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Started By
Message
I keep hearing this bullshite about price gouging
Posted on 8/30/17 at 3:20 pm
Posted on 8/30/17 at 3:20 pm
These people are fricking unreal.
It's not price gouging.
It's simply supply and demand whether there is a flood or not. The price will naturally distribute goods where they are needed. Anything else is price controls plain and simple.
22
Posted on 8/30/17 at 3:22 pm to crescentcity
quote:
I keep hearing this bull shite about price gouging by crescentcity
No such thing as price gouging.
That said.
I know exactly how this thread will turn out.
Posted on 8/30/17 at 3:23 pm to crescentcity
my parents own a small gas station and people complained that we didnt sell 24 pack of water for 5$..
Posted on 8/30/17 at 3:23 pm to crescentcity
There is only one case of price gouging in America that I think is uncalled for...
Posted on 8/30/17 at 3:24 pm to Zach
Posted on 8/30/17 at 3:27 pm to crescentcity
I paid $20 for 2 pieces of white bread with a slice of turkey in between in Chalmette in late September of 2005.
It isn't free market, it is exploitation.
It isn't free market, it is exploitation.
Posted on 8/30/17 at 3:30 pm to crescentcity
So you're cool with $100/gallon gas when trying to evacuate the city? Noted.
Posted on 8/30/17 at 3:30 pm to crescentcity
And when he held the gun to my head and said, "give me everything you have and I won't kill you," it seemed like a fair deal at the time, the market for survival being what it is these days.
Or perhaps something external, like a storm and epic flood, is threatening your survival. The economics are the same.
Or perhaps something external, like a storm and epic flood, is threatening your survival. The economics are the same.
Posted on 8/30/17 at 3:30 pm to 9th life
quote:And let the emotional stupidity begin!!!
It isn't free market, it is exploitation.
Posted on 8/30/17 at 3:32 pm to ShortyRob
quote:
And let the emotional stupidity begin!!!
Is that what all the exclamation points are for?
Posted on 8/30/17 at 3:34 pm to crescentcity
Normally you would be right, but taking advantage of people when a natural disaster comes by is morally and ethically wrong.
Posted on 8/30/17 at 3:37 pm to WreckinRams05
People would rather not even have the option of buying a $40 case of water bottles? Inflated prices due to inflated demand and scarcity of replenishment help ration goods for improved access vs hoarding and flipping for profit.
Posted on 8/30/17 at 3:37 pm to 9th life
quote:
Is that what all the exclamation points are for?
I just know that your entire argument will be based on emotion.
There won't be a single valid point made regarding actually getting goods to people. It will all basically be "but it's mean" type stuff.
Posted on 8/30/17 at 3:42 pm to ShortyRob
quote:
I just know that your entire argument will be based on emotion. There won't be a single valid point made regarding actually getting goods to people. It will all basically be "but it's mean" type stuff.
Or you are a short sighted business owner who will gouge prices for a quick buck, but lose constant business and be either bankrupt or forced to sale in 5 years
Posted on 8/30/17 at 3:44 pm to crescentcity
quote:
It's not price gouging. It's simply supply and demand whether there is a flood or not.
It is, by definition, price gouging. What you're actually arguing is that there's nothing wrong with price gouging. I disagree, but even if these folks aren't prosecuted, it would be acceptable to have them put on blast on social media and "let the market play out."
Posted on 8/30/17 at 3:44 pm to 9th life
There is no good answer to this.
Yes. It is exploitation in a lot of cases. But how do you decide when it crosses that threshold? A dollar more? $5? $20?
And how do you decide if its exploitation or if its keeping hoarders away from buying all the goods for themselves?
It is impossible and frankly, a dangerous precedent to try to regulate any "happy medium"
Yes. It is exploitation in a lot of cases. But how do you decide when it crosses that threshold? A dollar more? $5? $20?
And how do you decide if its exploitation or if its keeping hoarders away from buying all the goods for themselves?
It is impossible and frankly, a dangerous precedent to try to regulate any "happy medium"
Posted on 8/30/17 at 3:45 pm to crescentcity
quote:
These people are fricking unreal.
It's not price gouging.
It's simply supply and demand whether there is a flood or not. The price will naturally distribute goods where they are needed. Anything else is price controls plain and simple.
Posted on 8/30/17 at 3:46 pm to TBoy
All you guys against "price gouging" I am sure the government will take care of you well since you reject the free market.
Posted on 8/30/17 at 3:46 pm to WreckinRams05
quote:
Normally you would be right, but taking advantage of people when a natural disaster comes by is morally and ethically wrong.
Yes, but say it's hard to get supplies into town during a disaster. If I charge "market" prices to the first few guys, I may be able to afford to hire The Pirogue Guys to deliver more water for me.
Also, if I let you control my prices because of this "natural disaster" someone else will say it's a natural disaster when his dad has a heart attack and I'll have to agree to price controls for that too
Is that what you want??? No, I didn't think so.
Posted on 8/30/17 at 3:47 pm to crescentcity
Nah $42.99 for a case of water is price gouging no matter how you try to spin it.
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