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The OP asked a question.... state laws define what

Posted on: August 15, 2024 at 11:13:13 CT
Spanky KU
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is "too high of a price"

It is typically a cap of 10% increase to the price charged prior to the official declaration of an emergency on specific goods and services. The laws also allow for pricing higher than that if the seller can demonstrate that their costs increased......

In short:
1) It takes a declared emergency to trigger the law
2) It applies only to "essential" goods and services that are defined in the law or in the emergency declaration.
3) It defines what that cap on price increases are
4) it provides a mechanism for the seller to go beyond that cap.
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Who determines when a company is "price gouging" - Sal CMSU - 8/15 08:25:32
     one of two groups - meatiger MU - 8/15 10:05:04
     The consumer if they are smart by not buying the product, nm - MU-TULSA MU - 8/15 09:52:09
          price gouging laws only come into effect during - Spanky KU - 8/15 09:54:00
               It’s not price gouging - El-ahrairah BAMA - 8/15 10:05:50
                    and then it meets the definition of price gouging if the - Spanky KU - 8/15 10:18:19
                         Amazing how you bow down to the - meatiger MU - 8/15 10:28:16
                              I am not defending it.. I am explaining it - Spanky KU - 8/15 10:31:24
                         Why should a seller's cost have to increase in order - Sal CMSU - 8/15 10:20:26
                              Due to laws that prevent price large increases of essential - Spanky KU - 8/15 10:25:41
                                   you are using authoritative proof - FootballRefugee MU - 8/15 10:29:18
                                        nope - Spanky KU - 8/15 10:31:52
                                             The OP was mostly a rhetorical question(nm) - meatiger MU - 8/15 10:32:37
                                                  The OP asked a question.... state laws define what - Spanky KU - 8/15 11:13:13
                                                       that's authoritative proof - FootballRefugee MU - 8/15 13:42:31
                                                            It is a direct answer to the OP question(nm) - Spanky KU - 8/15 13:52:23
                                        Of course he does(nm) - meatiger MU - 8/15 10:30:01
                    I once sold a putter for $400 more than I bought it for - Sal CMSU - 8/15 10:11:06
                         Was there a declared state of emergency that included - Spanky KU - 8/15 10:22:34
                              The Harris admin isn't talking about a situation - Sal CMSU - 8/15 10:38:04
                                   Then the Harris Admin will get slapped down in court - Spanky KU - 8/15 11:14:08
                                        LOL(nm) - meatiger MU - 8/15 11:44:45
                                             The Harris Admin doesn't have that power(nm) - Spanky KU - 8/15 13:59:00
                              why would a government declaration - FootballRefugee MU - 8/15 10:26:23
                                   Because the gummint has increased power under an - Spanky KU - 8/15 10:30:43
                              He might have sold it during Covid - El-ahrairah BAMA - 8/15 10:25:14
                                   Don't be willfully stupid(nm) - Spanky KU - 8/15 10:26:22
                    RE: It’s not price gouging - KC rules MU - 8/15 10:09:28
     The Commissar who is appointed by - *M* KC - 8/15 09:32:11
          That sounds pretty awful - Sal CMSU - 8/15 09:56:18
               RE: That sounds pretty awful - *M* KC - 8/15 10:03:14
          Interesting how your subject line looks in the thread: - JeffB MU - 8/15 09:35:53
     I'd like to see a clear RATIONAL definition of that.(nm) - GA Tiger MU - 8/15 09:18:19
          It typically requires a declared state of emergency - Spanky KU - 8/15 09:40:47
     rask (nm) - JeffB MU - 8/15 09:00:15
     When their sales drop and their competitors increase (nm) - mu7176grad MU - 8/15 08:59:27
     apparently dem approval rating and inflation combo. - RHAYWORTH MU - 8/15 08:55:52
     it's sort of hilarious - o'lineydisciple MU - 8/15 08:44:49
          great point (nm) - Sal CMSU - 8/15 08:46:22
     Nobody. It’s just the usual scam rhetoric that people like - Outsider MU - 8/15 08:37:45
          Nobody isn't the right answer - Sal CMSU - 8/15 09:13:33
               Unfortunately, it is true that they do *some* price fixing, - JeffB MU - 8/15 09:42:47
          Right, the old dem promise of sticking it to the man so the - tigertix MU - 8/15 08:56:06
               Yep. It truly is amazing how they are able to get away with - Outsider MU - 8/15 09:02:32
     Government marxists must exert their control and authority - hokie VT - 8/15 08:29:22




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