Comments on: Woman Sentenced For Felony Retail Theft, Possessing Device To Avoid Detection

By: Bob

Bob — Mon, 31 Jul 2023 04:07:35 +0000

@Molino Man

I’m explaining why it is stupid to blame high prices on shoplifting or simple supply and demand is stupid.

By: Molino Man

Molino Man — Sun, 30 Jul 2023 12:56:12 +0000

@Bob
Do you own your own business, work for a company, or unemployed? It takes money to operate a business to bring goods and services to market. Yes the utilities are a monopoly but today we have options. Solar panels are available to disconnect from the power company, install on well pump for water. With food you have a variety of options. Different grocery stores or plant a garden. Are you suggesting price controls?

By: Bob

Bob — Sat, 29 Jul 2023 03:40:40 +0000

@Molino Man

You’re right! If we lived in a magical world where no one needed to buy resources like food, shelter, or water, then the supply/demand graph would work.

However, we live in a world with market manipulation, captive consumers, and monopolies. That makes things a little more complicated than Microeconomics 101.

By: Molino Man

Molino Man — Fri, 28 Jul 2023 21:37:02 +0000

We finally figured it out. Corporate greed and shoplifting doesn’t raise prices. It’s demand! Something only worth what someone is willing to pay. Basic economics.

By: Bob

Bob — Fri, 28 Jul 2023 19:53:21 +0000

and @Bewildered

Relevant username?

Businesses exist to make money. They charge the maximum amount they think customers will be willing to pay.

Let’s say I make a product. It costs $1 to make, and I think the most people will pay for it is $5. If someone steals my product, it might raise my costs to produce my product to $1.20 or $1.30, but I’m not going to charge more than the maximum people will pay, even if it cuts into my profits.

Retail theft doesn’t make prices increase. The nature of basic economics demands prices increase.

By: Bob

Bob — Fri, 28 Jul 2023 19:45:05 +0000

@Niknak50

Walmart estimates that they lose $3 billion to retail theft every year.

Walmart’s reported gross profits over the last year was just under $150 billion.

Companies aren’t raising prices because of retail theft. They’re raising prices because, in a capitalist society, they have an obligation to maximize profits for their shareholders. It’s that simple.

By: Niknak50

Niknak50 — Fri, 28 Jul 2023 13:29:25 +0000

@Bob
Corporate greed does exist, but whether you are a large retailer or a small business goods going out the door unpaid for effect the bottom line. All businesses operate on a profit margin and theft erodes that margin. So tell me, how does a business recover those losses?

By: Bewildered

Bewildered — Fri, 28 Jul 2023 12:58:04 +0000

Bob: regarding high prices aren’t caused by shoplifting!! They darn sure contribute a lot to it. Companies are not absorbing the losses – the consumers are. Anytime somebody gets something for free, the price for the paying customers goes up! Nothing is free – that’s just simple logic

By: Confused

Confused — Fri, 28 Jul 2023 07:24:02 +0000

Probation! Wow! Sounds like a career criminal to me! I guess receiving only probation makes it worth it to her to continue to steal! God only knows how much she’s already gotten away with! Judicial stinks!

By: Esc co Leo

Esc co Leo — Fri, 28 Jul 2023 03:56:59 +0000

She got probation because at the end of the day, it’s just a property crime. And the trend right now in this country is not to incarcerate for property crimes.

I wish it wasn’t, but that’s how it is.