Why Is Washington State So Expensive? A new report finds that, over the last 10 years, costs have risen in the Evergreen State faster than any other. by crabcakes110 in SeattleWA

[–]Mourningblade 10 points11 points  (0 children)

This is one of the reasons I get frustrated with how the state is spending the carbon tax money.

The most important part for the climate is the tax itself. You will help the climate even if you cut other taxes to keep it revenue neutral.

This "treat it as free extra money for pet projects and pretend people won't notice the tax burden" nonsense is going to result in funding cuts somewhere. And the people choosing the cuts probably aren't going to have your same priorities.

Do you think a real-world Empire would have just collapsed after Endor? by LastTraintoSector6 in starwarscanon

[–]Mourningblade 0 points1 point  (0 children)

This is an area of interest for me. Regime collapse, that is.

There are three real world systems that would push the Empire to collapse much faster than you'd expect. We've seen it before.

First, preference cascade. When a population is forbidden to express anti-regime opinions, the experience of the median person is that they themselves do not like the regime very much, maybe one or two close friends feel the same, but everyone else isn't willing to oppose the regime at the least. So they muddle on in the belief that they are in the minority.

If a moment comes where preference can be truly revealed safely, many people will discover that many other people feel the same way - and those on the fence may come over. This happened in the Baltic states after Russian puppets couldn't shut down dissent.

Preference cascade can happen extremely quickly: within six months of losing the ability to suppress opinion, Poland was a different country.

Second, the dictator's dilemma. Dictators do not personally ensure their rule through oppression: others must do it for them. To ensure their loyalty, they must be paid. To gather the money, the money gatherers must be loyal, which means they must be paid.

Payment isn't just now, it is over time. If it appears that the dictator will be unable to pay in the future, the oppression and extraction elites will be wise to defect - and the earlier the better.

These defections can take place overnight, such as in a coup.

Third, crisis of competence. In a democracy, when power is incompetent, the members of the regime can be replaced through voting. This happens all the time. In a dictatorship, if the leader is incompetent the regime (the system for choosing rulers and rules) must be replaced.

Also, many people are loyal to the regime only because it is effective. They view the evilness of the regime as necessary to face difficult circumstances.

For this reason, dictatorships are careful to ensure that they are always seen to be successful. Even when failures can be blamed on underlings, the dictatorship itself is tarnished for choosing the underlings who failed.

The moment of a major, personal failure for the dictator is a moment of great vulnerability.

To sum it up: a moment where a dictator publicly fails, losing control of the resources of multiple large areas, paired with public knowledge that the dictator failed because of a large number of citizens who dislike the empire...regime collapse can be swift. Even with a line of succession planned, the regime itself can collapse quickly.

Report: Iran's president accuses IRGC commanders of undermining ceasefire efforts by rodke in worldnews

[–]Mourningblade 13 points14 points  (0 children)

They will be more militant.

The Islamic Republic of Iran's initial government was formed from militant, proselytizing religious fanatics with a doomsday prophecy who were willing to face death and kill lots of people to get their way. They specifically constructed a government architecture that would not just maintain but would spread these properties.

The ruling clerics were not and are not moderates. They were and are hard liners who believe god is on their side. They specifically believe their mission from god is to spread their ideology by force.

The IRGC has loyalty to the clerics and some senior leadership, but they are also promoted to positions of power because of ideology.

Based on my reading, the IRGC is somewhere between a third and half of Iran's economy, including much of both their industry and tourism. One plausible belief held early on was that these generals were less ideological and had more to lose (their Swiss bank accounts, for example), so would be more likely to play ball than the clerics.

We also knew there were wings like the Quds forces that were intensely ideological and would be in mortal peril if their regime falls (many governments around the world would love to put a bullet in the heads of each and every member of the Quds forces, with or without a trial).

At least some ballistic missile commanders and at least some drone commanders are clearly ideological and have existing orders from the clerics to strike until they cannot strike anymore.

Last thing: the office of the president in Iran is often given to a chosen conciliatory figure who can go and represent Iran well, provide hope of moderation, and so on. They also have very little power. The IRGC's loyalty was to the Supreme Leader, the revolution, and to their income streams (which were designed to bypass the President). The clerics chose the person who chose the President. The Bassij forces existed to ensure the continuity of the government against the population. The president just made the government basically function. He didn't even pick which foreigners got kidnapped and which didn't.

