Like many states, New York is in a serious financial crisis. The prior governor along with the New York legislature, had the brilliant (not) idea that if they raised all type of fees, the income would start pouring in and they could go on spending like young teenage boys in a house of ill-repute.
Someone in government decided to dramatically increase the cost of custom license plates. They must not have realized that New York residents were not forced to buy custom license plates (yet), and increased the costs to an exorbitant amount.
While the politicians think we are either dumb or follow like sheep, many of us are neither. So when I opened the vehicle registration renewal and saw that the DMV wanted two hundred dollars to register my vehicle, I chose to not keep the custom license plate.
So instead of New York State getting some additional money, now they will get none. It’s no wonder our state and country is in such a dire situation with so many geniuses running government.
Now let’s contrast that with the method a business would employ before increasing prices. Is the item being considered for the price increase selling well? Is it profitable? How does it compare with competitors? Is this a product the customer has to have? What other similar products complete for the customers dollars? Is the business interested in moving the product up or down market? What are the potential implications of both? Is the item a luxury or status item or is it a commodity?
While the above questions are just some of what a business would ask before making any pricing adjustments, it is apparent that those who create the laws and regulations either don’t care, don’t think about the ramifications or are not intelligent enough to do so.
This article was written by The Boss of HITman Services, a computer and IT company, based in Clifton Park and serving the Albany, Troy, Schenectady and Saratoga Counties of New York.
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