Originally posted by saps
I can only see ethical or moral issues rising in the case of commodities in a monopolistic environment. If someone wants to buy a $1000.00 pizza, and they feel that that is worth it, it's really no one elses place to determine what that pizza is worth that to that individual. There is no ethical or moral dilemma there. And if the market will bear $1000.00 pizzas, then that's the market value of the pizza. Anyone's decision to judge those buying that pizza is simply exercising his or her subjective opinion based upon personal preference and economic feasibility of making such a purchase. There are no ethical or moral issues here, but some may construe it as a symptom of such.
that's where you and I differ. Just because someone is willing to pay an egregiously overinflated price just because they can afford it, doesn't make it right.
"Anyone's decision to judge those buying that pizza is simply exercising his or her subjective opinion based upon personal preference and economic feasibility of making such a purchase."
Look, I was initially under the presumption that the pizza was not worth (because of its ingredients) $1000. With caviar as an ingredient, certainly the market value on the pizza could near $1000 with the right kind of caviar.
When speaking of buying for $1000 a pizza that is worth $100, that's completely false. personal economic feasability has nothing to do with it. Neither does personal preference. Apparently you didn't really read my above responses.
" it's really no one elses place to determine what that pizza is worth that to that individual. "
No one is determining the worth to that person. What is being discussed is what it's worth to society as a whole. Just because the person WANTS to waste his money (on anything that is egregiously overpriced), and has the right to waste his money, doesn't mean it's moral or ethical to do so.
WANTS and RIGHTS are not the same concepts as MORALS and ETHICS.
I just want to be clear, that I'/m not against someone spending $1000 for ANYTHING as long as the anything is actually worth $1000. A Caviar topped pizza could weigh in at $1000. Great. Eat, enjoy.
The original ingredients we were told was lobster and creme fraiche, which clearly couldn't possibly reach the value of $1000 on a 9" pizza.
I believe scalping is unethical. I have lots of facts regarding business practices and such to back my beliefs up. There are laws in states that agree with that belief. If you sell something for $1000 that is worth 10-20% of that value, it is equivlant to scalping. And it's wrong.
If the pizza has enough caviar to warrant a $1000 price tag, I have absolutely no objections.