During an interview with Fox Business this week, Shark Tank's Kevin O'Leary did not hold back his criticism of Kamala Harris' economic plan.
O'Leary called the plan "insane" and "un-American," among other things.
The main issue with the plan has been a Communist promise to pass a federal ban on “price gouging” food and penalties for companies who "break the rules."
Harris said in her announcement, “I will work to pass the first-ever federal ban on price gouging on food. My plan will include new penalties for opportunistic companies that exploit crises and break the rules, and we will support smaller food businesses that are trying to play by the rules and get ahead.”
O'Leary had sharp words for the plan, which he noted has been tried in the Soviet Union and Venezuela.
“The best way to describe it is un-American,” O’Leary said.
“In America, we don’t tell a farmer what to sell his apple for and we don’t tell a grocer what to sell it for. That’s how our economy works. We don’t have the Ministry of Grocery pricing. There is no way to monitor this,” he continued. “We tried it in the ’70s, they tried it in the late ’80s in the Soviet Union, they’ve been trying it in Venezuela. It leads to shortages and hyperinflation. This policy is beyond bad, it’s insane.”
O'Leary explained that every time plans like this have been attempted, it has "ended up in an absolute catastrophe."
“I get why she’s doing it, it’s populist, but we are all waiting for when she has to sit in front of you, a reporter, who’ll ask her how she’s going to implement this. That’s when this falls apart. There is no way to do this,” he said. “Every time it is tried, it has ended up in an absolute catastrophe.”
