My Walmart Bash

[Robjps]

Supply isn't the issue. Price is the issue. When demand is high enough that people are willing to pay $75 for brick of the crappiest 22LR, and Walmart has it for 22.99, how could it possibly stay on the shelves for long?

Sweet Jesus, someone else on INGO besides me and HornadyLNL understand it. How hard is to understand when even the manufacturers are saying it.

 

[Cameramonkey]

They are only willing to pay $75 because they cant actually FIND it for $25 due to those selling it for $75 on the secondary market. Kill that secondary market and I'm sure you'll start seeing it stay on the shelf at $25. (or at least stay for a couple days, not hours)

And it will end the cycle... if the shelves stop always being empty, non-flipper people will stop assuming its hard to find and stop buying "just because I dont know when I'll find it again" (hoarding, even in small quantities). And if people stop "hoarding", more will stay on the shelf, etc.

 

[jamil]

They are only willing to pay $75 because they cant actually FIND it for $25 due to those selling it for $75 on the secondary market. Kill that secondary market and I'm sure you'll start seeing it stay on the shelf at $25. (or at least stay for a couple days, not hours)

And it will end the cycle... if the shelves stop always being empty, non-flipper people will stop assuming its hard to find and stop buying "just because I dont know when I'll find it again" (hoarding, even in small quantities). And if people stop "hoarding", more will stay on the shelf, etc.

So how would you stop it? Pass a no-gouging law? The only way to stop it without involving government is for big box retailers to decide to put an end to this by selling it at or just below market value.

As long as there is this high demand and a low cost source in the chain, it's going to stay this way. You're not going to convince people who really want it not to pay $75 per brick. People free to do what they want, will do as they please. Which is as it should be.

 

[Cameramonkey]

I never claimed to have a fix, Just the causes of the problem that are different than others claim. I can show how it can be solved, but don't see a good way to force the fix.

 

[MikeDVB]

It's a vicious cycle. Flippers buy it because they can sell it for more money and people buy it for more money because the flippers are buying up all of the cheap stock.

That said - why not just order it online? Get it shipped to your door no need to pay $75/brick or hunting shelves.

 

[nipprdog]

My .02. The flippers aren't near the problem they used to be, for a couple reasons. One, the big stores finally put limits in place. Instead of getting 10 or more, they can only get 1,2,or 3. Which has allowed more people to get some ammo. If only they would put limits in place sooner, the current situation would be better. Second, there aren't very many people paying $75 a brick any more. On Gunbroker, you can scroll through several pages of people are trying to sell at those prices, but nobody is buying any of it. While filpping might have been good in 2013, not so good any more.

 

[hornadylnl]

I can't wait for the wailing and gnashing of teeth when a private pharmaceutical firm developes a cure for cancer. How dare they put a price on life.

 

[Robjps]

So how would you stop it? Pass a no-gouging law?

I could be completely wrong but i do believe they are already breaking the law as i think ammo has special taxes similar to gasoline. And i somehow doubt they are claiming their sales on their taxes.

 

[Cameramonkey]

I could be completely wrong but i do believe they are already breaking the law as i think ammo has special taxes similar to gasoline. And i somehow doubt they are claiming their sales on their taxes.

IANAA* but to my knowledge there is no such tax they need to collect. They DO need to claim the profits of their flipping on their income taxes, but I doubt they do that either.




*I Am Not An Accountant

 

[HeadlessRoland]

IANAA* but to my knowledge there is no such tax they need to collect. They DO need to claim the profits of their flipping on their income taxes, but I doubt they do that either.




*I Am Not An Accountant

There is an 11% national excise tax on ammunition.

 

[jamil]

There is an 11% national excise tax on ammunition.

Does that apply to private sales? Must it apply every time the ammo is resold?

 

[Duke Short]

 

[gatorindy]

Walmart sells the winchester m 22 in 1,000 round boxes. He bought his 3 box limit while he was off the clock. He was just a customer with a little information. Brassbadger.com gives us all the same info he had.
Hopefully he will use it or pass it on to someone that will. Capitalism isn't perfect, but it's better than the socialism some of you seem to want. (I.E I want my fair share and don't take advantage of an opportunity they found and did what it takes to use it!)

I'm all for employees buying ammo, but how about they have to abide by the same rules as customers? 3000 rounds is a little outside the 3 box limit, even at 525 rounds a box for WWB.

 

[Robjps]

Does that apply to private sales? Must it apply every time the ammo is resold?

If it is like gasoline/diesel then yes. When i worked corporate security for a trucking company if you were caught stealing fuel we simply called the feds for selling diesel and they would gladly prosecute. Then you were sue'd by the company.

 

[PistolBob]

With the guy working right there in the Sporting Goods department, doesn't sound like it made it to the shelf. So, you are fine that they would limit the amount that you or I can buy but A. This guy rang himself up and ignored the limit or B. Another employee rang him up and ignored the limit?

You are jumping to a lot of conclusions. Do you know how it went down? No.

 

[Cameramonkey]

Does that apply to private sales? Must it apply every time the ammo is resold?

Even if so, how would they submit it to the Feds if they actually collected it?

 

[jamil]

If there are potentially laws broken because of tases or whatever, shouldn't the so called "flippers" be investigated and prosecuted? It's not like it's hard to find people selling it.

 

[jcwit]

If nothing else, they "the flippers" need a retail license and are required to collect sales tax for the state of Indiana.

Furthermore all profits need to be reported as income on both Federal & state tax forms.

 

[jamil]

If nothing else, they "the flippers" need a retail license and are required to collect sales tax for the state of Indiana.

Furthermore all profits need to be reported as income on both Federal & state tax forms.

What law says that? I agree with the latter. I'm not sure about the former. No one SHOULD have to be licensed to sell stuff.

 

[jcwit]

If in fact one is conducting an ongoing business/selling, they are required to have a sales tax license.

Try to get into the Shipshewana Market without an Indiana Sales License.

50 plus years of retail experience and owning my own business tells me this.