Kamala Harris' price gouging proposal isn't about price controls: Former economic advisor Mike Pyle
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- Mike Pyle, former chief economic advisor to Vice President Kamala Harris, joins 'Squawk Box' to discuss the Harris economic agenda, her proposal to crack down on grocery prices, raising corporate tax rates, and more.
All these people explaining for her. Why is she not doing interviews and explaining?
Because Kamala never does interviews. She is a terrible interviewee anyway, but she also doesn’t want the American voters to know she has nothing to stand on.
She doesn't have the brains
Because she’s unintelligent. Simple.
She's busy. Very busy. Or haven't you noticed.
@@topgrain 😂
This guy is a phony!
Yes, he even 👀 like one
no, you are a phony!
Man these guys are very adept and polished at lying thru their teeth and directly to your face.
No 😂 You are just stupid
Lets face, inflation is still too high and they failed to ever cause restriction.
Master gaslighters!! Right out of Cloward and Piven!!!!
@kenstaggs744 You are talking about a prerequisite to be a democrat!
Most people won’t notice
People are so gullible. Listen to the language. “ cop on the beat”. 80,000 new irs agents. We’re done
A cop on the beat does not mean an IRS agent. It means that someone overseas and keeps abreast of prices during an emergency.. I’d also like to remind you that last year alone the IRS brought in over $400 million of unpaid tax revenues.
This dude is a politician first, economists last.
He's a sock puppet.
I’ve seen smarter sock puppets!
Kudos to the presenter on pushing back on the ridiculous policies.
💯
Yes I liked how he didn’t let him make a speech and confronted their policies.
When the farmer has to pay $4 per gallon for diesel fuel your vegetables are going to cost more.
Why the presenter sounds like a politician?
He has money in the game
Because of Sinclair Broadcast Group owns almost all NEWS and all the stations, all the magazines, radio stations and news papers so they can lie to the people from all angels and they accept it. TV manufacturing, radio manufacturing, the designs, everything to do with media is owned mostly all of it, 95% is all one corp.
"Oh Americans don't like grocery prices? Let's throw up a new policy that uses all the words of progress but is actually completely useless."
He started out saying 40 out of 50 states already have it. Why would you waste money on redundancy.
He started out with lies and distortions, There ain’t 40 states having a “cop on the beat”, what they really want it for gov agencies unelected bureaucrats dictating and setting price controls. They just don’t want to come out and say it.
It’s a bad idea in those 40 states. “Price gouging” is a myth.
Stop printing money, and giving it to other countries lol. Too funny. I watch this for comedy 😂
They never mention cutting military spending, it’s out of control
Government spending period needs cut
JOE ---- Social Security is not an entitlement
But Joe doesn’t care
The government feels entitled to take it out of your paycheck though.
Sounds like his whole goal in life is to get rid of social security. Don’t know why seniors getting back what they paid into is so bothersome or significant to him
@@grayson124it runs out in 2032
@@JameyLanepeople getting more back when retire.
She said price controls though and increase in capital gains tax and tax on unrealized gains. Don’t try and spin it.
😂 no she didn’t the media said price controls
No way they can fix this mess without raising the fiscal. The resentment from all these people they know that giving more incentives will make things worse
@@shades25x
The media also called her a border czar but had to take it back 😂
@@jessicadavid5661 the MSM are lazy and don’t actually do real reporting. They just run with narratives and don’t fact check.
What would it be like to pay tax on an unrealized capital gain only to lose it the next year in a crash? You can bet they won't let you offset.
Taxing unrealized gains is unconstitutional even if it is above $100 mill. Think about this people if the government gets comfortable taxing them what is stopping them later from coming after you? Would you wanna spend money on a gain you never got to begin with? This is BEEE ESSSS!!
Unrealized gains tax is the gateway to a permanent wealth tax, collected on everything you and your employer own.
