California Proposition 47 Will Likely Destroy Retail in California - Politics | PoFo

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California's Prop 47 leads to rise in shoplifting, thefts, criminal activity across state

I decided to take advantage of the Macy's sale today and pick up a sport coat and some polos (this was just a Ralph Lauren day, not a Canali kind of day, so it was an off-the-rack purchase). Generally, I know my sizes, but for a coat, I want to try it on first. So I decided to go in to Macy's. To my surprise, everything in the Ralph Lauren section was under lock and key. I had to get cashier help to buy what I wanted. I remember hearing stories about locked merchandise in aisles being "racist," usually hair care products for African Americans. As an investor, I watch sector rotation and had watched the retail apocalypse in stocks in the last few years. What hadn't occurred to me is that one of the problems with retail in California is that they more or less made shoplifting a non-crime--that is, they increased the old amount for felony shoplifting from $400 to $950. They rarely enforce shoplifting on the poor--who basically do all the shoplifting.

Stores like Safeway do not even bother calling the police anymore. So it is creating some interesting market dynamics. Employee-owned stores like Winco have much tighter ingress and egress controls, and lower prices. Same with Costco and Sam's Club. Stores like Safeway are invariably more expensive and part of that is to offset the cost of shrinkage. When it comes to retail apparel, I now can see why shopping online is so much more convenient. The clothes aren't locked down. If you know your sizes, you can just order online and receive them in a timely manner. At a retail store now, you have to get the clerk to unlock whatever you want to try on first. It's ridiculous.

This has to be seriously killing local retail. A big part of the price of major brands--especially luxury brands--is paying for retail space. It's always at a premium to a warehouse. Yet, if retail theft is not going to be enforced, shrinkage will necessarily make retail more expensive than just buying things online. With the added inconvenience of having everything on lock down, I think California's Prop 47 is likely to cause even more retail layoffs and closures in California.

The leniency toward criminality on the left is likely to have some significant market-shaping externalities that were probably not intended by voters or law makers.
Where the absolute fuck did you get the idea that the "left" is tolerant of common criminality? Were you asleep during the Clinton administration? What about the entire 20th century? The only criminality the "left" has ever been lenient towards has been the criminality of their own party members. Everyone else goes in the GULAG
SecretSquirrel wrote:Where the absolute fuck did you get the idea that the "left" is tolerant of common criminality?

It's a relatively recent development in California where prosecutors do not charge "poor" people, "young" people, or "mintorities" with crimes to avoid them having the stigma of a criminal record. As I pointed out during Obama's administration (when it was really fun to trigger leftists on racism), that it was easy to discriminate against blacks in employment by simply running a criminal background check.

SecretSquirrel wrote:Were you asleep during the Clinton administration?

Clinton was among the founders of the DLC, because the Democrats had lost 5 of the last 6 presidential elections in the wake of 1968. So he neither campaigned nor governed to the left. He was a staunch centrist known for his "triangulation" strategies engineered by Dick Morris among others. Hillary, however, ran as a successor to Obama, who ran as a centrist but tried to govern to the left, particularly in his second term.

SecretSquirrel wrote:The only criminality the "left" has ever been lenient towards has been the criminality of their own party members.

You'll get no argument from me there. The idea to impeach Trump for investigating probable crimes committed by the Bidens is par for the course.

The point I'm making in this thread, however, is that Amazon competes ruthlessly with big box retailers and now even grocery stores with their recent acquisition of Whole Foods. To rip off Amazon, you have to steal packages off of doorsteps. In new construction, we're even starting to see delivery closets with key coded doors to address package thieves. There's even talk now that delivery drones may deliver packages to back doors or even to balconies to impede thieves.

So this policy--intended to give poor, young and minorities a break in shoplifting cases--may create an economic spread where oneline shopping can further compete on price, because they do not experience any shrinkage and they have warehouses that are less expensive than higher end retail locations.

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