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Unprepared New Yorkers Battle Price Gouging
Personal Liberty Digest ^ | November 6, 2012 | Sam Rolley

Posted on 11/06/2012 5:03:21 PM PST by Tolerance Sucks Rocks

Being prepared for disaster is a way of life for many American preppers, but there are also many people throughout the Nation completely unprepared for the unthinkable.

Those who are unprepared become easy targets for victimization. Since Superstorm Sandy struck New York, there have been hundreds of reports of price gouging in the area as frantic city-dwellers rush about in search of basic supplies.

New York State Attorney General Eric Schneiderman said Monday that he was in the process of investigating more than 400 possible cases of price gouging as prices on things like gasoline, food, bottled water, generators, batteries and flashlights have skyrocketed at some retailers. He said he was investigating supermarkets, hardware stores, bodegas, delis, hotels and taxis throughout the New York City region.

“We are actively investigating hundreds of complaints we’ve received from consumers of businesses preying on victims of Hurricane Sandy,” Schneiderman said. “Our office has zero tolerance for price gouging.”

One customer was shocked to be charged $10 for a box of matches at a neighborhood store. There were also reports of potatoes at one grocer going up from $3 to $7 and a loaf of bread costing $7.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: New York
KEYWORDS: batteries; bread; flashlights; food; gasoline; generators; matches; preparedness; preppers; prepping; pricegouging; sandy; water

1 posted on 11/06/2012 5:03:23 PM PST by Tolerance Sucks Rocks
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To: Tolerance Sucks Rocks

New Yorkers have been getting gouged for years. They should be used it by now.


2 posted on 11/06/2012 5:04:42 PM PST by Cosmo (Economics is not a conspiracy theory)
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To: Tolerance Sucks Rocks

Price gouging needs to happen and run its course. It’s the fastest way to get goods where they are needed.

Price controls (i.e. anti-price gouging laws) will only create more shortages and lengthen the period of suffering.

Ignorance is so sad. It’s also deadly.


3 posted on 11/06/2012 5:08:05 PM PST by Maceman
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To: Kartographer

PING!


4 posted on 11/06/2012 5:08:16 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Cosmo

Price gouging laws are stupid. Prices are just a reflection of real value and supply and demand. If people were allowed to truck in supplies and make a profit, then in short order, supplies would increase and the high prices would start to fall. Price gouging laws are the same as price controls, and they cause shortages just as price controls do. Let the market work.


5 posted on 11/06/2012 5:09:09 PM PST by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
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To: Tolerance Sucks Rocks

In Florida they arrested people who wanted to sell bottled water because of price gouging. They didn’t get any water.


6 posted on 11/06/2012 5:11:02 PM PST by albie
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To: Tolerance Sucks Rocks

The price of doing business if your a bent over sheeple in a nanny state.


7 posted on 11/06/2012 5:12:20 PM PST by dancusa (Lets be nimble, Lets be quick, Make Barrack history on November sixth.)
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To: Tolerance Sucks Rocks

After the Japan nuclear accident, people in Kansas were hoarding Potassium iodide yet lived nowhere near a nuclear plant.

High prices are the only way to see that goods get to the people who need them. One will only pay a high price if one REALLY needs it.

High prices serve a purpose in disasters.


8 posted on 11/06/2012 5:15:35 PM PST by Red in Blue PA (Read SCOTUS Castle Rock vs Gonzales before dialing 911!)
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To: Maceman

As I was talking to people on the 2 hour gasoline line on Saturday, everyone would be happy if they gouged us and charged us $8 or $10 a gallon for a week or two, just get the effen gas here !


9 posted on 11/06/2012 5:17:52 PM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Maceman

You are spot on and I would suggest the author read some Sowell.


10 posted on 11/06/2012 5:32:02 PM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Tolerance Sucks Rocks

It’s not price gouging.
It’s prices reflecting current value.