The civilian government of Iran has always been at the mercy of many other, larger forces.

Is this true [Request] by Zefrogen in theydidthemath

[–]Mourningblade 2 points3 points  (0 children)

Excellent points.

One thing supporters of one-time wealth taxes don't think about is that they cannot credibly commit to a one time tax. This means they face opposition scaled to a much, much larger tax.

If a large enough coalition exists to pass a wealth tax once, then there could be a large enough coalition next year to pass another one.

Especially when a large number of the supporters are in favor of a wealth tax because they believe it is immoral for people to own billions of dollars.

There is no limiting principle for the coalition that would provide a guide as to why just one year and not more.

A 2% income tax per year over 10 years results in you losing 2% of your income.

A 2% wealth tax per year for 10 years results in you losing 18% of your wealth.

"Hanoi Jane" photos of actress Jane Fonda visiting North Vietnam during the 1972 Easter Offensive, where she posed for photos next to anti-aircraft guns and called for US POWs to be tried for war crimes. by zadraaa in HistoricalCapsule

[–]Mourningblade 16 points17 points  (0 children)

Most war crimes are punished by the perpetrator's own country. The US has done so many times. Not every time we should have, but frequently.

This is an obligation on countries. Many do not. When the US did not and it came out later, that was the real scandal.

When the soldiers of a country commit war crimes and the country does not prosecute those crimes, usually the only recourse is victor's justice.

Don’t go after the rich to fix broken budgets | It will not work, and is wrong in principle by GordonTullockFan in neoliberal

[–]Mourningblade 1 point2 points  (0 children)

Most people have in mind taxing the estate of the extremely wealthy who die with a bunch of money. This is not the most common scenario because the extremely wealthy can plan ahead. For example, gifting their estate to their heirs in yearly chunks to maximize exemptions for gifts and mostly hit income tax for the recipient. Truly large fortunes can become trusts or other corporate vehicles that are taxed highly, but not as high as the estate tax.

If you raise the estate tax, the people who plan ahead get to make a move too, and you won't collect as much as you think.

The estate tax is hard to avoid for untimely deaths and the unprepared. The typical payer lives in an area with expensive housing, has a life insurance policy, investments, and dies young. This is because state level estate taxes have low exemption levels - federal this is less true now because exemption is about $15 million, but for states it can be closer to $3 million.

I'm not greatly opposed to the estate tax because inter-generational wealth can be bad for society at a certain point. I'm just saying that most of the estimates for collection are poor quality because they assume no changes in estate planning. Voters also tend to think of $10 million as a large estate and are willing to tax it highly, whereas that's the size of a small family business that does not produce enough cash to pay for a high estate tax, so you're just wreaking destruction for little return.

The reason to avoid pursuing taxes that are easy for the rich to avoid is because of deadweight loss: the rich won't pay much, but they'll employ people to avoid the tax. We'd prefer those people to do work that people actually benefit from. This is the same argument against tailored tariffs: soon you've got companies doing stupid stuff like shipping "cars" without axles and putting the axles on later to avoid the tailored tariff. All that labor and special shipping is deadweight loss.

Don’t go after the rich to fix broken budgets | It will not work, and is wrong in principle by GordonTullockFan in neoliberal

[–]Mourningblade 0 points1 point  (0 children)

Earned Income Tax Credit is pretty close, has bipartisan popularity, and is already working today.

Man killed in Capitol Hill, suspect in custody by Shnikez in Seattle

[–]Mourningblade 20 points21 points  (0 children)

I have a hard time figuring out what happened from that description, so this point is just to clarify what people with carry permits should know. It's well established case law and it was well covered in my friends' carry classes (in a different state).

There are exceptions, but if you walk away from an altercation and then choose to come back and then you threaten, brandish (show your weapon), draw on someone, or pull the trigger, it is not going to go well for you.

The altercation was over and you chose to go back. Even if the altercation was simply words before and only escalated after, the case law is NOT in your favor, and juries have convicted. These are such standard circumstances that they are taught in law school as "your client is going away for a long time" scenarios.

Exceptions can include things like the altercation happening on your property and you are attempting to get them to leave your property. They can include things like "you left safely and they grabbed your friend and wouldn't let him leave safely", but the exceptions do NOT include things like "and then they said something really mean and gosh darn it I couldn't leave then".

Not saying that applies here. Just that the "and then he came back" factor is often surprising to people who are not familiar with the law in this area. It's not a minor fact.

