"The country’s largest retail industry group, the National Retail Federation, estimated in its latest report that losses from organized retail theft average $70

"The country’s largest retail industry group, the National Retail Federation, estimated in its latest report that losses from organized retail theft average $700,000 per $1 billion in sales — or 0.07% of total sales — an amount roughly 330 times lower than the CRA’s estimate." 0.07% is the estimate for "organized retail theft" which does not include "employee theft, regular shoplifting and fraud". How often did gangs of thieves break into the Walgreens to steal all the cosmetics? "The walgreen shut down." There was a restaurant near me, a local landmark. It closed down when the original owner retired, but was reopened by one of his relatives several months later. It lasted about a couple of months, then closed abruptly with hilarious signs on the door about the government stealing all the money---apparently the new operator hadn't realized that employment taxes were a thing. Was it the evil government that killed the restaurant, or the new operator's incompetence?