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1) people were also shipping water and other supplies to Katrina for free. I literally spent hours during the aftermath of Katrina filling aid packages for peo
by mywittyname 7y ago
1) people were also shipping water and other supplies to Katrina for free. I literally spent hours during the aftermath of Katrina filling aid packages for people affected by the storm. These aid packages were not sold, they were given away to people who had lost everything.
These supplies are already being produced as fast as possible. Even people with 3d printers are making these masks to give away
#2) bubbles form with a group of people purchase goods at already inflated prices, with the explicit attempt to drive up prices further and sell them for a profit. "If people are willing to pay $50 for a roll of toilet paper, maybe if I buy up all the toilet paper, I can sell it for $500!" -People causing bubbles.
3) If the state has a responsibility to maintain order, then they have a responsibility to combat price gouging, because failing to do so is a failure to maintain order. It's not an emotion issue, it's a rational one.
I feel like you're the one whose intuition is off. What I'm talking about are real, proven issues with price gouging and these are literally the reason that it is outlawed in nearly all of the USA. It's a slam-dunk case for prosecutors too. There's a reason why people caught price gouging are in the news the next week for "donating" their stash.
- qeternity 7y agoNice red herring at the end there. Nobody is arguing whether or not price gouging is illegal in many or most jurisdictions. That’s a matter of fact. There are no proven economic issues with price gouging, just moral ones.
- dehrmann 7y ago> If the state has a responsibility to maintain order, then they have a responsibility to combat price gouging, because failing to do so is a failure to maintain order. Expensive goods or shortages: pick one, but neither "maintains order."