Oddbean

How Price Controls Could Harm the U.S. Economy Under a President Harris ========== Kamala Harris supports Biden's 2025 tax proposals including a 44.6% capital gains tax and a 25% tax on unrealized gains; price controls, such as rent caps, are proposed as a solution to inflation, but economists warn they lead to shortages and stagnation; 21% average food price increase since Biden's inauguration; 75% of economists disagree that capping rent hikes at 5% annually would help long-term; Nixon's 1971 price freeze led to stagflation; taxing unrealized gains could drive capital out of the U.S.; 128,000 millionaires expected to relocate in 2024; U.S. power developers increased generation capacity by 20.2 gigawatts in H1 2024; gold surpassed $2,500 per ounce; significant declines in new gold discoveries; China approved 11 nuclear reactors to cut emissions. #PriceControls #Economy #KamalaHarris #Taxation #Inflation #Nixon #CapitalGains #MarketForces #EconomicPolicy #WealthMigration https://www.usfunds.com/resource/how-price-controls-could-harm-the-u-s-economy-under-a-president-harris/