We Disrespect Obama Because He Is African American

Off Topic Politics & World Issues
61

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:
Mom and Pop stores will never compete with Corporations. We could eliminate taxes period and they would not be able to compete for a number of reasons. We could tax C Corps. @ 30%, Mom & Pops 0%, and they still wouldn’t be able to compete. [/quote]

How do you figure ?

Let’s forget about write offs , let us say, what percentage of before tax profit is Home Depot paying as apposed to Paul’s Hardware and Lumber .

I do not know but I would bet that Paul still pays a higher percentage . Then you add the write offs that Home Depot gets and you probably realize HD pays a very low percent as apposed to Paul

The only advantage HD has over Paul is buying power . Paul’s garden dept. has plants that grow well in AZ , HD has plants that grow ell in Atlanta GA. Paul retains good employees better than HD does . Tax rate and buying power are a huge advantage
[/quote]

Well for one thing economies of scale plays a huge factor. HD is able to buy bulk at a lower price driving the selling price down while Paul’s hardware can not. So a packet of screws costs HD $0.50 and Paul $1.00 allowing HD to sell the screws for $1 while Paul has to charge $1.50. Both make $0.50 per sale (Gross), but it cost consumers an extra $0.50 to buy at Pauls.

Paul also has a smaller inventory, which means customers have to order & wait for inventory Paul doesn’t have. Not nearly as much of a problem for HD. As a matter of fact, your local HD may not have X product, but the HD 15 miles away might. There is no other Paul’s to shop at.

HD has resources Paul never will. This includes the ability to expand, take out a loan, pay employees more, offer benefits(which cost them less), ship goods, online shopping, etc… You say Paul retains good employees better, how so?

The scoop & scale of a C Corps. sales allow for lower prices. If Paul only has 100 items in inventory and he only sells X number of inventory a year, his profit margin has to be higher than HDs to met his revenue needs. HD has 1,000s of items in inventory and the # of transactions is at least 100s of times more than Paul, per store. So profit margain can be smaller due to the sheer # of transactions. Again, economies of scale.

The bottom line is, large corporations are able to sell goods/services for less than a Ma & Pa, while still being profitable.
[/quote]

I think I covered buying power . As far as wages HD used to pay good back in Marcus Bernie’s days . But now they are the Walmart of home improvement

HD inventory used to be good back in Marcus Bernie’s day but their skus have shrunk.

Try and get a antique brass pop up for a bathromm sink in Scottsdale AZ . Some one in Atlanta GA thought no one is Scottsdale would need one . The list goes on because of central control.

Get into hardware where there are thousands of very like skus . A stainless steel allen screw . find one at HD I dare you :slight_smile:
[/quote]

No one buys stainless steel allen screws, which is why HD doesn’t carry them…Supply/Demand and all that.

What is the demand for antique brass pop ups for a bathroom sink? Probably not very high.

Mom & Pops are not competitive enough, that is their main problem. [/quote]

I worked for HD for 2 years back when Bernie and Marcus had it , I am a stock holder , they used to educate their employees very well .

Today there is no education if you ask for a product by a type rather than brand name there is a good possibility they will not know what you are talking about .

Ask a Plumber why you use stainless steel set screws . I use stainless steel for any fasteners in a wet application .

No the pop up was standard in a track home .

Their garden dept has things that will never grow in AZ and things that will grow here you have to go to a local nursery .

My point is HD is like our Government . By no means is it worthless . But centralized control makes it easy to beat on a local level . The only advantages are buying power and tax structure

62

[quote]pittbulll wrote:
The only advantages are buying power and organizational structure, which may or may not lead to tax advantages, depending on the circumstances. [/quote]

Fixed that to be more accurate.

63

Of course I can not debate Tax code wit you beans , I do know the more money you have the more write offs you can afford .

I will take it back when I was a corp. I wrote off my truck because it was essential to me earning a living . But you know what ? Those wheels
are just as essential to me earning a living now that I work for some one else . And Guess what ? I can not write off a new truck .

It works that way all the way up the economic ladder . And yes I know it for a fact

64

[quote]csulli wrote:

[quote]pittbulll wrote:
I do not think all Republicans are racist , I do how ever feel racism is alive and well in America and much of the dislike of Obama is racism plain and simple .

