Is there any truth to this claim? Seems to me like the opposite would be true. If you jack up the price beyond the equilibrium you'll only get well-off customers, who naturally are nor those who need it most.
LULZ / Misc
Is there any truth to this claim? Seems to me like the opposite would be true.
1. The prices don't get jacked so that "only rich people can buy them"
Toilet paper didn't reach $100/roll, bottled water didn't reach $100/bottle, etc.
Please give ONE example of an item getting jacked up so much that only rich people can buy them.
2. Since NOTHING gets jacked up the way you described, even poor people can afford the necessities *if* they make the correct economical choice to abandon luxury items.
>food bill goes up to $20/day
>starves because would rather spend 20 bucks on funko pops
That is the individual's choice. No one is forcing poor people to starve. If they choose to buy funko pops instead of food then that's their retarded choice.
1 housing in current market. People are overpaying $30k on houses that aren’t worth it.
>2. The avocado toast argument
Shhh child. The adults are talking.
It isn't only rich people who can buy houses, but if you haven't set yourself up to be financially sound in the near future then yes, it is hard to buy a house, but nowhere near impossible. You just might need to take on a shittier mortgage or move to a worse area. I will grant you that house prices *have* gotten high enough that it's having a negative impact on the overall economy and in people's quality of life.
>the avocado toast argument
No, you're officially a retarded homosexual for conflating the two things
The avacoda toast argument = you can't buy a HOUSE because you bought avocado toast.
My argument = an idiot chooses not to buy *FOOD* because they chose funko pops.
You are actually the one making the retarded avocado toast argument because you are conflating houses and food. Meanwhile I am talking about items of similar value.
>can't buy this $20 item because he spent the $20 on funkos
20 dollars of food is not even in the same galaxy as buying a house.
You are a retard.
You're a fucking retard if you think people are struggling with living costs right now because they buy funko pops. You homosexual lefties claim to be against the system but defend every single gnomish trick in the playbook like good little cattle.
Store's were out of toilet paper and water. Hard to "jack up" a price on something that doesn't exist.
If there are 100 potatoes and 100 people, the price of potato must be raised above the ability of anyone to buy more than their share. Anyone who gets missed gets handed a potato by the government anyway.
>the well off
This is a red herring, there is no "the well off" or "the rich". We are talking about the lower middle class and above, and they need food too.
"Those who need it most" is another red herring, but they are already on welfare, they cant be gouged because they get free money. The only reason we have welfare is so prices dont have to take into account anyone who geta cut out of the market.
IF WE WERE SPEAKING about lassaiz faire ancap nations without welfare, maybe you would have an argument. But we arent and you dont.
So then what about those people who make just enough to avoid qualifying for welfare, but are still considered lower end income-wise? There are lots of them out there. Especially those with a mortgage and a kid.
>So then what about those people who make just enough to avoid qualifying for welfare, but are still considered lower end income-wise? There are lots of them out there. Especially those with a mortgage and a kid.
They get absolutely fucking trashed.
But this is not the economys problem, its the fault of government for not imposing a graduated welfare system instead of a fixed cutoff system. For example reverse taxation works great, if you control the curve.
Like the other person said, they get trashed, and it's the government's fault for not being smarter about the policies they impose.
Yes, we see it here in America where tons of people work 40-50 hours a week and they barely seem any better off than a welfare n-word. In fact many welfare n-words outwardly look better off
>drive a nicer car
>wear more expensive clothes
And they aren't stressed out because life is one big party for them. They don't have to spend their time working, and they don't have to spend time recovering from work.
The people barely making above the max allowed for welfare get butt fucked by America. Many such cases.
America is a disgenic, muttified 3rd world shit hole
Or you could just grow your own fucking potatoes. jfc what a retard. It's about the easiest food to grow.
Its an example brainlet
>Rape is a good thing, actually
>It ensures the pussy is not hoarded by a few people (women) during shortages and instead allocated to those who need it most (me).
For the love of God, shut your stupid woman hole.
there is no such thing as price gouging. every transactions has a buyer and a seller. if price is too high, don't buy.
No clue but is half-right. We're seeing a society of zoomer communists who have lived through Trump's economic boom starting to realize that economies can go bust really fucking fast and that gas will simply become completely unaffordable, even if it illogically causes large parts of the economy to shut down and undermines the companies trying to sell the gas in the first place. The market is rational in the long run but just as euphoria means a bull market can become irrational, a bear market can also become unreasonably self-defeating. So now we find people realizing the price will go up until no one can afford it and then the business goes out of business as a result.
