Posted on 03/15/2020 6:39:19 PM PDT by Morgana
The Hixson man who bought 18,000 bottles of sanitizer and attempted to sell the product online is now under investigation by Tennessee's Attorney General.
Matt Colvin told Channel 3 before the investigation began that he was considering donating the leftover inventory.
Channel 3 went to one of the storage facilities where Colvin and his brother were storing the surplus of medical supplies.
Investigators with the Tennessee Attorney General's Office were already on the scene.
"At the end of the day, we have nothing to hide," Colvin told Channel 3.
Hunter Hoagland ✔ @HunterHoagland
JUST IN: Office of @TNattygen says the stockpiled medical goods were taken to a local church where theyll be spread throughout the community & a portion of the sanitizer will go to KY where the brothers cleared shelves. Colvin says he was willing to donate. @WRCB https://twitter.com/hunterhoagland/status
(Excerpt) Read more at wrcbtv.com ...
That's why I mentioned Martin Shkreli, the guy who bought up the toxoplasmosis franchise and raised the prices roughly 100-fold.
“The price gouging law makes it unlawful to charge a price that is grossly in excess of the price charged prior to the emergency.”
I notice that brain dead liberal law makers make laws with wording like this. What happens if a business in that state buys a product from another place and the price has gone up for that business to purchase a product. This could be due to price gouging, but it could also be due to a shortage of ingredients driving the price of the final product up.
Now does this mean that if say Wal-mart has to pay 50% more to stock the product then they can only charge 10% more than they were before. Which means that Walmart would now have to pay the customer to take its product. They would have to take a huge loss. Then if I were Wal-mart then I would not order any more product and it would never be in stock.
So because the law is written this way then it insures that a product may become unavailable at any price.
The price that a business pays to stock the product must be taken into account. But Socialist’s can’t understand that.
The price that a business pays to stock the product must be taken into account. But Socialists cant understand that.
= = = = = = = = = =
Same ‘crowd’ will demand YOU pay ‘30 bucks min wage’ then gripe when the price of a hamburger or coke goes up a dime.
They also want to ban ALL trucks from the highways then scratch their gonads and wonder why there are no products in the stores. (Don’t tell them that EVERYTHING is NOT stocked in the ‘back room’)
“What possessed the idiots to let the NYT do a story about their hoarding/plan to gouge.”
Just that they idiots. They wanted sympathy thinking they had done nothing wrong. They thought they were just a small business owner getting the shaft by Amazon.
His selfish actions deprived thousands of Tennesseans the ability to have sanitizer to protect themselves & their families.
Civilized nations don’t allow that.
Where were these complainers when the price of AR’s went through the roof when it appeared as though Hillary would become the next President?
Anyone defending these jerk-wads needs to look into how they did it first, and then just join the Dem/Communist party if they still think what they did is OK.
well, the greedy bastard can’t sell any of his hoard anyway because ebay, amazon, craigslist and etsy put the kibosh on gougers ...
“I really dont think he thought this through.”
of course not ... he’s a low-rent moron ...
It isn't illegal to buy a legal product with their own money, and then try selling it at a higher price.
Amazon and eBay does it every day, and so does my local grocery store.
“What possessed the idiots to let the NYT do a story about their hoarding/plan to gouge.”
idiots ... i think you answered your own question
“Cant imagine any laws broken”
imagine again:
https://www.tn.gov/attorneygeneral/working-for-tennessee/consumer/resources/laws.html
“Ive scanned several news reports and all are saying he donated it to a Church.”
he needed his garage space back and had no way to sell his hoard ...
Does that apply to individuals? Serious question.
The moral of this story is to have stocked up long before this disaster happened and kept about ten bottles and extra toilet paper on hand in your home just in case.
“Does that apply to individuals? Serious question.”
am wondering too because saw a picture on bookface of some woman selling TP for $5.00 a roll in Kentucky.
But he jacked the price up to insane amounts while wiping out the shelves in a time of emergency. Had he sold them with a fair markup, he wouldn’t be in this mess.
If the economy completely collapses, and the fed starts printing a vigintillion dollars of fiat ‘to save the economy’ and a loaf of bread costs a billion, will they come and arrest us for selling gold or silver at whatever price someone is willing to pay for it?
(Yes, Yes, they will And FReepers who didn’t themselves prepare for the situation will cheer for the jackbooted thugs.)
Only if a Natiknal Emergency was officially declared prior to him purchasing the products. I also believe the gubmint would have to issued a warning that formally stated which items were listed and what amount you were allowed to purchase.
To my knowledge no such list(s) exist yet.
IMHO, he’s guilty of no crime.
I would happily pay him double retail for a couple right now.
His actions should have ended up limiting waste and actually providing to people.
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