Business, Economics, and Taxes: Capitalism. Yay? >=(

[Kepler]

This may actually be peak capitalism.

But I'm going to put up a poll for what rich is to you.

[FadeToBlack&Gold]

This may actually be peak capitalism.

But I'm going to put up a poll for what rich is to you.

Will someone please think of the parents who might have to skip date night at the new Alain Ducasse restaurant this month to be able to afford Montessori for little Brantley? It's just so hard. *sniff*

[ScoobyDoo]

This may actually be peak capitalism.

But I'm going to put up a poll for what rich is to you.

I agree with this tweet.

I live in NYC. We have a mortgage on our lovely home, our kids go to preschool & camp, we go on a few vacations a year, we have a car, we save for retirement, we have savings, we shop at Whole Foods. We have extra spending money. We make nowhere near $400,000. This is nonsense.

https://twitter.com/TWLadyGrey/statu...58375081644034

Anyone who says 400K for a family of 4 isn't wealthy is drunk, high, and more American Stupid.

[Handyman]

My fave:

"Lmao imagine thinking 400,000 isn’t wealthy? Bruh you can afford a penthouse in SoHo. What a ridiculous tweet."

another good one:

"my dude the median income for a household in NYC is less than $64,000."

Oh and:

[Kepler]

Reminder: still not too late to vote in the poll.

[Kepler]

Probably less funny than it seems.

[aparch]

Reminder: still not too late to vote in the poll.

https://vm.tiktok.com/ZMdVyYkxe/

[Kepler]

Save the US economy with this one weird trick.

[RaceBoarder]

Save the US economy with this one weird trick.

The problem is that it takes effort, and as we have all accepted, most Americans want do put forth the least effort possible.

I've seen this actively in reference to fishing gear actually. I invest a significant amount in gear. But I'll also pay, on average, 20-30% less than MSRP on these products. In order to do so, I have a quiver of about 8-9 small and mid-size websites I order from. All do have physical storefronts as well in their respective locations. My baseline for MSRP is Bass Pro, Cabela's, the official product websites. I end up researching products for an hour or two before making a purchase. I've also spend a lot of time just window shopping, so I'll know the going rates on things off the top of my head. When there is a good deal to be had, I'll strike without much hesitation. These sites all have their own recurring sales, so timing of this is kinda known (Tackle Warehouse runs significant sales during the Holidays. Tackle Supply Depot likes Memorial Day and July 4th for example). I'll also use coupon code acquisition apps like Capital One Shopping to get codes.

I've explained this process across many fishing forums over the years and many people (more casual hobbyists) state that it's just too much effort for them to save $3-5 on a $10-15 purchase. But then those same people turn around and b*tch about the price of the item at Cabela's. They want their cake and to eat it too. But for me it's worth it as I am saving a several hundred bucks per year at least vs MSRP.

[FadeToBlack&Gold]

I always assume Bass Pro, Orvis, and Cabela's are charging the price their target demo - upper middle class suburban dads just getting into fly fishing or prepping for a guided hunting trip - will pay. Which means they are almost always 10-20% overpriced.

[SonofSouthie]

Watched Frontline's "The Power Of The Fed" this am. It's about their response to the Covid crisis. Guess who's benefitting from all the money they've pumped into the financial system.

I believe the show repeats this Friday.

[Kepler]

Guess who's benefitting from all the money they've pumped into the financial system.

Is the answer Jesus?

[RaceBoarder]

I always assume Bass Pro, Orvis, and Cabela's are charging the price their target demo - upper middle class suburban dads just getting into fly fishing or prepping for a guided hunting trip - will pay. Which means they are almost always 10-20% overpriced.

Yep. They are able to charge higher for convenience. But they also know that most of their customers are unaware of many other options. These people don't see the entire marketplace, just what is in their neighborhood. It also helps that some of their biggest spenders are 70+ and firmly believe that computers are the devil, even today.

Orvis is actually a good place to watch for the clearance on discontinued/old models of stuff. They don't like to sit on old gear so they blow it out at 50-70% off. They have had rods that were selling for $900 a month prior get cleared out at under $300 out the door. Part of that may be simply because they actively pursue the "How much did YOU spend?" dick measuring clientele for most of their revenue while the gear is current. They have already made their profit, so just get rid of the leftovers.

[SonofSouthie]

Is the answer Jesus?

Only if he's working on Wall St.

[Slap Shot]

Is the answer Jesus?

Don't **** with The Jesus.