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Harvey Price Gouging
Vanity | August 29, 2017 | self

Posted on 08/29/2017 7:40:46 AM PDT by where's_the_Outrage?

What should be the reaction to price gouging for Harvey?

I believe in the law of supply and demand, the more the need the higher the price.

That being said, what I don't condone is those that create shortages by burying up the local stocks and then gouging the prices.

But I do condone person X transporting needed supplies into affected area, and getting what he can for those supplies. In fact, I would encourage that. Have the monetary incentive to get the supplies to the area, do not expect Walmart to disrupt their profit margin by changing distribution methodology with no additional gain.


TOPICS: Business/Economy; Culture/Society; Editorial; US: Texas
KEYWORDS: gouging; harvey; prices
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If I was the Governor, I would invite outsiders to get supplies into needed areas saying get what you can. But if someone gets there before you do come crying.
1 posted on 08/29/2017 7:40:47 AM PDT by where's_the_Outrage?
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To: where's_the_Outrage?

Thousands were fleeing Harvey. This Texas hotel started nearly tripling room prices

Read more here: http://www.star-telegram.com/news/nation-world/national/article169921137.html#storylink=cpy


2 posted on 08/29/2017 7:41:40 AM PDT by where's_the_Outrage? (Trump the anti politician. About time!)
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To: where's_the_Outrage?

Price gouging in Alabama could get you prison time. And that’s the way it should be. Creeps trying to take advantage of people in dire need should get out of the way and let those really trying to help get through.


3 posted on 08/29/2017 7:43:56 AM PDT by boycott
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To: where's_the_Outrage?

A nearby Hampton Inn (not anywhere near Houston) is charging $300 per night over the Labor Day weekend due to the many events here in town. Is this “gouging”? Or a rational reaction to supply and demand?


4 posted on 08/29/2017 7:45:34 AM PDT by FreedomPoster (Islam delenda est)
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To: boycott

Economically illiterate policy that is harmful. Plays well on CNN, though.


5 posted on 08/29/2017 7:45:58 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: boycott

Economically illiterate policy that is harmful. Plays well on CNN, though.


6 posted on 08/29/2017 7:45:58 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: where's_the_Outrage?

Yeah, cause all those people running in cars and having left everything they own behind are just flush with cash.


7 posted on 08/29/2017 7:46:31 AM PDT by raybbr (That progressive bumper sticker on your car might just as well say, "Yes, I'm THAT stupid!")
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To: where's_the_Outrage?

There is no such thing as price gouging. It is an invention of the left. There is only supply and demand.


8 posted on 08/29/2017 7:47:13 AM PDT by taxcontrol (Stupid should hurt)
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To: boycott

-—there is no such thing as price “gouging” —anything is worth what people are willing to pay for it—and high prices are what bring in supplies of any kind , which results in lower prices-—


9 posted on 08/29/2017 7:47:52 AM PDT by rellimpank (--don't believe anything the media or government says about firearms or explosives--)
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To: rellimpank
-—there is no such thing as price “gouging” —anything is worth what people are willing to pay for it—and high prices are what bring in supplies of any kind , which results in lower prices-—

That being said, in this day and age of social media, there will be long-term ramifications for such short-sightedness.

10 posted on 08/29/2017 7:49:38 AM PDT by dfwgator
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To: where's_the_Outrage?

Best Western worked with the individual hotels to refund those that were gouged.


11 posted on 08/29/2017 7:49:53 AM PDT by TexasGator
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To: taxcontrol

You should be hurting ...


12 posted on 08/29/2017 7:51:19 AM PDT by TexasGator
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To: FreedomPoster

Yep hotels do this. I travel on business a lot, and stay at Hampton Inns or Holiday Inns. The price of one of my favorite hotels doubles during the summer.

I have colleagues in Arizona traveling there, who tell me of huge price differences between summer and their winter tourist season there. Nobody wants to go to Phoenix in July, so there are some nice bargains at that time for hotels. But the same place in December will cost you a fortune.


13 posted on 08/29/2017 7:52:13 AM PDT by Dilbert San Diego
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To: where's_the_Outrage?

It’s a tough call. Needless to say, the EASY WAY to deal with gouging is to BE PREPARED, rather than waiting until 10 minutes before the storm hits.

The people complaining about the price of fuel, water, and food COULD have bought a bunch of that a month ago, or even a few days before the storm...but were too lazy to do that. They wanted to ‘be sure’ that the storm was real.

There are some exceptions for this storm, but not many. The only one that comes to my mind is people needing to run generators...eventually they will run out of fuel. But just about everything else can easily be stored to survive 7 days.

Perhaps it’s time for all of us to live up to the Burning Man theme of Extreme Self-Reliance, or at least minimal self-reliance.


14 posted on 08/29/2017 7:52:22 AM PDT by BobL (In Honor of the NeverTrumpers, I declare myself as FR's first 'Imitation NeverTrumper')
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To: where's_the_Outrage?

It’s pure evil. Locusts.


15 posted on 08/29/2017 7:53:02 AM PDT by miss marmelstein
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To: rellimpank

Go back to bed.


16 posted on 08/29/2017 7:53:05 AM PDT by TexasGator
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To: taxcontrol

There is no such thing as price gouging. It is an invention of the left. There is only supply and demand.


^^^This


17 posted on 08/29/2017 7:53:40 AM PDT by robroys woman
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To: where's_the_Outrage?

Those that bought up the local stocks were probably able to do so because of price gouging rules that prevented the stores from raising their prices, thus someone can buy more than they need to sell later at a higher price.

Price gouging laws create artificial scarcity.

Regarding hotels - if you don’t allow them to raise prices at times like these, then a family gets two rooms instead of cramming into only one because it is too expensive. This leads to a shortage of rooms.


18 posted on 08/29/2017 7:54:33 AM PDT by Codeflier (Thank you for speaking truth to power President Trump)
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To: TexasGator

I have been hurting. Lived through flooding in Missouri and most recently in Norther Colorado.


19 posted on 08/29/2017 7:55:44 AM PDT by taxcontrol (Stupid should hurt)
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To: where's_the_Outrage?

It turns out that Louisiana has (or at least had) a law prohibiting price gouging in times of emergency. When we were picking up from Hurricane Andrew, a man came into St. Mary’s Parish with a trailer full of ice and was charging an outrageous price. A state policeman came by and reminded the man of the law. He then told the man that he could either give the ice to these nice people or go to jail - his choice. The man saw reason, and none of the locals had to “persuade” him.


20 posted on 08/29/2017 7:55:50 AM PDT by Pecos (A Constitutional republic shouldnÂ’t need to hold its collective breath in fear of lawyers.)
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