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Message
re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 9:48 am to Willie Stroker
Posted on 8/31/17 at 9:48 am to Willie Stroker
quote:
During times of disaster, human nature expects compassion, not a harsh reality of supply and demand.
Why is one exclusive of another??
IF they are running short of $0.99 water in Houston, what is wrong with someone in Dallas buying up a lot of that water and driving to Houston and selling it for $2.00 a bottle?
And what is right about someone being first in line and buying up all the $0.99 water to hoard in his garage??
Now if someone is really selling water at $20 a bottle, then that should be a signal that the demand is such that someone will be motivated to rush down there and sell for $10 a bottle, and then someone will think of rushing down there to sell at $5 a bottle, and then we are back to the $2 a bottle scenario - then everyone is better off than when the shelves are emptied out of $0.99 water in the first day, with nobody motivated to bring more in to sell at $0.99.
If you make a huge deal out of arresting and prosecuting that first $20 a bottle guy, and announce that "no price gouging will be tolerated" you are stuck with the empty shelves
1
Posted on 8/31/17 at 9:57 am to ChineseBandit58
quote:So the guy that spent 1000s of dollars advertising and competing to sell as much 1.00 water as possible, is suddenly just going to stop selling water. The distributor is not going to ship it at the agreed upon contracted terms, the manufacturer of the water that is in demand and once again already contracted to sell it at a set price...is going to decide to not produce bottles of water.
If you make a huge deal out of arresting and prosecuting that first $20 a bottle guy, and announce that "no price gouging will be tolerated" you are stuck with the empty shelves
It seems every one has a scenario that is a little short sighted as to how this works.
quote:What motivates the water company, distributor and retailer to sell it at a buck every other day for years upon years? Compassion?
with nobody motivated to bring more in to sell at $0.99.
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