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Post by southparkcpa on Aug 6, 2019 14:40:36 GMT -5
Are you blaming the hollowing out of the economy on say Amazon? While that is partly true, the current state of high taxation makes it near impossible to open a small retail shop, restaurant etc in the Nassau Suffolk area. Just curious your thoughts? There is a real reason we are seeing a decrease in small restaurants, deli's etc in Nassau and Suffolk and none of it is related to Amazon. If all of the empty retail space was filled taxes could drop because of all the additional revenue coming in. (Whether politicians would is another matter) Right now Amazon has a huge competitive advantage because they negotiate tax breaks before they open these huge distribution centers. They pay no property taxes in exchange for jobs. In effect they are unfairly handicapping two communities with their business practices. I dont have the answer but what is happening now isn't right. my point was more that the vacant stores were once blamed on shopping malls in the 60s, then Walmart and now Amazon. Target and Walmart are doing great so it’s not the real estate tax issue you mention. It is price, price, price and the small guy can’t compete. Why would taxes go up if the space was rented? The landlord is paying that tax AND as discussed all sales from Amazon and all national sellers is subject to sales tax. I can personally attest that most small mom and pops STEAL 10 to 20 percent off the top thus avoiding ALL taxes.
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Post by bxjetfan on Aug 6, 2019 14:41:53 GMT -5
If mom and pops could afford free delivery and prices were the same, you wouldnt support local merchants? The people that give your kids summer jobs, support shit like little league and pay payroll taxes? Sure you would. Amazon offers that precisely because they don't pay that other shit. I dont have kids, so some of that stuff i couldn't care less about. But sure, I guess i would consider it. I don't want to see Main Street sitting vacant and boarded up. But businesses come and go. My local main street, about 10 years ago the hardware store closed, couldn't compete with people going to Home Depot. It was replaced by a specialty restaurant, to my point of offering a unique service that I can't get online. Hopefully rising minimum wages doesn't drive those places out of business. I guess you could say its gentrification. But there is something to be said for being able to sit down and in one 15 minute session at home and order wasp spray, pool floats, food items and windshield wipers, pay one time, and even get money back with my Amazon Rewards CC Before Amazon and the internet they came and went. Now they just mostly go.
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Post by southparkcpa on Aug 6, 2019 14:43:44 GMT -5
Amazon employs almost 600,000 people and they have to pay payroll taxes for all of those people. Not to mention the people that have jobs indirectly because of Amazon like the increased volume at the USPS, UPS and FedEx. All the Amazon partners and sellers also make money because of Amazon. Then consider the Amazon cloud services and the business that have spun up supporting, developing and reselling AWS. Also consider Bezo's other businesses that were created only because he had the resources created by Amazon. They are an amazing business model. They use the laws and political favor that their company size allows. My grandparents owned a used book store in Stroudsburg PA back in the 70s and 80s. I still remember them complaining that there was a mall being built and how Walden books was going to put them out of business. They complained that the town had metered parking which made it harder for them to compete. Ultimately they closed because of failing health more than anything else. My point is that there will always be competition and the company that today seems to be a juggernaught could go away because of a new disrupting technology. The key is to adapt. Now go post that on your MySpace wall or use AOL IM to tell your friends about it. That's my point. All these local communities take it in the shorts. First they lose the payroll taxes, then they lose the additional sales taxes by that money not being recycled through the community again and again. Its just a nasty death spiral. Why is Walmart and Target thriving? The small shops are going away.... the world is changing. It’s that simple. The Post Office should go away....
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Post by Trades on Aug 6, 2019 14:44:49 GMT -5
Amazon employs almost 600,000 people and they have to pay payroll taxes for all of those people. Not to mention the people that have jobs indirectly because of Amazon like the increased volume at the USPS, UPS and FedEx. All the Amazon partners and sellers also make money because of Amazon. Then consider the Amazon cloud services and the business that have spun up supporting, developing and reselling AWS. Also consider Bezo's other businesses that were created only because he had the resources created by Amazon. They are an amazing business model. They use the laws and political favor that their company size allows. My grandparents owned a used book store in Stroudsburg PA back in the 70s and 80s. I still remember them complaining that there was a mall being built and how Walden books was going to put them out of business. They complained that the town had metered parking which made it harder for them to compete. Ultimately they closed because of failing health more than anything else. My point is that there will always be competition and the company that today seems to be a juggernaught could go away because of a new disrupting technology. The key is to adapt. Now go post that on your MySpace wall or use AOL IM to tell your friends about it. That's my point. All these local communities take it in the shorts. First they lose the payroll taxes, then they lose the additional sales taxes by that money not being recycled through the community again and again. Its just a nasty death spiral. Ever since the damn automobile was invented it is almost impossible for local farriers to remain in business. Things change.
