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Price Gouging: Hurricane
Storyboard Text
- Introduction
- Natural Disaster
- Opinion
- Price gouging is an immoral action. Price gouging is raising the price extremely high of an item that is demanded for the needs of survival. Usually after disasters, price gouging happens because the people that are affected by the disaster, run out of supplies and need more. So gougers come to take advantage of the situation by bringing supplies and selling them for double to triple the price of the item.
- Evidence
- Get your water! Selling water! Each bottle is $50!
- The most damaging natural disasters in history of the U.S. were Hurricane Katrina, Hurricane Harvey, Hurricane Sandy, Hurricane Andrew and the L.A. Earthquake. Hurricane Katrina lasted for 8 days blowing with it's fast winds and heavy rain plus the flooding from the ocean and rivers. The aftermath of Katrina left thousands of people starving, out of supplies and stranded.
- Evidence
- If i don't set the price this high then, not everyone is going to get one.
- As I understand it, price gouging is a completely immoral and a corrupt idea and it should be illegal. The fact that your taking advantage of this person in need of supplies to survive is just obscene. Though, I do see the economic side to price gouging and that it has some benefits like bringing supplies to people sooner then the government can and the even distribution to people because of it's high pricing. It is simply the idea of supply and demand. The disaster causes a decrease in supply which causes an increase in demand and price gougers take advantage of it.
- Conclusion
- Price gouging violates every standard of morals there is. "My wife just got out of the hospital and she is very sick and we need a generator" quoted from an interview in the John Stossel video about price gouging.
- Please! We don't have the money for it, our daughter is dehydrated and there isn't anymore water.
- In the John Stossel video it shows how an individual that is not affected by the disaster decides to buy generators and travel to the location of people in need of help and sell them supplies. Though he may have doubled the price of the generators people were still happy that there were supplies now but he was arrested soon after that and was confiscated of his generators, because of this there were no use of the generators.
- The idea of price gouging is shameful even if it has some benefits. Price gouging should be made illegal because you are taking advantage of people that are in horrible situations where they are almost force to buy from you because they need it to survive.
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