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matt's avatar

This is pure government overreach, the issue is pure demand and supply economics. If the artists want to see the profits of the high prices, they should just raise the initial prices, or auction them. If the artists want to keep prices affordable for fans, then they should ban reselling altogether (buyers show ID to prove they bought the ticket). If governments want to capture the tax revenue from higher prices, then make resold tickets subject to sales tax (or tax the resellers on the profits). It isn't hard.

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John Matthew IV's avatar

Let the market decide the price of tickets. The only reason tickets are sold at high prices is because people will buy at high prices.

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