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Is it illegal to charge insane prices for things? (self.nostupidquestions)

submitted 10 months ago by Lafari to c/[email protected]

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Is there a law preventing me from for example selling a baseball hat for $20,000?

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[–] [email protected] 3 points 10 months ago* (last edited 10 months ago) (1 children)

No.

Even Martin Skreli, the dipshit who jacked up insulin prices by 300% didn't get in trouble for that; he went to prison for security fraud or someshit.

However, if there was say a crisis going on and you raised the price of water you were selling to capitalize on others' misfortune that tends to be illegal. Like when stores were price gouging on hand sanitizer during the height of the covid lockdowns.

[–] [email protected] 1 points 10 months ago

Skreli was absolutely 100% capitalizing on others' misfortune and the fact that he didn't get in trouble for that is incredibly bad.