This is ridiculous. Amazon has prevented people from going to church and restrained their salaries? No. This guy is all over the map.
And I’ll assume, when he says “destroyed” those companies, that he means in terms of stock price performance. That would be true, but clearly that’s not been caused entirely (or at all) by Amazon.
Sears, JC Penny and Kmart were killed by Walmart and Sam’s Club and to a lesser extent Costco. Walmart’s stock is at a 52 week high and coming off one of their best quarters in recent memory.
There’s still plenty of competition for Amazon including the aforementioned Walmart, Target, Costco, Best Buy, Sam’s, Wayfair, etc... all billion dollar entities. So Amazon isn’t a monopoly. (yet) But I hate government interference in business. Don’t like Amazon, do what they do only better? Why punish them for being successful and developing a novel business model that no one else thought of or implemented as well? Which brings me to my next point.
Taxes. Walmart is incredibly profitable and has been for decades. Amazon only recently became profitable. They’re a young company with (I’ll imagine) a boatload of NOL’s to carryforward and use. This isn’t Amazon’s fault. It’s like the crap they leveled at Trump during the election. Don’t like the tax laws? Elect people that will change them. But don’t bitch when taxpayers take advantage of the laws as written. I do taxes for a living and would be fired if I suggested a course of action for the company to my boss that didn’t result in the least amount of taxes the company would pay. What company would do that? What idiot would recommend it?
Amazon is big because they are good. Not because they are evil. Sometimes we’re a bit too paranoid.
Thank you! And when did Free Republic become anti free market free trade DU? YAAAA I don’t agree with their politics so YAAAAA they should be busted up YAAAAA Good little gestapo goons.
For folks that stand by their self righteous conservatism while pumping up the anti capitalist rhetoric and big government intervention is sickening
We are paying for their reduced rate shipping for Amazon because they get a huge cut in using the postal service. I object to them being treated preferential
Why does one company get away with being unprofitable for so long while driving profitable companiesoutof business?
Does the politics controlling who has the most bank and the unfair advantage with the Post Office dictate who wins?
Amazon makes me think of Mitt Romeny’s line on crony capitalism in his debate with Obama about the government picking the winners. (he of course went on to reference Solyndra and picking the losers too)
The internet companies have driven other companies out of business and put many Americans out of work.
They broke all the laws in the brokerage industry, like know your client, because they had the political clout to do so, buying off the politicians.
This has resulted in monopolies and barriers to entry there.