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Post by bxjetfan on Aug 6, 2019 14:51:42 GMT -5
If all of the empty retail space was filled taxes could drop because of all the additional revenue coming in. (Whether politicians would is another matter) Right now Amazon has a huge competitive advantage because they negotiate tax breaks before they open these huge distribution centers. They pay no property taxes in exchange for jobs. In effect they are unfairly handicapping two communities with their business practices. I dont have the answer but what is happening now isn't right. my point was more that the vacant stores were once blamed on shopping malls in the 60s, then Walmart and now Amazon. Target and Walmart are doing great so it’s not the real estate tax issue you mention. It is price, price, price and the small guy can’t compete. Why would taxes go up if the space was rented? The landlord is paying that tax AND as discussed all sales from Amazon and all national sellers is subject to sales tax. I can personally attest that most small mom and pops STEAL 10 to 20 percent off the top thus avoiding ALL taxes. When the malls opened the jobs and payroll taxes stayed in the community. When Amazon opened up yeah the commercial taxes were paid but you lost all the taxes raised from the space being rented. (Payroll, plus all that income being taxed over and over as it was recycled in the community) Also, its just a matter of time before all those commercial properties are reappraised to lower their value kicking local communities in the balls again.
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Post by southparkcpa on Aug 6, 2019 14:52:32 GMT -5
That's my point. All these local communities take it in the shorts. First they lose the payroll taxes, then they lose the additional sales taxes by that money not being recycled through the community again and again. Its just a nasty death spiral. Ever since the damn automobile was invented it is almost impossible for local farriers to remain in business. Things change. I listen to Tedtalks in Spanish and there was a professor talking about UBER, car sharing industry etc. and thinking out 15 years. As we urbanize, and if UBER succeeds, he calculates that only people who drive more than 8000 miles annually will need a car and car production could drop by 20 percent. He talked about that affect on the auto industry, the repair industry, parking lot industry etc. Point being we can be Don Quixote and fight the windmill but the windmill will win.
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Post by southparkcpa on Aug 6, 2019 14:55:05 GMT -5
my point was more that the vacant stores were once blamed on shopping malls in the 60s, then Walmart and now Amazon. Target and Walmart are doing great so it’s not the real estate tax issue you mention. It is price, price, price and the small guy can’t compete. Why would taxes go up if the space was rented? The landlord is paying that tax AND as discussed all sales from Amazon and all national sellers is subject to sales tax. I can personally attest that most small mom and pops STEAL 10 to 20 percent off the top thus avoiding ALL taxes. When the malls opened the jobs and payroll taxes stayed in the community. When Amazon opened up yeah the commercial taxes were paid but you lost all the taxes raised from the space being rented. (Payroll, plus all that income being taxed over and over as it was recycled in the community) Also, its just a matter of time before all those commercial properties are reappraised to lower their value kicking local communities in the balls again. No.. it wasn’t lost. Those taxes grew. Amazon pays its people so much more than mom and pops ever could and they provide benefits. Those wages simply moved to more economic areas. That is capitalism. It’s very simple. Unemployment is at an all time low, entry level wage is at an all time high.
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Post by bxjetfan on Aug 6, 2019 14:58:17 GMT -5
That's my point. All these local communities take it in the shorts. First they lose the payroll taxes, then they lose the additional sales taxes by that money not being recycled through the community again and again. Its just a nasty death spiral. Why is Walmart and Target thriving? The small shops are going away.... the world is changing. It’s that simple. The Post Office should go away.... I don't have a problem with Target and Walmart. They have a physical presence in communities and contribute to the well being of local communities. How do you eliminate the post office? Rural towns should get their shit delivered too. I dont like to post office delivering shit below cost though. It's just another subsidy to these Internet giants.
