Summary
Vice President JD Vance claimed that Donald Trump’s policies will lower grocery prices, but he failed to provide details.
Instead, Vance emphasized vague goals like increasing capital investment and job creation.
Meanwhile, Trump’s recent tariff threats, including a 25% increase on Colombian coffee imports, have driven coffee prices higher, exacerbating grocery costs.
Critics note Trump’s shifting narrative, as he now admits it is “hard to bring things down once they’re up.”
Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.
Trump should tax the chickens and deport the ones who don’t produce eggs. That’ll scare the others to ramp up production. Trickle down theory for the win. /s
So… wait. A conservative laid out a rug, somehow got themselves elected, and then…. pulled it? As a big fan of rugs, I must say that I am very upset by this.
I can come up with a semi successful plan in five minutes, yet both democrats and republicans rather waddle their toes around because big businesses are in their pants, and democrats barely gain shit because they can’t even win an election to begin with
increasing capital investment and job creation.
So giving rich people money, same plan as the last forty years.
Brilliant.
You mean the man who said he had concepts of a plan didn’t have a plan? Color me shocked.
Dont worry, im sure they have concepts of a plan :3
There’s only one way to lower prices. Extremely aggressive government action that will never happen, especially under a Trump adminstration.
First, they would have to hold Congressional hearings and drag the CEOs of these large corporations in front of the House to explain why their profit margins are going up far faster than normal inflation pressures should dictate, and why this trend started during the COVID pandemic. Let these CEOs try to explain away the price gouging and the profiteering. Hold CEOs in contempt if they refuse to answer or give one of those meaningless word salads of buzzwords meant to say a whole lot of nothing, and actually start jailing these bastards for 30 days for trying to tiptoe around it.
Tax profit margins that are above 2019 levels for the industry at 100%. If the average profit margin for the industry in 2019 was 5% and your company suddenly has a 10% margin in 2024, then tax that additional 5% at a 100% tax rate. Make price gouging both illegal and pointless since the government would just take it all anyway.
When CEOs start having to make regular trips to Washington to explain why their profits keep skyrocketing and the government comes in to take all that excess profit anyway, and watch prices come back down.
Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.
Translation:
Let them eat cake
It seems like it’s kept in the same binder Trump keeps his healthcare plan and his plan to end the war in Ukraine
Trump just wants to be president, he doesn’t want to do president
Does this surprise anyone? I doubt they even have concepts of a plan, because they don’t give a fuck.
Most of these clowns have no idea of how basic economics work. They don’t even understand basic US history. We tried the tariffs and isolationism route, guess what happened? Great Depression.
Sooner or later everyone is going to have to accept these are the new regular prices.
We told you so.
“The way that you lower prices is that you encourage more capital investment into our country,” Vance added.
This clown hasn’t a clue how the economy works.
It’s all gonna trickle down any day now, right?
He knows a lot better than the clowns that voted him in. Lowering prices would mean deflation and that’s pretty much universally seen as a bad thing. The best you can do is increase wages. Of which the GOP will do nothing about.
There are only 3 ways to lower(that came to my mind) prices in a quick way.
1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.
2: More competition. If corporations have to compete with each other they usually start a battle over who gets the best quality for the lowest price.
3: Subsidies. Nothing to say here I guess.
Edit: Point one and three lower production costs. As others have already pointed out, these dont mean lower prices, but more profit for companys
There’s too much evidence all over the world that point 1 would never work. If deregulation relieve then from certain costs, they’ll happily enjoy higher profits. 🤷
1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.
I think corporations have pretty clearly demonstrated an unwillingness to pass savings in their production chain on to the consumer. For example, very few items have gone back down to their pre-pandemic price point, even though scarcity and supply chain issues from COVID have largely resolved.
Secret option 4: general strike. Pay us more, charge less, or we’ll eat the wealthy before we go hungry.
May 1st. 2028. We all walk out together.
Nationalize the companies involved in production and distribution and eliminate profit, making and selling everything at-cost also works.
4 - Reduce Profit Margin.
Corporations don’t willingly give up money. In circumstances like 1 and 3 they’ll more likely just say “thanks for making line go up more” lol. COVID imposed some supply issues that I would assume are mostly mitigated by now, but I haven’t seen costs decrease, only increase–so now we have record profits in many contexts. Subsidies can sometimes help, but it seems to me that the most effective subsidies (in terms of lowering cost) are those with significant, more powerful corporate players downstream (e.g., corn in the US) rather than those purchased by individual consumers who have comparatively little power.
I don’t know that 2 is necessarily quick, but competition can indeed lower prices if a competitor can actually survive against the behemoths in their respective markets. In those instances, corporations can try to shape regulation to squash the upstarts while leaving the big players alone.
I’m not sure that government really has the ability to lower prices in a way that isn’t somehow perverted by large corporate entities given the power they have.
Youre right. I forgot that companies will likely not lower the prices.
What a giant ass. He has nothing to offer at all. Just a fraud.