Corporations used the pandemic and the supply chain disruptions as excuses to raise prices and keep them high, even though those issues have long been resolved.
We are tired of paid activists acting as "journalists".
They should Lower the price or pay monthly efty fines.
Ty🙏
Shipping costs are still twice what they were pre covid. Nothing has come down thanks to Biden and Harris.
Corporations don't pay taxes. Let Walter Williams explain:
“Faced with a tax, a corporation can shift the tax burden by raising its product prices, lowering dividends or laying off workers. The lesson here is that only people pay taxes, not legal fictions like corporations. Corporations are simply tax collectors for the government. Similarly, no one would fall for a politician telling a homeowner, "I'm not going to tax you; I'm going to tax your property." I guarantee that it will be a person, not the property, writing out the check to the taxing authority. Again, only people pay taxes.” - Walter E. Williams, economist
This is fun watching Harris advisor stumble over basic logical questions.
How is the government going to decide what is a fair price for millions of different products? Nonsense!
Millions, you mean hundreds of millions and they cannot it is a lie.
Your phone allows you, in milliseconds, to find the cheapest price on any product in the world - it called competition, not government rulers !
The Whitehouse is blowing smoke like it has done these past 3.5 years.
He was in BlackRock.... This is a Global Advisor.......
how in the hell is building new houses is going to solve the problems when there houses setting empty everywhere because people cant afford to buy them.
Seems like we've been there & done that, doesn't it 🤯
supply and demand?
Them house are for the non tax paying illegals you know the ones that got seperated from their kids. SMH
@@ReRe-kr1htyes just look back to the seventies. Price caps DO NOT WORK! It’s called socialism!
if you have a lot more of something, it's worth a lot less to consumers
Explain to me how corporations pay taxes. Don't they just pass it on to their customers just like any other cost?
I’m glad he doesn’t sit back and let these guests just have their way. He’s a straight shooter asking good questions. I appreciate him.
no wonder why cnbc rating are on the floor with these guests...Gomer Pyle is a democratic pawn.
Please, Donald get off this site and get back on your so-called truth social
@@missouri6014 love all the thumbs up. thank you all
I agree about Pyle being a democratic pawn, but you have to give credit for the older gentleman for digging into Pyle and calling out his nonsense.
@@HankTheTank23 I did not think it was nonsense
@@missouri6014 Price gouging is a made up phenomenon (except in the case of true monopolies) to deflect blame from the Biden-Harris administration’s shortcomings towards corporations. Moreover, if the policy is only supposed to prevent price gouging in the context of emergencies, why did Harris bring them up in the context of lowering every day store prices? Doesn’t make any sense.
Our CEOs are basically telling us “we are not to be messed with”
Once again CEO MONEY HOARDERS / ABUSE OF POWER. Attack the money and wow do the jackals come out...they just dont like someone telling them to stop abusing the consumer. Typical and why we will continue to be priced out of existence.
1,100 plus days in office and NOW she’s going to get her act together. BS. You can’t tax a country into prosperity
what was the top marginal rate in 1955
....as Vice President. Keep it in context. Imagine, the VP telling the President what their policies should be.
@@lovetalxPolled as the worst VP EVER! Tulsi ripped Kamala’s record apart from keeping prisoners on death row when she new they were innocent amongst many other things. She was tasked with controlling the boarder and failed miserably. What has she done? How is she ever qualified based on her record? Open your eyes and use your brain.
As VP, she is not the one calling the shot. It’s about time people haves paying their fair share. I pay 40%+ tax, but many billionaires paying much lower rate, how’s it fair.
A liar is gonna lie
But government dictating the prices of items is literally price control.
If Harris is elected, more government spending and telling us what to do with our own money. No crypto cause Fed/central bank knows what's best for me. What a joke
The Pentagon can't account 4 trillion dollars missing from it's budget but you trust the Federal Government to monitor the price of cheese in Wisconsin?🤣🤣🤣 What a Kamala Klown show.🎈🤡
Kamala Harris' price controls proposal isn't about price controls.
