UK To Ban the Resale of Tickets For Profit To Protect Fans (reuters.com) 116
Britain said on Wednesday it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their activities. From a report: Culture Secretary Lisa Nandy said touts were ripping off fans by using bots to snap up batches of tickets for coveted shows and reselling them at sky-high prices. "Our new proposals will shut down the touts' racket and make world-class music, comedy, theatre and sport affordable for everyone," she said, after the government had promised action.
Great idea in theory (Score:2)
In practice, scalpers will find workarounds
Some people actually believe the fiction that governments can effectively stop things by banning them
All laws do is raise the price and fine or imprison those too incompetent to find good workarounds
Re:Great idea in theory (Score:5, Informative)
In practice, scalpers will find workarounds
They always have. Back in my day (shit I'm getting old), it was illegal to sell tickets for more than the face value where I live, which stopped bulk purchases. You'd still find scalpers outside ball games and concerts trying to make a few bucks off tickets - and I have no problem with that model. It's the wholesale buying up of entire venues I don't like.
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I don't think it's a good idea, even in theory. What this proposal will ensure is that tickets are very hard to find.
Imagine Bad Bunny announces a show in your hometown. Tickets sell out in an hour. Now, if you want to go, you have to be watching the Ticketmaster web site like a hawk. A ticket will be listed for sale and immediately be snapped up by some other lucky fan. You've just traded one problem, high prices, with another, a lottery system. What makes you so confident this is better?
Here's a proposal
Re:Great idea in theory (Score:5, Interesting)
I don't think it's a good idea, even in theory. What this proposal will ensure is that tickets are very hard to find.
Imagine Bad Bunny announces a show in your hometown. Tickets sell out in an hour. Now, if you want to go, you have to be watching the Ticketmaster web site like a hawk. A ticket will be listed for sale and immediately be snapped up by some other lucky fan. You've just traded one problem, high prices, with another, a lottery system. What makes you so confident this is better?
Here's a proposal to think about: why is it an either-or? Ticketmaster could experiment with issuing ticket refunds and reselling tickets. They don't need legislation to do that. So we could run an experiment: let people resell tickets and have TM refund and rebuy them. Let's see which is more popular. We both know which will have more traffic.
Here's the thing. The observed value of the seats is far, far more than the original selling price (because that's what people are actually willing to pay). You could solve that problem by having more shows (yay!) or having artists and venues list tickets for their approximate fair market value. The question you ought to be asking is, why do neither of these happen?
If we want to see true equilibrium pricing with market forces, how about something like this?
The event is June 1.
January 1, tix go on sale from the original promoter for $1000 each, and you get to pick whatever seats you want.
February 1, the remaining tix go on sale for $500 each, and you get to pick whatever seats you want from what's left.
March 1, the remaining tix go on sale for $250 each, and you get to pick whatever seats you want from what's left.
April 1, the remaining tix go on sale for $100 each, and you get to pick whatever seats you want from what's left.
May 1, the remaining tix go on sale for $50 each, and you get to pick whatever seats you want from what's left.
May 31, the remaining tix go on sale for $10 each, and you get to pick whatever seats you want from what's left.
This is effectively a regressive-taxation system, so should be loved by many slashdot regulars.
Those for whom the event is a fun luxury they can easily afford due to their high wealth, can buy tix early and reserve their favorite seat location. They pay more according to their ability.
Scalpers have no incentive to scoop up tix for two reasons:
1) the initial retail price is so high that there's no margin to make in reselling.
2) Unless a single scalper can afford to buy up an entire 30,000 seat arena at $1000 each, there WILL be seats left and thus prices WILL continue come down in the future. In other words, prices rise because of competition in the demand side. With this time-decay price structure, scalpers aren't competing with other scalpers (and fans) for the resale margins, but you are forcing scalpers to compete against their future selves. The tickets their bots harvest today WILL depreciate in value. There's no longer any point to harvest-and-hold tix.
Additionally, this will allow every participant - artists, promoters, venues, fans, casual observers on slashdot - to finally learn exactly what the real market value is for a given event. There will be an obvious bell-distribution graph where the most ticket movement happened. Everyone will actually have to decide both what price point is worth it for them AND what risk level they can tolerate if they wait until the next price drop and that's also everyone else's price point. THAT price point where the big collective moves happen -- that's a great approximation of your true equilibrium price.
As a benefit, this makes the top-dollar events more reasonable AND makes the smaller events more lucrative to the promoters and artists.
1) Prestige mainstream events like Beyonce and Swift will still always sell 80% in the first couple months, and then the medium-tail trickle to the nosebleed sections in months 3 and 4.
