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Started By
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re: The Man With 17,700 Bottles of Hand Sanitizer Just Donated Them
Posted on 3/15/20 at 11:22 pm to NYCAuburn
Posted on 3/15/20 at 11:22 pm to NYCAuburn
They should go after him. My dad ran a little country store all his life and between tornadoes and ice storms he was often the only store around with power because we were near a hospital. Making money off of an emergency was the last thing on his mind. He would get pretty furious when he saw someone else doing it. I hope this guy gets jail time.
1
Posted on 3/15/20 at 11:24 pm to SavageOrangeJug
quote:
You're an idiot. He was going to capitalize on the misfortune of others. It backfired.
This. There was a time when they would be tarred and feathered for pulling a stunt like this.
Now they will just be socially shunned and ostracized- that sounds about right.
This post was edited on 3/15/20 at 11:29 pm
Posted on 3/15/20 at 11:26 pm to stout
quote:
Mr. Colvin is facing consequences. On Sunday, Amazon and eBay suspended him as a seller, which is how he has made his living for years.
Wife will probably leave him now too.
Posted on 3/15/20 at 11:32 pm to TimeOutdoors
quote:That's absurd. The guy has a family, and he's just doing his best to provide for them.
I hope this guy gets jail time.
If he was creating a shortage of a necessity, and if he was the only supplier in a region, that might be one thing. But we are talking about motherfricking hand sanitizer, and he is selling online.
Posted on 3/15/20 at 11:33 pm to Mr Personality
quote:
Wife will probably leave him now too.
So it’s not all bad news for him...
Posted on 3/15/20 at 11:38 pm to Korkstand
quote:
Industries have disappeared. Companies have gone bankrupt. Markets have adjusted. Don't act like everyone's retirement would be fricked if drug companies were subject to pricing regulation.
Not a particularly good argument since a focused attack on a meaningful sector of the economy is nonetheless a net negative effect on society, and it is not a zero sum game.
Posted on 3/15/20 at 11:42 pm to icegator337
quote:
Lol so any company with a large market cap should be protected and not subject to rules and regulations because it might hurt the stock market and hurt a baws retirement?
His argument is that in general, clamping down on an industry will lead to lower returns for investors which will hurt pensioners, 401k holders, IRA holders, etc.
There may be good reasons to ratchet up regulations that benefit society overall. But disincentivizing investment in research for new drugs seems like a lousy one.
This post was edited on 3/15/20 at 11:43 pm
Posted on 3/15/20 at 11:42 pm to Korkstand
quote:
The guy has a family, and he's just doing his best to provide for them
Posted on 3/15/20 at 11:48 pm to Lou Pai
quote:Just how big do you think the pharmaceutical industry is? And we aren't even talking about elimination, rather pricing regulation. No one's 401k would tank as a result.
Not a particularly good argument since a focused attack on a meaningful sector of the economy is nonetheless a net negative effect on society, and it is not a zero sum game.
On the flip side, we could probably save a lot of lives by preventing price gouging in the industry.
I'm going to go with it would be a net positive.
But everybody's worried about mister hand sanitizer.
Posted on 3/15/20 at 11:54 pm to WestCoastAg
quote:quote:
The guy has a family, and he's just doing his best to provide for them
What's funny? He's buying low and selling high. He hustles to predict and invest in the trends. And he makes a decent living doing it.
If you saw an opportunity to buy something for $2 and sell it for $20, would you take it? You'd be an idiot not to.
Posted on 3/16/20 at 12:05 am to stout
Donated because he was forced. He's a piece of shite. frick that guy.
Posted on 3/16/20 at 12:05 am to Lou Pai
quote:Look, I understand the profit motive argument, but it's just kind of baffling that people just assume that this is the best/only way to develop new drugs. Why does someone have to get rich, and someone have to go bankrupt, in order to get this done? Why do so many life-saving drugs have to be so expensive that almost no one can afford them without insurance? We all end up paying for the treatment anyway, so just how much less effective do you think publicly-funded research is than privately-funded research?
His argument is that in general, clamping down on an industry will lead to lower returns for investors which will hurt pensioners, 401k holders, IRA holders, etc.
There may be good reasons to ratchet up regulations that benefit society overall. But disincentivizing investment in research for new drugs seems like a lousy one.
And should we be working on drugs that save the most lives, or ones that make the most money?
Posted on 3/16/20 at 12:08 am to stout
1 is to keep the economy up and running nationwide, the other is attempting to profiteer off of people. Stay in your lane smoothbrain.
You're comparing apples and atomic bombs.
You're comparing apples and atomic bombs.
This post was edited on 3/16/20 at 12:14 am
Posted on 3/16/20 at 12:24 am to phunkatron
quote:Last I checked it wasn't illegal to profit off of stupidity. That describes probably 75% of consumer products anyway. Do price gouging laws even apply to non-essentials?
1 is to keep the economy up and running nationwide, the other is attempting to profiteer off of people.
And to the first part, why do we have to pay for the mistakes that rich people make while trying to get richer?
quote:Exactly. The question is why is everyone worried about the apple?
You're comparing apples and atomic bombs.
Posted on 3/16/20 at 12:26 am to stout
This story pisses me off. Let the man make a living.
Posted on 3/16/20 at 12:36 am to Korkstand
quote:
What's funny?
That you're romanticizing this guy's intentions.
quote:
f you saw an opportunity to buy something for $2 and sell it for $20, would you take it? You'd be an idiot not to.
Not if it meant screwing other people over.
Posted on 3/16/20 at 12:50 am to Korkstand
quote:
If you saw an opportunity to buy something for $2 and sell it for $20, would you take it? You'd be an idiot not to.
Ok. But he was doing it with 18,000 bottles. Not a small amount. And he was trying to sell them for $70.
If he would have bought 200 bottles and sold them for $20 he would have a nice profit.
He aimed too high, drew negative attention to himself and got burned.
This post was edited on 3/16/20 at 12:51 am
Posted on 3/16/20 at 12:50 am to phunkatron
quote:
1 is to keep the economy up and running nationwide, the other is attempting to profiteer off of people.
I don't think these are as distinct as you would like them to be.
Posted on 3/16/20 at 12:51 am to LordSaintly
quote:
That you're romanticizing this guy's intentions.
His intentions were to make money by selling products at whatever price the market would bear. Pure capitalism.
quote:How much is too much for a bottle of hand sanitizer? At what point would you consider it "getting screwed", keeping in mind that you chose to make the purchase at that price.
Not if it meant screwing other people over.
I guarantee that the manufacturer marked up their price a higher percentage over cost than what this guy did.
Posted on 3/16/20 at 12:51 am to stout
frick that piece of shite cocksucker
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