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I have offered to be bumped when it wasn't important to be at my destination at a specific time. Once someone is seated in a seat, he should not be forced out of his seat. This actually did happen to me once. Two of us had the same seat assignment. I was offered a first class ticket on a plane leaving in less than two hours later & I took it. No one should be dragged off the plane as that passenger was on United.
Do I think fares will go up? Probably. They go up anyway. If you go to the theater, buy a ticket & sit in your seat, do you think that you should be pulled out of your seat/ No, neither should you on a plane, no matter how low a fare that you found or how late you purchased your ticket. It should all have been settled before boarding.