2)
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If we want to see true equilibrium pricing with market forces, how about something like this?
The event is June 1.
January 1, tix go on sale from the original promoter for $1000 each, and you get to pick whatever seats you want.
February 1, the remaining tix go on sale for $500 each, and you get to pick whatever seats you want from what's left.
...pretty reasonable seeming system elided...
That seems like a quite reasonable thing. Here's the question though: what's stopping artists, venues, and promoters from doing that today? I think there's absolutely no barrier and if you could come up with this idea, I'm sure someone at Bill Graham Presents already did.
There's a concept called a Chesterson's Fence [fs.blog]. You're walking along (probably in New England) and find a stone fence. Before you remove it, it behooves you to ask "who put this fence here and why?" Perhaps the fence serves a useful purpose
Artists/venues leaving money on the table? (Score:1)
What I've never understood is why, if a scalper can sell a ticket for $1000, the venue sells that same ticket (to the scalper) for $100.
If the ticket is actually worth $1000, why wouldn't the venue sell it for that amount themselves?
Re: Artists/venues leaving money on the table? (Score:3)
They do, it's called surge pricing.
https://en.wikipedia.org/wiki/... [wikipedia.org]
Re: Artists/venues leaving money on the table? (Score:3)
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What I've never understood is why, if a scalper can sell a ticket for $1000, the venue sells that same ticket (to the scalper) for $100.
If the ticket is actually worth $1000, why wouldn't the venue sell it for that amount themselves?
A $1,000 ticket better come with a guaranteed blowjob from the artist. I don't care who the fuck it is, there is ZERO chance any ticket to a concert or performance of some kind is worth $!,000. I wouldn't even pay that for a three day event.
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I'd pay $1000 for a ticket, depending on what the ticket was too.
I am not gonna pay just to listen to someone sing, except MAYBE Sarah Brightman.
Having seen it, I would pay $1000 to see "O", as it was the best production I've ever been to. But I would probably not pay that much before having seen it. As it was, I paid about $300 each for our tickets.
I paid around $1000 for my wife to see Adele in Las Vegas, because she really wanted to go. She had a good time. I didn't double down on that by going with her
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>A $1,000 ticket better come with ...
I'd settle for the ticket coming with a signed album of their latest gold record, but only if the record was made of real gold and the gold content was worth at least $1000.
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A $1,000 ticket better come with a guaranteed blowjob from the artist.
Ozzy Osbourne will rise from the grave for you.
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Right, so it's the artists that enable scalpers, by underpricing their product.
Here is a reality for you. Even if "bots" were 100% eliminated and each and every ticket were "manually" purchased by someone, scalpers would still flourish.
Why?
Because demand will always exceed supply.
If I can buy two $100 tickets, knowing full well that some fool will pay $2000/each for them, of COURSE I'm going to pursue that opportunity!
And why is some fool going to pay $2000 each for those tickets? Because only 10,000 (or wh
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If the ticket is actually worth $1000, why wouldn't the venue sell it for that amount themselves?
That's a great question, one which should have good answers before enacting legislation. I can suggest a few.
First, reputation. Artists don't want to be seen as profit hungry bandits. If Beyonce sold seats at $1,000 for nosebleed seats, a lot of her fans would be alienated. She has plausible deniability if she retails them for a mere $500.
Second, risk. The venue doesn't want seats to go empty. If they underprice tickets, they guarantee themselves a predictable amount of income.
Third, buzz. If tickets origin
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If the ticket is actually worth $1000, why wouldn't the venue sell it for that amount themselves?
That's a great question, one which should have good answers before enacting legislation. I can suggest a few.
First, reputation. Artists don't want to be seen as profit hungry bandits. If Beyonce sold seats at $1,000 for nosebleed seats, a lot of her fans would be alienated. She has plausible deniability if she retails them for a mere $500.
Second, risk. The venue doesn't want seats to go empty. If they underprice tickets, they guarantee themselves a predictable amount of income.
Third, buzz. If tickets originally sold for $500 and now are going for $1,000, it must be a good show, right?
Fourth, who says the venue doesn't sell them for $1,000? I bought some tickets over the last year and Ticketmaster was happy to let me resell them on their site, for a cut of the action, of course. They make a ton of money if tickets change hands many times so it's somewhat in their interest to let party A buy the ticket for $100 then resell it for $1,000.
I guarantee you lots of smart people have run the numbers and know ticket pricing strategies which incorporate all these effects. I further guarantee they've thought about it a lot more than you and I combined.
