VP Kamala Harris, Democratic Party candidate has announced two major economic policies:
1. Price control for basic commoditiies
2. Higher taxes for various income levels (like taxes on unrealized capital gains which can go beyond 40%)
Many observes say her economic plans are popular. They say this is Kamalinism
Many commented that this prior announcement will turn US into a commie nation. Price controls have not worked for USSR, for Venezuela, for Nixon adminsitration.
Will her party support such a plan? Will she win? What is the effect to the Philippines if she gets elected?
