Big score at Walmart, but not for me ;(

[Wanderling]

I'm sort of torn on the issue. I believe in capitalism, but also believe that profiteering should be penalized. Although this is not really an emergency, so you can't call it profiteering... but I really want to

 

[JRH6856]

I just want to shoot. I can't stand opportunistic weasels who ruin it for all of us guys who enjoy shooting. That guy buying ammo because his wife feeds him insider info deserves to get his ass beat. It's just not right.

Buying the ammo and reselling it for profit? That's legal. Beating his a$$ for doing it? That is not legal.

A free market sets prices based on supply and demand. Assuming supply is constant, when demand is high, so are prices. When demand is low, so are prices. I can go to Wal-Mart, Academy, Cabelas, even Bass Pro and see normal pre-panic prices. I also see empty shelves so those prices are meaningless to me. Looking at current prices for ammo that is available on the Internet, it seems that right now, the ammo I have is too valuable to shoot. It's like burning money.

 

[jcwit]

The folks I feel the sorriest for are those being active in the training of young shooters. Those involved in the 4-H, Boy Scouts and Jr. Leagues around about our nation who find it next to impossible if not impossible to find ammo all because of a selfish few.

Now before you'all pile of me for the above statement I have, and do, donate and support these organizations with both ammo and monies to buy ammo.

 

[Ebbshot]

Micro, you'd have to know where I grew up to know that I'm just joking around. That was always the answer to everything, "That guy didn't pay back his bet? He needs to get his ass beat?" "That guy dented the other guy's car? He needs to get his ass beat."

I'm just spouting about the overall state of affairs. I think there a lot of guys like me who did not stockpile adequate ammo for going through a drought. Then you get the guys on here who rail on guys like me saying we're stupid and short-sighted and naive. That's fine. I deserve it. To your point about burning money by shooting, that's what I'm saying. It's sad that we are in the place where people who legitimately use ammo are getting aced out by guys like that guy who just want to profit off of us. I was an economist in the early part of my career, so I'm fully aware and appreciative of how a free-market system works. I'm just frustrated and complaining. Call it therapy. Or feel free to tell me that I need to get my ass beat.

 

[JRH6856]

I'm just frustrated and complaining. Call it therapy. Or feel free to tell me that I need to get my ass beat.

No, you (like me) need to buy more ammo when it's cheap.

I just hope we get to that point sooner than later. I don't like depleting my (small) stock when I have little hope of replenishing it (limited supply raises value dontcha know).

 

[oneounceload]

The fact that folks like this, whether individuals or retailers, are using this situation to gouge others, is just a fact of life in a Capitalistic society.

There is no such thing as gouging when folks willingly pay their price. Called making a profit on their investment - no different than buying a stock for $10/ share and selling it 6 months later for a huge profit because they announced some new product.

Folks who think gouging exists or is illegal or immoral needs to watch this

 

[hoji]

Great video.I hope more people watch it.

 

[GoWolfpack]

There is no such thing as gouging when folks willingly pay their price. Called making a profit on their investment - no different than buying a stock for $10/ share and selling it 6 months later for a huge profit because they announced some new product.

Folks who think gouging exists or is illegal or immoral needs to watch this

It won't help. People oppose gouging on an emotional level, not an intellectual one. High prices coupled with high demand are an incentive for sellers to make more product available. But that isn't the point, the point is that we hate anyone who has something we want but is charging "too much" for it. Or anyone who is sold out of what we want. Or limits on what we want.

 

[mopar92]

The reality is, something's worth what " we" are willing to pay. People are gouging themselves. If ppl stopped and refused to pay $120 for a $21 bulk pack, the price would go down. Now, if we had a food or water supply issue, and people are sick and dying because they can't afford the $170 gallon of water.... What is this? Capitalism or gouging? Hypothetical I know, but what would you say to that?

 

[radiotom]

The reality is, something's worth what " we" are willing to pay. People are gouging themselves. If ppl stopped and refused to pay $120 for a $21 bulk pack, the price would go down. Now, if we had a food or water supply issue, and people are sick and dying because they can't afford the $170 gallon of water.... What is this? Capitalism or gouging? Hypothetical I know, but what would you say to that?

Why are people sick and dying? Why is water so scarce that it is $170? I'm gonna pull water from well and sell it for $160 a gallon. Now what?

Why do we have to keep explaining capitalism...it is so easy...but more people than ever don't understand...

 

[Hacker15E]

Products do not have an objective value or price in a free market.

The market sets the price.

 

[buckhorn_cortez]

There is no sales tax issue in buying items at full retail, with sales tax, then selling them. The tax is included.

Not in every state. In NM it is NOT a sales tax, it is a gross receipts tax and that is a business tax not a tax on the goods being sold or a tax on the buyer.

Unless you have a non-taxable transaction certificate - then everytime the item is sold, there is a tax on the gross receipts.

So, your one-size-fits-all statement would not apply in the State of New Mexico.

 

[jcwit]

Folks better be thankful the grocery industry isn't working on the same percent of mark-up the fly by night retailer/rip-off artist is thats using WalMart as their main supply source.

Furthermore is see many here have no idea how the business world actually works, but I also understand thats more than likely why most folks, 4 out of 5. have more credit card debt than assets.

 

[Al Thompson]

Looks like this one is done.