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Old 04-26-04, 07:50 AM   #1
SamDaBikinMan
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What is the biggest ripoff industry in history?

OK, this is a pretty lame topic but this morning it seemed the jewelry adverisers on the radio were out in force.

Jewelry is in my opinion the single most idiotic ripoff business there will ever be in the history of the world. Gemstones are assigned values so ridiculous it is insane. Not to mention that the labor used to retreive gemstones still resembles slavery ( especially the diamond industry ) in many cases.

I just cringe evry time I hear a DeBeers's diamond advertisement or any other jewelry marketer.

I do however have an apreciation for gemstones used by ancient civilizations for artistic works. But todays jewelry market is all about displacing you from your money for a fragment of a rock that realistically cost almost nothing to procure and cut and mount into a setting compared to what you will pay.

Second biggest ripoff industry has gotta be automobiles.
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Old 04-26-04, 07:55 AM   #2
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Big Rips:

Jewelry
Water (bottled, tied for first)
Furniture
Auto
Carpet/ other flooring

in that order.
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Old 04-26-04, 08:15 AM   #3
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Water! I almost forgot about bottled water. A dream come true for companies like Coca Cola, you pay as much for a bottle of Desani water as you do for coke. OMG!!!
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Old 04-26-04, 08:58 AM   #4
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The greeting card industry I feel is the biggest rip-off
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Old 04-26-04, 09:01 AM   #5
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Clothing the average markup is 300% most are 500 to 600%.
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Old 04-26-04, 09:07 AM   #6
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Clothing the average markup is 300% most are 500 to 600%.
I completely forgot about the clothing industry. I really hate seeing some trendy prick wearing faded jeans that are supposedly "in"
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Old 04-26-04, 09:35 AM   #7
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Insurance. "You're in good hands with Allstate" The only place they have their hands is in your pocket. Look in any city... Who owns the biggest buildings? Insurance companies.

'nuff said.
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Old 04-26-04, 10:15 AM   #8
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Cigarettes, branded prescription medication, motor vehicles, bicycles, computers!

The jewellery will hold it's value, will not give you health problems, don't pollute and as far as the once humble bike is concerned anything over €1000 is excessive for the ordinary Joe Soap cyclist!
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Old 04-26-04, 11:11 AM   #9
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Doctor. They cry poor as they take off in their Mercedes. Meanwhile you wait an hour to see the doctor 5 minutes and get charged $150.00
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Old 04-26-04, 11:25 AM   #10
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1. Pharmaceuticals (in the States only)
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Old 04-26-04, 11:29 AM   #11
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Doctor. They cry poor as they take off in their Mercedes. Meanwhile you wait an hour to see the doctor 5 minutes and get charged $150.00

We have a few doctors on the forum, I am sure we will hear the other side of the story. In this time and age, I personaly would not want to be a Dr.
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Old 04-26-04, 01:25 PM   #12
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Credit cards.
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Old 04-26-04, 02:50 PM   #13
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Quote:
Originally Posted by SamDaBikinMan
OK, this is a pretty lame topic but this morning it seemed the jewelry adverisers on the radio were out in force.

Jewelry is in my opinion the single most idiotic ripoff business there will ever be in the history of the world. Gemstones are assigned values so ridiculous it is insane. Not to mention that the labor used to retreive gemstones still resembles slavery ( especially the diamond industry ) in many cases.

I just cringe evry time I hear a DeBeers's diamond advertisement or any other jewelry marketer.

I do however have an apreciation for gemstones used by ancient civilizations for artistic works. But todays jewelry market is all about displacing you from your money for a fragment of a rock that realistically cost almost nothing to procure and cut and mount into a setting compared to what you will pay.

Second biggest ripoff industry has gotta be automobiles.
Hey Sam good point and check this out too:
http://www.iht.com/articles/516941.html
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Old 04-26-04, 04:07 PM   #14
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The cost of a music CD or software for your computer.
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Old 04-26-04, 04:37 PM   #15
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Toilet paper. . . It's a rip off EVERY time.
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Old 04-26-04, 04:41 PM   #16
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cars and car insurnace have to be the worst as far as i know

You buy a new car the minute you drive that damn thing off the lot it loses mad value ... i keep buyin used and i pay cash ... i dont need to be owin someone money every month and these hondas are so damn bulletproof i dont have to worry about reliability ... both that i have owned had over 100k when i purchased em and my 91 civic had 180k on it when i sold it.
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Old 04-26-04, 04:42 PM   #17
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Life Insurance, The only way you come out a winner is by dying young before you pay a fortune in premiums. The older you get, the less it costs the insurance companies when they pay out.
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Old 04-26-04, 04:47 PM   #18
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another thing thats bad is the music industry ... cd's should have dropped to under $10 by now they cost less than a cassette to produce.
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Old 04-26-04, 05:25 PM   #19
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Lawyers. Some of them would steal the copper pennies off an old dead man's eyes before the coffin was lowered into the grave.

Koffee
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Old 04-26-04, 09:42 PM   #20
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Banks
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Old 04-27-04, 12:00 AM   #21
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Biggest ripoff is vodka. $18 for 1ltr of ordinary grain vodka? In russia vodka used to cost 2ru/ltr!
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Old 04-27-04, 06:00 AM   #22
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1. Pharmaceuticals (in the States only)
I took my son to the doctor yesterday for his asthma. The doctor visit would have cost cost $150, the three prescriptions I had filled for him would have cost another $200. Ridiculous! In this case, I have to say thank goodness for his health insurance.
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Old 04-27-04, 06:23 AM   #23
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1. Pharmaceuticals (in the States only)
I take Claritin for my allergies.

When it was prescription it was about $3.00/pill.

When it went OTC Claritin dropped to about $.80/pill.

Now that you can get the same medicine as a generic it has dropped to about $.08/pill.

I realize that R&D needs to be compensated, but that is a huge difference.
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Old 04-27-04, 06:32 AM   #24
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Amusement parks. Namely, Cedar Point. Skiing industry, airlines, and gourmet coffee.
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Old 04-27-04, 07:01 AM   #25
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1-furniture
2-insurance

i wish to petition to take pharmaceuticals OFF this list. not only do they ADD value to your life, but their prices in the US are reflected by the laws and bylaws of the FDA. The dirtiest secret is the FDA's changing policies towards the late 80's that reduced the patent life of a drug from 18.5 years to under 11 years today. That means that the avg cost (now at $980 million) to bring a drug to market needs to be recouped in a much shorter time. Imagine if you had an invention, and after 11 years of pumping it up (marketing) you lost your right to exclusively market that product.. over and over again. The FDA is most prohibitive. We do use other countries as our guinea pigs (US is a very litigous society)>>>it sometimes takes 3-4 years to bring a drug to market in the US where it is already on the market in europe. (the patent life begins to tick from application, not from market)

hope you have a popular disease guys. because the financial incentive to invent a drug that will only benefit 20,000 is a $$ loser for any company.

3-lawyers. they make a game out of lawsuits. its a game that they can manipulate.
4- there is no doubt that poor craftsmanship from the automobile industry is responsible for more people staying poor.
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