Pay What It Costs

I have developed a “Pay What It Costs” philosophy as a reaction to the cultural sales-mania that induces people to buy things they don’t need. At times I’ve found myself conflicted by this philosophy, because the world seems to reward those those that seek out the best deals. My counter-argument was always that one just spends time and energy instead of money. But discounted and variable pricing are staples of a free market — perhaps, I realize, my philosophy was based on defense.

This proposal is for a rejection of my longstanding “Pay What It Costs” philosophy. As a publicly traded person, I am entrusted with other people’s money. Should I take my stewardship of those funds as a obligation to maximize returns? A yes vote will support a new, cost-effective attitude and an adoption of the adage that “a penny saved is a penny earned.” There is no “true” price because the value of everything, even the dollar we use to measure value, is variable.

A no vote reinforces the concept that items have an inherent cost and bargaining and sales and pricing tricks are no way for a modern day enterprise to conduct business. It’s a rejection of loss-leaders, coupon-clipping, and loyalty programs and a principled stand against the tomfoolery of modern day commerce that is best summed up as “Pay What It Costs.”

I look forward to your collective decision.

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6 Responses to Pay What It Costs

  1. Jae says:

    Can you modify your proposal to include your stance in situations where the business itself might figure into the decision to “pay what it costs.” For instance, if we vote “Yes,” would this necessarily imply that you would purchase a book off of Amazon instead of Powell’s, for instance, because of the assured savings?

  2. Gene says:

    You should stick to the question format, this title makes it unclear what a Yes or No vote means.

  3. Mike Merrill says:

    Gene: Good point, I tried to explain that in the body, but I think you are right.

  4. Mike Merrill says:

    Jae: I’m best with extremes, so it would mean I would choose Amazon in this case. Unless I needed it quickly, in which case I would choose Powell’s. (Sidenote: Why is Amazon so much cheaper?)

  5. Azure says:

    This is a terrible idea!
    Just today I was thinking about how awesome it is that you hate Groupon so much.

  6. Azure says:

    Amazon is cheaper because robots don’t need health care.