good luck!
There's no downside to volunteering just remember to enjoy yourself tomorrow, your help to the people is really appreciated
Not the misspelled unemployment text 😭
It's not inflation, it's price gouging : you don't have record high profits when you're only increasing prices enough to keep up supply for demand. Inflation is down, but gouging is way up
Inflation since 2019 is 23% and groceries have gone up 26%. But Yeah, i guess those 3% count as "price gouging"
Inflation is down is one of the most laughable things I've seen today. Inflation is not down whatsoever. Here's a basic economy lesson. If more money is being spent, inflation is on the rise. More money is currently being spent and the economy is moving money at a ridiculous rate as of now
@@anonymousperson3023 "If more money is being spent, inflation is on the rise. " - Define more money? I mean money is always being spent both by the consumer, the corporations and the government. so what do you mean my more money?
Inflation is still here just slightly less
@@anonymousperson3023inflation is also fueled by companies knowing that if they raise prices higher it will be camouflaged by preexisting inflation.
My problem is not paying for health care it is getting an appointment to see a health care provider. Three to five months in my town for a five minutes one symptom visit.
Where do you live? Country or city is fine
Doctors are brutally overtaxed and in short supply. One of the best things we could do for health care is making it cheaper to become a doctor, which would increase our supply and bring costs down both for doctors and patients
Simply put there is little incentive to become a general practitioner as they pay so far below specialist. Add to that the enormous cost of an md education and debt and it’s not really startling that those who are perusing a career in medicine specialize so that some day they can pay it off and not have 300k in student loans. Doctors also want to get ahead just like every other worker out there.
Also being a teacher of doctors also pays shitty compared to a practice so there is at the same time a limit on how many doctors we can churn out with how many seats in schools are available.
Basically money and a lack of value for public servants holds us all back.
Definitely the exact opposite where I live. I could see five different doctors this week if I wanted. With insurance, I would have to pay $250, without insurance, probably closer to $400. Just for a basic appointment. My mom is currently unable to go to the doctors out of fear of bills. With her insurance from her company, which she works 40 hours a week for, she is sitting on a $300 bill for a checkup and blood pressure meds.
The cost of living is so insane due to rent and grocery price gauging that there isn't any money left over for emergencies, regular doctors visits, or luxuries so our mental isn't completely destroyed. My roommate and I live in one of the cheapest two bedrooms in town and can barely get by with two full time incomes. We cook our own meals. Restrict A.C. usage for only the really hot days. Etc. etc.
The "you got to work hard for what you want. If you don't have enough money, you aren't working hard enough" crowd is insane to me. No matter how much you make, outside the lucky few, the cost of living is just too extreme to get by comfortably. Those that can live comfortably at this point are people with external resources helping support them, people who are old enough (or inherited) to have homes they own and pay far less for than rent, or people who got really lucky and get paid way more than the average person.
@@strangelyukrainian7314aka free education/more state schools which trump actively is against
How about we just let Medicare and Medicaid negotiate ALL drugs. ALL DRUGS.
no middlemen would be better but it's a start
Thought Biden beat it lmao
I have never been this early to my this/favorite channel!!!
What is this administration doing NOW????
i saw him on the beach
Huh? This is a campaign promise for 2025. The administration lost the house in 2022 and the house blocked all the price gouging legislation proposed
Actually pretty good, helps with broth rate issues and the cost of having children, helps with the ridiculous housing and cost of living.
And most important, no wacky bullshit like putting tariffs on Chinese goods that’ll hurt us more than them.
Subsidizing demand only makes things more expensive
@@jmca_power Which is why you set limits to prevent price gouging. Problem solved
@@DrMattHH "Price gouging" in the vast majority of cases is simply the value of a product accurately reflecting supply and demand, if you cap prices, companies won´t find much of an incentive to invest in the area and the availability of the product will drop creating shortages, this in turn will lead to an inflated black market appearing for those same products.
