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To: suthener

“Price gouging is legally defined as charging 10 to 25 percent more for something than you charged for it during the month before an emergency”

Therein lies the ridiculousness of the law & the argument by Williams & Stossell.
Raising the price from $2 to $4 isn’t the same as raising the price from $2 to $20 or even more, which is what’s happening with the masks & gloves & sanitizer. That’s not 10 or 25%. It’s dumb for cities or states to think that a small percentage like that is ‘gouging’. Raising the price 5 or 10 times or more is gouging.


15 posted on 03/18/2020 5:12:41 AM PDT by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: nuconvert
During one of the major hurricanes a few years ago I seriously considered loading my truck up with a thousand bottles of water and driving 1200+ mikes to bring them to the devastated area. I would have needed to charge $10 per bottle to make it worth my while.

I gave up on the idea when I learned that I could be prosecuted for “price gouging.”

How did that stupid law work out for ANYONE in that particular scenario?

19 posted on 03/18/2020 5:23:16 AM PDT by Alberta's Child ("Oh, but it's hard to live by the rules; I never could and still never do.")
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