Romanian government plans to cap markup on local foods.
(www.euractiv.com)
from True@lemy.lol to world@lemmy.world on 02 Sep 2024 06:34
https://lemy.lol/post/30589558
from True@lemy.lol to world@lemmy.world on 02 Sep 2024 06:34
https://lemy.lol/post/30589558
Romania’s Ministry of Agriculture is working on an emergency decree to limit the markup on Romanian food products to 20%.
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We have elections this year.
Profit limits of 10-20% across all sorts of essential industries would be good, I think.
Have some kind of progressive tax incentive where if your profit comes in under the limit you get a tax credit, and if your profit is over the limit you pay higher and higher taxes until it's quickly not worth it anymore.
I don't know the details, but some system where responsible businesses are better off overall than exploitative ones...
Yeah, is this cap going to extend to the input costs the farm has to deal with? This is just pushing the problem down the road.
Eliminating bullshit on the costs side of the equation is also important work that should be done.
It's worth noting that profit margins for farmers are a LOT thinner on average than the limits I spitballed above. You can't quite get from raw prices to profit margins directly, but the further away you get from the farmers, the more bullshit there seems to be.
Just try it one more time bro, it will be different this time, bro, I swear price caps will work this time just try it bro
Because that’ll always work