I know the accusation gets used quite a lot, but these types of policies were a significant contributor to the economic collapse of Venezuela
If you want lasting solutions for high prices you need to address it on the supply side, not the demand side, make competition grow so that companies are forced to drop their prices
Make it easier for houses to be built so that the surplus of houses relative to house buyers/renters forces prices to drop,
Sign free trade agreement for the pharmaceutical industry with countries that can produce drugs like insulin much cheaper than companies in the US do (for example by importing these drugs from Mexico or India)
you get the idea...
On top of the the incentives for first time homebuyers, she is proposing effectively punishments for corpos that make it harder for ppl to buy said houses, and incentivizes building new first time homes (tax incentives) as well as opening up empty federal lands for building said homes.
@@ssgevo the problem with this, is that it’s not tax incentives it’s regulations that make building houses so hard in the US getting permits is hell and if you are denied one, that can set you back weeks in which you m can do nothing.
Price gouging is when companies monopolize an industry and then ratchet up the price to the highest it could possibly be. Since there is no competition consumers have no choice but to pay whatever price these corporations demand. Almost every industry is monopolized by a handful of super conglomerates that literally set prices to the point where existing is barely affordable. It would take a lot of regulations to fix it, and there's no way that will happen unless the Republicans loose the congressional majority and the Democrats widen the Senate majority. Good luck with that.
Except who do these monopolies support financially? Microsoft, Amazon, Google all support Democrats. You might want to use some critical thinking here.
@@dan-lr4zm Source? If you can't provide one, you're admitting you're wrong
@dan-lr4zm You named a couple socially conscious companies. You forgot Amazon, Home Depot, Walmart, all oil companies, the Koch Brothers, Elon Musk, etc., etc , etc. support Trump. SMH. Republicans support corporate greed. Nice try.
Why wasn’t this an issue when Trump was president?
@@FurtherFernandoCorporations manipulate our economy.They cause problems when they want to make Dems look bad because Dems support labor. They totally screwed Carter. Do not trust corporations.
I think what would be a great thing to discuss is food waste! No one discusses this. I live in the U.S. but read many years ago that in France that stores instead of throwing out legit food they built supermarkets where those supermarkets are required to call the nearest one for pickup and the food is free in those stores, as well as donating to various charities.
This food waste became law in France in 2016. Esp in the United States where there is so much food waste if we really want to talk about poverty.
it's a function of capitalism, all about what price can be obtained or they want it destroyed so nobody can benefit, that would reduce sales
This is pretty aggressive stuff and I’m fully in favor of most of it. HOWEVER, the tax credit for building new homes is interesting. Most of the homes that will be built are single family homes in suburban neighborhoods that won’t really help the housing supply and demand crisis. Overall; however, this is a good plan
Aggressive=Communism
And it’s 3 million housing units. That could be anything ranging thru apartments, condos, actual houses, etc. Shove as many people into a single building unit was possible and call it living.
I love all of y’all’s videos. I think you are a great addition to the team.
Not going back!
To a better economy, lower housing, and a secure border? Like C.S Lewis stated in Mere Christianity sometimes the most progressive thing to do is go back…
@@shawnboahene5231 I'm not going back to the worst job situation since Hoover, a disastrous trade policy, and big corporations getting huge handouts.
💪🏽 fight that good fight against the misinformed trolls!!!
@@cntrlpwrsprod I’m sorry but I would have to disagree 🥲 Things were allot cheaper and I don’t see Bidens economic plan working on the receipt 🥲 Imma vote Trump just to help America out a lil. I respect your opinion though.
@@richardespinoza2839 Honestly Bidenomics we're not up to par with my expectations. I am confident in Mrs. Harris to improve on the errors of her predecessor.
This is HUGE for me. I have serious food allergies, and I hate apensing 200ish dollars on one person.
Lol
You're still going to. This won't change anything for what you buy because it is specialty foods.
