Forum Post: Cap on profits a very bad idea?
Posted 11 years ago on April 23, 2012, 2:04 a.m. EST by Pequod
(17)
This content is user submitted and not an official statement
Sears is the ultimate middle man: makes nothing, sell a ton of different items fro clothes to tires and tools.
It's going bankrupt. I guess those unfettered profits were more fettered than we thought.
Retail is a very tough business. Margins are very very thin.
People aren't generally stupid, tho I must wonder sometimes.
Online shopping that cuts out the mid-man profit saves the purchaser heaps. It even saves 10 % GST here in Australia, because the gov couldn't be arsed monitoring and charging the GST for online purchases. Say goodbye to Kmart peoples.
Well some observers are stupid. Really stupid.
i see this is a response to the other forum post
He has been making the same argument for months you will never get through to him