Word: retailing
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Dates: during 1950-1959
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...efficiently sold." Kansas dealers, at their convention, called for a production cutback. Even one of the manufacturers joined the chorus. Said Studebaker's Chairman Paul G. Hoffman: "The automobile factories must limit their production to that volume of cars which . . . can be sold at a profit, by retail dealers . . . Profitless prosperity on the part of the dealers will, over the long pull, result in profitless prosperity for the manufacturers...
...planners in the Administration will not recommend an across-the-board manufacturers or retail sales tax, at least not under that politically dangerous name. Instead, the Administration is likely to ask Congress to rejigger existing federal excise taxes, perhaps lower them on items such as movie admissions, luggage and jewelry, and apply them to items such as clothing, now exempt. The tax program may be sugar-coated with increased income-tax exemptions for working mothers...
...meat prices high because someone between the rancher and the retail counter is getting too much gravy? The answer is no, even though cattlemen are selling their grass-fed steers at a loss in today's markets. But middlemen are making no lush profits. The feeders, who buy steers to fatten up for market, are lucky to make a 10% profit-provided that they guess right on what the price will be when they sell. Meat packers' profits are smaller: last year they were six-tenths of a cent on each dollar of sales. The retailer, whose average...
...hoof is only a small factor in what the housewife pays for beef. The total cost includes such expenses as freight (up 75% since the war) and labor (up about 100%). Since these costs are fixed, a temporary drop in cattle prices may mean only a small reduction at retail...
...junk the most inequitable personal income tax and all the other patch-quilt federal taxes and try out a simple 100% sales tax at the manufacturers level? This would amount to a 50% tax at the retail level and yet would bring in revenues of $80 billion...