Price gouging law goes into effect

Price gouging law goes into effect

[greg]

So charging $50 for $5 worth of sanitizing wipes is price gouging but charging $100 for $5 worth of insulin is just capitalism.

[alcornsugar]

"Price Gouging" only occurs when the politician is left out of the income loop.

[jimevans]

If the government wants to enforce price gouging they should do it across all companies that like pharmaceuticals, Apple and others. why should they be able to price gouge in other companies can't.

[lothean]

Wow, wonder if they can apply this to the price gauging of housing in California

[rubenvela]

Price gouging is supply and demand. Suck it up.

[goornotravelguide]

Hi it's not online price gouging that's empty in the shops. There is nothing in the shops. Even places that are ordering items are not receiving them. this is the factories the corporations they are the people that are causing the problems. they're the ones that should be getting fined for not supplying anything to any of the businesses to any of the people. It's easy to say there's price gouging. When things are placed on auction people need items. There are none. so what are people supposed to do that are quarantined? When they can't buy anything online. It's easy to be self-righteous and hide behind government and corporations that are telling you this is price gouging that's price gouging. But they're still not supplying anything to the people. All the small businesses are going under. This is mainly because they don't have a right to sell certain items currently. And if they do then someone's yelling price gouging. has anybody noticed that all the corporate stores have upped their prices? Has anybody noticed that all the shipping companies are charging ridiculous fees? Is it okay for certain corporations and government to price gouge you? The laws not protecting anybody. It's just filling the government's pockets with fines. And the people still aren't going to be able to get items in stores or online. just think a minute about who's it's helping? You think the government is helping you? Where do those fines go that they charge people? Oh that's right in the government's pocket, But then the sheep are nice and quiet because the government has made them believe they're doing it for them.

[sanbon]

Grocery stores are charging enormous prices if you order online to

[ab]

No free-market? So it's like Venezuela?

[anannyosamayel]

Most economists agree that price gouging is actually good for an economy

[Desiqnify]

Price gouging is when a doctor charges £1000 for horse tranquiliser infusions that cost £10

[omarperezrodriguez]

You can not escape the law of supply and demand. Is like saying we have a law against gravity.... smh

[lostrelics]

I see John stossel has a interesting youtube video on price gouging .. shows how higher prices provide incentives for people to come in and meet the demand .. otherwise people go without. etc..Nobel prize winning economist Milton Friedman says gougers deserve a medal