$50,000 Fine For Price Gouging During Hurricane Beryl
Discussion in 'Other News' started by mjd4277, Oct 9, 2024.
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I wouldn't be crying because I wouldn't be buying - not from the gougers.
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I looked at the law for the state of Texas (since that's the state where this occurred) by following links from the thing that you posted.
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When they threaten gas stations with "gouging laws" that's effectively a price control. Can't charge more than a 10% premium in a national emergency... that's controlling the price.
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Nope you're just a tad dense. Normal market price spikes of fuel during emergencies get erroneously referred to as "price gouging". We even have populist inspired nonsensical laws against "price gouging" that no-one ever goes to jail for and only an unfortunate few actually pay the fines. It's a bunch of political theatre and bad socialist policy that doesn't do what it intends to do. Never works. Just creates a worse shortage than already existed.
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