What does a federal ban on price gouging look like?
Ð Greıt Þu̇mpkin @ PhlubbaDubba @lemm.ee Posts 6Comments 2,802Joined 2 yr. ago
Ð Greıt Þu̇mpkin @ PhlubbaDubba @lemm.ee
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It'd probably involve a healthy bit of statistical analysis, basically measuring price increases against measured inflation rates and prosecuting anyone statistically outside the standard without a justifying factor like a different formulation for the product or significantly better quality to justify being more expensive.
As for what the punishment would be, I'd say either fining them twice the value of the excess profit, or forcing them to cut prices on all products to twice the margin they went over by until they've lost twice the value they effectively stole.