I think another portion is standard operating procedure for the Republican party

I think the rest is just the nut jobbery antics of the Tea party [/quote]
I think it’s the opposite. You have a small number of people still clinging on to hardcore racism, and they are likely to be a walking stereotype; white, moronic, right wing, rednecks.

But the vast majority of any “racism” you actually see in America today comes from liberals. They’re the ones always wanting to treat minorities differently from white people. That is, by definition, racism. Why not just drop it and accept that it’s a non-issue? That’s how I feel.

But no, liberals are telling me that I can think George Bush was a shit president, but I can’t possibly, legitimately think Barack Obama is a shit president. Let me know how they’re not being racist.[/quote]

Racism is a one-way street in America. Have you ever read something in the press about whites being discriminated against? Never. The proverbial race card comes into play when anyone wants to shift the focus off the real issue.

Rob

65

[quote]beachguy498 wrote:

[quote]csulli wrote:

[quote]pittbulll wrote:
I do not think all Republicans are racist , I do how ever feel racism is alive and well in America and much of the dislike of Obama is racism plain and simple .

I think another portion is standard operating procedure for the Republican party

I think the rest is just the nut jobbery antics of the Tea party [/quote]
I think it’s the opposite. You have a small number of people still clinging on to hardcore racism, and they are likely to be a walking stereotype; white, moronic, right wing, rednecks.

But the vast majority of any “racism” you actually see in America today comes from liberals. They’re the ones always wanting to treat minorities differently from white people. That is, by definition, racism. Why not just drop it and accept that it’s a non-issue? That’s how I feel.

But no, liberals are telling me that I can think George Bush was a shit president, but I can’t possibly, legitimately think Barack Obama is a shit president. Let me know how they’re not being racist.[/quote]

Racism is a one-way street in America. Have you ever read something in the press about whites being discriminated against? Never. The proverbial race card comes into play when anyone wants to shift the focus off the real issue.

Rob[/quote]

Blacks have their racists as well the difference is most of the ecomic aspaects to American life are controlled by white America

66

[quote]pittbulll wrote:

[quote]beachguy498 wrote:

[quote]csulli wrote:

[quote]pittbulll wrote:
I do not think all Republicans are racist , I do how ever feel racism is alive and well in America and much of the dislike of Obama is racism plain and simple .

I think another portion is standard operating procedure for the Republican party

I think the rest is just the nut jobbery antics of the Tea party [/quote]
I think it’s the opposite. You have a small number of people still clinging on to hardcore racism, and they are likely to be a walking stereotype; white, moronic, right wing, rednecks.

But the vast majority of any “racism” you actually see in America today comes from liberals. They’re the ones always wanting to treat minorities differently from white people. That is, by definition, racism. Why not just drop it and accept that it’s a non-issue? That’s how I feel.

But no, liberals are telling me that I can think George Bush was a shit president, but I can’t possibly, legitimately think Barack Obama is a shit president. Let me know how they’re not being racist.[/quote]

Racism is a one-way street in America. Have you ever read something in the press about whites being discriminated against? Never. The proverbial race card comes into play when anyone wants to shift the focus off the real issue.

Rob[/quote]

Blacks have their racists as well the difference is most of the ecomic aspaects to American life are controlled by white America
[/quote]

Perhaps that is because the population is 72.4 % white as of the last census.

But it could never be that…it must be whitie keeping people in their place…right?

67

[quote]pittbulll wrote:
But centralized control makes it easy to beat on a local level [/quote]

If this were true Mom & Pops should be putting big Corps. out of business left and right. They are not.

I can’t think of a single industry where a local Ma & Pa has a competitive advantage over a corporation.

There are tax rules that benefit small business’ that C Corps can’t take. Tax is a small piece of the puzzle anyway. Economies of scale, buying power, supply chain, etc…these are the big difference that allow C Corps. to beat Ma & Pa stores.

68

[quote]pittbulll wrote:
Blacks have their racists as well the difference is most of the ecomic aspaects to American life are controlled by white America
[/quote]

Lol

69

I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?

70

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.

