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Post by Trades on Aug 6, 2019 15:45:14 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. 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. Offer an Uber for "oversized" shopping for people that don't have trucks and you would already have a good business idea. Offer it with someone of decent strength who would also help you carry/move all that shit you bought and you could do even better.
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Post by BEAC0NJET on Aug 6, 2019 15:50:08 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.
I have friends that run small businesses, and I know at least one avoids taxes like a mo-fo through his business. The key to small business is do something that can't be replaced. Amazon can't fix my toilet, re-shingle my roof, etc. In 2019, being a small retailer is a losing proposition in large part.
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Post by BEAC0NJET on Aug 6, 2019 15:50:57 GMT -5
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. Offer an Uber for "oversized" shopping for people that don't have trucks and you would already have a good business idea. Offer it with someone of decent strength who would also help you carry/move all that shit you bought and you could do even better. Uber SuperXL lol
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Post by southparkcpa on Aug 6, 2019 15:52:37 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.
I have friends that run small businesses, and I know at least one avoids taxes like a mo-fo through his business. The key to small business is do something that can't be replaced. Amazon can't fix my toilet, re-shingle my roof, etc. In 2019, being a small retailer is a losing proposition in large part. As a CPA, licensed in NY and NC, I could tell you stories. 😱
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Post by Trades on Aug 6, 2019 15:56:17 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. I think payroll taxes are state and federal. I don't think any ever goes to the local community directly. As for no one talking about it I think everyone is talking about it. It is what the universal basic income that some of the Dems are pushing is about. There are tons of people that talk about what the future of AI and the singularity would do to our economy. The internet has created WAY more well paying jobs than Mom and Pops have ever created. Every time there is a disruptive technology people panic but things turn out well. Obama lamented the creation of ATM machines but there are more bank tellers AND people servicing, building and designing ATMs since the invention of the the ATM. Now that doesn't mean past results guarantee future performance but it can stand as a guide.
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Post by Trades on Aug 6, 2019 15:59:25 GMT -5
Offer an Uber for "oversized" shopping for people that don't have trucks and you would already have a good business idea. Offer it with someone of decent strength who would also help you carry/move all that shit you bought and you could do even better. Uber SuperXL lol With the size of the people I see UberXL could be used just for hauling fat asses to Walmart (until Amazon puts Walmart out of business). Have a special jazzy carrier on the vehicle. media2.giphy.com/media/l0HlDL2jQciCmLQY0/giphy.gif
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Post by BEAC0NJET on Aug 6, 2019 16:00:38 GMT -5
Another example. I play darts. A very popular game in Europe, not so much in the US. When I need dart supplies, there are no local brick and mortars. It makes no financial sense for someone to pay rent with small demand.
I can order from US suppliers with an online presence, or order from Europe, where they are much bigger, and thus cheaper. Unless shipping costs due to weight are an issue, I almost always order from Europe, if time is not an issue. Call me a bad American, but money's money.
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Post by BEAC0NJET on Aug 6, 2019 16:04:40 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. I think payroll taxes are state and federal. I don't think any ever goes to the local community directly. As for no one talking about it I think everyone is talking about it. It is what the universal basic income that some of the Dems are pushing is about. There are tons of people that talk about what the future of AI and the singularity would do to our economy. The internet has created WAY more well paying jobs than Mom and Pops have ever created. Every time there is a disruptive technology people panic but things turn out well. Obama lamented the creation of ATM machines but there are more bank tellers AND people servicing, building and designing ATMs since the invention of the the ATM. Now that doesn't mean past results guarantee future performance but it can stand as a guide. Theres hundreds of similar examples throughout history. There's always churn and some people on the losing end with every technological jump. Someone's going to need to repair and service the kiosks at McDonalds that seem inevitable in the near future. The UBI concept is an interesting one. Some economists that I respect are in favor of it, in theory. And it does, I suppose, potentially provide some sort of safety net from that churn of technology.