Anything to justify you voting for more of this nonsense. You crying about food prices when this current administration gives thousands of dollars in food stamps to illegal immigrants.
@Keys879 lol yes but my other stuff like apples, eggs, will go down. It all adds up.
@@murphyslaw942 No it won’t. I can guarantee it. We won’t see lowering prices for a long time.
The tax credit got my grandbabies into a house this year
I like the child tax credit but as for first time home buyers 1million times 25k is 25 billion wheres that money gonna come from?
Holy shit if I could get that 25k down payment assistance I might actually be able to afford a house... holy crap that's big
No it's not. That means houses will now cost 25 thousand more. Economy doesn't work that way.
@@jaredvester blah blah blah. People always say this bullshit and it's never true.
@@DrMattHH It is literally and factually true. Take an economics class.
@@DrMattHHhow do you think the housing crisis of 09 happened
@@DrMattHH lmfao, it happens every time 🤪
Where is all this money going to come from for the tax credits, etc.? More taxes! Or just print more money and have more inflation.
What has she done for the last 3 years?... 😅
Remember when the government introduced student loans, college tuition went up! It will be the same with housing! That $325k house is now $350k!
And the costs? Wait for it. Tax the richer more fairly. Genius ❤Trickle down economics is a cruel joke.
If you look at the wealthiest companies and CEO's, the vast majority of billionaires are democrats in California. Liberals have 100 % control of California so why don't they tax all those wealthy democrats 100% for everything they make over 10 million dollars.
@@psingh1488 If you took all the wealth from all the billionaires in the us and took all their wealth at current prices, you could fund the government for about 9 months.
Cite one time when someone actually advocated for “trickle down economics” it was coined by socialists in the 40s against people who wanted less taxes.
@@jellojiei6061 what a small minded response. Who is asking for the entire government to be shut down, drain the billionaires accounts and use only their money to fund the government? 🤦. These uber uber wealthy, could have only made their fortunes in the United States, nowhere else. You think Elon Musk could have made his fortune in Rhodesia?? lol. No, he did it in the United States. With all the access to its courts, respect for property laws, pool of capital, and everything else that only USA can provide. Amassing that type of wealth is only possible in here. If you make it here, why not pay a little, not all, just a smidgen, to pay back into the system. If joe the plumber can pay 30 percent tax rate, how about a 5 percent tax on the uber wealthy? Explain your logic if not please. They made their wealth here. Its called the PRICE OF CITIZENSHIP.
When you give a rich man a tax break he sends if offshore, or puts into a trust fund for his kids. When the rich man wants to open a business, he does not need a tax cut to fund his expansion. He goes to the bank and gets a LOAN. Trickle down economics is nothing but smoke and mirrors. When joe the plumber gets a tax break, he buys a car, buys dinner, goes to the movies, buys a TV. The factory that made that TV gets a product sold. Another job in the factory gets created. The factory owner gets richer. Makes sense?? Joe the plumber puts his tax cut back into the economy and the economy grows. Economics 101.
You are clearly not a billionaire or even wealthy by any measure. Nicky Haley 2028.
@@Admiral_Grufus Admiral see my response to Jello. Thanks for participating!
Building more homes won’t do anything about corporations buying them up and renting them out
she talked about this in her speech. she plans to put a stop to investors buying up a bunch of homes that should be going to first time owners.
@@sainttheresetaylor2054 by?
@@sainttheresetaylor2054the same investors that pay her constituents?
We're not going back!😊
nor forward. you will be stuck in the position on the plantation.
What index, is showing that, corporations are price gauging Kraft Heinz has had barely any increase of revenue since he pandemic, began, and its EBITA has increased from 6.1 to 6.3 so Barely at al all. They have also only grown I. Market cap by 10 percent since the start of the pandemic.
If they were price gauging these would all be way higher.
@@jellojiei6061 I hate to bust your bubble! But I never said anything about that. So give me a minute so I can figure out who you people are.
