Texas Attorney General Ken Paxton is upset about “price gouging” during hurricane Harvey. Some stores raised prices to $99 for a case of bottled water—$5 for a gallon of gas. “These are things you can’t do in Texas,” he says. “There are significant penalties if you price gouge in a crisis like this.”
There sure are: $20,000 per “gouge”—$200,000 if the “victim” is a senior citizen.
Texas, a state that I thought understood capitalism, punishes people who practice it.
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