4 ms·
Why would increasing the price of a good lead to criminal charges?
by iopq 10y ago
Why would increasing the price of a good lead to criminal charges?
- newjersey 10y agoMy economics professor had an ax to grind but he's right in that we don't live in a free market. He gave the example of how the sheriff paid a gas station a visit when gas first reached a dollar. He said the gas station had two choices: sell at 99.9¢ or lower or shut down the gas station.
- iopq 10y agoActually the gas station was already selling at 99.9¢ because that pricing was already in effect from when one gas station owner sold it at 12.9¢ per gallon and everyone copied him since they were losing business.
- realusername 10y agoBecause it's not any good, it's a medical device
- iopq 10y agoAh, so necessities can't be too expensive? I guess we need to arrest the owners of restaurants that sell food for too much now.
- M_Grey 10y agoFood is a necessity. Eating at a restaurant is a luxury, hence the tax.
- iopq 10y agoOh, so we should put the grocery store owners in prison if they overcharge, then?
- M_Grey 10y agoYou've either gotten lost in your own useless metaphors, or you're trying to be clever and failing. Either way, this is no longer really a discussion.
- iopq 10y agoYou've given up because you can't justify putting people in prison only for raising their prices? Now you've excused yourself from the discussion because you have no arguments left. I'm fine with this.
- crazypyro 10y agoBecause the lied to the government and misclassified the drug as a generic. By doing this, they can give out half the discount as with brand name drugs. Generics are discounted ~11% when sold to Medicaid, but brand name drugs are often discounted 20-30%.
- iopq 10y agoThen just fine them, why does this have to be a criminal issue? It should only be a criminal issue when they did this knowingly and maliciously instead of checking the wrong box somewhere.