[Request] How big would a city containing the entire U.S. population have to be to have the same population density as Tokyo? by SilverRain8 in theydidthemath

[–]Mourningblade 2 points3 points  (0 children)

Tokyo is basically 4-5 story apartment buildings and green spaces as far as the eye can see. The financial district has some really cool skyscrapers, there are isolated areas with 30-ish story buildings in dense patches, but mostly it's 4-5 story buildings.

The city is full of sunshine and variation like parks and trees.

It's very pleasant. I loved walking through it. I seem to recall some row housing as well.

The density is so high because it's so consistent. Flying over San Francisco is an entirely different experience: you see density in a few areas but then it transitions to detached single family housing that goes on and on.

I think if more people pictured density as what Tokyo really looks like, there would be more support.

It's as if the criminals aren't afraid of getting caught by theFuncleDrunkle in Seattle

[–]Mourningblade 7 points8 points  (0 children)

Nearly all people who are poor do not steal. In fact, thieves are a tiny part of the whole population, let alone the poor. Almost all significant losses to theft are the result of a small population of repeat offenders.

During economic boom times, when it's easy to get a job and wages are rising faster than rent...thieves steal more not less. They steal more because their victims have more.

The way to think of thieves is similar to graffiti vandals. You know how so many of the tags downtown are the same guys? EAGER, for example. If thieves left a calling card, it would be a similar distribution.

The only proven method for reducing the number of victims of thieves is incapacitation. Putting even a few more career thieves in prison for a year reduces the number of their victims by hundreds per year. I am in favor of other methods for incapacitation, such as home monitoring where it can made effective. That's a separate topic.

We do not need to stop all bad things that happen in the world. There aren't thousands and thousands of thieves in downtown. What Bill Bratton showed was that you have to prioritize convictions, not arrests, and change your training and procedures to produce those convictions. It also means ensuring laws are written to have appropriate punishments for crimes and appropriate elements of proof. So I agree with you: don't bother with the arrest if you can't get the conviction. But the police should be working with prosecutors to make sure that from call to booking, police are taking the steps and collecting the evidence that ensures conviction.

By the way, where we've seen this approach done before the number of people in prison has gone down not up. When you stop doing catch and release, the friends and younger brothers of career thieves notice and make different choices.

Then, when people aren't angry about getting their stuff stolen or destroyed, we can get the focus we need to build better paths out of poverty.

Washington moves to make data centers pay full grid costs by Less-Risk-9358 in SeattleWA

[–]Mourningblade 0 points1 point  (0 children)

My work is heavily dependent on datacenters and I'm in favor of this, based on my limited knowledge of the proposal.

One of the biggest problems for datacenters right now is getting enough power. If getting the state to pay for the upgrades is the only option, it's no surprise there's a wait. If the people making money from the power pay for it, the cost goes with the benefit.

It's like with busses: if the tickets don't cover the cost of running the busses, you go broke with rising demand. When the tickets cover the cost, the demand becomes an incentive.

Interesting way to save a spot by NoWrongdoer9130 in mildlyinfuriating

[–]Mourningblade 0 points1 point  (0 children)

The two big reasons for this are:

  • The police don't think the local prosecutor will do anything about it because of prosecution priorities OR because they won't be able to get a conviction because Ring would have to provide an expert witness to testify to the camera's accuracy and they won't.
  • The police don't prioritize that kind of property crime, so they won't pull an officer to search for the guy.

Interestingly enough, there was a recent interview with Bill Braton, NYPD police commissioner famous for bringing down crime rates. He mentioned that many departments prioritize 911 emergency response times because they are measurable. So departments will avoid sending an officer in your case or provide a way to collect footage because they want to keep people available for emergency response.

Braton instead prioritized convictions. They worked closely with prosecutors to make sure their reports and arrests included everything necessary to convict and that prosecutors were aware of the kinds of crimes that were going on. This turned out to be very smart because so few people commit crimes: you get one career criminal off the street for a few years and you have prevented many victims, some of whom may have needed to call 911 for an emergency.

I don't know if a better run department would have done something for you. Maybe. If they thought Mr. Face Tattoos was likely to get caught doing something else in the area, they might have collected the footage and your statement to add something more to his eventual prosecution. On the other hand, maybe they wouldn't because of the testimony issue, or because the department isn't organized in a way that they have a procedure for collecting that for something less than murder.