71

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
But centralized control makes it easy to beat on a local level [/quote]

If this were true Mom & Pops should be putting big Corps. out of business left and right. They are not.

I can’t think of a single industry where a local Ma & Pa has a competitive advantage over a corporation.

There are tax rules that benefit small business’ that C Corps can’t take. Tax is a small piece of the puzzle anyway. Economies of scale, buying power, supply chain, etc…these are the big difference that allow C Corps. to beat Ma & Pa stores. [/quote]

Profit margin for a harware store could be 5% to10% and when one of the participants has a %20 tax advantage , it is a guarantee to at least stay in the game .

I am telling you an S corp has very little advantage compared to a Corp that is so BIG and DIVERSE that you can not pin point where it starts and where it ends

72

[quote]pittbulll wrote:
Of course I can not debate Tax code wit you beans , I do know the more money you have the more write offs you can afford .[/quote]

No one can “afford” a write off. This is why it is frustrating to watch people debate taxation when they don’t grasp the basics of it. When someone can’t even use the correct terms to describe the situation they are talking about, it sort of renders their opinion moot, because they don’t understand what they are saying.

[quote]I will take it back when I was a corp. I wrote off my truck because it was essential to me earning a living . But you know what ? Those wheels
are just as essential to me earning a living now that I work for some one else . And Guess what ? I can not write off a new truck . [/quote]

I’ve done this math for you before, and you conveniently forget the situation ended in more cash out the door when you can claim the interest as a deduction. Even with depreciation it often comes down to pennies on the dollar once to take into account the other half of payroll taxes that you pay being self employed.

What you know for a “fact” is your perception. Your perception is of one with limited (I’m being very kind here) understanding of the IRC. This renders your ability to analyze a situation through 2 different scenarios (tax based) almost impossible.

Again, what you “know” here isn’t the whole picture, so what you think you “know” isn’t really what you know.

I don’t try and tell you how to make home improvements or how to do finish work. I don’t “know” a damn thing about it other than how I want it to look when you are done.

73

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
But centralized control makes it easy to beat on a local level [/quote]

If this were true Mom & Pops should be putting big Corps. out of business left and right. They are not.

I can’t think of a single industry where a local Ma & Pa has a competitive advantage over a corporation.

There are tax rules that benefit small business’ that C Corps can’t take. Tax is a small piece of the puzzle anyway. Economies of scale, buying power, supply chain, etc…these are the big difference that allow C Corps. to beat Ma & Pa stores. [/quote]

Profit margin for a harware store could be 5% to10% and when one of the participants has a %20 tax advantage , it is a guarantee to at least stay in the game .

I am telling you an S corp has very little advantage compared to a Corp that is so BIG and DIVERSE that you can not pin point where it starts and where it ends
[/quote]

Where does this 20% tax advantage come from?

S Corps & C Corps are two different things. Each has their advantage & disadvantages.

What C Corps. is so big you can’t tell where it begins and ends?

74

[quote]pittbulll wrote:

I am telling you an S corp has very little advantage compared to a Corp that is so BIG and DIVERSE that you can not pin point where it starts and where it ends
[/quote]

Very false.

The very reasons S-Corps are limited to small businesses in terms of formation options are because of the significant advantages to an S over a C.

You are starting to compare apples to the Dallas Cowboys at this point.

75

[quote]usmccds423 wrote:

What C Corps. is so big you can’t tell where it begins and ends?

[/quote]

There are small C-Corps with 100k of revenues every year, and S-Corps with hundreds of millions of revenues every year.

Business formation isn’t relevant to the overall point Pitt is trying to make, which admittedly has some merit.

76

[quote]countingbeans wrote:

[quote]usmccds423 wrote:

What C Corps. is so big you can’t tell where it begins and ends?

[/quote]

There are small C-Corps with 100k of revenues every year, and S-Corps with hundreds of millions of revenues every year.

Business formation isn’t relevant to the overall point Pitt is trying to make, which admittedly has some merit.

