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house Bill H.R. 7160

Should ‘Grinch Bots’ Be Illegal?

Argument in favor

By helping resellers buy hot commodities such as in-demand toys and shoes before customers can buy them, so-called “grinch bots” help resellers make it impossible for customers to buy in-demand items at retail prices. This forces customers to bay resellers’ exorbitant prices, squeezing middle-class customers and families.

George's Opinion
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12/24/2018
At some point we need to make a stand against algorithmic driven transactions, be it online retail or stock markets. I have no issue with real people trying to speculate using their own time, but algorithms will soon drive everything and our ability to make decisions will become very limited.
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12/24/2018
Thanks to the availability of research data, the magnitude of this annual problem is finally visible to the average consumer. If there is anything that We the People should have a voice in, scams like this are top of the list. The free market is not “free” when it is manipulated by market participants to advance their own selfish interests over the fair market value of products.
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Linda's Opinion
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12/23/2018
It is pretty much doing the exact same thing that ticket scalpers do. They buy up all the tickets for the good seats and resell them for exorbitant prices either online or in the parking lot of the arena. End result? The people who actually want to see the show get screwed. These grinch bots are doing the same thing. Basically the little people are getting screwed.
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Argument opposed

Resellers are the modern equivalent of commodities speculators, purchasing items at volume under the assumption that they’re undervalued or will become more valuable in future. Such people play a vital role in the economy, helping stabilize prices over time. There’s no need to crack down on reselling or bot usage as practices.

SneakyPete's Opinion
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12/24/2018
NO WAY, MY FRENDS, NO WAY........ Resellers are the modern equivalent of commodities speculators, purchasing items at volume under the assumption that they’re undervalued or will become more valuable in future. Such people play a vital role in the economy, helping stabilize prices over time. There’s no need to crack down on reselling or bot usage as practices. SneakyPete...... 📦📦📦📦. 12*24*18.....
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DEGUp's Opinion
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12/24/2018
Sounds like a problem between consumers and companies. Government should stay out of it.
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TuckerWantsLiberty's Opinion
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12/24/2018
It's not immoral to buy low and sell high, so long as the exchanges are all voluntary. If there's room for a bot to do that in between what a retailer is seeking and what a consumer is paying, then the retailer wasn't pricing close enough to consumer demand. It means less value reserved for the consumer, which stinks if you're the consumer, but no right of yours has been violated.
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    At some point we need to make a stand against algorithmic driven transactions, be it online retail or stock markets. I have no issue with real people trying to speculate using their own time, but algorithms will soon drive everything and our ability to make decisions will become very limited.
    Like (83)
    Follow
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    NO WAY, MY FRENDS, NO WAY........ Resellers are the modern equivalent of commodities speculators, purchasing items at volume under the assumption that they’re undervalued or will become more valuable in future. Such people play a vital role in the economy, helping stabilize prices over time. There’s no need to crack down on reselling or bot usage as practices. SneakyPete...... 📦📦📦📦. 12*24*18.....
    Like (18)
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    Thanks to the availability of research data, the magnitude of this annual problem is finally visible to the average consumer. If there is anything that We the People should have a voice in, scams like this are top of the list. The free market is not “free” when it is manipulated by market participants to advance their own selfish interests over the fair market value of products.
    Like (49)
    Follow
    Share
    It is pretty much doing the exact same thing that ticket scalpers do. They buy up all the tickets for the good seats and resell them for exorbitant prices either online or in the parking lot of the arena. End result? The people who actually want to see the show get screwed. These grinch bots are doing the same thing. Basically the little people are getting screwed.
    Like (32)
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    The scammers and resellers shouldn’t make more money than a person who originally sells a product they created.
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    Some things are more important than the almighty dollar. If you think screwing average Americans is acceptable in order to make a buck you may have sociopathic tendencies. Apparently today it has become necessary to regulate these things so the ever growing number of narcissists do not use the increased abilities of technology to abuse the rest of us. Find the morals that make us human and stop this abuse as well as the egregious abuses that our corrupt government is now inflicting on the most vulnerable.
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    I’m sick and tired of people saying the government should stay out of it, that the free market will take care of everything, that people should purchase a different item, etc. I’m all for a market oriented economy but the idea that a free market will solve everything is nonsense. The market is not a perfect mechanism because it involves people and people are far from perfect. People all too often don’t act rationally and a free market, to work perfectly, depends upon people acting rationally. The idea that an item is underpriced and these people are speculating is nonsense. What these people are doing are scooping up a limited supply that is already priced fairly and at market value and artificially limiting the supply to drive up the price well above its real value. The idea that the government has no place is utterly without logical foundation. The government can be a market force that balances the scale back to where it should be by preventing parties from unfairly throwing things out of balance and proacting instead of reacting when it’s too late to properly act. However, I’m well aware of government overreach and that the government can over react. However, this is a case that something should be done in order to make sure the system doesn’t go out of whack.
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    Sounds like a problem between consumers and companies. Government should stay out of it.
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    I don't necessarily see anything wrong with speculation. If someone buys a toy in July they think might be a hit in December, they're betting on the market the same way investors in any other product do. But I do think bots should be taken out of the equation. Websites have security measures for a reason and any entity that can bypass them shouldn't be allowed to do so.
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    It's not immoral to buy low and sell high, so long as the exchanges are all voluntary. If there's room for a bot to do that in between what a retailer is seeking and what a consumer is paying, then the retailer wasn't pricing close enough to consumer demand. It means less value reserved for the consumer, which stinks if you're the consumer, but no right of yours has been violated.
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    Voting no on this allows an unsustainable, crooked, parasitic version of capitalism to continue. Simple. Vote yes for the good of people and to the detriment of the oligarchs and kleptocrats who control this country.
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    Scalpers reselling hot new items ruin shopping for many people and do nothing good for anyone but themselves.
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    Shut the creeps down!
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    Making money honestly is supposed to be the American way. Corruption throughout the political and economic arenas is a hallmark of third-world countries and erodes trust, which is actually bad for GDP.
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    You do realize that Congress was established for the benefit of the people. Not as some branch of corporate legislative protection. The Constitution begins We the people, not “we the corporations... “ Maybe you should focus on the immediate needs of the people, like those currently NOT GETTING PAID BECAUSE YOU ALL CANNOT FUND THE GOVERNMENT EFFECTIVELY OR EFFICIENTLY.
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    Algorithmic transactions allow advantage to those who own or control systems that do it. Another cause of inequality that we can’t fight or defeat individually. Quite frankly, I’m getting tired of algorithms controlling everything.
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    Algorithmic transactions need to be regulated
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    We need this, plus comprehensive privacy policy please.
    Like (7)
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    I support any law that undermines cyber criminals.
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    Retail competition is normal getting in the way of interstate commerce is bad for the economy and everything else
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