> When demand goes up, the price goes up for everyone. It’s not a “tax” on the rest of us in any sense. There’s just a lot of demand everywhere.

> This is actually a textbook example of markets functioning in response to a demand shock where supply cannot be increased rapidly.

You act like it's a competitive market. It's not the case. It's an oligopoly with an extremely inelastic supply side.

The market is already completely broken and ineffective due to concentration and export controls. The actual response to a major demand shock should be investments to increase capacities but it's currently extremely limited because suppliers want to protect their margins and fear the market contracting again.