>The market is rational
True only of FREE markets, which are becoming rarer as we become more feudalist..
Ah yes, because people commuting to work every day have a choice not to buy fuel 🙂
there are plenty of ways to get around commuting. the market is not the problem. it's usually the government regulations that get in the way.
1. carpool - which is legal.
2. live at work during the week - often illegal, for no good reason.
The fact that a libertarian actually typed this post out and somehow thought it was a good counter-argument is a perfect examplar as to why libertarianism is basically dead, with only a handful of sub-90iq adherents and pedophiles remaining.
You appear to have chosen to live somewhere a commute is required
>Is there any truth to this claim?
Does it apply equally to the housing market?
You can't gouge prices in free market. You need cartel to do that, and that is highly illegal. Biden will sue Exxon any day. Or not.
Not when there’s only six consolidated companies you stupid cunt. This literally only works in the market garden micro market, how about you learn some counting econ
it's a pretty retarded tweet. price gouging has the same end result as scalpers clearing the market - everything gets horded in one place and only sold piecemeal at an ever increasing price.
also the prices don't increase to a degree where it would discourage hording anyway. toilet paper tripling in price will still end with toilet paper being easily enough affordable to stack 6-12 months worth of it in your storage room, the company just made more of a profit
>Is there any truth to this claim?
Yes.
>you'll only get well-off customers
Well-off customers buy jet fuel, not regular gasoline.They don't buy pork chops and chicken, they buy filet mignon.
Whenever you think a price is unfairly high, ask why a new company doesn't appear, supply the product, and get a share of the supposed profit. The answer is usually that the profit isn't unfairly high, but sometimes it's because the current suppliers have locked out new competitors somehow, often by dictating to government which laws to pass in their favor.
Wrong question. Both price gouging and hoarding are gnomish.
Thanks for coming to my TED talk.
Buying up scarce resources to subsequently sell later anticipating or even deliberately engineering a supply shock is a very unethical practice. Entire industries are based around this, though, like the diamond trade.
That's what I said, just more wordy. I reiterate - i's gnomish.
Market fluctuations based on limited supply vs. increasing demand is a basic principle of economics - the field of study centered around understanding how a society distributes its scarce resources. So...yes.
If you believe this, that's why you need a windfall profits tax at least
Companies should be allowed to just pocket all that money because people need it
hoarding stabalizes the market.
the woman is a retard.
hoarding is done by speculators to front load demand on the market to signal production to ramp up by creating that increase in demand.
this woman puts the cart before the n-word most all women do,
I had to explain this to the women in my family because they had the exact same retarded take. despite being over 50 women are still dumb as fucking rocks. and why would they not be, they're women. they don't have to think, that's the mans job, like me.
My job is to be right and also present it to women in any irrational way to make them fell whats right is right.
that is how women work. if you're right and they don't like you they will literally kill themselves and blame you for being unlikeable.
>hoarding is done by speculators
and also by the consumers.
>those who need them most
People with lots of money??
>Storm knocks electricity out
>Local store raises battery price to $10/ea.
Person1:
>Flashlight batteries are dead
>Go to store to buy batteries
>Wow, so expensive, but I need them so I'll buy anyway.
Person2:
>Have batteries but go to store to hoard them.
>Wow, so expensive. Meh, I'll just stick with what I have.
This. It isn't even hard to visualize or understand.
No one is saying that the person who pays $10 for batteries should be *happy* that it cost 10 bucks, but he should be happy he was able to buy what he needed, and a maximum amount of people will be able to say the same thing, so long as the batteries do not actually price out people who need them.
If I need something, and some asshole hoarded all of them from the local stores, there's going to be a lot of unhappy people.
Also in many cases where "price gouging" occurs there are heavy expenses and/or losses associated with it, such as with acts of God, so it's not like the store is actually getting rich
>there is damage to the store
>damage to the community
>damage to houses
That fucking store is going to have some bad months ahead as everyone tries to get their financial shit together in the aftermath.
Raising the price of something makes it more profitable which encourages more people to get into the supply of it.
>price gouging
What is loaded terminology?
How does currency debasement work?
The State controls the narrative and counter narrative.
These types of accounts are made to put the onus on producers instead of the currency debasement caused form congress printing money via legislation.
Dumb roastie can’t into a planned economy. Lolbergs are intellectual detritus on the glownet, albeit purposely. Stop pretending we’re having meaningful discussions with other people.
>stop pretending we're having meaningful discussions with other people
This. I'm just here to call out the retarded homosexuals for their retarded homosexualry