President Obama on Monday, said that the proposed Marketplace Fairness Act, which would require online retailers to collect sales tax, “will level the playing field for local small business retailers that are in competition every day with large out-of-state online companies.”
Far be it for me to disagree with the President, but I don’t see it.
Let’s take this step-by-step. Brick and mortar stores say they’re going out of business because people are choosing to buy online instead of in their store. I believe this is true. I don’t think it’s a stretch to say that Amazon helped put Borders out of business.