EDIT: to be clear, formation is certainly relevant. However, only once you start talking about detailed situations. For the overall general gist of the conversation, it is moot, for th emost part. [/quote]

I can’t tell what his point is here. I realize S Corps can be bigger than C Corps. What I don’t understand is how you can’t tell where a Corps. begins and ends? C Corps can be complicated (See Sony for example), but you can still tell where they begin and end.

77

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.

78

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.

79

[quote]usmccds423 wrote:

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.[/quote]

Only possible explanation.

Duh.

80

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:
Mom and Pop stores will never compete with Corporations. We could eliminate taxes period and they would not be able to compete for a number of reasons. We could tax C Corps. @ 30%, Mom & Pops 0%, and they still wouldn’t be able to compete. [/quote]

How do you figure ?

Let’s forget about write offs , let us say, what percentage of before tax profit is Home Depot paying as apposed to Paul’s Hardware and Lumber .

I do not know but I would bet that Paul still pays a higher percentage . Then you add the write offs that Home Depot gets and you probably realize HD pays a very low percent as apposed to Paul

The only advantage HD has over Paul is buying power . Paul’s garden dept. has plants that grow well in AZ , HD has plants that grow ell in Atlanta GA. Paul retains good employees better than HD does . Tax rate and buying power are a huge advantage
[/quote]

Well for one thing economies of scale plays a huge factor. HD is able to buy bulk at a lower price driving the selling price down while Paul’s hardware can not. So a packet of screws costs HD $0.50 and Paul $1.00 allowing HD to sell the screws for $1 while Paul has to charge $1.50. Both make $0.50 per sale (Gross), but it cost consumers an extra $0.50 to buy at Pauls.

Paul also has a smaller inventory, which means customers have to order & wait for inventory Paul doesn’t have. Not nearly as much of a problem for HD. As a matter of fact, your local HD may not have X product, but the HD 15 miles away might. There is no other Paul’s to shop at.

HD has resources Paul never will. This includes the ability to expand, take out a loan, pay employees more, offer benefits(which cost them less), ship goods, online shopping, etc… You say Paul retains good employees better, how so?

The scoop & scale of a C Corps. sales allow for lower prices. If Paul only has 100 items in inventory and he only sells X number of inventory a year, his profit margin has to be higher than HDs to met his revenue needs. HD has 1,000s of items in inventory and the # of transactions is at least 100s of times more than Paul, per store. So profit margain can be smaller due to the sheer # of transactions. Again, economies of scale.

The bottom line is, large corporations are able to sell goods/services for less than a Ma & Pa, while still being profitable.
[/quote]

I think I covered buying power . As far as wages HD used to pay good back in Marcus Bernie’s days . But now they are the Walmart of home improvement

HD inventory used to be good back in Marcus Bernie’s day but their skus have shrunk.

Try and get a antique brass pop up for a bathromm sink in Scottsdale AZ . Some one in Atlanta GA thought no one is Scottsdale would need one . The list goes on because of central control.

Get into hardware where there are thousands of very like skus . A stainless steel allen screw . find one at HD I dare you :slight_smile:
[/quote]

No one buys stainless steel allen screws, which is why HD doesn’t carry them…Supply/Demand and all that.

What is the demand for antique brass pop ups for a bathroom sink? Probably not very high.

Mom & Pops are not competitive enough, that is their main problem. [/quote]

I worked for HD for 2 years back when Bernie and Marcus had it , I am a stock holder , they used to educate their employees very well .

Today there is no education if you ask for a product by a type rather than brand name there is a good possibility they will not know what you are talking about .

Ask a Plumber why you use stainless steel set screws . I use stainless steel for any fasteners in a wet application .

No the pop up was standard in a track home .

Their garden dept has things that will never grow in AZ and things that will grow here you have to go to a local nursery .

My point is HD is like our Government . By no means is it worthless . But centralized control makes it easy to beat on a local level . The only advantages are buying power and tax structure
[/quote]

Yeah, shopping at home depot is pretty frustrating. I prefer to go to wholesalers(eg a refrigeration place, heating, sheet metal, etc) that understand the products that they’re selling, and they usually provide better services and competitive prices.
Home depot is for reno-hacks, and people that don’t know what they’re doing, or just to buy general bulk supplies where you don’t want any input about what you’re building from people that don’t know shit from shoelaces.