- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Should price gouging be allowed?
Posted on 9/1/21 at 3:15 pm to Displaced
Posted on 9/1/21 at 3:15 pm to Displaced
quote:
Yes. It prevents Tammy Lynn from buying a metric ton of TP at the beginning of covid based on a Facebook meme.
The actual store should have stepped up and placed a limit.
Infuriates me when a year and half later I see people posts on Facebook that they have enough toilet paper to last them for years because of the panic buying
2
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 3:17 pm to lsu777
quote:
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.
Moreover, suppliers will send more product to places where they can fetch a higher price, thereby flooding the region with products. Eventually the price will drop on account of oversupply will force prices down.
Suppliers have no incentive to try and bring extra stuff to our market when there is no incentive to do so. That’s the paradox how price freezes actually hurt those in need of basic supplies and exacerbate disasters.
Posted on 9/1/21 at 3:18 pm to I B Freeman
quote:
If I had a station today I would have a $3 line and a $5 line
And you would have a line at both pumps.
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.
Posted on 9/1/21 at 3:20 pm to RogerTheShrubber
quote:
You should have been prepared. Now, it costs you.
Roger, you seem like a decent dude. But you have no idea what people are living through right now. I live in Denham. There is no natural gas run to my area. Have no idea why. So I have a generator, but it won’t kick off central AC. I went got 30 gallons of gas a week before storm hit, to beat crowd. I got food.
I did the best I could to prep. And my gas is holding but running out. My food is running lower. My inside of house is 86 degrees. I have high powered fans everywhere. But my windows are vertical. They don’t allow for typical window units. So I’m trying to make a plan B on that.
My point, do you know how hard it is for a normal person to prepare for no electricity for possibly 4 weeks or more? Because that’s what we’re being told. I’m sorry, I’m good for a week maybe, but am scrambling to keep my family going.
And trust me, I have it GREAT compared to most. People lost their homes. Lost everything they own. Lost human life. Tell me, how do you expect the average person to prepare for that?
Dude, I’m not complaining. I thank God every morning that we didn’t lose much and are mainly very uncomfortable and surviving on mostly sandwiches. To suggest people should have just been prepared is actually hurtful to people that are really struggling right now.
Posted on 9/1/21 at 3:21 pm to bdavids09
Yes. It discourages hoarding. I wouldnt be opposed to laws that prevent the practice for normal sized purchases. With gas you should be able to get a set amount of gallons at a protected price, then the station can charge whatever they want. Jackasses buying hundreds of gallons at a time should have to think before they do that sort of thing.
Posted on 9/1/21 at 3:24 pm to Harry Caray
quote:People making a quick buck increases the availability of goods and services. Profit motive is why every good and service is available and at no time is the profit motive more needed than in times of trouble.
Let me change my answer. Anyone looking to make a quick buck off the misfortune of others during times like these is a scumbag piece of shite, full stop.
If you want building supplies on a disaster ravaged area, you're going to pay a premium. Otherwise, why would anybody go out of their way to bring you shite so you can rebuild?
Posted on 9/1/21 at 3:26 pm to wadewilson
quote:
Limit quantities that each person can buy.
Spoken like a good communist. Telling others what they can and can’t do with their own possessions. Telling a seller he can’t ask whatever he wants for his goods and telling a buyer he can’t offer whatever he wants in exchange for such goods.
If it was your money and your family’s comfort or wellbeing at issue, I’d bet you’d want to be able to offer more cash for guaranteed availability of whatever you’re looking to buy. If one could pay more to not have to wait a couple hours in a gas line, some would like that opportunity.
What makes “first in line” a better method of distributing goods than “willing to pay more”?
Posted on 9/1/21 at 3:26 pm to Festus
quote:
I did the best I could to prep. And my gas is holding but running out. My food is running lower. My inside of house is 86 degrees. I have high powered fans everywhere. But my windows are vertical. They don’t allow for typical window units. So I’m trying to make a plan B on that.
His crude answer is likely to be ignored, however I would suggest that if the market were allowed to make pricing adjustments, there would be ample supply of $5 gas and $5 loaves of bread. You, and the masses would not be tempted to buy so much more than needed. The fuel companies would be incentivized to truck in more fuel faster. You would have access to the supplies you need at a slightly higher price.
The market would quickly find equilibrium. The jackass who starts charging $10 a gallon would sell little-to-none with the $5 operator. They may also be fine with the limited sales at $10 price and not having to police an unruly mob for 2 weeks.
Posted on 9/1/21 at 3:28 pm to Harry Caray
quote:If I have a tanker full of gasoline in Tennessee, what is the incentive to take it to Louisiana? I am legally bound to sell it at practically the same price here and there.
Let me change my answer. Anyone looking to make a quick buck off the misfortune of others during times like these is a scumbag piece of shite, full stop.
Posted on 9/1/21 at 3:29 pm to BlackAdam
quote:
Yes. It discourages hoarding. I wouldnt be opposed to laws that prevent the practice for normal sized purchases. With gas you should be able to get a set amount of gallons at a protected price, then the station can charge whatever they want. Jackasses buying hundreds of gallons at a time should have to think before they do that sort of thing.
See, that's a reasonable policy.
Posted on 9/1/21 at 3:30 pm to Jack Bauers HnK
quote:
Spoken like a good communist.
Maybe. Maybe not. Maybe frick yourself.
Posted on 9/1/21 at 3:33 pm to Festus
quote:
Roger, you seem like a decent dude. But you have no idea what people are living through right now.
Yes I have.
Populists are dumbasses who thing they are being gouged because the price rises when supply is low and demand is high. You cannot explain rationality to these people.
Without a high profit margin, there's no incentive to move resources to Louisiana right now. You anti gougers ARE the problem.
Posted on 9/1/21 at 3:34 pm to RogerTheShrubber
quote:
You anti gougers ARE the problem.
Read that sentence aloud, to yourself.
Posted on 9/1/21 at 3:38 pm to wadewilson
quote:
Read that sentence aloud, to yourself.
No offense, but you're clueless about basic economics.
Economics explains why gouging is a benefit for most during these times.
Posted on 9/1/21 at 3:41 pm to Festus
quote:
Dude, I’m not complaining. I thank God every morning that we didn’t lose much and are mainly very uncomfortable and surviving on mostly sandwiches. To suggest people should have just been prepared is actually hurtful to people that are really struggling right now.
And in a limited supply situation, wouldn’t you want to be able to pay more to get what you need for additional comfort rather than being unable to get what you need because “price gouging” wasn’t allowed and everything is now sold out because it was bought up by people that may not be suffering as much as you are?
“Greed” works both ways. You can criticize the merchant for raising prices and you can criticize the hoarders for buying more than they need. Allowing prices to rise to a new equilibrium will result in the most efficient allocation of goods. Otherwise, you’re putting your trust in central planners to “fairly” or “equitably” distribute the goods (i.e. pick winners and losers).
Posted on 9/1/21 at 3:42 pm to RogerTheShrubber
Where did I say I was an anti gouger? Please link.
I simply responded to your callous response about people suffering, and suggesting it’s their own fault for not preparing.
I’m happy to pay a gouged price. But if I can’t get access to the product, I can’t. And your making light of people preparing is really callous. Dude, you’re better than kicking people when they’re down.
Right?
Posted on 9/1/21 at 3:44 pm to LSUZombie
quote:
The actual store should have stepped up and placed a limit
why? is the goal of the store not to sell everything they can at the highest prices they can?
i mean the store is there to make money, why would they limit a customer from buying?
and this is why price gouging aka natural market forces works.
Page 3 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News