Ticket Scalping – A Great Idea
Readers of Show-Me Daily already know that ticket scalping is a good thing. Here is an article in the Post-Dispatch about Gov. Blunt’s proposal to make it legal:
Current state law prohibits individual ticket holders, as well as teams, from reselling their tickets at more than the face value.
California-based Ticketmaster has been pushing for the repeal of ticket scalping laws nationwide so that unused tickets can be sold over the Internet.
Our economy would be completely shut down if everything had to be sold at its “face value.” Imagine what would happen if retail clothing stores couldn’t mark up T-shirts to cover the costs of transportation and rent, or if your valuable antiques had to be sold for the $3 your grandmother once paid for them. In those examples, the number that was once stuck on a product is no longer the market-clearing price. T-shirts and antiques are readily available because their prices are allowed to change. Consumers would benefit if ticket prices could change, too.