The cop on the beat will not lower the cost of beef. It’s paying more taxes for cops on the beat that will not do anything when shoplifters steal goods they know democrats won’t prosecute.
It is all about getting Trump and continue corporate tax cut. Americans are not fools
Not fools? Then who voted for Biden?
Read his name from when did Muslims start thinking well of countries with non sharia government they want tim waltz only because he is against Israel pro hamas
I am a MD and paid higher taxes under Trump!
A common sense person on CNBC? How refreshing to hear a liberal channel talking about how businesses need to make a profit to hire and pay people. 😮
When I watched the Republican convention I heard God, Patriotism and Hope. Last night at the DNC - I Heard No Policy, No Agenda, No Denouncing Hamas Just Trump Bashing and Hate!
I watched the RNC and watching the DNC. Last night at DNC I heard Freedom, Hope, God, Patriotism, Family, and I see the proof. The RNC bashed family and Americans
You mean… you also heard God, Patriotism and Hope. Just not from people you like.
@@SirGenesis206 very well put
@@SirGenesis206 Tell me how Progressive Socialist Harris! Who brought us Inflation, 2 Wars, 10 million Illegals, Crime Up, Fentanyl Up, Black on Black Murders Up, Gas Up is even polling at 1%???
Clearly you see and hear what you want, this is what’s scary about what’s happened to us as a nation.
A simple analogy: if two gas stations within a 1/8 mile of one another had a.75 cent difference in price per gallon, the gas station thats price gouging would be out of business within a month.
If corporations purposely overpriced their goods much beyond their intended value, competitors would simply offer these commodities for fair market value, undercutting the price gouging companies and pushing them out of business or forcing them to lower retail prices.
The issue is that government spending causes hyperinflation; as of August 2024, the US federal debt exceeds the US GDP. If you enjoy hyperinflation, which results in exorbitant costs for everything, while your work wages don't increase , Vote for Kamala.
Trick the voters into thinking that any sort of policy they can dream up with will reduce grocery prices.
It will NOT. They MAY be able to aid in stabilizing them at their current levels. Best case scenario.
But to do any of that we have to raise not only your taxes but the corporate tax would you will end up paying on behalf of the corporation in higher prices.
When a politician like this begins by saying, 'Let's be clear', I am certain there will be a lie embedded in what follows. He does lie by omission, then says, 'MORE TAXES!'
NEWSOM said that Kamala has not released the details of her policy yet. So they know MINIMAL info on her policy.
She probably does not know her policy yet. that is why she does not take questions about it!
When there are no substitute options for consumers in case of price hikes, that situation is so called monopoly. You cannot insist to solve this problem only by economic theory, because this is now political, anti-trust and anti-cartel issues.
He actually tried changing the word Tariffs to make it sound like Trump was going to raise Taxes.
This guys want a bail out when things are bad but don want to pay up when things are good.
The worst price gouging is Home Depot. I bought one 10ft 1/2 in PVC pipe, $5.2 after tax! Many many items are not just 15-25% price increased in past 12 months. 😂
If cop on beat in 40 states, why we need it on top at federal level?
Maybe a policy to lower the wages of politicians and keep that currency on the books would help tremendously.
The Arizona ice tea man says he makes plenty of money and there is no need to gouge people and wouldn't charge more than 99 cents and I am currently getting it for 79 cents so copy and paste to the greedy gougers who over charge for things that we have to buy everyday 🇺🇸
Correct me if I'm wrong, but if you raise the corporate tax rate 7% wouldn't companies want to raise prices to compensate for the government taking their profit?
Harris terrible. I’m voting Trump.
Me too
Price gouging is already law.
