Thursday, June 21, 2018

The Market, Energy, And Political Page, T+21 -- June 21, 2018

From The WSJ -- a screenshot:

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Another Win For Trump

Near the end of this story:
The Trump administration had urged the Supreme Court to side with South Dakota. And the Supreme Court. Supported Trump. Again.
It's a huge banner over at Drudge -- that this deals a blow to the "Amazon Empire." I think most folks ordering from Amazon have long gotten over the issue of paying taxes. After all, Amazon subscribers are overwhelmingly willing to pay $119/year for "free" shipping. LOL. And if they don't want to pay the $119, they still get free shipping -- it just takes a few days longer for the product to ship.

I don't think there are any losers in this case. Amazon shoppers won't mind (they saw this coming years ago); local retailers are happy; and, the states are really, really happy.

This would be a great time for states to increase their state sales tax but find a mechanism in which to reward shoppers who shop local.  Sort of like the "airport fee" that businesswomen and businessmen are charged for renting a car at the airport. And the exorbitant hotel/motel tax that states and cities charge out-of-towners.