Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest economic policy aimed at winning over middle-class Americans after jumping into the presidential race over a month ago.
That’s not what we need. We need government caps on goods, services, fees, interest rates, personal worth (billionaires), and housing.
Artificial price caps just disincentivize people from creating more of that good. They don’t solve the underlying problem at all. You just replace people paying more with widespread shortages and people not having it at all.
The goal to reduce prices to increase supply—incentivize people to create more of those things cheaper somehow.