IBN reports that the Karnataka government “is mulling a limit or maximum cap of Rs 120 to be charged on movie tickets in multiplexes.” This is intended to make movies more affordable for regular moviegoers, thus increasing viewership and helping the film industry as well. These are laudable objectives. Who could argue with making movies more affordable for the poor?
In fact, I would argue that the Karnataka government has not gone far enough. Why restrict this benevolence to movies?
I hereby propose that the prices of cars be capped at Rs 80,000. This will help the poor.
Also, the prices of meals at restaurants should be capped at Rs 30. This will help the poor.
While we’re at it, airline tickets should be capped at Rs 300. Why should only the privileged rich be allowed to fly?
Please don’t tell me you object to any of these wonderful ideas. There is no argument against these that don’t also apply to multiplex tickets. Don’t you agree?
(Link via Madhu Menon.)
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On a serious note, here’s a piece by me on price controls: The Price is Right.