The Fed has long wanted to attack ebay and all online transactions not controlled by the government. They like the states are losing billions every year.
One day we'll talk about the old days when one could run a business for free on ebay.
I love online sales by the little guys and would hate to see them go but they will in the near future. Selling online will always be but in the future will be mostly big business.
But on the other hand, online selling is not all good. It, like Chinese imports, is killing our economy.
I buy lots of stuff directly out of China and many other countries. This is not good for local business and it's these small businesses who pay taxes and create jobs.
What we really need in this country is a policy similar to that China has. We need to make it illegal to import goods made here. Then we need to stop illegal immigration and bring the hammer down on welfare abuse. Add a total reform of our public school system with a return to discipline, respect, trades, and wow, we'd be a country once again.
Now, will any of this ever happen? Yes, it will when it's too late to matter.
So, I think I'll see what Ching Chaw Chan has in his auctions.