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> Amazon was also able to make money selling products at little or no markup by taking advantage of the float. Amazon's margin for a long time was rorting the
by rodgerd 7y ago
> Amazon was also able to make money selling products at little or no markup by taking advantage of the float.
Amazon's margin for a long time was rorting the tax system, something they enjoyed via federal regulatory capture. Their competitors were paying state and local taxes. They weren't.
- B1FF_PSUVM 7y ago(Dict, for convenience - that's a good word, mate ;-) rort - verb - AUSTRALIAN/NZ gerund or present participle: rorting engage in sharp practice. - [...] - work (a system) to obtain the greatest benefit while remaining within the letter of the law.
- Nasrudith 7y agoIf there was regulatory capture it surely couldn't have been provided by them given they didn't exist yet. They were doing exactly what the tax system was designed to do - promote investment no trickery involved. One can legitimately argue that the system sucked or could have been done better but it is not exploitation in the sense of a glitch any more than handling moving by selling your furniture, mailing your small items, and then buying new stuff insread of renting a van since depreciation losses would be less than moving expenses. Catalog precedent was what they used for taxes and even a large company using it to sell everything enmasse wasn't new either - Sears Catalog.
- WalterBright 7y agoA friend of mine after moving several times discovered it was cheaper to just throw away all the furniture (i.e. give it ot Goodwill) and buy new at the new place than ship it.