But man can she cackle.
https://www.aier.org/article/harris-joy-unabashedly-cynical/
American progressives are out of ideas. Instead of a bold economic agenda, all they have to offer is reruns of policy failures. Vice President Kamala Harris’s recent proposals are notable examples. Behind the facade of joy hides an alarming indifference to the immense costs her schemes would create if she wins the presidency. Economists have a duty to point out just how destructive these proposals are.
Exhibit A is her call for price controls on groceries. Ignore the rhetorical sleight-of-hand from the campaign and its defenders, who insist they only want to clamp down on “price gouging.” This is clearly a call for the government to crack down on retailers who are selling food at any price Harris and other progressive elites deem excessive.
Perhaps no policy has a record as consistently bad as mandatory price caps. While Econ 101 doesn’t always tell the full story, it does an admirable job in this case. Expect shortages, portion shrinkages, and discriminatory sales practices if Harris gets her way. Price controls are such bad policy that other prominent Democrats almost immediately promised that they will never happen. Yet the very fact Harris proposed them is appalling. It is too dangerous to give her the benefit of the doubt.
Next is her growth-killing tax plan. Harris is among those calling for the rich to “pay their fair share.” For starters, the rich tax skimps narrative is ridiculous. The top one percent of income earners already pay more than 40 percent of all federal income taxes. Yet she wants to raise rates anyway. This will dampen incentives to produce and innovate.
https://www.aier.org/article/harris-joy-unabashedly-cynical/
American progressives are out of ideas. Instead of a bold economic agenda, all they have to offer is reruns of policy failures. Vice President Kamala Harris’s recent proposals are notable examples. Behind the facade of joy hides an alarming indifference to the immense costs her schemes would create if she wins the presidency. Economists have a duty to point out just how destructive these proposals are.
Exhibit A is her call for price controls on groceries. Ignore the rhetorical sleight-of-hand from the campaign and its defenders, who insist they only want to clamp down on “price gouging.” This is clearly a call for the government to crack down on retailers who are selling food at any price Harris and other progressive elites deem excessive.
Perhaps no policy has a record as consistently bad as mandatory price caps. While Econ 101 doesn’t always tell the full story, it does an admirable job in this case. Expect shortages, portion shrinkages, and discriminatory sales practices if Harris gets her way. Price controls are such bad policy that other prominent Democrats almost immediately promised that they will never happen. Yet the very fact Harris proposed them is appalling. It is too dangerous to give her the benefit of the doubt.
Next is her growth-killing tax plan. Harris is among those calling for the rich to “pay their fair share.” For starters, the rich tax skimps narrative is ridiculous. The top one percent of income earners already pay more than 40 percent of all federal income taxes. Yet she wants to raise rates anyway. This will dampen incentives to produce and innovate.
