The $30 Hot Dog Guy Is a Capitalist Hero
A libertarian icon in the making. Too bad NYC is run by socialist entitlement hounds and busybodies who have now deprived him of his liberty to make a living. He should move to Texas and start a Bible based ministry or perhaps a Christian school. He could be a major wheel in the Republican Party in no time. Probably have to change his name though.
I’m shocked by one aspect of the story of the guy selling $30 hot dogs to tourists near the World Trade Center — shocked that he was fired. Who knew hot-dog men could be fired? (Looks like his boss knew——SK)
As for that other detail — selling a hot dog for considerably “more than it’s worth,” so what? Apple makes a huge profit on every device it sells. Does anyone think Apple is guilty of “price gouging”? Moreover, a hot dog is guaranteed not to shatter when it falls on the sidewalk, and I’ve never had to reboot my sauerkraut. No hot dog has ever been rendered obsolete by a new model that has a slightly thinner bun.
Hot-dog guy Ahmed Mohammed — let’s be accurate and call him Hot Dog Hero — was simply exercising his right to sell stuff in the marketplace for whatever he can get for it. Why begrudge him a large markup if he took advantage of the fact that some people are stupid? Taking advantage of stupidity is an important driver of the economic engine. Without taking advantage of stupid people, how would haute-couture designers sell a couple yards of shiny fabric for $2,000? Without taking advantage of stupid people, how would the New York State Lottery rake in $3 billion in profit? Without taking advantage of stupid people, how would the Franklin Mint have sold off millions of dollars worth of plastic copies of Jackie Onassis’ plastic pearls? If the stupidity were ever wrung out of the system, our economy would be the size of Bangladesh’s.