Sales Tax impact on business…
Kerry Rice, Needham & Co Internet Analyst, just stated on business news that the impact of having to collect and pay sales tax on internet sales would impact Amazon’s bottom line. Amazon just fell by $40/share after market closing today. Assuming a 5% reduction in revenue would result in a 19% reduction in EPS (earnings per share). That brought a question to my mind. Most retail business in America is subjected to the requirement of collecting and remitting a sales tax to the states in which they do business. Business must bear the cost/expense to perform this collection for the state but is not reimbursed or compensated in any way. If they are one day late in filing their remittances, they are also subject to hefty fines. In light of that business cost,...
Does ranting help anything?
Caution: An angry post meant for The Storage Shed. It was difficult enough in the twentieth century to identify individual human rights, and what effect each had on ‘others.’ But, in the early part, populations could survive in townships of like-minded locals. When enough became bored with being a part of any productive work, they decided that management of assets was what America needed; and judgment-making and influence would eventually lead them to positions of power. That, in itself, started redistribution of human rights under the name of progress, aka Progressive Thinking. In a nutshell, now that power has globalized, the whole system is too complex to change one element overnight – except for the real possibility of the whole damn thing...
The Storage Shed – The Plan
I see it differently. When poor people had debt, rich people were “paper millionaires,” with liquidity at less than zero, the opportunity rose for the wealthy to write their own entitlement claim – and they did so in a big way. In their quest for even more power, they melded the wealthiest to buy Washington to control yet the Treasury. The quest for world dominance has been moving forward to decades. The twists and turns for them to gobble up some economies and excrete onto others has been phenomenal. The next steps will be most interesting, as they continue to divide and conquer, and use us like pawns playing on the weaknesses of our history. Open your eyes, my friends, you are being plated for dinner. ShareEmailFacebook
What is a Consumer Sucker?
I really don’t like the sound of that name, BUT more and more I see that is exactly what we have become. It’s sad. With inflation of commercial transportation and the price of food (and everything else) – we’re becoming aware that we have less to spend, if we still have a job. The only way I know to combat this trend from the home front, is to begin to say “No.” “No, I decide where I spend the money I have.” I refuse to fall for your advertising again, only to discover you did not disclose enough to be truly honest about what you were offering.” “No, I won’t buy a new one. You will repair the factory defect of the one I already bought.” If you want me to buy another washing machine, you will...
Why did the stock market fall?
If you have read any of my posts, you will know enough about me to understand my level of market and financial knowledge is not at a professional level. That’s why I’m so curious and hope others are willing to share a little. Are you also one of the millions wondering why the stock market fell over three days of trading? I’ve read many explanations of why, but I also really want to know how. Investors are fleeing the market due to lack of confidence in the market: Really? Suddenly all those investors just decided to do this at the same time? The rating downgrade by S&P scared the investors: The decline started before the rating announcement. The major thing I know from the news reports is that the value of the market fell approximately three...
What would I do if money …
Over the years, I’ve read stories about the wealthy and the suddenly new wealthy. There appears to be a big difference between those. A variation is, the difference in behavior between those with “old money” vs “new money.” I’ve often wondered how the abundance of money would change me, or my life – and asked myself, “If I did not have to worry about lack of money, what would I be doing today?” Also, “If I did not have to worry about the security of money I have, what would I be doing today?” Those are really two different questions. Since, at my age, the chance of becoming wealthy is zero, I need to be more practical with my efforts to concentrate on protecting what I have. Retirement funds trusted...