@@curtisbabcock781 I hate to be that guy but I disagree. all expenses have doubled since the pandemic and I don’t trust Kamala, who kinda screwed some in the community in California and Walz who handed the Floyd protests terribly. Simply put. I voted for Joe Biden in the primaries not Kamala. I respect your opinion 100% but don’t stand by it and will be voting red.
Good. Feeding a family of 4 shouldn't have to cost $250-$300+ per week.
$4 for a meal is a good price tho
Trump is proposing a Sales Tax which will put up the prices for many things.
Wrong
@@joshuakelly9390 Yes you are.
@@hiddendragon415 citation
@@joshuakelly9390 Grow up kid
@hiddendragon415 that's what I thought
All these policies are encouraging. It's all well and good to encourage and assist families. But I haven't heard a thing about how she will help fixed income seniors and the truly disabled struggling to live on social security.
If she can get that done im all for her
Then why hasn't she? She's been in office for the last four years. Why only now all of a sudden?
@@Keys879 Believe it or not, the VP doesn't have a magic wand to make everything magically better 😮
@@logankneller No one said she should have a "Magic Wand" but how do you think that suddenly the President will either? The game isn't that simple. Just because she is VP or POTUS doesn't mean there are a ton of checks and balances, adversaries, or hurdles one would have to overcome to get things passed. Regardless, she's been VP and seen pretty close eye-to-eye with Biden, so how come they haven't pushed for any of this stuff before?
It doesn't matter how much she tries to control price gouging so long as the cost to produce and deliver them is so high. The profit margin for groceries is already pretty low. All this policy would do is destroy small businesses and make prices slightly less while not fixing the core of the problem.
@@motherclucker1235 the core problem is corporate greed which can only be fixed by implementing socialist policies.
Considering that most companies are recording less profits when accounting for inflation, there really isn't any gouging going on. The corporate greed is no worse than it was the last 80 years.
The price of my house just increased $25000. Thanks kamala.
IT'S ALSO UNCLEAR. Where she has been the last FOUR YEARS??????
Do you know what is the job of the vice president?
Meanwhile, Trump was the actual president for four years and didn’t help our economy… still no legislation any of trumpies can tell me he introduced to help… in fact, he gave massive tax cuts to the wealthy and they still ended up raising their prices of goods significantly 😂
Not trying to be a political guys but just wondering why can't she push her agenda and ideas for the economy now? She's the vice president can't she draft and propose it to congress?
Unfortunately it would not get through the house. House Republicans already stopped a widely popular border bill, so that Donald Trump could run on the border crisis, do you think this would be any different. It is not ideal, but for policies like this to actually become law, democrats must control both houses of Congress. 😢
You also have to consider all these proposals are nice, but who's paying for all this.
@@Dracosniperpeople like Trump
As explained by former Vice President Dan Quayle (under George H.W. Bush), the Vice Presidency is very weird, that you can’t have your own agenda, it’s just the President’s agenda, and you just salute and follow orders.
Also, ever since the first Vice President John Adams got too upity about his office, the Senators hated him and set the precedent that would mostly bind every Vice President after him of prohibiting the Vice President from speaking.
If the constitution was written differently, like having a separate Vice President election on a 5 year term and giving the Vice President the exclusive authority to appoint the members of any committee that contains at least one Senator, then suddenly the Senators would stop hating the Vice President and might try to cozy-up to the Vice President to get better positions in the chamber. However, the U.S. Constitution is not written that way, so the Senate utilizes it’s power under the Constitution to write the rules for the chamber in such a way as to maximize power for Senators, which necessarily means taking power away from the Vice President.
She didn’t need to then, now she needs votes. Anyone with faith in this political circus is beyond saving.
Banning price gouging in a very competitive sector with low profit margins will be very ineffective. Since profit is a tiny portion of the price of food, penalties on excessive profits will not apply.
"wow, Im so glad the government gave me $25k for a home down payment."
