📈Is the correction over? What cards look attractive with an upside potential?📈

[Blazed]

Originally Posted by auctionjmm

Talk me through it. I'll give you two real life examples. I'm genuinely curious what regulations you would propose to meet the above goals that would still allow casual and business sellers to operate without drastically changing the economic landscape of the hobby.

Example 1: My card business is already registered with the state. I report local sales monthly for sales tax purposes and report my overall business sales annually for income tax purposes. I have a vendor's license to setup at card shows and this license also allows me to purchase inventory without sales tax. I mostly buy and sell singles and sets, but I will dabble in wax transactions when there is an opportunity to profit on sealed product. What additional regulations would you propose on someone like me that would prevent me from scamming, protect my customers, and ensure fair competition?

Example 2: My buddy is a true "casual" on eBay. He spends a few hundred a month on wax and break spots, keeps some cards for his PC and sells the rest either on eBay or takes them to a local shop. He loses money and doesn't consider himself a business so he knows if he skates below the 20k/200 threshold, he won't get a 1099. The government tried to lower those thresholds substantially and a lot of people lost their minds over it and said it would be ridiculous for the IRS to police small sellers like that. Supposing they went through it (which would mainly benefit the government), what additional regulations would you propose on someone like my friend to prevent him from scamming, protect his customers, and ensure fair competition?

I'm not asking you for a dissertation. Just a concise, common sense, explanation of how you would regulate the two examples above.

I was referring to regulations specific towards the consigners, auction houses and the card funding services and the huge conflicts of interest/lack of transparency currently going on between them and less towards eBay sellers (casual & small business) as basic regulations are already in place and work for the most part