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Thread: Gov't steals from hoarder....??
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April 2nd, 2020, 11:23 PM #1Super Member
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Last edited by Boondox; August 28th, 2021 at 04:42 PM.
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April 2nd, 2020, 11:42 PM #2Grand Member
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Re: Gov't steals from hoarder....??
Just posted about this on the NJ SS death squad thread. I think this is where the misinformation came from.
Draw the line? Like I said in the other thread this guy is an Asshat. He was selling 1000 masks for $12,000. And since he had 192,000 masks I guess he was planning on clearing $2,304,000.
He could have sold them at a more reasonable markup and still have made a fortune but he got too greedy. And now he is screwed.
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April 3rd, 2020, 12:17 AM #3
Re: Gov't steals from hoarder....??
The government is going pay him fair market value (based on pre-panic prices) for the goods they confiscated, so it is not total theft.
Illegitimus non carborundum est
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April 3rd, 2020, 12:20 AM #4Grand Member
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Re: Gov't steals from hoarder....??
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April 3rd, 2020, 12:30 AM #5Grand Member
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Re: Gov't steals from hoarder....??
I think most states have price gouging laws that kick in during states of emergencies and AFAIK they have been ruled constitutional. They have been on the books for decades so if we agree with them or not doesn't matter. I don't think it was against the law for him to have all he wanted in a warehouse. But it was illegal for him to sell it at an obscenely inflated price. If they would have found out he had it and taken his stuff without him gouging it would be another story.
He was arrested then his stuff was seized. That is different than your scenarios.
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April 3rd, 2020, 01:02 AM #6
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April 3rd, 2020, 01:08 AM #7
Re: Gov't steals from hoarder....??
The law states a formula that looks at prior number of weeks market price and allows a certain percentage increase. Over that and it triggers state action. Somehow this doesn’t seem to apply to ammo and guns. I think it is aimed at retailers. I forget the specifics to the formula but it was on the radio when I was in the work truck. AM radio.
The Gun is the Badge of a Free Man
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April 3rd, 2020, 01:46 AM #8
Re: Gov't steals from hoarder....??
Only gasolene wholesale companies are allowed to price gouge. They have stores in the ground they paid a low price for and wait for some "crisis" and then double or triple the price on that same store saying it's supply and demand yup, we have the supply so we demand you pay this price.
Corruption is the default behavior of government officials. JPC
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April 3rd, 2020, 02:09 AM #9
Re: Gov't steals from hoarder....??
We’re having a crisis now and gasoline is under 2 dollars a gallon.
The Gun is the Badge of a Free Man
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April 3rd, 2020, 03:11 AM #10
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