People buying more than they otherwise would is the problem. Raising prices stops that and makes sure more people have access to the goods they need. Keeping prices artificially low is immoral
Good point, people should not be allowed to buy black market lemonade or electric generators, even if they have no electric power or are very thirsty.Most guys who do what he did do not collect and turn in sales taxes or other taxes making them have an unfair advantage over those who do retail through the proper channels.
I get mad when I have competition from other businesses that enter my market without proper license, insurance or inspections. I have to abide by FDA and USDA regulations as well as other state and local over site, while many simply skip these steps and never get caught or if they do, fine very little.
Kids who set up a lemonade stand should never see the light of day for many years for the harm they bring upon society. Same with Mr. Generator guy.
Quit making moral judgements and pretend you understand how economics work. If prices rise as they should, the real piece of crap, the person buying eight mega-packs of TP may only buy a couple, leaving some on the shelf for others.Price Gauging is wrong regardless of how you look at it.
Not making a moral judgement just answering the question.Quit making moral judgements and pretend you understand how economics work. If prices rise as they should, the real piece of crap, the person buying eight mega-packs of TP may only buy a couple, leaving some on the shelf for others.
Here's a graphNot making a moral judgement just answering the question.
Why should I pretend to understand how economics work.... or did you mean quit pretending???
Simply put and see if you can follow this..... do not take advantage of people during a crises. That is true for both the buyer and the seller. Keep TP the same price and those who buy it buy what they need and don't hoard it.
When you price gauge not everyone can afford it. I am not paying $50.00 for a roll of TP. I'll just squat on your front door and release. Corporate greed is wrong and needs to be dealt with in this situations. Those who hoard and also take advantage of this is also in the wrong.
I'm not arguing the economics of it I am arguing that it is wrong in these situations. The Epipen guy needed to be shot in the street for what he did but if your OK with kids dying for the might buck then OK. I understand supply and demand but this is a different situation.
So, disregard everything we know about human nature and things will turn out all right.Simply put and see if you can follow this..... do not take advantage of people during a crises. That is true for both the buyer and the seller. Keep TP the same price and those who buy it buy what they need and don't hoard it.
A market based purely on supply and demand would also be disregarding human nature. Our system of government is not design to support human nature. It's not based upon either darwinism nor good hearts. It's meant to modulate and mitigate that human nature.So, disregard everything we know about human nature and things will turn out all right.
Sig: When is comes to inelastic commodities, structural and life needs, we are NOT a free market. Never have been. Your graph does not apply. Well ok, maybe it SHOULD apply to toilet paper, lol.Here's a graph
It certainly is easily detected and prevented. I doubt it would cause any serious confrontation or it would hurt the business in anyway.No it's not, it costs the retailer money, and creates confrontational situations that nobody likes and hurts business.
But it's fair.
Pretty much, except this^That’s different. That guy took unneeded supply from one market and brought supply to an area with needed demand. Would have been better to donate or take small margin though.
The situation with sanitizers is the guy bought up the entire supply that already had demand. I think that guy should get prison time.
Your sister is the Toilet Paper Fairy of Maple St. How cute.Where do all the rolls of toilet paper end up?
Other than the obvious answer, these typically are not hoarded in a closet in the purchasers home for any real length of time.
My sister is personally responsible for her share of panic buying this week. She bought 144 rolls of TP. She then asked around the neighborhood if anyone needed any TP and if they did, she gave them a pack for free.
This makes her feel good about helping others in a time of crisis. Keeping prices at current levels prior to a crisis is the moral thing to do for many obvious reasons.
I HAD A FRIEND ( notice the tense) who thought it was a great business move to buy up all the salt supply at our local stores right before a snow storm moved in, then would sit in the parking lot of a shoe store and sell the salt he bought for $4 a bag for $10 a bag.
I needed a few bags for my business and I pulled up and asked him for five bags. When he told me the price I told him to keep his salt.
Not buying the concept that excessive profit is beneficial for public safety.
Guess I’m just not a d!ck like you.Pretty much, except this^
He rented a truck, paid someone to mind the retail outlet in his absence, laid out his capital to jump his supply process. That is worthy of quite a premium if it's my time and money.
Want to be sure to pay a typical market price on a generator when you live in a hurricane zone ? Plan ahead. Price tag too high ? Don't buy.
Throw some eggs in there an invite me over.Your sister is the Toilet Paper Fairy of Maple St. How cute.
I couldn't find a damned bag of potatoes in three different stores, and my kids are booted out of school early. In a perfect world, sausage gravy in my house goes over cubed, fried gold potatoes with diced peppers and onions.
I hope those jerks that bought them all out forget where they put half of the bags, and their basements end up stinking like rotten potatoes.
No but smart people believe on-subject tweets from highly distinguished professors in the subject area.There is enough toilet paper to go around..... people are hoarding. To stop that you limit how much they can buy... problem solved. Do not jack up the price to increase your profit during a National Disaster.
So I guess I am suppose to believe every tweet?
well, there is your problem I am not a smart person.... but, I am always right!!!!No but smart people believe on-subject tweets from highly distinguished professors in the subject area.
Do you expect the stores to police such limits? All kinds of ways to work around them.