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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump vs. Amazon: Let's set the record straight
by Chris Isidore @CNNTech
March 29, 2018: 11:18 AM ET
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The president on Thursday tweeted three misleading statements: 1) Amazon pays "little or no taxes to state & local governments," 2) Amazon's relationship with the US Post Office causes "tremendous loss" to the United States and 3) Amazon is "putting many thousands of retailers out of business." Stock in Amazon (AMZN), the fourth most valuable company in the world, fell 3% Thursday morning.
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But Trump's criticism of Amazon is not based in fact.
Link to tweet
1. Taxes
Amazon collects and pays sales tax in every state that charges one, and that's virtually every state.
-snip-
2. Postal Service
Amazon pays the post office to deliver packages to customers' doors.
Because Amazon ships so many packages though the post office, it pays a lower rate than most customers. But Amazon doesn't get a special rate it pays the rate that the post office charges other bulk shippers.
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3. Retail
Strong currents are pushing traditional stores to the brink.
It is clearly true that consumers' shift to e-commerce companies like Amazon has forced many traditional retailers to close stores. But other megastores like Walmart (WMT) share much of the blame for that.
Amazon says that it actually helps small companies succeed in the difficult retail climate. For example, it allows small businesses to sell their products to a mass audience when they otherwise wouldn't be able to achieve global scale.
full article:
http://money.cnn.com/2018/03/29/technology/trump-tweets-about-amazon-taxes/index.html
rzemanfl
(29,540 posts)blake2012
(1,294 posts)He goes to Mara Lago and trades tips on how to best effect stock market on specific sectors or specific companies.
Hopefully independent watchdogs can evaluate trade patterns and catch these fucking worms.
blake2012
(1,294 posts)TreasonousBastard
(43,049 posts)but now market forces and technology have met to make it even easier. We have overbuilt malls and chain stores and downtown retailers often can't compete with their parking problems and limited selections.
Trump's listening to his builder buddies who see malls going broke, but the simple truth is that we don't need a Dress Barn every five miles.
Fullduplexxx
(7,818 posts)patricia92243
(12,590 posts)for Amazon on Saturdays and Sundays and provides several part-time positions.
leftstreet
(36,078 posts)Price: $30.00
Sale: $19.95 Free Shipping for Prime Members & FREE Returns
You Save: $10.05 (34%)
Get $70 off instantly: Pay $0.00 upon approval for the Amazon Prime Rewards Visa Card.
Fit: As expected (87%)
Color: Yellow Blonde
https://www.amazon.com/Hisilli-Hilarious-Donald-Trump-Yellow-Blonde/dp/B074XHQ2XZ/ref=sr_1_8?ie=UTF8&qid=1522338717&sr=8-8&keywords=trump+hair
Not bad!
hedda_foil
(16,368 posts)democratisphere
(17,235 posts)Anxiously awaiting his forced departure!
Trust Buster
(7,299 posts)Find deliveries to certain areas of the country profitable. This coming from a creep who brags about avoiding taxes as a good thing. A con man and nothing else.
Wellstone ruled
(34,661 posts)Fed Ex is a major donor to the GOP Crime operation.
BTW,the Letter-carriers love the last mile delivery for Amazon. Job Security. The Short Timers love the Overtime on the Weekends.
C_U_L8R
(44,892 posts)Yo_Mama_Been_Loggin
(107,085 posts)Which makes his fake criticisms rather hypocritical.