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re: What are your thoughts regarding laws against price gouging during states of emergency?
Posted on 10/10/24 at 7:13 am to MountaineerPatriot
Posted on 10/10/24 at 7:13 am to MountaineerPatriot
What it all comes down to for you is this: You feel that people have a RIGHT to things that aren’t theirs which others own or the labor they provide.
That’s a core tenet of communism, I disagree with it.
Don’t wanna pay more? Plan ahead, open your own store, find a place selling it for less…but you do not have a right to something that is mine.
That’s a core tenet of communism, I disagree with it.
Don’t wanna pay more? Plan ahead, open your own store, find a place selling it for less…but you do not have a right to something that is mine.
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Posted on 10/10/24 at 7:17 am to CatfishJohn
Lets say I live in Georgia. Hurricane hits Florida. I go to my local Lowe's and buy 20 chain saws for $300 each. I travel to Florida and sell them for $400 each. Before expenses I make $2000.
Is that immoral or illegal?
Is that immoral or illegal?
Posted on 10/10/24 at 7:36 am to Chucktown_Badger
quote:
Because people like you want to dictate the value of other people's goods and labor
It's at this point everyone thinks you're nothing but a blowhard yammering on about capitalism as if it's synonymous with morality, community, and goodwill toward man.
There shouldn't need to be price gouging laws but, unfortunately, there are sick people who want to take advantage of human tragedy. You know how they justify it? "Durrrrr capitalism!!!!". You're the same as them. So go frick yourself, blowhard.
Posted on 10/10/24 at 7:39 am to CatfishJohn
I think price gouging is good
I and other real Americans are at work while the lazy hoarders go and buy up everything
If you’re not at work on a Tuesday you shouldn’t be allowed things like steak and the nice toilet paper
I and other real Americans are at work while the lazy hoarders go and buy up everything
If you’re not at work on a Tuesday you shouldn’t be allowed things like steak and the nice toilet paper
Posted on 10/10/24 at 8:48 am to CatfishJohn
Death penalty too harsh?
Posted on 10/10/24 at 9:14 am to jeffsdad
quote:
Lets say I live in Georgia. Hurricane hits Florida. I go to my local Lowe's and buy 20 chain saws for $300 each. I travel to Florida and sell them for $400 each. Before expenses I make $2000.
Is that immoral or illegal?
It would not be immoral if you sold them for $10,000 each and a mentally competent adult wanted to buy one for that price. It would no doubt be considered price gouging although apparently the law applies only to things required to live and one would be hard pressed to claim a chainsaw was a necessity even after a storm. It might not be illegal if that is the standard.
What should be illegal is for the state to interfere in business transactions between individuals or between businesses or between businesses and individuals which do not include murder for hire and child porn or child prostitution. If you have a chainsaw and I have $10,000 and you want to sale it to me for that and I want to but it for that the state has no function in that at all no matter what the weather was like recently. If you do not want to pay $40 for a bag of ice don't. Don't ask the state to keep you from doing it. It is none of the states concern.
Posted on 10/10/24 at 9:25 am to CatfishJohn
If there is a function for government to get involved with regulating prices during a natural disaster or when "price gouging" may become prevalent the government, at the local, state or federal level, should simply provide the items that are needed at cost to those who need them. Ice and bottled water is a great example. They are not hard to come by even in a Hurricane...locally they are but they are readily available a short distance away. If the government has a function in maintaining "reasonable" prices the only legitimate way to do it is for the government to procure the item, ship it to the area and sell it at cost. There would no market for $3000 generators that cost $800 last week if the government had several truck loads in the area available for $700 each. I could price mine at $3k, its unlikely there'd be a buyer for it at that price if the government had a truck load of them at $700. This is not going to happen of course because people secretly despise capitalism unless its their business and their pricing. Far too many people want the power of the government to force people to do what they want them to do. If someone does not want to pay $40 for a bag of ice no one is forcing them to do so. Its no more repugnant or shitty than selling a loaf of bread that costs 50 cents to make and 50 cents to deliver and market for $2. If you do not want to be "gouged" in a disaster don't be....its up to you, not the state.
Posted on 10/10/24 at 9:27 am to MountaineerPatriot
quote:
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.
Then they wouldn't be able to price gouge due to competition.
Posted on 10/10/24 at 9:30 am to JohnnyKilroy
quote:
There's an argument to be made that price gouging actually can help more evenly distribute resources.
Charging 20 bucks for a bottle of water could mean that several people buy the minimum they need/can afford, whereas if they were still a dollar a pop or something one person may come in and just buy the whole lot and now only one person has all the water to themselves.
During the worst aftermath of Helene in our area there weren't many complaints about price gouging but people were torn the frick up over people filling up several gas cans after waiting in line for 4 hours. The same idea applies. It is absolutely none of anyone's business but the person selling the gas and the person buying it. If I wait 30 seconds or 14 days to buy 10 gallons or 10000 gallons of gas who the fricks business is it but mine and the person selling the gas? I wasn't willing to wait in line so I drove 2 hours one way and bought 95 gallons of gas twice, not counting the gas I put in my truck to get there and back. If you do not have the means to do this I fully understand and can feel for you but don't whine about someone who did wait 4 hours doing it. It is none of your business.
