Will the post-plague world be a better place for rich people?
A year ago I went to Disney World with a rich friend (post). He paid up $8,000 for two days of a VIP guide who enabled us to cut the lines. It still wasn’t that nice, however, due to the Times Square-ish crowds everywhere when we weren’t on a ride. I proposed the idea of a “crowd hater day” at each park each week where the ticket price would be 2X so that there would be some breathing room.
Every aspect of our Disney experience was ideal for spreading coronavirus. Even with the VIP guide we were jammed into crowds periodically. Dining was a mob scene. Shopping was mobbed.
I wonder if the parks will reopen with a capacity set by the tyrannical government at some level that seems unlikely to set off the next epidemic. If so, the most logical method for rationing the remaining tickets will be price. And Disney will have to raise the prices to get a similar level of revenue (since their overall expenses will be similar). So the parks will actually become a lot nicer for anyone who can afford $300/person for a ticket.
How about restaurants? If they have to cut capacity to 25 or 50 percent, as some of the reopened ones in various states are being ordered to do, again it seems as though though they’ll have to raise prices. So rich people will experience a negligible (to them) price penalty and a huge bonus in terms of peace and quiet for conversation, reduced waiting times for a table, etc. (Coincidentally, just as this post went live, a former student posted to Facebook a picture of herself eating wagyu steak in a Taipei restaurant’s private room. Their party of 4 was nicely spread out at a table that, in former times, would have easily held 8-12. As with most MIT students, she was born with an off-the-charts intellectual ability and then she has worked hard for 20 years. (She’s not “white” nor does she identify as “male” so you can’t say this is due to “white male privilege”!))
Getting to Disney? I am dreaming that airlines won’t ever be able to sell the middle seats anymore! As long as they bump prices by 50 percent, though, they can still have the same revenue with somewhat richer customers. Spirit prices are essentially $0 from the perspective of a rich American. It shouldn’t be a problem to pay 1.5 * $0.
Readers: What do you think? If everything has to be de-crowded and prices consequently raised, isn’t that actually a good thing from the perspective of the richest 5-10 percent of Americans?
Related:
- the unfortunate flip side… “Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.” (nytimes): Experts say that for the first time since 1998, global poverty will increase. At least a half a billion people could slip into destitution by the end of the year.