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Started By
Message
Should price gouging be allowed?
Posted on 9/1/21 at 2:16 pm
Posted on 9/1/21 at 2:16 pm
Would that help stop people from panic buying and hoarding or would that not do anything and people would still pay regardless of the price? But then I understand how low income would be hurt and necessities would only be for the rich.
24
Posted on 9/1/21 at 2:18 pm to bdavids09
Yes. It prevents Tammy Lynn from buying a metric ton of TP at the beginning of covid based on a Facebook meme.
This post was edited on 9/1/21 at 2:19 pm
Posted on 9/1/21 at 2:21 pm to bdavids09
If it costs you twice as much to get the products you sell, why should you have to eat the extra costs?
Posted on 9/1/21 at 2:23 pm to bdavids09
quote:
Would that help stop people from panic buying and hoarding or would that not do anything and people would still pay regardless of the price? But then I understand how low income would be hurt and necessities would only be for the rich.
price gouging ensures people dont over buy. and its not price gouging. its supply and demand.
it is actualyl a good thing and a market force that ensures everyone can get some and certain people cant or wont buy it all.
Posted on 9/1/21 at 2:24 pm to bdavids09
In theory yes because it is supply and demand, but when there is a disaster and people need supplies I don't think that should be exploited.
Posted on 9/1/21 at 2:27 pm to bdavids09
If you are trying to buy much needed supplies directly after a catastrophic event has occurred then yeah expect to pay a insanely marked up price.
You have no reason to bitch at that time.
You have no reason to bitch at that time.
Posted on 9/1/21 at 2:43 pm to bdavids09
Price gouging - absolutely not and borderline sociopathic in times like these.
Limiting the amount one can purchase in one trip is the way to go when supplies are limited. A little bit for everyone instead of all for few.
Limiting the amount one can purchase in one trip is the way to go when supplies are limited. A little bit for everyone instead of all for few.
Posted on 9/1/21 at 2:44 pm to bdavids09
In areas of government mandated evacuation? No.
All other areas/times? Yes.
Especially now days that everyone has access to multiple social media venues; if some business owner wants to really frick the local community over during a time of crisis, then let that guy have it and hurt his business down the road.
All other areas/times? Yes.
Especially now days that everyone has access to multiple social media venues; if some business owner wants to really frick the local community over during a time of crisis, then let that guy have it and hurt his business down the road.
Posted on 9/1/21 at 2:45 pm to bdavids09
after hurricane Rita my brother and I were selling the leftover beer from my sister's wedding for $100 a case. sold the hell out of em
Posted on 9/1/21 at 2:46 pm to bdavids09
Absolutely. If you want products and services flowing.
Posted on 9/1/21 at 2:48 pm to bdavids09
Price gouging during an emergency is illegal in Louisiana. Report it to the local police.
Posted on 9/1/21 at 2:54 pm to bdavids09
quote:
Should price gouging be allowed?
Yes, capitalism should exist.
Posted on 9/1/21 at 2:56 pm to bdavids09
What is price gouging?
I would gladly pay $5 a gallon for gasoline without having to wait in these lines we have now.
I would gladly pay $5 a gallon for gasoline without having to wait in these lines we have now.
Posted on 9/1/21 at 2:56 pm to bdavids09
Who was the poster that owned a gas station that defended his price gouging several years back?
Posted on 9/1/21 at 3:09 pm to bdavids09
A better solution would be to limit quantities purchased. It would be almost impossible to enforce though without having additional attendees working the pumps.
Ideally, you would allow someone evacuating to fill their vehicle up, but not allow someone to fill up 15 5 gallon gas cans.
Jacking up the price to meet supply and demand is allowed, provided you're within whatever the range is for competitive pricing. Jacking up the price because the next door gas station is out of fuel is and should be illegal.
Ideally, you would allow someone evacuating to fill their vehicle up, but not allow someone to fill up 15 5 gallon gas cans.
Jacking up the price to meet supply and demand is allowed, provided you're within whatever the range is for competitive pricing. Jacking up the price because the next door gas station is out of fuel is and should be illegal.
Posted on 9/1/21 at 3:14 pm to bdavids09
Absolutely. "Gouging" should be allowed.
It creates a huge incentive for more supply to be brought in quickly.
It limits surplus buying.
It allows for pricing differences. Many would gladly and willingly pay extra for gas to not have to wait in a 2 hour line while everyone fills up 10 gas cans in a panic.
It creates a huge incentive for more supply to be brought in quickly.
It limits surplus buying.
It allows for pricing differences. Many would gladly and willingly pay extra for gas to not have to wait in a 2 hour line while everyone fills up 10 gas cans in a panic.
Posted on 9/1/21 at 3:15 pm to bdavids09
As a 1%er I support price gouging. Let me get what I need even if I pay more.
Posted on 9/1/21 at 3:16 pm to bdavids09
When Covid started, I noticed a bunch of women who were buying up tons of Lysol and other cleaning supplies and flipping it at inflated prices on Facebook Marketplace. They were getting bitched at, but people were buying it. Wish I had thought of that.
Posted on 9/1/21 at 3:18 pm to bdavids09
ABSOLUTELY.
Posted on 9/1/21 at 3:19 pm to bdavids09
quote:
price gouging
I don't think there is any such thing. If it's worth it to you then buy it, if not don't. There is no coercion involved. Do people feel bad when they sell stocks or houses that have gone up a lot in value? Higher prices help encourage restocking things like ice and gasoline. A free market functions a lot better than an economy with price controls.
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