Posted on 10/10/24 at 9:31 am to nola tiger lsu
quote:
Do some of you poli maniacs just not want to live in a country with laws and regs?
Do you not understand that some laws make things worse? The government interfering in the market rarely works out for the best.
Posted on 10/10/24 at 9:34 am to RohanGonzales
quote:
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.
If you have something in your inventory at a $10 cost, but the replenishment cost is $15, you would be a fool to sell it for $15 - even though that would be a good profit margin. You should sell it as if it cost $15.
That's how business works.
Posted on 10/10/24 at 9:34 am to CatfishJohn
quote:
Definitely fricked up. No question.
But is it the government's place to tell a private, small business what they can charge for goods? (Assuming no collusion around price fixing)
Size of the business shouldn't matter and to be honest collusion / price fixing shouldn't matter. I know the latter does but it is anti-market and if the market is infallible ANY government intervention will upset the balance of the infallible market. Of course only an idiot with absolutely no economic or financial sense would claim that the market is infallible and is in need of regulation but there is a massive number of such idiots....
Posted on 10/10/24 at 9:35 am to tigerfoot
quote:
The reality is no one knows. If I have a small store and my distributor won’t come and I send a guy to drive 159 miles to buy water retail so I can have it for my customers and I price it at costs plus expenses I ain’t gouging. But folks would say.
Sometimes things cost more for everyone in front of storms. And 10 buck a gallon gas is a bargain if it is what keeps the generator running.
Exactly. These people are morons who live their lives thinking with their feelings.
Posted on 10/10/24 at 9:37 am to Chucktown_Badger
quote:
What specific laws are you referring to?
I’d like this answer too.
Posted on 10/10/24 at 9:40 am to Bjorn Cyborg
I have very little sympathy for price gouging. My dad has a small country store and before a cold spell he or I would usually run to Home Depot or Lowes and get the typical fittings someone would need to repair or cap broken pipes in case of an emergency. I am sure he lost money on this, but it was a way of making sure people in the community were taken care of.
Posted on 10/10/24 at 9:40 am to MountaineerPatriot
quote:
At the end of the day you all for price gouging will always lose this battle.
First off you sound like a giant pussy.
Second, no one is arguing FOR price gouging. They are arguing against government intervention.
Your entire posts in this thread list 30 different things that are completely irrelevant to the topic at hand, including levee rebuilds, etc.
Posted on 10/10/24 at 9:45 am to Bjorn Cyborg
quote:
Do you not understand that some laws make things worse? The government interfering in the market rarely works out for the best.
This is simply not true. What is true is that government does pick and choose winners through regulation. That does not mean that regulation is the problem, it means that government is the problem.
This is my favorite example - stop signs. Stop signs are a very simple and easy to understand regulation. Most people agree that used properly they are very effective and make traveling on public roads safer and more efficient. They also are, without question, a regulation on businesses because they apply to everyone equally. They require delivery trucks to stop just like they do private passenger vehicles. That stop, however, for a delivery truck, adds to the cost of the goods and services that truck is carrying...those costs are passed onto consumers. Without those stops the delivery would be somewhat quicker and would take less fuel. Very few people would argue that was a regulation which, despite having some impact on the free market, was a bad idea. What would be a bad idea is if the government were to eliminate stop signs along the route of one business and places extra ones on the route of a competitor. The problem with this is self evident....yet lobbyists exist to do exactly that, in a more subtle fashion of course. Sensible regulation is necessary in a market economy....stop signs are not a horrible idea...the problem arises when company A uses regulations to gain a competitive advantage over company B and uses the power of the state in the process. There is also the fact that regulations beget regulations because humans are constantly trying to get an advantage over their competition....but thats a whole other diatribe.
Posted on 10/10/24 at 9:48 am to Bjorn Cyborg
Step 1. Define gouging in a different way than most state laws do
2. Rail against those laws and government intervention while also misunderstanding those laws
3. 7 page thread of libertarians rubbing each other off
Don’t get me wrong, the pure economic argument for price gouging is true and correct, but advocating for it is as practical and reasonable as advocating for the knife attached to steering wheel as a vehicle safety device. People’s feelings do matter in policy, and that’s why we have a presidential candidate that supports stopping inflation with price controls (blech) and their opponent supports protecting overpriced labor with tariffs (blech).
2. Rail against those laws and government intervention while also misunderstanding those laws
3. 7 page thread of libertarians rubbing each other off
Don’t get me wrong, the pure economic argument for price gouging is true and correct, but advocating for it is as practical and reasonable as advocating for the knife attached to steering wheel as a vehicle safety device. People’s feelings do matter in policy, and that’s why we have a presidential candidate that supports stopping inflation with price controls (blech) and their opponent supports protecting overpriced labor with tariffs (blech).
This post was edited on 10/10/24 at 9:49 am
Posted on 10/10/24 at 11:10 am to TimeOutdoors
quote:
My dad has a small country store and before a cold spell he or I would usually run to Home Depot or Lowes and get the typical fittings someone would need to repair or cap broken pipes in case of an emergency. I am sure he lost money on this, but it was a way of making sure people in the community were taken care of.
Congrats. This has nothing to do with the topic at hand.
Posted on 10/10/24 at 11:16 am to CatfishJohn
Always thought if I owned a gas station I'd purposely lower my price by a few cents. Sell every drop and people would remember that I didn't try to frick em over.
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