Sign up to save your podcasts
Or
Share “Tax Price Gouging?” by jefftk
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
“Tax Price Gouging?” by jefftk
In the aftermath of a disaster, there is usually a large shift in what
people need, what is available, or both. For example, people normally
don't use very much ice, but after a hurricane or other disaster that
knocks out power, suddenly (a) lots of people want ice and (b) ice
production is more difficult. Since people really don't want their
food going bad, and they're willing to pay a lot to avoid that, In a
world of pure economics, sellers would raise prices.
This can have serious benefits:
Increased supply: at higher prices it's worth running
production facilities at higher output. It's even worth planning,
through investments in storage or production capacity, so you can sell
a lot at high prices in the aftermath of future disasters.
Reallocated supply: it's expensive to transport ice, but [...]
---
First published:
January 17th, 2025
Source:
https://www.lesswrong.com/posts/tJnSkxhq9CzF4icb2/tax-price-gouging
---
Narrated by TYPE III AUDIO.
View all episodes
By LessWrongIn the aftermath of a disaster, there is usually a large shift in what
people need, what is available, or both. For example, people normally
don't use very much ice, but after a hurricane or other disaster that
knocks out power, suddenly (a) lots of people want ice and (b) ice
production is more difficult. Since people really don't want their
food going bad, and they're willing to pay a lot to avoid that, In a
world of pure economics, sellers would raise prices.
This can have serious benefits:
Increased supply: at higher prices it's worth running
production facilities at higher output. It's even worth planning,
through investments in storage or production capacity, so you can sell
a lot at high prices in the aftermath of future disasters.
Reallocated supply: it's expensive to transport ice, but [...]
---
First published:
January 17th, 2025
Source:
https://www.lesswrong.com/posts/tJnSkxhq9CzF4icb2/tax-price-gouging
---
Narrated by TYPE III AUDIO.
More shows like LessWrong (30+ Karma)
View all
Making Sense with Sam Harris
26,321 Listeners
Conversations with Tyler
2,401 Listeners
The Peter Attia Drive
7,891 Listeners
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
4,115 Listeners
ManifoldOne
87 Listeners
Your Undivided Attention
1,446 Listeners
All-In with Chamath, Jason, Sacks & Friedberg
8,788 Listeners
Machine Learning Street Talk (MLST)
90 Listeners
Dwarkesh Podcast
356 Listeners
Hard Fork
5,370 Listeners
The Ezra Klein Show
15,284 Listeners
Moonshots with Peter Diamandis
469 Listeners
No Priors: Artificial Intelligence | Technology | Startups
128 Listeners
Latent Space: The AI Engineer Podcast
72 Listeners
BG2Pod with Brad Gerstner and Bill Gurley
439 Listeners