"wait... why are all the home down payments $25k more now all of a sudden"
people really don't understand how economics work, do they?
which is why the next step is reducing house prices
This makes no sense. Down payments arent a tacked on cost by the sellers. This is basically like the tax credits for buying an electric vehicle. It's helping the buyer with the costs.
@@usucdik if someone selling you a house KNOWS that the government will just give you 25k towards it (tax credit or cash) they will raise the price of the house to get as much money out of you and the government as possible.
we saw it with colleges. College was cheap back in the day. you know what didn't exist back in the day? the Fafsa and other government aid.
We saw it with hospitals. Hospital bills were cheap back in the day. you know what didn't exist back in the day? government funded healthcare plans.
when the government says "we'll give you free money for X thing" then X thing will become that much more expensive. it's simple economics really.
@@astronxmically2817 The government can not reduce housing prices dude. not how it works.
sure, they can incentivize more houses be built, but at the end of the day they have no direct control over housing costs.
Why don’t they just do these things now?
Profit margin for groceries is 1.5% since when is that gouging
This is just using the sheep and their frustration to push pointless laws that will end up strangling the bottom end of the market and hurting the consumer further. But they will eat it up because they are being lead to a dry trough of water by making them believe grocers are swindling them when it is inflation caused by the very policies of these people lying to the public in office.
false
@@yoohootube
Search it up it’s true
Seeing Jake Tapper say “Kamala is so brat” is so cringe 😂
On Friday, August 16th In South Carolina, you can hear Kamala outline these herself and point to the ways she has already as California's Attorney General, a Senator and Vice President she addressed consumers' economic issues. 😉👍 I'm voting for Harris and Walz they're working to build a bright future and strong middle-class.
Middle class in California is anyone/couple/household making more than 160-200k a year. That’s considered rich in other states. You’re delusional.
we don't want to hear it from her, mostly because we know her record. we'll read analysis
Can we talk about that 25K for first-time homebuyers, because I will cry if that becomes real
Can we point out she says she will focus on it on day one? HER DAY 1 WAS 3.5 YEARS AGO
As VP? Please stop this charade, goofster.
No it wasn't Dumbo. Biden's Day 1 was 3 1/2 years ago
@@hybridgamer723 She was busy fixing the border I guess????
@@richardespinoza2839 ? You mean destroying the border? She says she'll visit the border but when asked when she plans to she avoids the question
Her slogan should be giving a lot of crap away.....
Its not price gouging when it costs twice as much to truck the food around.
That varies greatly depending on the food. Take eggs for example. One specific company (I think in New York) doubled the price of eggs. All this company did us collect eggs and sell them to supermarkets. It claimed that again flu and transportation costs made this necessary. At the same time, it bragged to investors in an official report that it was experiencing all time highest company profits.
Except that it literally doesn't cost much more. It is literally just price gouging. They've been forced to admit on shareholder calls that their overhead is going DOWN while they jack up prices.
@@lordzaboem And the egg thing is a GREAT example because they've been forced to admit that "increasing prices because of avian flu" was completely a lie. Totally made up. EVERYTHING companies say to the public is fake, but they're not legally allowed to lie to shareholders.
Random weird statement here, since there's no reason anything should costs twice as much to transport. Hell, even if gas doubled the shipping costs shouldn't souble as well, bht gas prices are only up like 75c compared to the previous decade.
Thank you for posting important information in a easy way to understand
mostly for the middle class and not the poor....
the middle class deserve a fair shake. i've got nothing against the middle class. but when will the poor get their due? we need a Federal minimum wage raise to at least $20.
Poor people don't ever shop for groceries?
@@usucdik goddamn i wish the middle class would listen
Now wait a gosh darn minute!!
Helping people???
Government greed is blaming corporate greed😂
Who do you think bribes the politicians, sport?
Random "government greed" insertion from nowhere. Good job, bro.
