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There's an easy solution to this. Integrate some sort of tax on rent increase. Have a threshold to allow competition but if someone is gouging then their entire
by gremlinsinc 7y ago
There's an easy solution to this. Integrate some sort of tax on rent increase. Have a threshold to allow competition but if someone is gouging then their entire tax bracket moves up a notch and they spend a lot more than the money they make via upping their prices.
E.g. Say they sell rice at $3/lb, because of UBI they think they can sell it at $5/lb, gov't says 10% markup seems normal, but you've marked it up 200%, so you'll now pay 20% more taxes across the board --say the markup divided by 10.
Of course that takes a large amount effort behind the scenes...maybe an easier method would be say to Walmart: If you forbid sales of products where they raise prices in relation to GBI we'll give you a 10% discount in taxes.
Most small retailers and distributors do NOT want to lose good grace w/ walmart so they keep prices stable. Since walmart and other big retailers cover a lot of territory government only needs to make the deal with a few partners : Amazon, Walmart, Target, etc...
- niij 7y agoYour solution to government overreach of UBI is.. government mandated price controls? Fixing one problem with a bigger one. I'm going to go out on a limb here and say that's never worked anywhere.