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Forum Post: Cap on profits a very bad idea?

Posted 2 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.

3 Comments

3 Comments


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[-] 3 points by Builder (4202) 2 years ago

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.

[-] 1 points by Pequod (17) 2 years ago

Well some observers are stupid. Really stupid.

[-] 1 points by DanielBarton (1345) 2 years ago

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