2 ms·
I thought there was already price gouging legislations on the book do we need more? Maybe this covers some corner case the existing legislation doesn't? The le
by elmerfud 2y ago
I thought there was already price gouging legislations on the book do we need more? Maybe this covers some corner case the existing legislation doesn't?
The legislation around pricing that I would like to see is for businesses to not be allowed to charge outside of the normal market rate for your area if 30% of their income is from government funded sources. Things such as EBT or Medicare etc...
Because I live in a very small community and somewhat rural Alabama and I refuse to shop at the store in town even though it is a major chain and known throughout the southeast. The reason for this is their prices are on average 25% or 30% higher then the so-called predatory convenience stores that are prevalent. This community is below average income wise and most of the people who have to shop locally do use EBT for their groceries. Driving 15 minutes away you can go to other stores that are much cheaper but when you're locked in the community they're allowed to exploit these higher prices. For example I went there 2 days ago just to revalidate my assumptions on this and they were selling a dozen large eggs for $5.29 all right across the street at the store whose initials are DG a dozen large eggs was $4.25. both are a lot higher than our favorite German grocery store but they're both chains and eggs are a commodity staple item that people need. It's absolutely ridiculous that the FTC isn't cracking down on this kind of exploitation of the taxpayer dollars.
If the store was charging a large markup on non staple items such as Little Debbie snack cakes or alcohol things of that nature I wouldn't have a real problem with it but when you're charging 20% to 30% higher on staple grocery items because you have a community of poor people who are getting their money from the taxpayer and don't have the ability to drive a short distance out of town to get a better deal that seems criminal. Because this kind of ongoing price gouging is hurting the most vulnerable in our nation and reducing their purchasing power for the necessary food items we as a people are trying to give them so they can achieve a better life.