Do some arithmetic. $500 a second isn't that much if you have thousands and thousands of stores with lines at the cash registers. Have you ever seen a time when there was NOT a line at the checkouts? I sure haven't.
Then there is that economy of scale. For sure, mom&pop will pay more for a given item. But, to the tune of a thousand percent markup at the Wal-Mart? Sorry, I just can't swallow that. It just doesn't work for me.
Just as an example, there is a product that I use every day. I buy it at Wal-Mart because it costs about 10% less there. CVS and Rite-Aid have that same product for a bit more money. Both CVS and Rite-Aid could muster near the same buying power as WM. If markups were in the 1000% range, that would mean that the product would be costing Wal-Mart about $.005 each. That would not even pay for the packaging, let alone the product REGARDLESS OF VOLUME! No manufacturer could stay in business for long selling that cheaply!
I think you would be hard pressed to find any items with the kind of markups that you say. Typical retail is usually around 100% desired with "loss leaders" a bit closer to being sold at or near cost.
Now, with all due respect, I do enjoy some of the finer things in life - like sleeping indoors and even occasionally eating a meal. But the day I have to overcharge a customer to stay open would be the day I would find another line of work.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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