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Post by bxjetfan on Aug 6, 2019 16:05:01 GMT -5
Amazon reported a net income of 11.2 Billion, paid zero in Federal taxes and got a rebate of 126 million last year. I bet all those mom and pops would've collected federal income tax and forwarded it to the government. Free shipping isn't free. We're all paying for it to an extent.
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Post by Trades on Aug 6, 2019 16:14:20 GMT -5
Another example. I play darts. A very popular game in Europe, not so much in the US. When I need dart supplies, there are no local brick and mortars. It makes no financial sense for someone to pay rent with small demand. I can order from US suppliers with an online presence, or order from Europe, where they are much bigger, and thus cheaper. Unless shipping costs due to weight are an issue, I almost always order from Europe, if time is not an issue. Call me a bad American, but money's money. When I was in high school our auto shop class took us to the Ford Escort plant in Edison, NJ to show how cars are made. It was actually a very interesting trip but they really pushed the buy American philosophy during the tour. At the end the tour guide asked if we had any questions and our teacher said, "You have been telling these kids to buy American all day now but I noticed your cars are made from parts from all over the world" and he listed some of the parts and countries he noticed. The tour guide said something along the lines that they go to different countries for part to make the cars more affordable for the consumer. The teacher replied, "Then shouldn't we also shop from companies around the world if we can get something cheaper?" That pretty much ended the tour.
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Post by Trades on Aug 6, 2019 16:15:56 GMT -5
Amazon reported a net income of 11.2 Billion, paid zero in Federal taxes and got a rebate of 126 million last year. I bet all those mom and pops would've collected federal income tax and forwarded it to the government. Free shipping isn't free. We're all paying for it to an extent. That is a different story. Fix the tax code.
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Post by bxjetfan on Aug 6, 2019 16:17:02 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.
I have friends that run small businesses, and I know at least one avoids taxes like a mo-fo through his business. The key to small business is do something that can't be replaced. Amazon can't fix my toilet, re-shingle my roof, etc. In 2019, being a small retailer is a losing proposition in large part. Who's the bigger thief? If the little guy gets caught he pays restitution and penalties and probably goes to jail. Amazon's thievery is legal. www.usatoday.com/story/money/2019/02/15/amazon-pays-no-2018-federal-income-tax-report-says/2886639002/
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Post by southparkcpa on Aug 6, 2019 16:24:05 GMT -5
I have friends that run small businesses, and I know at least one avoids taxes like a mo-fo through his business. The key to small business is do something that can't be replaced. Amazon can't fix my toilet, re-shingle my roof, etc. In 2019, being a small retailer is a losing proposition in large part. Who's the bigger thief? If the little guy gets caught he pays restitution and penalties and probably goes to jail. Amazon's thievery is legal. www.usatoday.com/story/money/2019/02/15/amazon-pays-no-2018-federal-income-tax-report-says/2886639002/Utilizing Net Operating Loss Carry Forwards as do many Americans who lost money. Amazon will pay tax eventually. the article points out that they pay huge state and international taxes. They provide good jobs to millions of Americans who if mom and pops survived, would employ many young Americans off the books. The bigger thief? Our government.
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Post by Deleted on Aug 6, 2019 17:14:35 GMT -5
Utilizing Net Operating Loss Carry Forwards as do many Americans who lost money. Amazon will pay tax eventually. the article points out that they pay huge state and international taxes. They provide good jobs to millions of Americans who if mom and pops survived, would employ many young Americans off the books. The bigger thief? Our government. That same govt who makes this type of private ownership possible. Protection and freedoms are not and will never be free.
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Post by southparkcpa on Aug 6, 2019 17:29:59 GMT -5
Utilizing Net Operating Loss Carry Forwards as do many Americans who lost money. Amazon will pay tax eventually. the article points out that they pay huge state and international taxes. They provide good jobs to millions of Americans who if mom and pops survived, would employ many young Americans off the books. The bigger thief? Our government. That same govt who makes this type of private ownership possible. Protection and freedoms are not and will never be free. Private ownership existed LONG before any government. Your liberal left beliefs have no boundaries.
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