Price Floors
I disagree as well with price floors. There are many flaws with price floors; One example is consumers don't buy as much of a product because of its higher costs, yet suppliers produce more of the product however because they are selling it for more money. This creates a surplus in supply. In my opinion price floor hurts society more then it helps. Price floors may help out a handfull of farmers and people being payed minimum wage, yet it only helps those people by hurting everyone else! I would only make exceptions for price floors on goods such as alcohol, if it was sold for more money then less people would be able to purchase it. Based on market equilibrium I would oppose the imposition of price floors on any goods or services in our market economy, It creates too much of a market surplus and causes society to loose money.
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