Pricing linked to income level

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

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I am not following what you are even suggesting.

Do you want legislation saying that a pair of Levi's will cost $X if you make $YY,000 annually and $Z if you make $BBB,000 annually?

BirdinHand said:

I am not following what you are even suggesting.

Do you want legislation saying that a pair of Levi's will cost $X if you make $YY,000 annually and $Z if you make $BBB,000 annually?

Click to expand...

He is suggesting the opposite - to prevent costs from depending on your income.

Unfortunately, we OP points out, it already happens all the time as anyone dealing with college tuition government help knows.

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

Click to expand...

In the Marxist Soviet Union it was the wealthy nomenklatura - the party elite - who paid the lowest prices in the shops established for their exclusive use.

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

Click to expand...

WTF?

Clearly this post does not speak to the real world. Anyone can ask any price for any good. You want change that?

Ever hear of price fixing?

Marxist pricing? Just ****in wow!

Sweden said:

In the Marxist Soviet Union it was the wealthy nomenklatura - the party elite - who paid the lowest prices in the shops established for their exclusive use.

Click to expand...

It's the same here.

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

Click to expand...

The end game where everyone pays according to their ability could occur under two circumstances:

1. Salaries are set to the same regardless of job position or skill level, or

2. Price of goods and services isn't in dollar amounts, but rather a percentage of income.

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

Click to expand...

RobertU:

Marxists don't allow either free markets or differential pricing. This one is completely on capitalists try to squeeze more profits out of the market place. The Marxists have nothing to do with this. When a well-dressed woman of means walks into a store do you think the vendor sighs and says to themselves, "Oh great, here's another discount shopper!"? No. The vendor thinks payday!

I see differential pricing wherever I go in gasoline prices, food prices, clothing prices, etc. This is all down to greed-based capitalism.

Cheers and be well.
Evilroddy.

RobertU said:

In Finland, speeding fines are based on how much income you make. But even in the US, your level of income may determine how much you pay for certain goods and services, such as the discounts given for low-income housing, medical care and, in some jurisdictions, discounts on utility bills.

One could see how such “Marxist” pricing could become more pervasive, particularly on internet purchases. Conceivably, if you had a history of purchasing luxury goods or even browsing on high-end retail sites, a logarithm might determine you are an affluent buyer and automatically set a higher price on goods that other people would pay less for.

Should we have legislation to preemptively ban such a practice or are you okay with the concept that rich people should pay more for products?

Click to expand...

I don't see how it's Marxist to have different pricing on the free market. It's well known that many places offer a volume discount in pricing, for example, and there are always things like coupons and sales that give better pricing to those who follow such things. Before all the modern interventions in the health care market, doctors would charge patients differently based on their ability to pay, with many doctors giving free health care to those who were too poor to afford it. Even today, health care is charged very differently based on factors like whether you have insurance, medicare or are paying cash. Car insurance rates are affected by things like age, sex and credit score. There's all kinds of examples of differential pricing for the same product or service. It only becomes a "Marxist" issue if the government forces that pricing.