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Next try telling him there's no God with an EKG. The same part of his brain will be activated, guaranteed. Not to dock religion. But US conservatism is a religious cult basically.
Or, we can hold the fucking media accountable for telling blatant lies about the impacts of tariffs.
Ignorance is not an excuse. Fire all MAGAs for taxifs.
Fox News got around that by claiming they're entertainment, not news.
The OP is battling against what Faux Newz, Dipshit Donnie, and other right-wing propagandist shitrags are telling his employee, all which the employee takes as indesputable truth. If he can override that much brainwashing he can convince anyone of anything.
But the guys in OP, they don't turn on daddy Trump. It can't be that they were lied to, then they'd have to do something alien to them like introspection. No, it must be...an honest mistake? Honestly have no idea how they'd justify it internally.
How does the saying about selling a lie go?
Well, a lie can be half around the world before the truth even has its boots on.
Three liars makes a tiger
and every one of the millions who ~~were~~are just as dumb, will forget the lessons learned well before the next election and vote for it all over again.
To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, that’s great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
For extra sad - what is economical is more intuitive bcs it's not just a human skill, it's a skill nature forces all species into in one way or the other.
'Economics' (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.
It's not that complicated that when a company with thin margins has to pay a tax, they have to pay it on to consumers.
Your finance department doesn't care about the difference between a more expensive part due to scarcity vs a more expensive part due to a tax.
Some people are just dumb. It doesn't help that our education system is designed to produce worker bees and not educated citizens.
I don't understand how they think this works
A lot of them think that the country with the tarrifs levied against them needs to pay the country they are exporting to to sell the goods there like a "If you want to do business here" tax on the country exporting.
But in all honesty even if it did work that way, the exporting country would just jack the prices up to cover it. The end result for US citizens would be the same.
I think it actually can't work that way at all if he does that. Theoretically, it'll work upto 100% tarrifs but it's way worse.
Imagine mr T says 100% tarrifs on product X, that costs $20.
If consumers pay it then it just costs $40 and it's over. If the original country pays it then they have to pay $20 to sell $20 product, which is not profitable at all. But if they jack the price to $40, then they have to pay $40, again not profitable. So this system only works for smaller % tarrifs so that they can raise the price to cover that.
Suppose you have $2 profit (10%) on $20 item, and 20% ($4) tariffs. You can't pay more than your profit, so you increase the price from 20 to 26, now you have 30% ($8) profit, you pay 20% ($5) tarrifs and get total 10% profit. So you see with 20% tariff you get 30% increase in cost. So this would work worse than consumers directly paying 20% tariffs.
You're right on the math front, what I'm saying is that the exporting company/country isnt going to take a loss to sell their goods.
The question is "How do they think it works?"
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