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Message
re: Do you support price gouging laws?
Posted on 1/30/26 at 1:43 pm to Fat and Happy
Posted on 1/30/26 at 1:43 pm to Fat and Happy
quote:
I’m fine with it because people are POS.
There will be too many people that will take their prices to amounts that are ridiculous and force people to pay it.
Do you have the same level of vitriol for hoarders?
0
Posted on 1/30/26 at 1:44 pm to Fat and Happy
quote:
I’m fine with it because people are POS.
Would you instead support laws that limit the quantity a person is allowed to buy?
This post was edited on 1/30/26 at 1:52 pm
Posted on 1/30/26 at 1:53 pm to weagle1999
It depends on how much they go up. When something is all of a sudden in high demand, raising the prices a little bit, in theory, will prevent people from buying more than they need so that others in need can buy as well.
Going up 10x on the original cost.. That's bad business.
Going up 10x on the original cost.. That's bad business.
Posted on 1/30/26 at 1:59 pm to Ping Pong
quote:
Unregulated pricing would provide enough incentive to gas stations to do everything they can to have more gas brought in. Buyers will certainly pay more, but at least they will have the option to buy gas. As power is restored to more homes and more gas stations reopen prices would fall and return to normal.
Same for ice, water, bread etc. it becomes profitable for people to truck in loads of needed supplies vs artificially low prices that simply deplete supplies. We’re all guilty of buying up more than we need of these limited items when we find them not knowing when we might get more.
Higher prices slow impulse purchasing and increase outside supply coming in, then prices start coming down to normal
Posted on 1/30/26 at 2:01 pm to GoCrazyAuburn
quote:Yes
Would those that are in favor of them (in emergency/disaster situations), be in favor with laws that dictate how much a person can buy or something during those disasters?
Posted on 1/30/26 at 2:02 pm to weagle1999
I don't. Because - I have this crazy idea - free market capitalism should actually be free market capitalism.
This post was edited on 1/30/26 at 2:02 pm
Posted on 1/30/26 at 2:05 pm to AlxTgr
quote:
Yes
What if they need more than they are legally allowed to buy?
Posted on 1/30/26 at 2:14 pm to weagle1999
No. I watched too many assholes filling multiple 80 gallon drums with gasoline after Katrina.
Posted on 1/30/26 at 2:30 pm to GoCrazyAuburn
quote:More than the people are are getting none?
What if they need more than they are legally allowed to buy?
Posted on 1/30/26 at 2:32 pm to weagle1999
I once declined to buy a $14 bag of ice a day after the 4/27/11 Super Outbreak. I went literally across the street from that store and bought three bags for whatever the normal price was.
Posted on 1/30/26 at 2:33 pm to AlxTgr
quote:
More than the people are are getting none?
There is not a scenario where there wouldn't be people getting none. Resources are finite. Can a law accurately tell someone how much of something they actually need?
Posted on 1/30/26 at 2:35 pm to weagle1999
If you agree that we are a Christian Nation and you support price gouging in times of terrible disasters, then you need to reexamine your life.
Posted on 1/30/26 at 2:36 pm to GoCrazyAuburn
quote:I do not know.
Can a law accurately tell someone how much of something they actually need?
Posted on 1/30/26 at 2:48 pm to AlxTgr
Price gouging gets things to where they are most needed, in the most reliable fashion.
Anit-gouging laws are anti-humanitarian efforts- they say that the comfort of others is more important than getting relief to those in need.
Anit-gouging laws are anti-humanitarian efforts- they say that the comfort of others is more important than getting relief to those in need.
Posted on 1/30/26 at 4:00 pm to rmc
quote:
I don't. Because - I have this crazy idea - free market capitalism should actually be free market capitalism.
That would be great, but it doesn’t exist. The government picks winners and losers every day.
Posted on 1/30/26 at 5:40 pm to weagle1999
No. It’s part of the price discovery process that allocates limited resources to excess demand.
“Price gouging laws” is synonymous with “government officers with a monopoly on force determining who gets what resources and at what cost”.
“Price gouging laws” is synonymous with “government officers with a monopoly on force determining who gets what resources and at what cost”.
Posted on 1/30/26 at 7:18 pm to weagle1999
Posted on 1/30/26 at 7:32 pm to weagle1999
Pharmabro has caused me to shift my stance on this.
Posted on 1/30/26 at 7:49 pm to TheDeathValley
quote:
Generally a big fan of open market, but price gouging after emergencies is shitty, but not sure if there needs to be a law for it
Agreed... no need for a law. The public remembers and can destroy a business that pulls this shite after the fact. Also if there is truly a scarcity on something and businesses have to lock their prices then individuals will buy things in bulk and re-sell them for a markup.
Posted on 1/30/26 at 8:07 pm to weagle1999
I am familiar with a business in Louisiana (hurricane prone.) Generators are not their primary product. They have a couple dusty Chinese generators on display priced at $800 year round. Should an opportunity occur, there are 50 more in the warehouse. Same price as always.
They paid $250 for them wholesale in anticipation. It's business.
They paid $250 for them wholesale in anticipation. It's business.
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