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Post by bxjetfan on Aug 6, 2019 15:01:32 GMT -5
Ever since the damn automobile was invented it is almost impossible for local farriers to remain in business. Things change. I listen to Tedtalks in Spanish and there was a professor talking about UBER, car sharing industry etc. and thinking out 15 years. As we urbanize, and if UBER succeeds, he calculates that only people who drive more than 8000 miles annually will need a car and car production could drop by 20 percent. He talked about that affect on the auto industry, the repair industry, parking lot industry etc. Point being we can be Don Quixote and fight the windmill but the windmill will win. There are always unintended consequences when a new technology or product happens. It just seems to me that there's a problem right now and nobody is talking about it much less what we can do to fix it.
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Post by southparkcpa on Aug 6, 2019 15:03:21 GMT -5
Why is Walmart and Target thriving? The small shops are going away.... the world is changing. It’s that simple. The Post Office should go away.... I don't have a problem with Target and Walmart. They have a physical presence in communities and contribute to the well being of local communities. How do you eliminate the post office? Rural towns should get their shit delivered too. I dont like to post office delivering shit below cost though. It's just another subsidy to these Internet giants. My friend you are an idealist.... GO JETS!!!!! Contribute to local communities? You ever hear the JethronTull song Living in the past? 🤣 The times they are a changin..... Bob Dylan.
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Post by southparkcpa on Aug 6, 2019 15:05:16 GMT -5
I listen to Tedtalks in Spanish and there was a professor talking about UBER, car sharing industry etc. and thinking out 15 years. As we urbanize, and if UBER succeeds, he calculates that only people who drive more than 8000 miles annually will need a car and car production could drop by 20 percent. He talked about that affect on the auto industry, the repair industry, parking lot industry etc. Point being we can be Don Quixote and fight the windmill but the windmill will win. There are always unintended consequences when a new technology or product happens. It just seems to me that there's a problem right now and nobody is talking about it much less what we can do to fix it. Disagree.... it is NOT a problem. the consumer is getting the greatest value ever. You can have anything You want delivered by tomorrow, cheaply. So if some small shop owner goes away, that is life.
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Post by bxjetfan on Aug 6, 2019 15:26:22 GMT -5
There are always unintended consequences when a new technology or product happens. It just seems to me that there's a problem right now and nobody is talking about it much less what we can do to fix it. Disagree.... it is NOT a problem. the consumer is getting the greatest value ever. You can have anything You want delivered by tomorrow, cheaply. So if some small shop owner goes away, that is life. It's not just a mom and pop shop going out of business. It seems to me that it is slowly changing communities, and not for the better. I don't have the answer but I dont like where things are headed. It's an unlevel playing field.
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Post by BEAC0NJET on Aug 6, 2019 15:30:24 GMT -5
Ever since the damn automobile was invented it is almost impossible for local farriers to remain in business. Things change. I listen to Tedtalks in Spanish and there was a professor talking about UBER, car sharing industry etc. and thinking out 15 years. As we urbanize, and if UBER succeeds, he calculates that only people who drive more than 8000 miles annually will need a car and car production could drop by 20 percent. He talked about that affect on the auto industry, the repair industry, parking lot industry etc. Point being we can be Don Quixote and fight the windmill but the windmill will win. Uber's great. I work from home and in that future, I wouldnt need a car either, except maybe on weekends for projects. But then Uber to Home Depot and rent a truck. The windmill always wins.
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Post by BEAC0NJET on Aug 6, 2019 15:33:41 GMT -5
Why is Walmart and Target thriving? The small shops are going away.... the world is changing. It’s that simple. The Post Office should go away.... I don't have a problem with Target and Walmart. They have a physical presence in communities and contribute to the well being of local communities. How do you eliminate the post office? Rural towns should get their shit delivered too. I dont like to post office delivering shit below cost though. It's just another subsidy to these Internet giants. Amazon would have had a physical presence in NYC if it hadn't been for AOC and her cronies.
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Post by BEAC0NJET on Aug 6, 2019 15:37:54 GMT -5
Why is Walmart and Target thriving? The small shops are going away.... the world is changing. It’s that simple. The Post Office should go away.... How do you eliminate the post office? Rural towns should get their shit delivered too. Private shipping companies. UPS, FedEx, and others may pop up. They already do it better, faster, and if you got rid of the subsidized Post Office, probably cheaper when they compete. It would probably reduce the spam marketing shit you get in your mailbox as well. And people are more and more going to e-billing and the like to cut down mail. Save a tree.
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