▲ 857 ▼ ‘Stop the price-gouging’: Biden hits corporations over high consumer costs (www.cnbc.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 225 comments fedilink hide all child comments
[–] graymess@lemmy.world 5 points 2 years ago (4 children) Price controls are well within the president's powers. It's not that radical of a concept. permalink fedilink source parent hideshow 8 child comments replies: [–] Cethin@lemmy.zip 12 points 2 years ago (1 child) It's within congress's powers for sure. I don't think the president. Congress has done it in the past though, so they for sure can again. permalink fedilink source parent hideshow 2 child comments replies: [–] lolcatnip@reddthat.com 1 point 2 years ago Republicans would never allow it. permalink fedilink source parent [–] money_loo@1337lemmy.com 7 points 2 years ago Why is this upvoted? No, the president of the United States cannot unilaterally implement price controls on goods without the involvement of Congress. Price controls typically involve changes to laws and regulations, which fall under the legislative branch's authority. Congress would need to pass legislation granting such powers or specifically authorizing the president to implement price controls in certain circumstances. permalink fedilink source parent [–] lolcatnip@reddthat.com 1 point 2 years ago In what country? permalink fedilink source parent [+] SCB@lemmy.world -9 points 2 years ago* (1 child) Price controls are an extremely radical concept, themselves. Last thing this economy needs is further distortion. The sucky thing about inflation is you have to run through it like an illness. permalink fedilink source parent hideshow 2 child comments replies: [–] Natanael@slrpnk.net 5 points 2 years ago* (1 child) Windfall taxes. Let them share their gains, that's the whole point of taxes since society don't work otherwise. permalink fedilink source parent hideshow 2 child comments replies: [–] SCB@lemmy.world 3 points 2 years ago That's vastly different from a direct price control, in both intent and effect. I'd love to pass lots more taxes but with the current House that's completely impossible permalink fedilink source parent
[–] Cethin@lemmy.zip 12 points 2 years ago (1 child) It's within congress's powers for sure. I don't think the president. Congress has done it in the past though, so they for sure can again. permalink fedilink source parent hideshow 2 child comments replies: [–] lolcatnip@reddthat.com 1 point 2 years ago Republicans would never allow it. permalink fedilink source parent
[–] lolcatnip@reddthat.com 1 point 2 years ago Republicans would never allow it. permalink fedilink source parent
[–] money_loo@1337lemmy.com 7 points 2 years ago Why is this upvoted? No, the president of the United States cannot unilaterally implement price controls on goods without the involvement of Congress. Price controls typically involve changes to laws and regulations, which fall under the legislative branch's authority. Congress would need to pass legislation granting such powers or specifically authorizing the president to implement price controls in certain circumstances. permalink fedilink source parent
[+] SCB@lemmy.world -9 points 2 years ago* (1 child) Price controls are an extremely radical concept, themselves. Last thing this economy needs is further distortion. The sucky thing about inflation is you have to run through it like an illness. permalink fedilink source parent hideshow 2 child comments replies: [–] Natanael@slrpnk.net 5 points 2 years ago* (1 child) Windfall taxes. Let them share their gains, that's the whole point of taxes since society don't work otherwise. permalink fedilink source parent hideshow 2 child comments replies: [–] SCB@lemmy.world 3 points 2 years ago That's vastly different from a direct price control, in both intent and effect. I'd love to pass lots more taxes but with the current House that's completely impossible permalink fedilink source parent
[–] Natanael@slrpnk.net 5 points 2 years ago* (1 child) Windfall taxes. Let them share their gains, that's the whole point of taxes since society don't work otherwise. permalink fedilink source parent hideshow 2 child comments replies: [–] SCB@lemmy.world 3 points 2 years ago That's vastly different from a direct price control, in both intent and effect. I'd love to pass lots more taxes but with the current House that's completely impossible permalink fedilink source parent
[–] SCB@lemmy.world 3 points 2 years ago That's vastly different from a direct price control, in both intent and effect. I'd love to pass lots more taxes but with the current House that's completely impossible permalink fedilink source parent