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Message
Just once it would be refreshing for a Republican governor to oppose ‘Price Gouging Laws’
Posted on 1/31/26 at 5:43 pm
Posted on 1/31/26 at 5:43 pm
I live in a very red state and the governor’s emergency order specifically states they will be enforcing a price gouging law (or more specifically, taking measures to prosecute people who ‘price gouge’).
Sigh.
I would dance a jig if a governor came out and said ‘We are going to let the free market work because it will do the best job possible in people getting the resources that they need. There will be no enforcement of any ‘price gouging’ measures’.
Sigh.
I would dance a jig if a governor came out and said ‘We are going to let the free market work because it will do the best job possible in people getting the resources that they need. There will be no enforcement of any ‘price gouging’ measures’.
This post was edited on 1/31/26 at 5:44 pm
14
Posted on 1/31/26 at 5:45 pm to weagle1999
quote:
people getting the resources that they need
Some people need resources more than others though
Posted on 1/31/26 at 5:53 pm to weagle1999
Even most (R) voters are half retarded, so they have to say it, and put one gas station owner's face on TV as being arrested for "gouging."
Posted on 1/31/26 at 6:24 pm to weagle1999
quote:
We are going to let the free market work because it will do the best job
Free market principles depend on fair market value.
Fair market value means the price negotiated between a willing seller and a willing buyer, with neither party UNDER DURESS.
Those last two words are critical
In a state of emergency / disaster situation, is one party under duress?
Something to think about.
Posted on 1/31/26 at 6:28 pm to LSUFanHouston
quote:
Fair market value means the price negotiated between a willing seller and a willing buyer, with neither party UNDER DURESS.
I don’t agree.
The market is the market.
Should someone who doesn’t have a car and is ‘under duress’ to travel to another state get special consideration on the price of a car?
This post was edited on 1/31/26 at 6:31 pm
Posted on 1/31/26 at 6:31 pm to weagle1999
quote:Does it at all concern you that some goods, by their very nature, require extremely long time horizons before it is possible to see an increase in their supply?
‘We are going to let the free market work because it will do the best job possible in people getting the resources that they need. There will be no enforcement of any ‘price gouging’ measures’.
Posted on 1/31/26 at 6:34 pm to weagle1999
Should outlaw different gas prices for cash vs credit.
Posted on 1/31/26 at 6:37 pm to weagle1999
quote:
I don’t agree.
The market is the market.
You obviously have never been in a natural disaster area like a hurricane. The panic buyers and hoarders buy up everything at the grocery store. With no gouging law they set up to sell a bag of ice for 20$ and a loaf of bread for $50. Then the have nots get angry and shoot the hoarder dead and take his shite.
Then go into one of these areas with a load of supplies where there are hungry people and see how controlled that crowd is when you start handing it out and then you run out...
Posted on 1/31/26 at 6:41 pm to weagle1999
Nah. Nothing is absolute. Same reason we need anti-trust laws. Even capitalism can be exploited.
Posted on 1/31/26 at 6:44 pm to weagle1999
Price gauging is good, actually, because the incentive for profit causes suppliers to take risks to alleviate shortages during supply interruptions rather than simply wait out the dangerous situation.
Posted on 1/31/26 at 6:44 pm to GetmorewithLes
quote:
The panic buyers and hoarders buy up everything at the grocery store
This is because the prices are too low.
quote:
With no gouging law they set up to sell a bag of ice for 20$ and a loaf of bread for $50
That stops panic buying and hoarding
Posted on 1/31/26 at 6:49 pm to shutterspeed
quote:
Even capitalism can be exploited.
Limiting the price of gasoline (or bread, or ice) and then limiting the amount that people can buy is the Temu version of capitalism.
This post was edited on 1/31/26 at 6:50 pm
Posted on 1/31/26 at 7:07 pm to GetmorewithLes
quote:
The panic buyers and hoarders buy up everything at the grocery store. With no gouging law they set up to sell a bag of ice for 20$ and a loaf of bread for $50. Then the have nots get angry and shoot the hoarder dead and take his shite.
Thing is, if you allow businesses to price gouge the hoarders cannot afford to do this.
I think there’s a reasonable compromise to be had. Businesses must sell goods at normal prices if the buyer purchases a reasonable amount, but the business can price gouge for items over the amount.
Example: you can get 30 gallons of gas at market price, but each gallon over you must pay double price.
You can buy 3 cases of bottled water at normal price, but each additional case cost way more.
This allows fair pricing to all but regulates the hoarders
Posted on 1/31/26 at 7:09 pm to weagle1999
quote:
quote:
The panic buyers and hoarders buy up everything at the grocery store
This is because the prices are too low.
quote:
With no gouging law they set up to sell a bag of ice for 20$ and a loaf of bread for $50
Absolutely correct. Amazing how may people do not understand capitalism / market forces.
Posted on 1/31/26 at 7:26 pm to LemmyLives
quote:
Even most (R) voters are half retarded,
True enough. Look at all the downvotes for the OP.
Posted on 1/31/26 at 7:33 pm to funnystuff
quote:
Does it at all concern you that some goods, by their very nature, require extremely long time horizons before it is possible to see an increase in their supply?
That may be true. In fact, I'm sure it is.
But I doubt that any basic necessities that people would need in an emergency would fall in this category.
Posted on 1/31/26 at 7:37 pm to weagle1999
Populism is a hell of a drug.
Posted on 1/31/26 at 7:38 pm to funnystuff
quote:
Does it at all concern you that some goods, by their very nature, require extremely long time horizons before it is possible to see an increase in their supply?
You know what will shorten that timeline dramatically? Letting someone charge $1k for a $500 generator. They'll show up like magic.
Posted on 1/31/26 at 7:39 pm to Flats
quote:
Look at all the downvotes for the OP.
Think it’s hilarious when people give a shite about this.
Posted on 1/31/26 at 7:41 pm to Jugbow
quote:
Think it’s hilarious when people give a shite about this.
I doubt anybody gives a shite, it's just indicative of how the forum feels about the free market.
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