An excess profits tax would be a good deal

Trying for it would be good politics, too.

So COVID has been a grotesque bonanza for America’s most concentrated industries. The long-term cure for the supply crunch is drastic re-regulation of the global logistics system, as well as rebuilding domestic manufacturing and supply. The Biden administration’s antitrust crackdown will also help reduce pricing power.

In the meantime, we need an excess profits tax, to tax away the opportunistic price hikes, just as we did in World War II. Profits that exceeded a normal rate of return, based on several pre-pandemic years, would be subject to a much higher rate of tax.

This idea will both spotlight the real source of the inflation and help pay for the domestic industrial policy that we need to prevent future supply shocks. Even if it’s not enacted, Biden should propose it. - The American Prospect

How to notify the MN AG about COVID-19 price-gouging

This is from an email I got, from the office of Minnesota Attorney General Keith Ellison:

My office has received 150 complaints so far of price-gouging related to COVID-19 since the start of this crisis. Now I have a new tool to fight it.

Yesterday, Governor Walz issued an Executive Order that we worked closely together on that bans price gouging on essential goods and services like food, water, housing, fuel, healthcare, personal hygiene, cleaning supplies and more.

My office will be enforcing this new order, and we’ve set-up a price-gouging complaint form on our website here. If you feel you’ve been a victim of price-gouging, please report it to us.

Here's a link to the complaint form.

Can you imagine a hypothetical MN AG Doug Wardlow prioritizing something like this? Instead of raving about how it's all the fault of Muslims and liberals?