Trump vs Amazon - Striper Talk Striped Bass Fishing, Surfcasting, Boating

spence · 04-01-2018, 11:06 AM

This is another one of those areas where Trump gets pretty much everything wrong. USPS wrong, taxes wrong, small business wrong.

This is all about the WaPo and just trying to create another bogeyman to rile up the base.

DZ · 04-01-2018, 11:50 AM

I can see his point somewhat. I sell my book on Amazon. They won't collect state sales tax and forward to state coffers. The states have been harping on them for a while. Other online sites like Airbnb, Uber, etc, have redesigned their programs to collect all taxes and forward to states.

JohnR · 04-01-2018, 01:10 PM

Quote:

Originally Posted by DZ

I can see his point somewhat. I sell my book on Amazon. They won't collect state sales tax and forward to state coffers. The states have been harping on them for a while. Other online sites like Airbnb, Uber, etc, have redesigned their programs to collect all taxes and forward to states.

I have been paying state sales tax on Amazon for a while - RI requires it

wdmso · 04-01-2018, 01:14 PM

the Postal Regulatory Commission, which oversees the industry, has found that the US Postal Service makes a profit from its contract with the company.

Friends of Mr Trump in the commercial property sector have also been urging him to protect them from digital retail giants as they see shopping malls closing and rents falling,

It is unprecedented for a sitting president to single out one company for such vicious attacks,

http://www.bbc.com/news/world-us-canada-43606088

spence · 04-01-2018, 01:22 PM

Quote:

Originally Posted by JohnR

I have been paying state sales tax on Amazon for a while - RI requires it

Amazon collects state taxes on direct sales. For professional sellers they have a service where the seller can provide their state tax id and Amazon will apply proper state taxes as appropriate, but the seller has to sign up for it. This does make some sense, it's not Amazon's liability to ensure the state taxes are paid by a merchant they are simply a broker for.

I've read that about half of Amazon's purchases are not direct from the fulfillment centers but are through the marketplace. There could be a good argument here than Amazon is doing more to help small business gain a wider audience then they had previously. If anything put the hurt on local retail it's likely the big box stores in the 90's and 2000's.

And the USPS can't by law enter into a corporate agreement where they don't make a profit. Seems like all the shipping companies are using them these days to finish the delivery.

Not saying Amazon is perfect but it seems like POTUS is wrong on just about every facet of his argument. Why?

Oh yes, WaPo.

DZ · 04-02-2018, 07:27 AM

Quote:

Originally Posted by JohnR

I have been paying state sales tax on Amazon for a while - RI requires it

That is good to know. On my seller statements it never shows that the buyer is paying the state sales tax to Amazon. Maybe it's buried in the Amazon fees.

Jim in CT · 04-02-2018, 06:14 AM

Quote:

Originally Posted by spence

Trump gets pretty much everything wrong. .

How's your 401(k) compared to January 2017?

spence · 04-02-2018, 07:51 AM

Quote:

Originally Posted by Jim in CT

How's your 401(k) compared to January 2017?

Are you planning on cashing out?

Jim in CT · 04-02-2018, 09:07 AM

Quote:

Originally Posted by spence

Are you planning on cashing out?

No, but for damn sure I have stop loss orders on my top holdings...the correction is coming.

spence · 04-02-2018, 09:56 AM

Quote:

Originally Posted by Jim in CT

No, but for damn sure I have stop loss orders on my top holdings...the correction is coming.

So you're claiming the market gains the past 12 months are evidence of Trump's fiscal sophistication even though they're about to crash.

Good one.

Jim in CT · 04-02-2018, 10:40 AM

Quote:

Originally Posted by spence

So you're claiming the market gains the past 12 months are evidence of Trump's fiscal sophistication even though they're about to crash.

Good one.

See here's the difference between you and me. I ask you a question, you evade (you still haven't answered). You ask me a question, I respond directly. I can respond directly, because unlike some people, my opinions are a result of critical thinking, as opposed to blind, fanatical acceptance of one party's doctrine.

Many people, regardless of party, think a correction/recession is due. That is not necessarily a rejection of Trump's policies (though people like you will obviously spin it that way when it happens). Whoever won in 2016, was going to inherit an economy that was ripe for some pain. The tax overhaul instantly made companies more profitable, thus more valuable, thus perhaps postponing the correction.

It didn't matter whether Bernie Sanders won, or Ted Cruz, or someone in between. We are ripe for a correction. I would say the same exact thing, regardless of the party of the winner of the election. Your spin, depends entirely on the party of the POTUS, that tells you whether you give the POTUS credit or blame.

spence · 04-02-2018, 12:41 PM

Quote:

Originally Posted by Jim in CT

See here's the difference between you and me. I ask you a question, you evade (you still haven't answered). You ask me a question, I respond directly. I can respond directly, because unlike some people, my opinions are a result of critical thinking, as opposed to blind, fanatical acceptance of one party's doctrine.

Many people, regardless of party, think a correction/recession is due. That is not necessarily a rejection of Trump's policies (though people like you will obviously spin it that way when it happens). Whoever won in 2016, was going to inherit an economy that was ripe for some pain. The tax overhaul instantly made companies more profitable, thus more valuable, thus perhaps postponing the correction.

It didn't matter whether Bernie Sanders won, or Ted Cruz, or someone in between. We are ripe for a correction. I would say the same exact thing, regardless of the party of the winner of the election. Your spin, depends entirely on the party of the POTUS, that tells you whether you give the POTUS credit or blame.

It's a silly question. Unless I'm going to pull money out my 401k value is meaningless. Could be 1/2 what it is now when I retire.
Posted from my iPhone/Mobile device

Got Stripers · 04-02-2018, 07:36 PM

Quote:

Originally Posted by Jim in CT

How's your 401(k) compared to January 2017?

One more hit like today and my retirement keep in mind that's at a risk level of 3 out of 10), will soon be approaching the level it was the end of April 2017. Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves. Granted, some corrections had to happen, but an entire year of gains are about to go down the drain at this rate.

I pity the younger investors more heavily invested in the market.

Jim in CT · 04-03-2018, 08:31 AM

Quote:

Originally Posted by Got Stripers

One more hit like today and my retirement keep in mind that's at a risk level of 3 out of 10), will soon be approaching the level it was the end of April 2017. Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves. Granted, some corrections had to happen, but an entire year of gains are about to go down the drain at this rate.

I pity the younger investors more heavily invested in the market.

"Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves"

Fat chance. Nothing that goes wrong is ever his fault.

"I pity the younger investors more heavily invested in the market"

I'm 20 years away from retirement, if I'm lucky. It's pretty scary.