Sounds like Mike Pyle has been taking "word salad" lessons from Harris. I've watch more of the video and I think this guy is like the Scarecrow from the Wizard of Oz. NO BRAIN
😂they cut the clip when it got to talking about trump’s policies
Social Security is something that is deducted from everybody's pay checks, it's not a entitlement
If these explanations are true then if Harris gets elected this country is in DEEP TROUBLE. You need people who know what they are doing and understand economics.
The strongest economy in history, shouldn't need price controls.
What EXACTLY is a “fair share”? I have never heard a single liberal explain this worn out catch-phrase.
There is no way I could vote Democrat with policy like Kamalas. Things are bad now she'll make things worse. Social security is not an entitlement we paid for for it.
Let’s talk about entitlement:
In the U.S., the fossil fuel industry collected $757 billion of incentives in 2023,
ExxonMobil, Chevron, Shell, TotalEnergies SE, and BP Plc spent $113.8 billion on dividends and stock buybacks in 2023.
What is your point?
Nobody cried for their losses during the pandemic when no one was driving and buying gas
A bit misleading to say that the job growth was not via government. Private sector was strong but several things during both Trump and Biden administration helped. First the checks and loans to businesses in Trump administration and continued under Biden which kept jobs and stimulated growth. Vaccine roll out got people comfortable opening up and got things moving. For Biden admin alone Infrastructure bill, Chips act, and Inflation reduction act have lead to growth in construction and manufacturing jobs that will cause growth in other areas.
Same thought exactly. To say one should take all of the credit and not the other is completely shallow analysis by these guys.
@@zaboe911 He's a bit hacky at times. If he said we need the private sector to be primary driver in long run etc fair enough. The government does play a key role though in things such as emergencies ie Hurricanes covid etc and long term infrastructure planning.
@@keiththoma2559
Inflation reduction act? It rose all the way to 9% under this admin and went down to 3%. That's an increase from 1.4, not a reduction.
@@jessicadavid5661 That was literally the name of the bill. Also inflation was primarily driven by supply chain issues and probably also uptick in retirements of older workers leaving workforce during pandemic.
@@keiththoma2559
12 out of the last 16 years have been led by dims but all this inflation is the orange man's fault? That makes no sense especially when his was so low.
Our anti-trust and anti-monopoly laws are weak. She wants to strengthen them and empower small businesses. That's the point.
This country affects all other major economies world wide.
This guy is the reason you chose you vote correctly. For all of those that like Biden/Harris(Socialist) how does it feel to look and feel like Venezuela?
Paying their fair share is dictating more than what is already taxed now...
That's not American.
Biden like most rich do not pay their far share. They hide their income in tax shelters!
If you have not ran a business, you probably are not the best person to ask what a good leader is! If you own a home or have, you may understand that you don't have to know everything about how to install crown moldings or a window, for instance, to get that job done. A leader understands this. Do the research to gain a good understanding of the subject, but most important, utilize your resources.
Can't believe people try to defend this. And just as someone else said, why doesn't SHE explain it!
Let's just take the cheapest eggs you can find on the market for example. Before the Democratic convention, egg prices were an average of $2.88 per dozen. This week, right after the convention and when Kamala Harris' polls gained ground against Donald Trump, eggs went up an average of $3.48 per dozen. That's right. In one week eggs went from $2.88 p/dz to $3.48 for no reason at all except, of course political. These billion dollar corporations favor Donald Trump because they are being promised another huge tax break and no taxes for incomes of over $10 million dollars according to Project 2025. These food industries are purposely price gauging to have people think it's Biden/Harris bad economy. The inflation is at a low 2.8%, which is within a reasonable level. These same companies have been making more profits than ever before in history. THERE IS NO EXCUSE OTHER THAN A POLITICAL ONE! And they are getting government grants to try to keep prices low. I WANT AN INVESTIGATION OF PRICE GAUGING AND MY TAX MONEY BACK! Those industries are in breach of their part of the deal!
