(April 24, 2019 at 7:55 am)Brian37 Wrote: Is that show where several billionaires consider potential investments in upstart companies.
Now again, I am not against the private sector but sometimes I run into what simply amounts to sheer greed.
So these two guys in one episode made these stupid fucking looking fake fur animal hats, and I mean Trump tower gaudy. Marketed to the Aspin skiers/snow borders crowd. But not even that bothered me. One of the guys was asked how much it cost to make, he responded "$29 per unit, but we sell it for $99."
That, that right there is the fucking problem. Not the making the profit, but the outrageous gap between cost and charge. [...]
Lol... You've only just found out about capitalism? Nike sneakers cost about as much to produce as those hats and sell for $200 - and to a much larger market, than a few rich kids on skiing holidays.
A small company selling a hat for 3 times the production costs is not really that outrageous. I don't know the details of the business, but if they're not selling massive numbers, they need to make quite a lot more on each, than a huge corporation would, in order to offset all the other costs. That's why Walmart has lower profit margins - and thus lower prices - than small retail stores.
"The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one." - George Bernard Shaw
