Want empty grocery stores? Vote Kamala Harris
Kamala Harris ‘price gouging’ plan is designed to score political points, not fix problems
By Kelly Lester Fox News
3 min read| Published September 6, 2024 7:00am EDT
Vice President Kamala Harris has just unveiled a proposal that’s as misguided as it is dangerous: capping grocery prices to prevent so-called "price gouging" by large grocery chains. On the surface, it might sound like a noble attempt to shield American consumers from rising costs, but make no mistake — this is a deeply flawed idea that would do far more harm than good. In fact, it’s nothing short of an economic train wreck in the making.
Harris’s proposal hinges on the notion that grocery stores are pocketing obscene profits at the expense of struggling families. But this narrative is nothing more than political grandstanding. The truth is that grocery stores operate on razor-thin profit margins, typically between 1-3%. This is an industry where a few cents can make or break a business.
And let’s not forget the farmers. These are the people who work tirelessly to put food on our tables, and they’re already struggling to stay afloat. As stated in a recent John Locke Foundation report, rising costs for fuel, fertilizer and labor, along with unpredictable weather and market volatility, have left many farmers on the brink of financial ruin. Harris’s proposal threatens to push them over the edge.
If grocery stores can’t pass on the increased costs of production, they’ll squeeze their suppliers — our farmers — until they’re forced out of business. And when farmers go under, it’s not just their livelihoods at stake — it’s our entire food supply.
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https://www.foxnews.com/opinion/want-empty-grocery-stores-vote-kamala-harris