Corporate profits may look higher, but with cumulative unflation under Biden the dollar is worth 25% less
Sick of this BS 4 years ago life was much more peaceful and prosperous!! The fish is cooked no more questions Harris / democrats are bad for the country/corporation
Inflation was caused by those UnnecessaryLockdowns.
CNBC totally misrepresents this issue. Corporate monopolies have been price gouging since the pandemic. Both Obama and Trump tried to deal with it but weren't successful. Biden did a much better job and now Harris wants to continue it. Vote Blue and maybe we may actually get lower prices. These corporations have artificially inflated their prices and doubled profits since the pandemic.
no thanks I rather not have a Kers Starmer... thank god for state rights.
$60B to Ukraine and $1.7M to Maui.
Soo, the words 'price controls' coming out of her mouth don't mean price controls, the just mean duplicating laws that already exist to make sure people don't exploit during emergency situations. Got it. Mike, have you been hanging out with KJP.
She's campaigning on policies that she thinks will fix the mess she created, why not do it now, she and uncle is in charge.
He does not answer any questions. If her team is all like this, we are doomed
A 33% tax increase on U.S. businesses will make them less competitive on world markets. Make your businesses more competitive so they hire more people by lowering their tax by 33%, reduce it to 14%.
🤣🤣
Those wealthy businesses wil start laying people off. Drilling our own oil will change everything.
tax on Millionaire is a crook of S... They will tax the middle class period....
Don’t vote for your politics but vote for your finances
Is someone going to explain to Joe that the federal government creates the conditions for corporations to thrive and conduct business?
It's amazing, frankly, how such well educated individuals (multiple ivy league schools in the case of this gentlemen), try and explain themselves, using the same stale talking points, with little substance, that far less educated individuals are using.
38 states already have price gouging laws
Therefore how is what she proposes going to make a difference!
If business has to pay more tax, the business will then get it back from its employees. In the end it’s the middle class who has to pay
Cop on the beat, cop on the beat, cop on the beat........and then says, need more taxes 🤦
Who is paiyng for all this..the people who pay taxes
Record profits from companies and record stock levels but middle america isn't seeing any of it.
It sounds like price controls but it isn't? Kind of like it sounds like a duck, walks like a duck, but is totally a cat? Even if it is not "price controls" its a crack down on something that does not exist and will greatly increase the price for everything with the increase in regulations. But, if those prices increase, they will say, "no people cant afford that and you can't set the price that high." So in a round about way, its price controls.
Kamala: “Bidenomics is working!”
Interviewer: “the administration was well aware that it was underwater on Bidenomics and on the economy…”
Kamala: 👀 🤷🏽♀️
damage Control, no need to spin it. she knew what she said.
How is 1-2% profit from groceries gouging ?
‘Cop on the beat’ for WHAT??!! 🤣🤣🤣
It's apparently obvious that you Americans haven't been shopping in Cuba, Argentina, or Venezuela maybe you all should learn to live with nothing so you understand why everyone comes here. Your leadership doesn't make sence anymore.
I can't vote for that. It makes every corporation less profitable. Stocks reprice and we are all poorer. I wish republicans had an electable candidate.
Kamala wants grocery police?
This person seems to be working hard to try to control damage done by Ms Harris. Regrettably, he fails to acknowledge that the best way by far to manage rampant inflation is to promote free market, driven by healthy and fair competition among businesses and full information for the consumers; i.e., by more deregulation NOT by more regulation and bigger government.
Oh, buying a house look at property taxes.Look how much it cost to get turn permit.
It's insane!!!
why doesn't she do it now?
Price gouging is communistic
Why do corporations get so scared when VIP gains ground?
Odd spot to cut-off video.
The final comments are misleading and there was no opportunity for rebuttal.
Why cut the segment at that spot?
Great interviewer
What a piece of work.
Money velocity is what generates tax
revenue and healthy economy. Not taxing the crap out to companies and people.
price controls are absolutely terrible policy.
Price gouging is not price controls, two different terms