Good points. They seem to run well with my just-came-up-with-it proposal for an auto-depreciating ticket market: https://news.slashdot.org/comm... [slashdot.org]
But especially to your second point, perhaps the best outcome of a price-decay system is for the venues. Because one of the problems with the current bot-scalping industry is that sometimes events "sell out" in terms of tickets, but actual attendance is below capacity. That means we have both inefficient allocation of resources and lost revenue from the alcohol/co
so ... (Score:4, Interesting)
Just some assurance that it will be "reasonable" basically Ticketmaster is protected, they get the fees from person A, then get to charge more fees to person B.
The correct title is UK proposes making sure Ticketmaster profits are protected in banning others from profiting off reselling tickets.
So long as you ignore the root problem... (Score:2)
Which is the bot-driven sales. Followed by commission sales agents enabling the process.
I may never see another major act in person. Just don't want to participate in the fraud.
Selling commemorative T-Shirt for Bon Jovi (Score:3)
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If the $ sign didn't give you away, the assumption that the law works like that did. The UK is not the US, the law doesn't allow you to get around the wording like that. Courts generally interpret the intention of the law, and look for ways for it to practically implement that intention.
Such obvious fraud would be, well, fraud.
Oasis was the final straw (Score:2)
All tickets were gone in minutes and put up at 10x prices later. Some people started joking that they'd have to remortgage their house to buy one.
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All that means is that the prices should have been set for at least 10x to begin with.
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No. It means that: ...or by random allocation. i.e. a ballot.
1. Bots should be effectively stopped.
2. Tickets should be distributed using either first-come-first-serve principle...
3.
Get off my lawn (Score:2)
This is advantage of getting old.
Anyone I’d be interested in are either retired or dead.
How to tackle the bots (Score:2)
I realize, it's a hard problem, but maybe a government can help in general with clamping down on bots, it seems they cause a lot of problems, not just in ticket markets.
Maybe governments could issue bot licences, then when they see an unlicensed bot, or a bot doing something outside the scope of its license they can at least try to remedy, either technical or legal (or military !)
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Sure, bot makers could just adjust for it, but at some point they would adjust the time taken by the bot by so much that they would absolutely lose that speed advantage bots have to humans, IMO leveling the playing field dramatically.
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I realize, it's a hard problem, but maybe a government can help in general with clamping down on bots,
I want to implement a BuyBot. Do I need a license for that?
The entitled crowd is the problem (Score:2)
Tickets should be sold in a reverse auction. The price starts high on the first day of sales and drops to basically the admin cost of the ticket when the concert starts.
But their are people who feel they should be entitled to have a chance to buy a good ticket for the price they want to pay even if it is less than what someone else would pay. This entitled attitude leads to perfor
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That's exactly it!
Entitled people who feel they should be able to get the ticket they want, at the price they want, regardless of what anyone else is willing to pay for it. That's the real problem, right there.
Ticketmaster (Score:2)
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I have always thought event tickets were high priced and avoided them.
I don't think I went to one until well into my 30s....possibly even my 40s, when I felt like I had "money to blow on stupid shit".
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you used to be able to go the box office and skip (Score:2)
you used to be able to go the box office and skip the fees
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you used to be able to go the box office and skip the fees
This is probably the biggest sign that the entire price scheme is distorted beyond all reality.
It is now customary to have an $8-$15 "processing fee" when all the processing is done by a smaller team of humans managing an automated system, whereas 40 we paid zero dollars in "processing fees" when there was actual processing being done by 20,000 actual human beings across the country who each got paid to sit at a desk all day and hand you tangible paper tickets.
Now that I think about it that way, on its curr
The UK has no ID cards (Score:2)
So it won't work anyway.
12 years olds unable to go to a Taylor Swift concert because they don't have a driving license would be rioting in the streets.
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So, this is about the UK, a country where ID is usually quite common since people do take vacation outside of their own.
In the netherlands, ID is necessary at 12 for public transport or health/hospitals, and are 'obliged' to carry one at 14. (of course, nobody *does*, but...)
The UK doesn't have such laws, but it's not that weird.
Cancelling my moderation (Score:2)
Because I moderate a comment up instead of down
Re: I'm so glad the government makes me safe. (Score:5, Insightful)
Can you explain how this is a bad thing?
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Re: I'm so glad the government makes me safe. (Score:5, Informative)
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The new law (according to the article) still allows the re-sale of tickets, but not for more than the original price.
Which is good as I occasionally organise group outings to a play or similar. People pay me the cost of their ticket. I do, sometimes, profit as some theatres will give (me) a free ticket if I buy more than 10 or so -- but that is not why I do it.
Re: I'm so glad the government makes me safe. (Score:4, Interesting)
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Dude, you know you're being disingenuous.
