No, there are plenty. One store brought multiple truckloads of
generators in from out of state. They just had to sell them for the
same price they were selling them for the week before. You think it's
better that people in trouble because of a natural disaster should
then also have to pay two or three times as much for things? How
would you like it if it happened to you? You'd be ok paying $20 a
case for bottled water that was $5 the week before when you don't have
water or electricity? Stores still make the same profit per item then
were making plus they can take advantage of the increased demand to
make more money if they are smart. You're stupid if you don't see the
If there were "plenty", "price gouging" would be impossible.
Yes. Price is how purchases are prioritized. Someone who might need a
generator might just as well buy one. Maybe two. Meanwhile the person who
*really* needs one (medical need, perhaps) has none.
If I *needed* the bottle of water, not a problem. I *will* think twice about
whether I need it or not. ...and that's the whole point. Priorities will
dictate what I will spend, as it should be.
Clearly you're not thinking straight (normal mode for a lefty). Demand is the
only thing that can set price, otherwise you *will* have an imbalance of
Think about this as applied to a hotel room in a similar situation. A family
needs a room after the storm. "How much", asks he. "$100 per room, can't
charge more than last week", says, Mr. Inkeeper. "Fine, give me two (gets the
kids out of mommy&daddy's room)". "Done". Next family; "How much?", asks he.
Innkeep: "Sorry, No vacancy."
I wonder what his reaction would be if he owned a piece
of property and oil was suddenly discovered around the
corner. Would he do the "right" thing and sell it only
for what it was worth the day before?
I agree with you. These laws that prevent "price
gouging" are just plain stupid. In an emergency I
want everyone to know they can set their own
price. What that law is telling people is not to
take the risk and go out of their way to supply
products to those that
need them. Case in point, being the generator
truck. Without these crazy laws, there is an
incentive for a guy like the generator truck guy
to risk his money buying a load of generators
in say Ohio and driving them here where they
are needed and selling them for whatever
price he can get. People in turn are free to buy
them or not buy them. Put uncertainty in the
equation and the guy isn't going to hire a
lawyer to figure out what the law is 2 states
And there is also a self-corrective measure.
By and large the folks charging high prices
are entrepeneurs like the example, not the local
Home Depot or ACE Hardware. Those
companies are not going to raise prices
because the small amount of additional
profit isn't worth pissing off some customers.
In short as in so many cases the cure for
the alleged problem is worse than the problem
What you're forgetting is that 70% of the people out there have no
idea what a generator should cost. They've never had anything to do
with a portable generator. So they are the "suckers" in your free
market. They are in a situation where they can't research prices, no
stores open, no power for the computer, no internet. They have no
idea $1500 is a complete rip off.
Besides, you right wing nut jobs are all the same, don't regulate
anything, until you get burned personally. Then you suddenly are
concerned. "How did the goverment let that happen to me?
so-- They show up at the store the day after a Hurricane and
prioritize. [which they did with their money to buy the things that
the generator will make work- instead of buying the generator last
Is it worth $1500 to them *that* day? Will the guy in line behind
them fork over the cash?
Actually I'm a leftward leaning independent. I'm a diehard,
unashamed Obama supporter. [until this week when they got screwed
trying to 'play the game' instead of taking care of business]
There are a lot of things the Gov't needs to hold businesses
accountable for. Pricing should always be a function of the
And the bainking fiasco that started the economic melt down had
nothing to do with the deregulation done leading up to it. We should
have just let it self correct and that's just too bad if millions and
millions of people lost their entire retirement savings. They should
have known better.
F&F buying any junk (the junkier the better) from mortgage companies and a (de
facto) guarantee on the rest. Yes, it was *regulation* that caused the
debacle. It was *regulation* that keeps it from sorting itself out. It's
*regulation* that's causing this miserable recession to drag on (and on,
...and how did the lending practices amount to "DEregulation"? There were
*never* any federal regulations regarding down payments. In fact, it was
always the feds who pushed low downs (I had one in '82 - 1% or some silly
number like that). The more important issue was the junk paper that these
loans turned into and then traded as AAA paper. *THAT* was brought on by F&F,
the Democrats' favorite toys. Do remember than GWB warned of this at *least*
three times in major speeches (two being SotU messages). The Democrats, lead
by the Barney and Chris show, would have no part of reigning them in (and kill
his husband's bonuses?). ...right up to the collapse. Even now, they're back
at it. This *will* collapse again. It ain't fixed.
When government risks tax dollars and loses the money on bad loans,
there is always an uproar but if the government orders the banks to
do the same thing, the banks are the bad guys. It's very puzzling.
If these anti-gouging laws are keeping goods from flowing to where
they are needed, that's not good.
I couldn't get a good handle on who gets charged with violating these
laws or what effect they have on keeping hustlers from delivering the
Seems most enforcement is against motels and gas stations.
Don't remember who mentioned the generators out of a truck, but if it
was trader4 and he lives in NJ, they have anti-gouging laws.
31 states have anti-gouging laws.
Looks like they didn't keep this guy from selling the generators.
I would be in and out quick if I did that.
If somebody will pay $1500 for a $300 generator that's their business.
It's all mob mentality anyway. Why do they suddenly need a generator?
Even when your power will be out for a week, it's not the end of the
world. If they have a good reason for the generator then they'll pay.
Most are probably buying the generators because they saw the line.
If they need it to run a pump to clear their basement then the extra
cost might be worth it. Up to them.
When I felt I was getting "gouged" by guys selling Christmas trees on
corner lots, I started buying them at big box places.
Then my wife bought a plastic tree because she didn't like dealing
with the needles. I like it.
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