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re: Trump DOJ goes after Amazon--Mnunchin says Amazon has "destroyed the retail industry"
Posted on 7/25/19 at 12:17 pm to I B Freeman
Posted on 7/25/19 at 12:17 pm to I B Freeman
Days like today make it apparent that I am overexposed to FANG crap in my 401K.
Posted on 7/25/19 at 12:32 pm to I B Freeman
quote:
Mnuchin is just wrong when he says Amazon has hurt retail.
Amazon is the next evolution in business. It's just the way it is and will be going forward. That is why Walmart is starting home deliver and other companies will follow.
I think I saw yesterday that GNC is closing 900 stores and all of them are in malls. Things evolve and there isn't much you can do about it.
The same as cab companies fighting Uber and in 50 years Uber will shite a brick when we have driverless cars.
Posted on 7/25/19 at 2:00 pm to MrLarson
quote:Yes and no.
Amazon is the next evolution in business. It's just the way it is and will be going forward.
Amazon has been advantaged by government tax policy. (A) It avoided state sales tax for years, and (B) It avoids paying any corporate tax. Obviously our tax law needs a tweak.
Posted on 7/25/19 at 2:32 pm to Hangover Haven
Big wallets beat good looks every time after the women get past a certain age.
Posted on 7/25/19 at 2:32 pm to beaverfever
quote:
I don’t like businesses that intentionally avoid turning a profit in order to hurt their competition way down the line. It’s particularly bothersome when they’re using profit in one industry to fund losses in another to have an unfair advantage. It’s very anticompetitive.
Soooooo, you don't like pretty much every tech company? You realize that's a self-fixing issue if we didn't have such losers running the Fed, right? Our executive branch should do nothing about their dumbassery.
Posted on 7/25/19 at 2:34 pm to TigerCoon
There is nothing right about the power of government to go after private business for political purposes.
Posted on 7/25/19 at 2:48 pm to Smeg
USPS delivers Amazon (only) on Sunday.
Posted on 7/25/19 at 2:56 pm to Eli Goldfinger
I heard an interview with the UPS chairman after their earnings announcement yesterday and he says they are going to start Sunday deliveries too. They had a good quarter.
Competition is a wonderful thing.
Competition is a wonderful thing.
This post was edited on 7/25/19 at 8:45 pm
Posted on 7/25/19 at 2:56 pm to 225bred
quote:
& his wife’s a smokeshow, so there’s that.

Posted on 7/25/19 at 8:43 pm to MrLarson
quote:
Amazon is the next evolution in business. It's just the way it is and will be going forward. That is why Walmart is starting home deliver and other companies will follow.
This is true and the way the world works
The issue is in rural areas between Amazon and the proliferation of a DG on every corner so many local businesses are shutting down which are the only source for needed commodities such as gasoline.
I have passed through uncountable small communities where once the DG opened the local gas station/ convenience store closed down forcing people to drive 30+ miles for many items that either DG does not stock or you cant wait 3 days on Amazon for.
Saving $5 on the pliers you want from Amazon feels great but the local hardware store can no longer stock screws to sell at $0.07 each, everything is a trade off somewhere.
This is not even getting into the loss of local tax revenue which pays for the infrastructure that Amazon, DG, WalMart etc require to operate.
I dont want FedGov wading into this but it definitely is not a good thing for the local communities or the nation driving more and more people to the large urban centers.
Posted on 7/25/19 at 8:48 pm to cave canem
quote:
not a good thing for the local communities or the nation driving more and more people to the large urban centers.
That is BS.
It makes living in rural areas EASIER. E-commerce makes inventory available to my family that the entirety of every store in our community did not have. I do not know a single store that has closed here because of Amazon. When Wal Mart came years ago they shut down some stores but not Amazon. Between DG expanding into rural areas and the advent of Amazon and other online retailers life is much easier in rural areas. Now if they can deliver health care and dental care!!
This post was edited on 7/25/19 at 9:00 pm
Posted on 7/25/19 at 9:04 pm to I B Freeman
if I B Freeman is against something, then its a 100% certainty its good for america and americans
Posted on 7/25/19 at 9:11 pm to I B Freeman
quote:
When Wal Mart came
Then you are not in a rural small community dipshit, do you even think before you comment?
Posted on 7/25/19 at 9:13 pm to cave canem
you dumb arse---Which of these Wal Mart towns are "urban" areas to you---McComb, Hazelhurst, Amite, Brookhaven, on and on.
Posted on 7/25/19 at 9:21 pm to I B Freeman
quote:
you dumb arse---Which of these Wal Mart towns are "urban" areas to you---McComb, Hazelhurst, Amite, Brookhaven, on and on.
good lord you are ignorant of all facts.
Urban areas are defined as 1,000+ per square mile of population density, McComb is the first I looked up and it is 1,100 per.
I am not wasting any more time on your nonsensical drivel.
Posted on 7/25/19 at 9:41 pm to cave canem
Let me get this straight you are saying first that e-commerce has not made life easier in rural areas and then you contend any community with a Walmart is an urban area and is not rural and you want to comment on the intelligence of other posters??
Posted on 7/25/19 at 9:45 pm to I B Freeman
quote:
Let me get this straight you are saying first that e-commerce has not made life easier in rural areas and then you contend any community with a Walmart is an urban area and is not rural and you want to comment on the intelligence of other posters??
No, I am saying you are an idiot and you argument is with Merriam-Webster and the US Census Bureau not me.
Posted on 7/26/19 at 1:06 am to I B Freeman
Amazon is also gutting the trucking industry now. They have too many hands in everything and need to be broken up fast.
Posted on 7/26/19 at 1:15 am to I B Freeman
quote:
heard an interview with the UPS chairman after their earnings announcement yesterday and he says they are going to start Sunday deliveries too. They had a good quarter.
Competition is a wonderful thing.
I welcome this.
Just another win over Christianity/conservatives. Love exposing the fakes.
This post was edited on 7/26/19 at 1:17 am
Posted on 7/26/19 at 2:47 am to I B Freeman
quote:
This is the furthest thing from the truth. Amazon did hurt entrenched big boxes to the BENEFIT of small entrepreneurs and manufacturers excluded from the shelves of Wal Mart, Target, Home Depot, Etc.
Amazon has been great for small manufacturing companies across America. Mnuchin is just wrong when he says Amazon has hurt retail.
This is why you're a pseudo-intellectual hack 99% of the time. You think any symptom that's often a sign of market progress isn't just markets at work, but it is ALWAYS a result of honest free market participants, and on top of that it's somehow sacrosanct. You think because prices are lowered in one area, it can't have been achieved in spite of market forces, and then you somehow conflate that one aspect as evidence of nothing but markets in action. You might as well think your wife getting pregnant from the mailman is proof you gave her an orgasm and the child is yours, even though you've been in a sexless marriage for years. It's the same kind of delusion.
You think China giving us cheap junk, even when it undermines countless market forces to do so, is somehow advancing markets. Your defense of Amazon is in the same vein. If they are delivering us cheaper products by cheating with anti-competitive practices, then they need to be looked in to. It doesn't matter if the gave your Chinese finger trap shelf space when Target and Wal-Mart wouldn't. That isn't evidence of anything.
This post was edited on 7/26/19 at 2:52 am
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