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Metropolitan DC Local Politics
Reply to "Pleasant Pops pushed out — to be replaced by CVS?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DC has a loophole for these commercial landlords. They find really bland (useful, but as OP mentioned [b]oversaturated[/b]) tenants who can pay exorbitant rent or the property sits empty for years and is a write off. The landlords win either way. DC needs to give a few months grace period (not years) for empty retail space and then maybe the landlords will not engage in driving out SO many small business in favor of big box and fast express.[/quote] That's the "it's so crowded, nobody goes there anymore" argument for stores. I may have the opinion that there are too many CVS stores or Starbucks stores or bank branches in a given area, but that doesn't mean the area is oversaturated. CVS, Starbucks, and the banks are unlikely to be operating their businesses at a loss.[/quote] True. It does mean, however, that big businesses have unfair advantages over small businesses. For example, big companies pay little in tax because they buy politicians and rewrite tax law in their favor. Also, big companies benefit because they have lower cost of capital due purely to size. And they do anti-worker things like scheduling workers to avoid benefits. This is why Teddy Roosevelt used government to do antitrust — to level the playing field. [/quote] The “unfair advantage” is that big businesses actually know what they are doing. [/quote]
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