The large corporations will bribe and lobby to ensure price controls benefit them, essentially creating a guarantee on investment, creating more political millionaires.
The lobbyists will ensure a favorable price control insuring return on investment and we will be stuck paying at extremely inflated rates
Stop private equity owning family and single homes.
Corporations own about 2% of homes.
You really think that's the problem...?
@@joshuakelly9390 when ceos are like 0.06% of the population, yes it is a problem
@@astronxmically2817 lol no. Wtf are you talking about
I know someone who has built their entire campaign on that. 👀
I'm sure the Landlord & Banking Party and the Other Landlord & Banking Party will help us out
Where will she get the money for all of this?
the bank
@@automagic11great, more debt and inflation. That will certainly help the US
Taxing the 1% duh she’s made it quite clear in her speeches she’s going after the millionaires and billionaires of America and making them pair their fair share which lowers tax’s on middle to lower income households
@@whitezombie10also Trumps tax cut would literally put the U.S. in 4 trillion dollars in debt
Doesnt cost any money to stop price gouging. It isnt a subsidy. Construction projects, like housing,
do cut into government spending but also generate a lot of work, create jobs, and the economic boon ends up making the government more money with people paying less taxes. The greatest economic prosperity in American history was off the back of the government subsidizing tons of construction and infrastructure. Realistically, she can go even further on the "Lets build stuff" bag and it'll be even better for the American public.
But this should also come with a tax increase for the wealthy minority along side closing loopholes the wealthy use to evade taxes, but thats probably not happening. There are some Americans that horde so much wealth, we could afford to fix every problem America has and their quality of life would not be impacted.
25 000 has being out there for years for first time home buyers.
You guys don’t understand that price control is the end of days for our economy. There’s a reason we’re the biggest economy in the world and it’s because we have a free market.
Incorrect, and also......Way incorrect.
@@michaelweir9666 care to explain?
@@CoolDude-m2c The US hasn't had a free market for as long as it has existed. Capital and government have been tied hand in hand for literal centuries because our entire country depends on its prosperity. Any form of mass privatization has only occurred once; during the Reagan administration, a president whose destructive legacy still haunts us to this day.
it's because we're taking unfair advantage of the entire world and also our own people, but this is coming to an end
The government will subsidize my first Home?
That alone will get me to vote for them.
The government is not subsidizing anything, your still paying for it lmao.
Sweet, another $1.7 trillion on top of all the other spending. That won't cause more inflation.
If we make the billionaires pay taxes instead of giving them tax breaks, that will solve that issue.
@@asongfromunderthefloorboardsno dude, they will leave the USA and then the poor and middle class will be the ones paying the price
@@sugagarcia8176 Living your life giving money to billionaires in hopes that some of the scraps will "trickle down" back to you is nonsense, especially because we've been trying it for 40 years and it hasn't happened yet.
Other countries tax the rich instead of subsidizing them and they are doing just fine.
@@asongfromunderthefloorboards what are you talking about? I am saying that people who are rich enough to move to another country to avoid taxes will do it in a heartbeat, while the people who will have to pay the price of said taxes are the people who cannot leave (aka low and middle class)
@@sugagarcia8176 We currently have taxes. Yet we have more billionaires than any other country. They don't all live in tax haven islands.
We can tax the rich instead of giving them tax money. They are not gods that we need to make sacrifices to.
I’m pretty sure she said price gageing not gouging 😂
"What are you going to do about the high prices you created?"
"Ban them."
Don't worry guys, we have a plan.
Price controls are not a new thing in the U.S.
During WWII, the very popular FDR imposed very strict national price controls on everything, ultimately protecting families and leading the economic stability and prosperity after the war since households were able to build up savings and buy government bonds (since they weren’t spending all their money on groceries). After Hurricane Katrina, Louisiana imposed price controls, where someone coming from out of state with marked-up generators for sale resulted in police seizing those generators for price gouging. Note: that was a deep red Republican state during the Republican President George Bush’s term in office.
