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

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Handyman said:
It is kind of like Kohl's (which I am guessing you have never been to) where they put the "retail price" on the tag and cross it out and put the "sale price" underneath. The thing is the price is ALWAYS the sale price they are just pretending that your purchase today is special.
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This is also an old garage/yard sale trick. Put a high price on each item, then throw it on a table with a sign that says, "Everything on this table 50% off"
 
FadeToBlack&Gold said:
This is also an old garage/yard sale trick. Put a high price on each item, then throw it on a table with a sign that says, "Everything on this table 50% off"
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In MN, back when I was working retail, I remember my managers saying that prices had to be regular price (not MSRP, but also not a sale price) for at least 2 weeks per year. They said TJ had to do with MN’s application of truth in advertising laws. I have no idea if that was accurate, but when I worked at Frank’s Nursery back in the 90s, that’s how a few things were sold. Regular price for craft project X was almost always on sale for 25, 33, or 50% off except for a week in August and another another in May, when people weren’t shopping that section of the store anyway.
 
St. Clown said:
In MN, back when I was working retail, I remember my managers saying that prices had to be regular price (not MSRP, but also not a sale price) for at least 2 weeks per year. They said TJ had to do with MN’s application of truth in advertising laws. I have no idea if that was accurate, but when I worked at Frank’s Nursery back in the 90s, that’s how a few things were sold. Regular price for craft project X was almost always on sale for 25, 33, or 50% off except for a week in August and another another in May, when people weren’t shopping that section of the store anyway.
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Oh man, Frank's. Throwback.
 
"Don't be evil."

According to a white paper published last month by researchers at the University of Michigan School of Information, 48% of ad traffic on “fake” news publishers is served by Google. Nearly a third (32%) of “low credibility sites” like Breitbart, Drudge Report, and Sputnik News were delivered by Google.
  • The researchers analyzed more than 1,700 publishers, identifying 545 as either “fake” (sites filled with pseudoscience and straight-up lies) or “low credibility” (hyper-partisan), using a data set compiled by Melissa Zimdars, an associate professor at Merrimack College.
  • Additionally, the researchers found that the “top-10 credible ad servers,” like Lockerdome and Outbrain, make up 66.7% of fake and 55.6% of low-quality ad traffic. Even so, the researchers said that the $$ these firms make from such placements represents a “negligible fraction” of their overall revenue.
  • Using digital emulators that mimicked browsing behavior on the sites, the researchers could identify which ad servers were supporting misinformation sites.
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Today we got the letter my wife's student loans are officially gone under the PSLF program. There's a really nice bottle of wine sitting downstairs that will get downed this weekend.

Also took the edge off her client being found guilty of murder 1 today.
 
unofan said:
Today we got the letter my wife's student loans are officially gone under the PSLF program. There's a really nice bottle of wine sitting downstairs that will get downed this weekend.

Also took the edge off her client being found guilty of murder 1 today.
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Congrats! Nice to hear and well deserved.

4 more years for me!
 
A bumper sticker that is better than any current fiscal reform proposal I know of:

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All I know is that from my own observation, legal weed appears to be the best thing to happen to Michigan's economy in 30+ years. If we project the reported tax revenue from the first quarter out through the end of 2021, the state is on track to easily rake in double the $81m and change in tax dollars they got from sales in 2020.
 
FadeToBlack&Gold said:
All I know is that from my own observation, legal weed appears to be the best thing to happen to Michigan's economy in 30+ years. If we project the reported tax revenue from the first quarter out through the end of 2021, the state is on track to easily rake in double the $81m and change in tax dollars they got from sales in 2020.
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I have to figure that if weed grows great in the same areas hops do (which makes sense), Michigan is in a primo spot to be a massive grower of it over the next few decades.
 
dxmnkd316 said:
I have to figure that if weed grows great in the same areas hops do (which makes sense), Michigan is in a primo spot to be a massive grower of it over the next few decades.
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They project about $300m/yr in taxes when we max out in a few years, and right now there's little reason to think we won't hit that figure. Just looking around the Detroit metro area, there are still new dispensaries opening practically every month.
 
FadeToBlack&Gold said:
They project about $300m/yr in taxes when we max out in a few years, and right now there's little reason to think we won't hit that figure. Just looking around the Detroit metro area, there are still new dispensaries opening practically every month.
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That's insane given it would make up 1% of the entire state's tax revenue. 33% relative to all business income tax. 4% of all sales taxes. That's probably a hell of lot better than the best thing in 30 years.
Tax_Collections_660747_7.JPG
 
And unlike Illinois they don't over tax it or have rather low limits on how much you can purchase. (Illinois restricts out of staters even more) Way better value buying in Michigan...

Or so I have heard ;^)
 
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