Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Rampant retail theft making inflation worse, threatens bleeding businesses, economists say
- Consumers will be forced to pay a theft tax or lose access to goods: economists
- “If companies can’t increase their costs to cover the cost of the theft, if they’re not making a profit, then they’re going to go out of business,” Andrew Puzder, the former CKE Restaurants CEO and a visiting fellow at Heritage, told Fox News.
- In 2021, retail “shrink,” or thefts, cost the industry $94.5 billion in losses, up 4% year-over-year and nearly double the $50.6 billion in 2018
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