Price gouging during times of emergency
Hello Rabbi,
I recently heard that there are yacht owners who offer to transport people from Israel to Cyprus and vice versa at exorbitant prices. Do you think there is anything immoral in such conduct?
Best regards,
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When there is no price increase as a result of high demand, it creates a situation where there is no supply at all even for those who really, really need it. Those who just want to travel take the place of those who have to go for surgery. When there is control over the prices of eggs and milk even during emergency hours, there are simply no eggs and milk in supermarkets for those who arrive a little late.
There is no contradiction. The question was about the owner of the yacht and you are talking about government regulation.
I explain that even in a yacht there is a moral consideration to raise prices privately because of the low supply and high demand. If I raise prices I allow those who really care to go out with the yacht
That's really not your job. Take the market price and give priority to those in need.
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