Amazon is adding a 5% fuel and inflation surcharge

[Loulit01]

Amazon is adding a 5% fuel and inflation surcharge

Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.

www.cnn.com

Um, hey Amazon...

Amazon.com, Inc. (AMZN) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Amazon.com, Inc. (AMZN) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

3,110.82+95.07 (+3.15%)
At close: April 13 04:00PM EDT
3,117.87 +7.05 (+0.23%)
Pre-Market: 6:54AM ED

Why Amazon Pays No Corporate Taxes​

Why Amazon Pays No Corporate Taxes

Amazon is under scrutiny for paying no corporate taxes, but would the country benefit from an increased corporate tax?

www.forbes.com

But we're not getting gauged. This is all Biden's fault.

 

[NatMorton]

Amazon is adding a 5% fuel and inflation surcharge

Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.

www.cnn.com

Um, hey Amazon...

Amazon.com, Inc. (AMZN) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Amazon.com, Inc. (AMZN) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

3,110.82+95.07 (+3.15%)
At close: April 13 04:00PM EDT
3,117.87 +7.05 (+0.23%)
Pre-Market: 6:54AM ED

Why Amazon Pays No Corporate Taxes​

Why Amazon Pays No Corporate Taxes

Amazon is under scrutiny for paying no corporate taxes, but would the country benefit from an increased corporate tax?

www.forbes.com

But we're not getting gauged. This is all Biden's fault.

You do understand that rising prices also affects the cost of goods sold, yes?

 

[ttwtt78640]

Amazon is adding a 5% fuel and inflation surcharge

Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.

www.cnn.com

Um, hey Amazon...

Amazon.com, Inc. (AMZN) Stock Price, News, Quote & History - Yahoo Finance

Find the latest Amazon.com, Inc. (AMZN) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

3,110.82+95.07 (+3.15%)
At close: April 13 04:00PM EDT
3,117.87 +7.05 (+0.23%)
Pre-Market: 6:54AM ED

Why Amazon Pays No Corporate Taxes​

Why Amazon Pays No Corporate Taxes

Amazon is under scrutiny for paying no corporate taxes, but would the country benefit from an increased corporate tax?

www.forbes.com

But we're not getting gauged. This is all Biden's fault.

OK, but this retailer raised prices by 25%.

Why Dollar Tree's price hike to $1.25 could be 'one of the worst decisions in retail history' | CNN Business

Dollar Tree said late last month it was walking away from its 35-year brand identity, announcing plans to raise prices to $1.25 on the vast majority of its merchandise at all stores by around May 2022. It's a huge gamble.

www.cnn.com

As did most to some extent…

Retailers Raising Prices Higher Than Costs Dictate - Multichannel Merchant

A new report found more than half of retailers surveyed raised prices beyond the point of simply recouping increased costs in the past year.

multichannelmerchant.com

Was that not evil as well?

 

[Loulit01]

OK, but this retailer raised prices by 25%.

Why Dollar Tree's price hike to $1.25 could be 'one of the worst decisions in retail history' | CNN Business

Dollar Tree said late last month it was walking away from its 35-year brand identity, announcing plans to raise prices to $1.25 on the vast majority of its merchandise at all stores by around May 2022. It's a huge gamble.

www.cnn.com

As did most to some extent…

Retailers Raising Prices Higher Than Costs Dictate - Multichannel Merchant

A new report found more than half of retailers surveyed raised prices beyond the point of simply recouping increased costs in the past year.

multichannelmerchant.com

Was that not evil as well?

What's your point? We're getting gauged by everyone? Okay, fine.

 

[aociswundumho]

Fuel surcharges are nothing new. I see them all the time with concrete ready mix suppliers, lumberyards, companies which provide dumpsters, etc. When their expenses go up, then of course the prices have to go up as well.

 

[NatMorton]

What's your point? We're getting gauged by everyone? Okay, fine.

No, my point is that blaming Amazon and other companies, who are also facing higher prices, is silly. One might as well blame airline disasters on gravity.

Inflation is a serious economic problem because it's so hard to solve. By its very nature it creates a negative feedback loop: higher prices beget still higher prices. This is almost certainly going to be a painful fix for all of us. It's why at least some of us were concerned about the free spending policies of the federal government over the last 18 months and the fed's cheap money policies.

Quite simply, both Washington and the fed have botched the recovery. And we've all now begun to pay the price for that, literally.

 

[ttwtt78640]

What's your point? We're getting gauged by everyone? Okay, fine.

Nope, my point is that when cost of sales increase then one must increase their prices in order to maintain the same profit.

As a self-employed handyman, my (time plus materials) billing method does that almost automatically. I charge my customers the actual cost (and provide them receipts) for material used on their job plus an hourly charge (which I disclose in advance) for my labor. As material costs change (rise or fall) my customers’ bills reflect those changes.

I said almost because changes in the cost of my tools, equipment, transportation and living expenses impact the profitability of my hourly labor rate (which, due to inflation, I must occasionally increase). Sometimes, a job will require tool rental, for which I also bill the customer at actual cost, and I advise them in advance that charge will appear on their bill.