Ones and Tooze Why Are Food Prices Surging?
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Aug 23, 2024 
Kamala Harris, a political figure focused on combating price gouging, discusses the staggering 20% surge in food prices and its implications for American households. She highlights the federal efforts to address potentially exploitative pricing practices by grocery chains. Additionally, the conversation shifts to the political turmoil in Bangladesh, examining how recent leadership changes could reshape the country's economy and impact its vital industries. Harris connects these global challenges to broader themes of economic inequality and political responsibility.
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Price Gouging Definition
- "Price gouging" has a specific legal definition, referring to excessive price increases during emergencies.
- Current political discourse uses it to express general grievances about high grocery prices, not necessarily actual gouging.
History of Tipping
- The word "tip" originates from 18th-century English criminal slang, related to "gratuity."
- The practice of tipping spread to the US with a racialized history, linked to Pullman's poorly paid freed black railway workers.
Tax-Free Tips
- Tips in the US are a formalized part of the labor code, unlike other countries.
- Making tips tax-free would significantly impact the US fiscal system, potentially costing billions annually.