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The real issue is that all value created by the likes of Dollar General leaves the community. If the owner of the store is in the community, those dollars will
by blendergeek 5y ago
The real issue is that all value created by the likes of Dollar General leaves the community. If the owner of the store is in the community, those dollars will more likely be spent withing the community. The increased tax value on the owner's home will be in the community. With Dollar General, all of that leaves.
Nobody in a Dolllar General is making much more than the proprietors of the old local store were making. Yet, their prices are cheaper. Why? Because Dollar General is taking a cut.
This may seem better to the local community at first (lower prices means more money in their pockets) yet this money is leaving the community forever. With the local grocery store, money flowed in circles, now Dollar General is extracting what value is in the community until the community dies.
- toast0 5y agoThe margin may have flowed in circles, but grocery margins are low, so most of the money leaves the community anyway. A community needs a way to import money, not just a way to export less. That could be a locally owned store, but only if it's attractive enough to get clients outside of its community.