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Message
re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 12:35 pm to Ace Midnight
Posted on 8/31/17 at 12:35 pm to Ace Midnight
quote:
The IRS can be relatively generous in these situations - let the store take a huge inventory loss in these cases and store owners can just give food and water away
Wouldn't that be shifting the costs onto other taxpayers?
This post was edited on 8/31/17 at 12:36 pm
1
Posted on 8/31/17 at 12:49 pm to weagle99
quote:
Wouldn't that be shifting the costs onto other taxpayers?
It is, but buying emergency supplies at cost, with no other expenses associated with storage, transportation and distribution is a pretty good deal.
Most of the actual cost will be picked up by the insurer - which is shifting the cost onto other policy holders (as it should be).
Like I said, you can't do that all the time, but you can make extraordinary gestures during extraordinary times.
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