Is crime inflationary?
Businesses experience crime and need to make a claim on insurance.
Insurance needs proof.
Proof needs documentation.
City says, no documentation allowed without a fine (tax).Option 1: pay fine, insurance claims made, insurance prices increase, raise… t.co/gRnF63p6vf
— Neely (@NeelyTamminga) July 10, 2024
- Retail Theft Sting Operation: Over two days at four Sacramento Target stores, the Sacramento County Sheriff’s Office arrested 96 people for retail theft.
- Governor Gavin Newsom’s Encounter: Governor Gavin Newsom shared a story where he confronted a Target worker in the Sacramento area who didn’t stop a thief from stealing. Newsom emphasized that California has a high threshold for grand theft, with a value of $950.
The Sacramento City Attorney’s threat of fines relates to Target reporting “nuisance calls” related to retail theft incidents. The recent sting operation resulted in numerous arrests, but the value of stolen goods remains a concern. Governor Newsom’s experience highlights the challenges faced by retail workers in preventing theft within the legal threshold.
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