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re: What are your thoughts regarding laws against price gouging during states of emergency?
Posted on 10/9/24 at 12:39 pm to back9Tiger
Posted on 10/9/24 at 12:39 pm to back9Tiger
quote:
Should be zero gouging and that if found true should see jail time and lose their business.
OK comrade
This post was edited on 10/9/24 at 12:41 pm
0
Posted on 10/9/24 at 12:40 pm to 0x15E
quote:
Meanwhile the seller gets to make 300% profit this quarter. Ethics are in play here.
The age old anti-capitalist "there's a loser in every transaction" argument.
No one is forced to buy anything at a price they don't agree with. If they value that chainsaw, bottle of whatever, whatever is worth whatever the price is, they'll pay it.
You're also assuming that the costs involved with procuring that bottle of water are and will remain unchanged for future shipments...which is obviously untrue.
Also stop ignoring the previous points about the effect of demand based pricing...they've been made a couple dozen times already.
This post was edited on 10/9/24 at 12:49 pm
Posted on 10/9/24 at 12:42 pm to dawgfan24348
quote:
act almost as if corporations are people.
Uh, what are "corporations" if not a group of people offering their skills in return for money with which they can buy things to live their lives? "People" is exactly what corporations are.
Posted on 10/9/24 at 12:44 pm to JohnnyKilroy
quote:
who likely gets a relatively unearned windfall.
Good thing we have progressives and people like you who will decide "what's fair" for someone to get in return for products they own and labor they provide.
Posted on 10/9/24 at 12:46 pm to back9Tiger
quote:
Should be zero gouging and that if found true should see jail time and lose their business.
And then says:
quote:
Prices are set by the market,
So which is it, baw? If generators are priced at $1,000 each and still selling, the price ceiling has not yet been found....that IS the market at work.
This post was edited on 10/9/24 at 12:48 pm
Posted on 10/9/24 at 12:47 pm to Chucktown_Badger
He won't respond after being outed as a moron.
Posted on 10/9/24 at 12:50 pm to Bjorn Cyborg
Reading the arguments of some of the folks in this thread makes it really easy to understand how we get people like Kamala Harris espousing the ridiculous views and ideas she does.
Posted on 10/9/24 at 12:51 pm to Chucktown_Badger
People can't separate their feelings from the things that they want the government to enforce at gunpoint.
Posted on 10/9/24 at 12:54 pm to JohnnyKilroy
quote:
Yes gouging could lead to a "better" distribution of scarce resources, but then there's a party (the seller) who likely gets a relatively unearned windfall. It's certainly not a perfect outcome.
Depends. Some baw driving through dangerous areas to get stuff to people is certainly taking a risk, and long distance trucking on late notice for products costs more than original prices, does that get factored in?
Posted on 10/9/24 at 12:58 pm to Jcorye1
quote:
Depends. Some baw driving through dangerous areas to get stuff to people is certainly taking a risk, and long distance trucking on late notice for products costs more than original prices, does that get factored in?
Sure, that isn't much of a windfall if your costs etc are much higher.
Posted on 10/9/24 at 3:38 pm to Chucktown_Badger
quote:
Are there price gouging laws in place right now which mandated the price you paid? Or is this an instance of a business selling their products at a price they are choosing to proceed with the transaction?
I’m in Central Florida. I can absolutely confirm all price gouging laws are in effect.
Again non essential items, price gouge. I don’t have a problem with that.
Food, Water, Gas, essential cleanup eqiupment, you don’t get to price gouge.
If you need to raise your price of water from $1 to $2 or even $1 to $3 to cover increased costs, so be it. But increasing water from $1 to $10 or $1 to $20 is out of line and there’s no way the cost of transport even went up 1/4 of that.
It’s funny how inconsiderate you all are. It’s not just about supply and damage. If someone makes $20/hr. and a gallon of water goes from $1 to $20, that could force that person not to get the water they need or other supplies. And these companies are still making significant profit.
This post was edited on 10/9/24 at 3:46 pm
Posted on 10/9/24 at 3:43 pm to Guntoter1
quote:
If price gouging was allowed there would be plenty of gasoline for everyone
Are you in the same universe as the rest of us? Even as of this morning almost 75% of gas stations in Florida had gas. I was able to top off again last night with a very short (10 minutes) wait. All without price gouging.
Some of you all are really coming off as the type who wouldn’t throw water or even piss on a person on fire. Not a good look.
This post was edited on 10/9/24 at 3:49 pm
Posted on 10/9/24 at 3:50 pm to MountaineerPatriot
quote:
Some of you all are really coming off as the type who wouldn’t throw water or even puss on a person on fire. Not a good look.
COVID broke a lot more people than I thought.
I agree that in a non-emergency/unrestricted distribution environment let the market work. Supply impacted by nature is totally different.
Posted on 10/9/24 at 4:17 pm to CatfishJohn
quote:
Would an argument against this be that the price gouging in a state of emergency happens in such a tight timeframe and with such major supply chain headwinds that the free market isn't allowed to work as it should?
No, I don't think so. Even if the supply chain can't react fast enough, the higher prices will encourage people to conserve that (now VERY) valuable resource.
Posted on 10/9/24 at 4:22 pm to CatfishJohn
It shocks me how often some people put some worthless, meaningless abstract principles above their own personal well-being and benefit.
Why in the actual frick would any normal Joe be against a government making sure you aren't getting screwed by unscrupulous people trying to capitalize on tragedy?
Do you own the business? No? Then your entire premise makes zero sense. That's literally what government exists for...ensure welfare of the people.
Why in the actual frick would any normal Joe be against a government making sure you aren't getting screwed by unscrupulous people trying to capitalize on tragedy?
Do you own the business? No? Then your entire premise makes zero sense. That's literally what government exists for...ensure welfare of the people.
This post was edited on 10/9/24 at 4:23 pm
Posted on 10/9/24 at 4:23 pm to CatfishJohn
Do some of you poli maniacs just not want to live in a country with laws and regs?
Posted on 10/9/24 at 4:52 pm to MountaineerPatriot
quote:
I can absolutely confirm all price gouging laws are in effect.
What specific laws are you referring to?
Posted on 10/9/24 at 4:56 pm to mmmmmbeeer
quote:
Why in the actual frick would any normal Joe be against a government making sure you aren't getting screwed by unscrupulous people trying to capitalize on tragedy?
Because people like you want to dictate the value of other people's goods and labor, because in your warped mind they have "a right" to them. They don't.
You yourself then say this:
quote:
Do you own the business? No? Then your entire premise makes zero sense.
Yet you, without a shade of self awareness, will advocate for price controls.
This post was edited on 10/9/24 at 4:57 pm
Posted on 10/9/24 at 5:14 pm to CatfishJohn
Pretty simple... Remember who did it. Spread their name. Run them out of business after the storm has passed. Supply and demand hits both ways.
Posted on 10/9/24 at 5:27 pm to CatfishJohn
Stock on hand shouldn't be raised in price.
When someone has to pay a lot to get stock delivered they should be able to recoup their costs.
When someone has to pay a lot to get stock delivered they should be able to recoup their costs.
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