11 posted on 11/06/2012 5:36:22 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: Tolerance Sucks Rocks

“Need a blanket, grandma? Need a light? $300!”

“But I don’t have $300.”

“Freeze in the dark, old woman!”


12 posted on 11/06/2012 6:28:03 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: Red in Blue PA
One will only pay a high price if one REALLY needs it.

And HAS it. Which will be remembered a long time by those in such a spot.

13 posted on 11/06/2012 7:02:26 PM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: count-your-change

For the record I’m against anti-”gouging” nannyness, but I am also not a kneeler before a god of untrammeled capitalism. People do remember and karma can be a female dog.


14 posted on 11/06/2012 7:05:22 PM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: count-your-change

If someone believed he could sell a blanket for $300, he and many others would bring in truckloads of blankets, and the increased supply would drive prices back down in short order. Instead, with “anti-gouging” laws, no one is incentivized to bring in blankets and there will be no more blankets available.


15 posted on 11/06/2012 7:11:15 PM PST by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: Maceman

“Price gouging” prevents a single person from hoarding it all.


16 posted on 11/06/2012 7:28:30 PM PST by Blood of Tyrants (Why is the government more concerned about protecting a microbe on Mars than an unborn baby here?)
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To: ctdonath2

Forget price gouging during disasters...will someone tell me how 5lbs of potatoes can be $2 and 10oz of potato chips are $4???


17 posted on 11/06/2012 7:45:42 PM PST by ClearBlueSky (Whenever someone says it's not about Islam-it's about Islam. Jesus loves you, Allah wants you dead!)
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To: ctdonath2

Forget price gouging during disasters...will someone tell me how 5lbs of potatoes can be $2 and 10oz of potato chips are $4???


18 posted on 11/06/2012 7:45:59 PM PST by ClearBlueSky (Whenever someone says it's not about Islam-it's about Islam. Jesus loves you, Allah wants you dead!)
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To: FoxInSocks
They might bring in more blankets IF they were able to and if someone was able to then no one would be asking $300 since there would be way to get it.

I would ask if someone feels they can ask $10 for a box of matches with a reasonable possibility of receiving it there is not truck loads of matches on the way to sell at this price.

“Instead, with “anti-gouging” laws, no one is incentivized to bring in blankets and there will be no more blankets available.”

Somehow blankets were available pre-disaster in quantity.

A $10 box of matches is only available to the person with $10.

19 posted on 11/06/2012 7:59:55 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: All

I am at the point where I say “Screw the a-holes in the blue states”. These fools told us how great the Kenyan was when he stopped in for a photo op and now they want to bitch?? F-them!


20 posted on 11/06/2012 8:04:30 PM PST by JerseyDvl (Cogito Ergo Doleo Soetoro, ABO and of course FUBO!)
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To: count-your-change

If an entrepreneur were allowed to make a profit, he’d find a way to get blankets there. Doesn’t make sense to make an extraordinary effort and lose money to get a product into the area.


21 posted on 11/06/2012 8:07:49 PM PST by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: HiTech RedNeck

I don’t favor such laws either but in a natural disaster when life and death necessities are not available for most people even at high cost I can’t see telling granny to freeze in the dark to turn a buck.


22 posted on 11/06/2012 8:09:40 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: count-your-change

Whoever does will have to live with the infamy.


23 posted on 11/06/2012 8:12:59 PM PST by HiTech RedNeck (cat dog, cat dog, alone in the world is a little cat dog)
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To: FoxInSocks
The entrepreneur has to have a paying customer to make a profit. If he wants to sell matches at price no one has he won't profit.

Rationing by price in a disaster favors those who needs are less while rationing by quantity, even at a higher price, provides some greater opportunity for those whose needs are real and might go completely unmet otherwise.

Granny has no money? The entrepreneur can tell her to freeze in the dark, he wants his $300.

24 posted on 11/06/2012 8:30:32 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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