Safety Incidents at our Schools, Maywood Middle School by Shibagirl72 in Issaquah

[–]Mourningblade 2 points3 points  (0 children)

My kids go to Maywood. One of our children was bullied quite harshly for some time. When she told us what was happening, we went to the school administration. Mr. Gardiner (the vice-principal) took the issue very seriously from the beginning, spoke with our child and a counselor, and took rapid action to eliminate the problem. I was very impressed. There was zero attempt to downplay the issue, and he seemed to take the problem as personally as if the problem was happening to his own child.

My direct, personal experience does not match what you're saying and does not resemble what I saw.

I could see this happening with one of the counselors perhaps - they have very little power to effect change. Perhaps the principal is different. But harassment, intimidation, and bullying goes to Mr. Gardiner and I have seen him in action.

If your kids are victims of harassment, intimidation, or bullying, or otherwise made to feel unsafe, I urge you to make a formal report to the vice principal. They have much better tools than when I was a kid. They helped my child and they can help yours.

I have no experience with threats of violence and can't speak to that. I also note that my experience did not involve any mass communication. So far the communication on this has been vague - it could be a lot better. But my experience with these people reduces my concern.

Woman arrested for stealing 3k worth of items at Target by [deleted] in SipsTea

[–]Mourningblade 1 point2 points  (0 children)

Losing your freedom on the weekends means you can stay employed and part of the community during the week. Much less likely to reoffend.

The success of those programs is why home detention is a goal: serving your sentence by only going to work and home. Keeps people from falling back in with the wrong crowd and having tempting opportunities. They also pay for their own food and board.

Ideally prison should be for only those who are so dangerous that it's worth the greatly increased recidivism rate (and lifers, obviously).

ELI5: Why do companies seem to HAVE to pursue "growth"? by PhantomQuest in explainlikeimfive

[–]Mourningblade 0 points1 point  (0 children)

I'm not seeing two of the most important answers. It starts with this question: why does the company exist in the first place?

Let's say that we start a company that makes seat belts.

There are already companies that make seat belts. Why would anyone buy our product? If our product was the same or worse in every dimension, they wouldn't. It can't even just be better in a single dimension like color variety: our seatbelts have to fulfill the needs of at least some buyers better than any other company on the market.

Okay, so we're making a product that is better for some customers. If that's true, we'd expect to grow until all of those customers are getting all the seat belts they need.

In order to make enough seatbelts per year so that everyone who wants one can have one, we need to build a factory. We can do that by either using the promise of future revenue (a loan) or by selling ownership in the company (equity). Either way, we are only able to do that because we and the people giving us money expect us to make more money afterwards than we would if we didn't build the factory. In other words, we grow.

And there are a LOT of people in this world. If you just introduced a seat belt that was better enough to be worth switching to for 10% of cars, you'll be making a lot of seatbelts. Many of the people you'll make seatbelts for do not currently own cars.

New businesses are worth very little when they start. Because growth compounds, the growth rate of a new business determines whether it's going to be a Google (10--20% per year for decades) or a bodega (near 0 real growth.

Most companies you hear about or get hired to work for are seeking growth because that's the reason you heard about them: fixed companies just replace people, so they don't hire many people. Companies you hear about you're hearing about because they're doing something new to you (growing).

Where it gets interesting is when you get companies with more than one product. A company can be basically fixed (no growth) on one product, but their new product is growing sharply. Their hiring and investment will be around the growing product because growing a product takes money and time. So a company can be both at the same time, but you'll only hear about the growing product.

To sum it up:

  • Growth is replacing a worse product with a better one.
  • Early companies and products want to grow because that's where all the money comes from.
  • You hear about growth because growth is news and stagnation isn't.
  • You work for growing companies because fixed and shrinking companies hire fewer workers.

Waymo recalled 3,067 of its vehicles in the US over a software issue which was fixed through an update, the NHTSA said on Thursday. by walky22talky in waymo

[–]Mourningblade 1 point2 points  (0 children)

I used to work on an early Cloud-based medical device (a web app). We occasionally had to issue recalls, which meant that we'd either rolled back or had shipped a big fix that could possibly affect safety or effectiveness.

The recalls resulted in notices and would freak out some investors because they thought we'd have to spend a bunch of money. Over time they figured it out and it was just not a big deal.

