Amazon gets you to buy more iPhones, lawn mowers, power washers, and movies by: first selling you bananas. Whole Foods, owned by Amazon, ropes you in with the promise of savings. These banana sales will translate down the road to a tighter grip on all of a consumers’ purchases and result in lost sales for all or most retailers including Best Buy, Home Depot, AutoZone, Nordstrom, and more.
This will likely result in job loss and lower tax revenue. That may put downward pressur...Read More
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June 22, 2018