Want empty grocery stores? Vote Kamala Harris
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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
