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Democrats Ignored Pleas To Address Price of ‘Eggs and Gas’, Campaigners Say (portside.org)

submitted 3 weeks ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] jatone@lemmy.dbzer0.com 5 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

neither can really be controlled by congress or the president. neither is the democrat’s fault. neither is biden or harris’ fault.

False. just straight up false. you literally straight up mentioned things to address some of the problems in your post. But besides that congress absolutely can pass laws that penalize companies for profiteering and then enforce them.

Pass a law making CEO/board members personally liable w/ jail time for a company's profiteering on food prices and watch what happens at even the wiff of a federal investigation.

Now tell me how many democrats supported bernie's windfall bill?

[–] Tinidril@midwest.social 0 points 3 weeks ago

How exactly do you make raising profit margins illegal? You can do it for natural disasters and such, but companies raising prices when the market allows is just what all companies do all the time.

The government is capable of addressing these issues, but not by making profiteering illegal. They need to break up monopolies, vertical integration, and certain trade associations. They also need to address short term performance pay for CEOs. Any performance pay should be tied to company performance over at least the next ten years, not this quarter.