Marketplace profits will leave town |

Marketplace profits will leave town

Dear Editor,

Consider the economic effects of a big-box retailer. I see them as an efficient mechanism for extracting capital from a community and keeping it.

A local retailer will cycle investments and profits back into the community. Often the same dollar that you spend with your local retailer comes back to be spent in town again and again, being taxed each time.

Thus a community with $40 million to spend might show $70 million in gross sales. However, the big-box retailer leaves little capital with the community. Of its $92 million optimum gross, $2.5 million might stay as pay checks, $6.5 million as county and city taxes and $1 million for utilities and plowing the driveway. About 9 percent stays in the valley and the rest of Carbondale’s capital goes to China and the big box’s corporate headquarters.

Additional costs for Carbondale will include an extended period of highway construction and debt, the need for a larger police force, deterioration of air and water quality, traffic congestion and the loss of an opportunity to show the world an example of Conscious Community in America. Please, vote early and vote “no.”

John Hoffmann


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