@@evannibbe9375 Price controls do not work. disguising them as "anti price gouging" measures won't help.
Can you tell me one way in which Biden’s policies “created” high prices for consumer goods?
It seems like Trump gets a pass for the Covid economy despite us being on the verge of recession before Covid.
And Biden gets blamed for the Covid economy despite getting us out of it with record job growth and investment.
@@MadeagoestoNam don't worry, all she has to do is claim something and these goldfish will all follow and forget in 4 years.
And Trump has zero plan. He's just like "Prices will go down if I'm president because all the corporations adore me and want to make my followers happy." It's fantasy.
i guess some people are too young to remember what happened last time they started passing loans out for us to buy homes
Trump's only policies are "self service" and "unquestioning loyalty".
At least Democrats have a policy
Republicans do have policies, for example eliminating income tax and implement a 10% tariff.
@@sugagarcia8176 Which would both be objectively terrible
That's interesting since Kamala takes policy points from Trump nowadays
@@DrMattHH eliminating income tax would be great if we are able to reduce the spending as much as possible, I bet everyone would like to make 1/3 more of wuat they are already doing it.
The objective of this tariff is to reduce the dependence of other countries on the production of products, granted, it's impossible to eliminate said dependence completely, but covid 19 showed the importance of having products made at home, even If it's more expensive to produce, an example, covid masks
@DrMattHH god you're incredibly economically naive
brat summer? nah, we gonna have a brat summer, lets get cookin those links >:)
All that $25,000 assistance is going to do is raise every homes price by at least $25,000
No, it won't. Most buyers aren't first time home buyers. Plenty of down-payment assistance programs exist without affecting the price of housing.
That's not how anything works. The total cost ofnthe house isn't changing just from a down payment. This only affects the loan from the bank.
Individual tax credits aren't enough. It's corporate income taxes and capital gains tax policies sheltering the extreme wealth.
She was VP for almost 4 years and nothing happened to the prices, except them increasing. No thanks.
Yes. A vice president is an aide. They assist the president. Its not her job to decide what the government does. Its her job to make what Joe Biden wants happen, as best as she can. And she has shown that theres points she disagrees with Biden on that she follows him on anyways because thats her job.
What would you have done as a vice president which would have worked better?
Biden has been a scourge on DC for over 50 years. He literally promised his billionaire donors that nothing would change. There was no way anything meaningful would get done with him in charge.
@@lordzaboem But she voted on the laws and acts as Biden/Harris ticket. So when it's good news she takes credit but when it is trash she wants no credit. Yall need to wake up. She is crazy and wants govt to controll everything price of food, health care,etc.
They increased after the results of the pandemic, which Trump oversaw and was an utter disaster. It's laughably ignore to pretend Biden/Harris did anything to cause these economic problems and they've only been trying to fight them this whole time.
What can these candidates offer single childless peoples? We have economic hardships too, in fact even worse because we depend on only one paycheck.
Have children the govt pays you already it’s called a child credit. Nothing new
Nothing.
No student loans or already payed them off...... Screw you, you get nothing.
No children...... Screw you, you get nothing.
Already bought a house...... Screw you, you get nothing.
But we will take you tax money and give it to the other people.
Kamala's policy will be diasatrous.
Cool rationale you provided there. It's so academic.
@@usucdik price controls is straight out of the Soviet Union. Economics 101. It doesn’t work.
@@usucdik Are you a Chinese spy?
@@ceeIoc That's lame and just dumb to act like the suggestion is suddenly a USSR thing, as if there aren't a million other example throughout history that aren't the fall of the soviet union.
@@usucdik tell me where it worked
Why is she not doing all this now. She is the real pres.
no she is not. biden is still working.
@@sainttheresetaylor2054 if you think Biden is running this country, you need to wakeup
When will we get RFK jr’s policies?
Haha good one
Who? Not the brain worm guy?
