I've posted most of this a few times before, but it seems to hit home with some so I'll keep doing it. I don't loose any sleep over flippers, but I do think they are douchebags and this is why:
Guy#1: Goes to Walmart and happens to see 22LR even though he doesn't plan to shoot it. He buys all he can and lists it for 200% profit.
Guy#2: Goes to Walmart to get some 22LR to shoot with his son and miraculously finds just 3 boxes there. He buys all he can since he doesn't know when there will be more.
Guy#3: Goes to Walmart and there's no 22LR to shoot with his daughter. He goes to ODT and buys it from Guy #1.
Guy#3: Goes to Walmart again and happens to see 22LR. He buys all he can because he doesn't want to get screwed again even though it'll be years before he shoots these 1500 rounds.
Guy #1: Goes back to Walmart again, buys more 22LR, and creates more guys like #2 and #3.
It's a vicious cycle. The scarcity is false because if #1 didn't exist, #2 and #3 wouldn't have bought as much. This example is far from perfect, I know. Setting up a tax number and accounting for the sales like a business would make it less desirable, that's one reason why you're supposed to do it. One point of the tax system is to make being an ass less attractive.
Capitalism without regulation is a Laissez-faire economy. No thanks. I'm mostly Libertarian, so I get the whole "leave me alone, Government" idea. Some policies are around for a reason though. Flipping for profit alone is illegal. Sure, lots of people do it from time to time and nobody is ever going to jail for flipping 22LR. Once in a while is accepted, even encouraged, in society. Effing with the 22LR market for a year is different and makes you a douche in my book.
Guy#1: Goes to Walmart and happens to see 22LR even though he doesn't plan to shoot it. He buys all he can and lists it for 200% profit.
Guy#2: Goes to Walmart to get some 22LR to shoot with his son and miraculously finds just 3 boxes there. He buys all he can since he doesn't know when there will be more.
Guy#3: Goes to Walmart and there's no 22LR to shoot with his daughter. He goes to ODT and buys it from Guy #1.
Guy#3: Goes to Walmart again and happens to see 22LR. He buys all he can because he doesn't want to get screwed again even though it'll be years before he shoots these 1500 rounds.
Guy #1: Goes back to Walmart again, buys more 22LR, and creates more guys like #2 and #3.
It's a vicious cycle. The scarcity is false because if #1 didn't exist, #2 and #3 wouldn't have bought as much. This example is far from perfect, I know. Setting up a tax number and accounting for the sales like a business would make it less desirable, that's one reason why you're supposed to do it. One point of the tax system is to make being an ass less attractive.
Capitalism without regulation is a Laissez-faire economy. No thanks. I'm mostly Libertarian, so I get the whole "leave me alone, Government" idea. Some policies are around for a reason though. Flipping for profit alone is illegal. Sure, lots of people do it from time to time and nobody is ever going to jail for flipping 22LR. Once in a while is accepted, even encouraged, in society. Effing with the 22LR market for a year is different and makes you a douche in my book.