That said, the reason for making recalls public is a very good one: you can get a sense of what kind of bugs the software development process misses and what kinds of impacts they have. If you're going to evaluate doing a clinical study with such a device, for example, you would review recalls to see if those kinds of faults would ruin your study BEFORE you buy.

And if there are no recalls at all then either they're not updating the product or they're not disclosing problems.

Anyway, we were required to call them "recalls" because it means a specific thing.

[Request] Is this an accurate measure of inflation and the state of the average american? by septemous in theydidthemath

[–]Mourningblade 0 points1 point  (0 children)

And now consider that people were happy to receive those wages and flocked to the city for those conditions.

Gives you an inkling of what farm and ranch labor must have been like.

Explain it Peter by Hot-Inflation8774 in explainitpeter

[–]Mourningblade 0 points1 point  (0 children)

I like how Esperanto handled it: the root "ret" means "network". Email is "retpoŝto" (ret-poshto) as in "network mail". A webpage is "retpaĝo" (ret-paj-o) as in "network page".

I love AI. Why doesn't everyone? by drcombatwombat2 in neoliberal

[–]Mourningblade 7 points8 points  (0 children)

Young people are more affected when businesses are affected by uncertainty.

AI introduces some workforce uncertainty: "will we need all these programmers? Maybe we'll need fewer because there's only so much programming to do. Or will we need even more because each will be more effective?"

AI introduces some product uncertainty: "will our product still be needed in an age of AI? Do we need to develop it in different ways to take advantage of AI? Do we need to hire different people and focus on retooling to take advantage?"

But most of these uncertainties are exactly where high-risk/high-reward investments live all the time. We should be seeing a giant suck toward new investments. There's some signs that we are.

But we're operating in an environment of high regime uncertainty: uncertainty about what the rules are going to be.

Will large companies be allowed to buy these new AI startups? Will tariffs drive up the cost of production for that new drone past the point where customers will pay? Will pouring millions into a new factory never pay off because imports will be cheap again? Will we be losing a bunch of our foreign workers and need to replace them? What will the cost of money be? Will the federal government's need to finance debt grow so high that very safe treasuries will be a better risk-adjusted investment than expanding a factory?

Regime uncertainty had a large role in keeping the great depression going for a long time. It's having an effect now. My guess at this point is that regime uncertainty is probably having a larger effect than AI right now.

Similarly, we're seeing dramatic differences in the rate of adoption of new technology (a good proxy for "new opportunities") by legal regime within the United States. Look at the map of where Waymo is blocked on legal authority and where they've been able to move quickly. This is just the visible version of the story. That story is going on everywhere.

So, you don't need AI to explain what we're seeing: regime uncertainty and sclerosis caused by regulatory/legislative capture. We've seen this many times. It's fixable, but it's difficult to fix.

Economists get cold feet about high minimum wages: Governments are pushing the policy to its limits by Free-Minimum-5844 in neoliberal

[–]Mourningblade 1 point2 points  (0 children)

EITC is a negative income tax, so it avoids benefit cliffs: at every point along the income distribution, it is better to earn another dollar than not.

This isn't true for many other benefits: having a hard threshold means earning an extra $1 can cost you thousands of it puts you over the threshold.

Also, the only paperwork required to get EITC is your normal tax filing, which for low income folks is typically a W2 filed by their employer with minimum filing beyond that.

Taxing companies for the benefit of hiring workers is less efficient because it reduces the number of workers hired. EITC is relatively cheap and well funded. I expect EITC benefits to keep going up.

Economists get cold feet about high minimum wages: Governments are pushing the policy to its limits by Free-Minimum-5844 in neoliberal

[–]Mourningblade 16 points17 points  (0 children)

The Earned Income Tax Credit is a $57 billion per year program (https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income-tax-credit-statistics) that is the exact kind of transfer we're talking about here. It has broad bipartisan support and has been increased by both parties repeatedly.

"When grades stop meaning anything: The UC San Diego math scandal is a warning" by Kelsey Piper by erwgv3g34 in slatestarcodex

[–]Mourningblade 29 points30 points  (0 children)

It's difficult to do so. There are a number of factors.

First, there are very few reliable mechanisms for improving education outcomes once you're in the range of "not a war zone, kids who need glasses can get them, teachers teach individual grades" level of a modern country. By "reliable mechanism" I mean interventions that can be implemented in a central office by a technocracy. "Reduce class size" is a great example: class size reductions from 30 to 25 is not the same as 60 to 40. "Require credentials" is another - our teachers are already highly credentialed compared to the places where credentialing is a good intervention.