Are you a devout Capitalist that would prefer that there be no regulations on the market to protect people from other peoples predation?
Re: I'm so glad the government makes me safe. (Score:4, Insightful)
It was always, back then....illegal to scalp tickets, but they would do things like sell a Bic lighter for $200 and throw in a ticket free with it.
I imagine they'll do something similar to get around this law over there in EU.
Re: I'm so glad the government makes me safe. (Score:2)
If the courts grow a pair and say "it's obvious the lighter isn't your main product, the ticket is" - because it is/i indeed obvious - then this won't fly.
Re: I'm so glad the government makes me safe. (Score:2)
Re: I'm so glad the government makes me safe. (Score:2)
I was asking why banning ticket scalping is a bad thing.
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All it does is make it so that the ability to get a ticket shifts from having more money to he who gets there first, which isn't really a huge tradeoff.
The reality is that if the tickets are selling out that fast and they're being resold for significantly more than the original price, then they were underpriced to begin with.
Re: I'm so glad the government makes me safe. (Score:5, Informative)
The reality is that if the tickets are selling out that fast and they're being resold for significantly more than the original price, then they were underpriced to begin with.
Tickets sell out fast because scalpers use bots to buy them all.
Re: I'm so glad the government makes me safe. (Score:4, Interesting)
The reality is that if the tickets are selling out that fast and they're being resold for significantly more than the original price, then they were underpriced to begin with.
Tickets sell out fast because scalpers use bots to buy them all.
Which in a free market indicates that the price is below what the market would bear. Otherwise, they would be unable to make a profit by reselling them. So the GP is not wrong, at least from a pure price optimization perspective.
This is not to say that there aren't societal benefits from charging less than the market will bear, of course, nor saying that scalping in any way adds value. It is basically rent seeking behavior, which makes it a drain on society. But the point still remains that obviously the ticket vendors could raise the prices to what the scalpers were charging and still sell tickets. Whether the scalpers would then be able to raise their prices further is unknown.
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How do we know that the scalpers would not just continue, but raise their prices even more? It may seem a silly question to some, but IDK, it's the first one that stands out in response to the idea of just raising prices.
We don't, though the laws of supply and demand pretty much dictate that there must be some equilibrium point beyond which people buy fewer tickets and they end up losing money on non-refundable tickets.
Note that I'm not suggesting that raising prices is the right solution. It's a terrible solution.
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All it does is make it so that the ability to get a ticket shifts from having more money to he who gets there first, which isn't really a huge tradeoff.
It is if have less money. At least that way you have a chance.
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The market has a certain load it can bear in terms of how high it goes, but how is that the same thing as "this thing is underpriced?." Not to mention that it requires ignoring the role of scalper bots that can buy up supply faster than organic humans - even those intending on scalping (but doing so w/o bots) - can buy (especially if you factor in website crashes from the influx of bots).
ticket master scalps their own tickets (Score:3)
ticket master scalps their own tickets
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Some people see the government doing anything as inherently bad.
Re: I'm so glad the government makes me safe. (Score:2)
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Given that scalpers will no longer be able to sell their tickets online (as the police would notice) and will have to go back to selling them off street corners this will in fact do a lot to alleviate the problem
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I don't think most police in most places are going to care.
Hell, when my car was stolen, I couldn't even get them to show up. I had to file a report online. I of course never heard from the police.
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It's not something police will search out but they should be doing something if it's reported to them regardless of your anecdote.
Re: I'm so glad the government makes me safe. (Score:2)
"Freedom of contract" isn't holy you know. It is already "violated" by a lot of other provisions deaigned tomprotect those who are at a systematic disadvantage.
This has nothing to do with public ownership of the means of production a.k.a. socialism.
Re: I'm so glad the government makes me safe. (Score:2)
Apparently in our discussion "violation" is an unfortunate word, as you seem to associate that with something bad, undesirable. (As your word "excuse" hints at.)
A "violation" is not nexessarily bad;
but feel free to use "limitation" insteadin your head, if it's easier for you...
Anyway, to the point: it doesn't matter whether something "excuses" something else or not, as this isn't about "violation" being something bad. It's entirely about the concept od 'llimiting" the amount of power that an individual in a
Re: I'm so glad the government makes me safe. (Score:2)
One sided contracts are perfectly fine and morally defensible.
No they aren't.
Just don't sign it if you think it is one sided. However - duress is something completely different: a contract signed at gunpoint is of course not valid.
You're either being a troll or the most naive person I've ever met.
Why do.you think people sign work contracts for $7.25? Sign non-competes after separation without compensation? Sign training payback contacts? One-sided notice agreements?
