Five over-charging face mask traders jailed for between 6 to 18 months

[yourauntbob]

The economic ignorance of this saddens me.  People complain when they cant find masks, but are also mad when people charge more.  But charging more means that masks will be available as people will buy less of them and produce more.  

 

there is no such thing as "price gouging" there are only people who demand a free lunch.  

[steven100]

4 minutes ago, yourauntbob said:

The economic ignorance of this saddens me.  People complain when they cant find masks, but are also mad when people charge more.  But charging more means that masks will be available as people will buy less of them and produce more.  

 

there is no such thing as "price gouging" there are only people who demand a free lunch.  

happens world wide ...people are scum, they will rip you off as soon as they can and for as much as they can.

greed .... greed ... greed ,  no such thing as caring about another person anymore. 

[Arkady]

Someone should jail the Ebay vendors who are charging $24 for a single $2 N95 mask.

 

[essox essox]

On 3/20/2020 at 3:51 AM, Justgrazing said:

Anyone trying to profit out of this situation deserves nothing less .. 

And they should be banged up without any bog-roll .. 

probably no "BOG ROLL" IN CLINK !!!

[ncc1701d]

I don’t see anything wrong with supply and demand costs - those selling masks at a higher price are probably having to pay higher cost price too. The government should be buying them and subsidizing to the general public like they do many other things (fuel etc).

 

Some airlines that are still operating flights are currently charging astronomical Amounts for tickets. Makes these mask gauging prices look tame.

[RJRS1301]

2 hours ago, ncc1701d said:

I don’t see anything wrong with supply and demand costs - those selling masks at a higher price are probably having to pay higher cost price too. The government should be buying them and subsidizing to the general public like they do many other things (fuel etc).

 

Some airlines that are still operating flights are currently charging astronomical Amounts for tickets. Makes these mask gauging prices look tame.

Neo LIberal policies of market pricing , cuased offshore manufacturing, now many countries pay the price, so the rich will afford the neccesities, the rest >> too sad.

Governments have nowhere to borrow from, the World Bank has controlled that, under the guidance of the neoliberals.Thanks Maggie and the rest

 

 

[Skallywag]

On 3/20/2020 at 6:07 AM, colinneil said:

What about the government ministers who were profitering/ hoarding/ exporting masks?

Caveat Emptor.  Only hospital workers and Doctors need masks.

https://www.bbc.com/news/av/health-51881555/coronavirus-do-face-masks-actually-work

Edited March 21, 2020 by Skallywag

[yourauntbob]

On 3/20/2020 at 9:40 AM, steven100 said:

happens world wide ...people are scum, they will rip you off as soon as they can and for as much as they can.

greed .... greed ... greed ,  no such thing as caring about another person anymore. 

Although some of it is greed, without pricing rising you have hoarders.  You obviously didn't understand what i stated.  

 

Why is it greedy for someone to raise the price, but not greedy for someone to demand a lower price so they can overbuy?   

[yourauntbob]

On 3/20/2020 at 10:54 AM, Arkady said:

Someone should jail the Ebay vendors who are charging $24 for a single $2 N95 mask.

 

So because someone is helping to properly allocate economic resources you want to throw them in a cage?  Now who is the evil one?

[yourauntbob]

On 3/21/2020 at 3:00 AM, ncc1701d said:

I don’t see anything wrong with supply and demand costs - those selling masks at a higher price are probably having to pay higher cost price too. The government should be buying them and subsidizing to the general public like they do many other things (fuel etc).

 

Some airlines that are still operating flights are currently charging astronomical Amounts for tickets. Makes these mask gauging prices look tame.

So the pilots and other airline workers who are risking their health to get people from point A to point B should not receive adequate compensation?  what about the airlines taking the risk of lawsuits and having added costs to operate those flights, should they not be compensated?   

[TallGuyJohninBKK]

On 3/20/2020 at 3:41 AM, webfact said:

Five traders, who inflated the prices of face masks, were sentenced by the Criminal Court to time in prison.

 

 

After being convicted and sentenced, were they released on bail so they could appeal their convictions while running around free until all of them either die or flee the country???   

Edited March 23, 2020 by TallGuyJohninBKK

[ncc1701d]

1 hour ago, yourauntbob said:

So the pilots and other airline workers who are risking their health to get people from point A to point B should not receive adequate compensation?  what about the airlines taking the risk of lawsuits and having added costs to operate those flights, should they not be compensated?   

Your argument can also be applied to those selling masks at a higher price.

 

I’m saying prices would be expected to go up for the reasons you have stated. If the government wants to intervene - rather than putting the mask sellers (or airline management in jail), they should be subsidizing them.

 

 

[djayz]

On 3/20/2020 at 6:07 AM, colinneil said:

What about the government ministers who were profitering/ hoarding/ exporting masks?

This should take the heat off them...