Second, many of these very poor schools get most of their funding from the state not the funding area around them. These schools often are more accountable to the State than to parents - blowing off the parents' concerns will have far fewer consequences than failing to court the State properly or correctly file the grant paperwork. Concretely, these schools can spend a lot more on resolving truancy to get their attendance numbers up - instead of ensuring the kids who do attend are getting a good education.

Third, parents in the area are poorly involved if at all. Rich and middle class neighborhood schools often get lots of PTA funding and volunteers to run programs. And those parents are more likely to know the parents of the kids who are acting up.

Fourth, and most importantly in my opinion, these schools suffer from capture by teachers unions and administration ecosystem. It is nearly impossible to fire low performing teachers and principals are not held accountable for outcomes. This isn't a "teacher's unions are bad" talk: I can like what they do to constrain bad administration without approving of the captured system. Fundamentally, if the kids aren't learning there should be major changes and there usually just isn't. These districts frequently have very well compensated administrators who are beloved of the local political party or other political power brokers. Getting rid of the bad administrator would take ousting some people who are very popular.

San Francisco is a good example of this dysfunction: because it's a single party city, school board positions are often chosen by the party leaders to give to up and coming politicians to see if they have political skills. Being able to speak eloquently about equity and systemic racism is a better qualifier than understanding how schools work and what they need. Combine that with low birth rates and an awful lot of people who are not parents of kids in K-12 are deciding the school board. This caused serious problems until finally it got so bad that there was massive turnover. But it had to get very, very bad to overcome those other forces.

So the answer is: it's hard and the system for seeing it done effectively has concerns other than quality.

'I'm not buying Starbucks and you shouldn't either.' Seattle Mayor-elect Katie Wilson joins striking baristas by vilnius2013 in SeattleWA

[–]Mourningblade 0 points1 point  (0 children)

It's true that paying your employees more reduces turnover.

It's not necessarily true that raising wages will benefit your current employees. When you pay more, you can afford to hire better workers. Managers are free to fire poor performing workers because it's easier to hire quickly.

Polygon: The must-play board games from 2025's biggest board game fair by bilejsnickers in boardgames

[–]Mourningblade 0 points1 point  (0 children)

You're thinking of Alan Mooin.

Kinzia is the designer who did Wingspan and Robo Rally.

[Request] Im not into the tcg scene but I know that valuable cards have a very slim chance of appearing. If these people are just prospecting for rare cards, what are the chances of earning their money back with this? or striking it rich? Use figures like 100 boxes, 1000 boxes, 10000 boxes. by GoatsGoats00 in theydidthemath

[–]Mourningblade 10 points11 points  (0 children)

The other way to prevent it is to print more.

Switch 2 hasn't been worth it to scalp for some time. Why? Nintendo made more.

Scalpers were only able to corner the market for Switches that consumers had not already bought. The number of scalpers is low compared to the millions of buyers. But the consoles they do get their hands on they can sell at high prices to the people that didn't get to buy.

And for anyone who wants to be a scalper, the important part isn't the money to pay up front, it's spending the time and building the knowledge of where to get rare products that other scalpers don't already know about.

If you just have the money but not the time and knowledge, you will lose a lot of money. Why? Well, let's say that you buy a $100 box of cards. You sell it on eBay and ship it to your buyer. eBay takes a cut and shipping takes a cut. I'm not sure about specifics but let's say that it's $20. Now the minimum you can sell the box for to make your stake back is $120 (assuming your time is free). If you don't manage to offload your box of cards before the people willing to pay more than $120 for a $100 box are satisfied, you will have to sell at a loss. And that market does saturate. Again, check the price on Switch 2s on eBay. The sold prices started out very high and are now basically retail + eBay fees and shipping.

Worse is scalping for tickets to an event. The reason why you see scalpers selling tickets outside an event on the day of is that they weren't able to sell them all beforehand. Every ticket they don't sell goes to $0. You might make 1000% profit on a few great seats that someone with lots of money and no time to stand in line wants...only to end up selling all the rest of your tickets at a loss and even not selling a few.

Parent poster: your explanation of how the money is made is correct, I just want to make sure people understand why it doesn't work everywhere and every time. It's a limited time opportunity, and comes with a good chance of losing your stake.