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New York Retailers Lost $4.4 BILLION in 2022 Thanks to Organized Shoplifting Rings

AP Photo/Mark Lennihan
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$4.4 billion is a lot of money. A lot.

And that's what New York retailers lost in 2022 thanks to organized shoplifting rings.

That's lost wages. Lost benefits. Lost tax revenue. Shuttered stores. Lost jobs.

The New York Post writes:

Retailers across New York state say there’s no end in sight to the rising epidemic of organized shoplifting rings — and warn it could lead to more store closures, increased costs for consumers and threats of violence against store employees.

Store owners said they lost $4.4 billion last year as a result of retail theft — which they say adds to the urgency for Gov. Kathy Hochul to crack down.

However, Hochul vetoed a bipartisan bill last week — to the chagrin of store owners — that would have created a task force to combat organized theft.

Hochul rejected a proposal that would have created a 15-member panel made up of experts appointed by the governor, Legislature and the state attorney general that would have put together a list of recommendations to respond to retail theft.

The Retail Council of New York State, the Albany-based lobbying group which represents retailers statewide, said it was “extremely disappointed” by Hochul’s veto.

We don't need a panel to recommend how to address retail theft.

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Put the thieves in prison.

Problem solved.

The consequences are far reaching, but the Left never thinks about that. They're too busy virtue signaling and running cover for criminals.

Yes, they did.

And voters elected a lot of the people who pushed these policies.

They have their priorities, after all.

That which is rewarded is repeated.

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You can't appeal to the goodness of people who are determined to commit crimes.

Like we said, far reaching consequences.

And innocent people suffer.

But the governor and the politicians who put forth the policies causing this don't suffer the consequences, so they don't care.

Their stores don't close. They don't struggle to pay increased prices. They're not going to lose a job in retail when their store shutters due to theft.

They think it's just money and retailers can absorb these losses, or make insurance claims.

That's not how it works, though.

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And that'll impact the entire state.

The one job of the state is to protect the life and property of its citizens. It's not doing that.

What a novel concept!

Probably. Only the voters can change this.

***

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