@@christomancihe will get 10-20% of the vote that's what he is polling
He is a serious candidate probably not going to win but get 20% of the vote. Anyways he wants to cut spending
That would be nice to see too
Price controls worked so well in Venezuela...
Yes but like who's paying for the homes? I'm not buying somone else's house
Neither Heals-Up or Timpon were voted for by anyone. Now that’s democracy…
Ill believe it when i see it. Probably another empty promise.
Probably. It is worth noting though that the Democrats have read the room & feel like they have to at least pretend they're in favor of these policies. Pulling the Overton window back away from the right is always good.
@@DrMattHHbut these policies are mostly bad. Also pulling the Overton Window away from the right is not always a good thing especially if the right is right. Her policies with definitely increase inflation and the deficit. Not to mention very far left.
I think gouging would have something to do with the difference between the cost of the good and how much it's sold for. Maybe if it's above x% it's gouging.
I genuinely hope that she has it so the new homes are built where old, delapidated buildings already exist as someone who enjoys the nature in his suburban town and not feeling like my backyard is almost non-existant.
Not to mention in the housing plan she wants to help state and local governments fund construction of millions new homes, address barriers to build, and prevent predatory investors from buying up all the properties for short term rentals. An actual plan to address a major problem. She already had my vote, but she 200% has my vote now
It wouldn’t do any of that. Remember the 25k is out of your tax money which would only inflate the price of housing and the economy overall. Building housing projects would have to be a state issue since different states would have regulations for specific projects. Meaning it would need the senate. It would also create jobs only for the public sector as jobs could not be sustained without government funding. It would most likely hoarded by the unions as they usually are. It also doesn’t address that the housing issues of today stem from democrat like rent control green policies that prevent building new homes. And illegal immigration which are taking up housing and resources are a problem too
How is the limit on groceries defined
As stated in this very video, nobody knows yet.
It will never be defined, the more vague their promises are, they more they can twist things in their favor
Why isn't she doing it now?
Price controls don’t work. Have any of you ever read a history book?
And yet 100 million people will just say “no she wont” and vote For the other guy as if He will do Literally anything good 4 them
GROCERY STORES MAKE 1 TO 3 PERCENT NET PROFIT! WTF? PRICE GOUGING??? ITS THE BUSH CHILD TAX CREDIT. LOOK IT UP.
They need to curb how many houses corporations can buy. My landlord works for a real-estate corporation that owns like 200 houses in my city. That's 200 houses that could've been bought by someone like me who wants to own my own home
another 2trillion in debt? hell yeah, just keep printing that money!
inflation? never heard of it!
Craaaaazzzzy, she is allready in office as VP and in 4 y the've made it all-time worse😅
we don't need to build new homes, though. we need to eliminate the concept of landlording and just give people a home if they need it.
Subsidizing demand doesn't work. We have done this in the EU with agriculture and it backfired. We ended up with huge farmers dominating the market and they just produce for the subsidiezes and throw away the food they don't sell at the prices they and the supermarkets set.
No
Where's thr half off for Caprisun...?
“The government is going to subsidize buying a house” = “The American Taxpayers are going to subsidize buying a house.” That’s all of us.
Meanwhile tfg has tic tacs
Just put Katie Porter on the committee involving price gauging and she will straighten it out on a white board.
Infact Kati Porter wanted to do this committee on price gauging 2 years ago and maga Republican's said No !
Vote blue down ticket and get it done.
@@juanitaross5492 move to Venezuela
These people aren't real
@juanitaross5492 no please. Take a basic economics class and then you'll vote red forever
@@MrGgabber unless you learn real actual economics and then you'll be a communist
@@MrGgabbervote 🟡 forever
None of this will help so long as corporations are allowed to continue their unrestricted practices. Big grocers like walmart control both ends of the industry and new houses will only get bought up by companies like Blackstone who will continue to raise rent and inflate the housing market prices.