E-Commerce Going to Bleed?

SUPREME COURT OF THE UNITED STATES (SCOTUS) Decided June 21, 2018, to overturn Quill Corp. v. North Dakota, 504 U.S. 298 (1992). The State may not require a business that has no physical presence in the State to collect its sales tax. This was left to the consumer to comply with the State of said sales tax. Ah, that has not gone well on State tax returns where you check the box asking did you purchase out of State goods? Most checked the NO Box.

So, E-Commerce business will have to calculate all State Taxes of online sales because the customer failed to do so.  The Supreme Court will always side with the Government even though the ruling was close 5-4 but I have to say Retail Brick and Mortar have been in a death spiral because of no sales tax when purchasing online.  Remember in the Clinton era in 1995 the dot-com revelation took-off like a Saturn rocket which made the internet grow, it was done on purpose for that reason to grow the economy.  But what happened to neighborhood stores since then?

Yeah, they are fading away because it's easy to shop online.  BestBuy would complain about customers who walked through the store to see and feel the products available then go buy it on Amazon.  But a store owner brings many jobs and commerce to your neighborhood.

Brick and Mortar can't compete with a giant who purchases in huge volume and these guys who pick your item for you have to piss in a bottle because management writes them up for being away from the job because the walk to the bathroom is too far!  Nice atmosphere, I don't think girls are on the floor because they would have to use a cup and need a tissue.  Bezos should place Porta Potties or how about a damn bike.  We also hear you get 15 to 20min lunch by the time you get to the canteen.  Would be better to bring a lunch.  Good idea to think about how another person is treated.  It's easy to say it isn't you but that changes when no one cares for you.

Brick and Mortar are celebrating with the ruling and E-Commerce business not so much where Amazon's stock is taking a hit along with others but the market has been sailing south lately anyway.  Good time to short the stocks.

Martin Armstrong came out today and totally blasted the Supreme Court ruling.  And Retail Dive has a great article posted in April before this all hit.

You know something?  Shopping the Mall is fun some stores have hot popcorn for free, the smell of new products, you get to try on new shoes, clothes so you get the right size and yeah lady, that dress looks great on you!

So with the trade wars going on where I wish business could have gotten a heads up for time to tool up and make some adjustments before pulling the plug!  If your car parts are too expensive there's always the junkyard. E-Commerce is going to have to adjust for all State sale taxes where you'll need new accounting software and other help where this market is going to bleed a bit.

The bright side in the meantime is shorting stocks, (timing is everything) Put Options.  The market is over-leveraged anyway where the Fed will raise rates and the banks are failing from global stress associated with bad paper exploding debt.  One cure is to buy back your stock.  Ah, that's not growth.  States need more taxes or the pensioners will snap if the money isn't there!  Something no fund manager has ever suggested if you want to make money in the market, invest in evil.  But many have a conscience where profit is disturbing, for example, Fetal parts and\or organ trafficking.  This pressure is relieved when you short the stock you are not profiting from gains you're profiting from a downfall.  You're just applying a rule to capitalism, profiting from others' misfortune where misery is a business model.  I see Red!