Tuesday, April 03, 2018

Amazon

President Trump's misguided rants against Amazon have cost me thousands in unrealized gains.... I could dissect and beat back all of his silly statements one by one , but in an effort to save time I'll stick to one issue.....the Prez , and many talking heads accuse Amazon as being the downfall for brick and mortar stores and mom and pop shops.....false.... greedy landlords and overzealous development are the problem.... how many strip malls and banks do we really need ?? It's excessive rent hikes Everytime a business shows a profit that is really killing the bricks and mortar.....let's use a Bar as an example.....you can't buy beer or social interaction on Amazon ( yet)...but how many highly successful bars close every year because they can't keep up with the rent... ( See Langans in midtown for a close to home example )....bars, small stores and retailers are forced to jack up prices and eventually go out of business....rent protection and restrained development are the answer...not tearing down one of the greatest American success stories.

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