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re: Coronavirus price gouger stuck with 18,000 bottles of sanitizers after Amazon bans him
Posted on 3/14/20 at 12:14 pm to bayoubengals88
Posted on 3/14/20 at 12:14 pm to bayoubengals88
The ratio of votes to my post will indicate the percentage of Americans who know anything at all.
I suspect about 20% of us are intelligent.
I suspect about 20% of us are intelligent.
1
Posted on 3/14/20 at 12:15 pm to BHM
quote:
But Amazon is perfectly fine when they are making billions in profits on a normal day?
This comparison makes sense in your brain?
Posted on 3/14/20 at 12:16 pm to bayoubengals88
quote:This is correct. Most people have problems understanding scarcity and microeconomics. You're going to have a tough time selling this here.
If the stores would have increased prices appropriately people like him would not exist. His venture would have been made impossible.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Posted on 3/14/20 at 12:17 pm to Pecker
That’s ok. Simpletons entertain me.
Posted on 3/14/20 at 12:18 pm to bayoubengals88
quote:Yep. For example, if TP were priced appropriately right now, there wouldn't be people hoarding it
That’s ok. Simpletons entertain me.
Posted on 3/14/20 at 12:19 pm to Pecker
quote:All they need to do is go on a search for toilet paper. It’s all gone because it was all too cheap. It’s so easy to see.
You're going to have a tough time selling this here.
Posted on 3/14/20 at 12:19 pm to rickgrimes
The guys is a delusional a-hole. He legit says that he's doing public service.
Posted on 3/14/20 at 12:20 pm to bayoubengals88
quote:
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
When he is held up at gun point because he thinks he has thousands of dollars in merchandise it will become very real.
Posted on 3/14/20 at 12:21 pm to rickgrimes
Should have been more low key. Just like a buck or two more per bottle. Profit.
Posted on 3/14/20 at 12:22 pm to Tigerfan56
quote:
This comparison makes sense in your brain?
Yes, Amazon has found a way to make huge profits by getting people to give them money for stuff they think they need. Many overpay for the convenience but at the end of they dat, nobody is putting a gun to anyone's head.
If you need the hand sanitizer and are willing to pay for it, then do it. If not, there are many other cheap and available alternatives.
Posted on 3/14/20 at 12:23 pm to bayoubengals88
quote:
If the stores would have increased prices appropriately people like him would not exist. His venture would have been made impossible.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
I understand the concept that as demand increases, the stores should have raised prices to deter overbuying and hoarding. Despite that, what the guy in the article did is shitty and he deserves criticism. I think in situations like the one currently we have to think beyond the laws of pure economics and have social values.
This post was edited on 3/14/20 at 12:24 pm
Posted on 3/14/20 at 12:24 pm to rickgrimes
quote:
situation where what I’ve got coming and going could potentially put my family in a really good place financially
This dude deserves to be kicked in the balls
Posted on 3/14/20 at 12:25 pm to rickgrimes
Muh free market
Posted on 3/14/20 at 12:26 pm to rickgrimes
Great ice breakers for a singles mixer. "Hey baby, I got Purell."
This post was edited on 3/14/20 at 12:27 pm
Posted on 3/14/20 at 12:26 pm to rickgrimes
quote:Something tells me if he'd stayed on the lower end of that spread, he'd still be selling.
all for between $8 and $70 each
Posted on 3/14/20 at 12:27 pm to rickgrimes
While I'm a firm believer in capitalism, I also believe sometimes people just deserve a good arse whipping....Matt and Noah fit into that category.
Posted on 3/14/20 at 12:28 pm to phunkatron
quote:
The guys is a delusional a-hole. He legit says that he's doing public service.
When stores run out, he will be the man. There's no such thing as price gouging.
This post was edited on 3/14/20 at 12:29 pm
Posted on 3/14/20 at 12:28 pm to rickgrimes
Just create a new account and sell at a modest markup. Solid effort, whoever paid $70 for a bottle needs a throat punch.
Posted on 3/14/20 at 12:30 pm to bayoubengals88
quote:Making it too expensive for poor people would help everyone get it.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Posted on 3/14/20 at 12:30 pm to bayoubengals88
quote:
If the stores would have increased prices appropriately people like him would not exist. His venture would have been made impossible.
Price gouging is not real. It’s a necessary component of capitalism so that all who need a product can have access to it.
Don't bother. People around here can't fricking understand PEMDAS. You think they're going to understand the need for prices to increase in response to demand to avoid shortages?
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