How Will the Rise of E-Commerce Affect Gold Prices?

by 24K Staff

Local and municipal governments throughout the world are considering how to respond to the rise of e-commerce and the consequent decline of stationery retail. For centuries, governments throughout the world have relied on revenues from sales of stamp duty, excises on drink petroleum, and registration for gambling stakes to meet the upkeep of infrastructure and to help maintain law and order. This model is now under threat as people buy goods online and stop buying in shops, leaving shops to go to the wall and governments with substantially lower takings than previously.

All goods produce landfill waste which the townships have to clear. Petroleum produces carbon dioxide, the leading cause of global warming, and smoking generates volatile and health-threatening fumes. Whilst metal coins may theoretically be recycled indefinitely, this does not compensate for the way in which they are made. This is achieved by repeated cycles of drilling and dipping, by which impurities are reduced at the cost of thinning the metal.

Merchants have an added incentive to join the casino, and some of them are granted licenses as Money Service Businesses. The sellers have to pay a charge to use this service, typically a flat rate fee. The buyer’s have to pay for the charge since the accumulation of the charge goes to the government, but other than that, the seller usually doesn’t pass the cost of using a casino onto the buyer.

Additionally, online sellers are exempt from recording and filing the amount of Excise duty still if the merchandise stays in the United Kingdom. This exemption has led to more online purchases, again resulting in less government revenue.

Finally, there is no health warning on casino products. Whilst this assumption is arguably harmful to individuals in the long term, it alleviates the government’s obligation to produce and administer such warnings.

Street vending has remained widespread to this day, surviving due to that the local government cannot really afford to police the whole country to make sure that these laws are followed. Historically, street trading has been tolerated because of the necessity to have a means of providing inexpensive food and clothing. For many millennia, governments have allowed the streets to be dominated by market traders for these reasons. As a result of reliance on this genuine industry, the lives of the people living in townships, or even the chaotic masses of Baghdad, have been brought to some low standard of convenience.

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