I mean... Nobody's holding a gun to their heads, is there?
Do they do it of the goodness of their
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So what if you do? All that means is that the price was too low to begin with.
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Sales to events should be done only by the event organizers or venue. If you want to sell your ticket, you should get a refund. This is how it is done with almost all other tickets (planes, trains, etc). You can by all the seats between New York and London, and them sell them at a profit.
This is not, however, how most other products work. If I buy a car then decide I no longer want it, I'm not obligated to sell it back to the manufacturer, I just sell it to some guy down the street. Why would tickets be any different?
Of course there's a practical difference between a used car and an unused ticket but the principle should be the same.
I get it: people hate paying sky high resale prices to see Taylor. Banning resale doesn't change the fact that there are more people who want to see her at $100
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Revoke the corporate charters for LiveNation/Ticketmaster.
You can't stop a villainous supply chain by regulating the middle or the
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Obviously, he's a tout.
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It cuts the scalpers out of the transaction. Since Ticketmaster has become a first-party scalper, it simply hands them a monopoly on the practice.
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Scalpers only exist because primary sellers deliberately under-price and under-supply tickets (often because of pressure from artists, venues, or politicians who want to look like they’re "keeping prices affordable").
That artificial shortage creates a massive arbitrage opportunity. Scalpers are just people who noticed the gap between what the ticket is legally allowed to cost and what it’s actually worth to fans on the day. Banni
Re: I'm so glad the government makes me safe. (Score:2)
So people don't like scalpers because they inflate the price of tickets. So the solution you propose is to inflate the price of tickets.
I fail to see how the average concert goers benefits from this
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The average concert goer would be better off simply by finding something else to do.
If nobody bought tickets, prices would come down.
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Re: I'm so glad the government makes me safe. (Score:2)
What's hard to understand is how I, an average concert goer, benefit from ticket price inflation.
If you're going to tell me that this is a good thing, then you need to explain how I benefit from it.
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What's hard to understand is how I, an average concert goer, benefit from ticket price inflation.
Who said you did? Nobody is here to have a limited/coddled debate with you about only the points you'd like to discuss.
If you're going to tell me that this is a good thing, then you need to explain how I benefit from it.
You're having severe problems with reading comprehension if you think anyone ever said anything close to that. It might be the debate you want to have, but it's not the debate you are in. Don't be broke and you can afford to outbid others for the tickets you want.
Asking the government to help you is trying to use a sledgehammer to swat a fly. What's next, do you want to outlaw standing in
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underprice
What do you mean by this?
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Prevention of luxury products being sold for what people are willing to pay? It's obvious.
Freedom--
Tyranny++
Self inserted middleman must die! (Score:2)
Sure you can hate government but this is the wrong hill to die on.
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I bought tickets for the NFL game in Dublin, Ireland!
If I can manage to do it, so can everyone else.
And if you can't? It was not meant to be!
Re:I'm so glad the government makes me safe. (Score:5, Insightful)
Found the scalper.
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Scalper or troll, makes no difference. It's simply a new attempt at cornering a market. It robs value from the parties wishing to engage in transaction. An analogy would be if someone had bots that ordered all items in grocery stores that were the most popular, leaving only grape nuts, seitan, and sun dried tomatoes available for purchase directly, and listed those same items at 10x the price.
"Hey, buddy. You can live on grape nuts, seitan, and sun dried tomatoes, or you can grow your own. It's socialism to
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Next, consider that even if some folks resold their tickets, there was both a willing buyer and seller and neither needed the government's help. The fact that someone like you was standing off to the side wishing th
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Me either. The whole point of having money is to buy stuff.
The whole point of having more money than others is so that you can buy stuff that they can't.
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I think it's perfectly fine if someone resells their ticket. If the market will bear that cost/resell, then so be it. I go to concerts, sporting events, and other big events and have for decades in multiple large cities. I've NEVER had a problem. It's a false dichotomy to present the situation as if it's either the tender mercies of the government or everything will be scalped. Don't be a simpleton.
Your own sample of one does not preclude you from analysing other data points. If you did you would find this is actually a huge problem. Speaking of simpletons...
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https://www.cbc.ca/news/invest... [www.cbc.ca]
https://www.cbc.ca/news/canada... [www.cbc.ca]
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https://www.ftc.gov/news-event... [ftc.gov]
The more disturbing part is this seems to be news to you. You sure about the coma thing?
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Do you think it's right that only the wealth can afford a Ferrari?
Nevermind. You probably do.
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Do you think it's right that only the wealth can afford a Ferrari?
Do you know what a faulty comparison is? I'm guessing you don't.
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Luxury products, with more demand than supply.