What's annoying and nobody seems to grasp is that even if the tax was on the foreign producer instead of the domestic consumer, the end result would be the same thing. They wouldn't just eat the cost lol.
Leopards Ate My Face
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This becomes so obvious when the tariff is over 100%. The supplier is obviously not paying 125% of the sale price in taxes.
If an entire cult is too fucking stupid to recognize what’s hurting them, then how the fuck could tariffs be MAGA’s death knell like some people are saying? You could literally douse some of these people in gasoline and tell them, ‘I need you to burn for just a couple seconds for Trump,’ and they’d fucking do it.
I saw some asshole in an interview saying, “Sometimes you gotta walk through the fire first.”
Like…Yeah? Maybe. Just don’t start by lighting yourself the fuck on fire. 😕🔫
It took Nazis months in Stalingrad to realize Hitler didn't give a fuck about them. Shit, a lot of them probably died out there in the snow and ice thinking they were doing a great job for him.
tariffs can and will be the death knell if he comes back to those original rates.
No real effects from tariffs have happened yet across the board so the impact isn't truely felt. Even chinese imports don't have the tariffs yet because it's only goods that were on boats after it took effect.
We won't see the downstream impact of even 10% tariffs for months. It won't be until sales slump that people start getting fired and then sales will get even worse...
There have already been plenty of real effects from HitlerPig's tariffs, just not the financial ones. This latest tariff scam, the third one in three months, has eroded the confidence, respect, and trust of the entire world, and it will be YEARS before it returns, if ever.
Yes, but it takes time for people here to realize the effects of that.
Less travel to the US? Well we'll start seeing layoffs in holiday destinations... but probably not that hard, yet. As things continue to decline and prices increase it will get worse, and worse, and worse.
Most of this stuff takes time to ramp up is my point. We still haven't seen the effects of deporting hundreds of thousands to millions of immigrants in legal status before being arbitrarily revoked, and that will absolutely cause some major issues in all kinds of places. They were paying tens of billions of dollars in taxes per year based on 2022 data and getting no benefits from it. Even the immigration process is not free, you pay for all the workers who touch your case with all the fees involved. I know, my wife is living that. We're not talking about our lawyer either, literally the filing fees paid to the US.
People were all 'Dave portnoy is talking about losing money!'' Yeah well, if you look into it, he still 100% supports Trump.
I think I've finally seen Dave enough times before Portnoy to stop the "I've read he is a great drummer...I'm not a fan of prog rock at all...why is he being mentioned" repeat that was going on every time I read the name.
Not me, yet!
Is it surprising that the people who thought Mexico would pay for a border wall also don't understand how tariffs work?
You voted for it, you figure it out
What's to explain? You got lied to by a liar who says he never lies, and you believed him.
It's like complaining that you didn't realize the Leopard you elected would have spots, when he's ALWAYS had spots.
A tariff is a tax on foreign goods, paid by the consumer.
IT. IS. A TAX
Probably the whole reason behind it. A tax that your deeply tax-hating clientele is not recognizing. And also a regressive tax, that hurts poor people disproportionately harder then rich people, compared to taxes like income tax.
You can't explain it to them. Not even by using toy cars or gobstoppers.
"There's none so deaf as those who will not listen"
You can't even use Upton Sinclair's quote for these people: "It is difficult to get a man to understand something, when his salary depends on his not understanding it." They're not even getting a salary for supporting this shit bucket!
If he's 100% Trump, the Trump tariff is $100. Simple.
Tell him to buy $23 worth of $TRUMP coin or he'll be deported for ripping off his lord and saviour.
This is 39% of the voting population folks....
Big sad. :(
Easy, according to Republicans 2+2=5, therefore your regular bill of $100 is actually $177 now. It's not a surcharge, they're literally the same number so the math checks out. Just enjoy your life, have more kids, and don't worry too much about politics, Trump has you covered.
The PFP is giving wife beater vibes..
PFP? What does that stand for?
That profile picture looks EXACTLY like I picture those people... I hope this is a joke.
Do your research.
This is why I'm hesitant to believe the tariffs will be the death knell of MAGA.
It might be enough to get the idiots who voted for him because they don't understand how markets work and blamed Biden, but these committed idiots will look the truth in the face and spit in it's eye because it doesn't line up with what they've committed themselves to.
Maybe I'm pessimistic. We've got almost four full years and the one thing this idiot has been committed to where it comes to economics is tariffs, namely on the biggest producer of our shit and that's a long time to be paying a thousand dollars for a cellphone, but I have really lost faith in the ability of human beings to put narrow self interest over blind prejudice.
Is it ok that I want the all to outright die? I want them to decay slowly, like the living manure they are. They deserve nothing else.
You don't pay the import tax if you buy goods from within the country.
The goal seems to be to drive sales to American businesses with American goods. Until it's cheaper to buy American goods than it is to buy Chinese goods. Reversing the roles.
Yeah but you need to have some sort of industrial policy in place as well - to build infrastructure and subsidize onshoring. He's doing the opposite. He even cancelled the CHIPS Act, which was aimed at onshoring semiconductor production. No company is going to open manufacturing facilities in the US under this enormous economic volatility and without any government help to get started.
He's an abject fucking moron who, I'm convinced, is trying to reset wages and create a class of low paid wage slaves while funeling huge amounts of money to the wealthy. He's certainly going to cause stagflation and astronomical wealth inequality. If he succeeds fucking with interest rates he may cause hyperinflation. If the US loses global reserve currency status, they are proper fucked.
At this point, it can only end one way. Even if he's out of the picture, the damage he's done will last for a generation at least. He may have already torpedoed US economic superpower status.
That's the face value goal, if they were being honest and following classical economics. It's entirely moot when tariffs are put on goods that can't sufficiently be brought stateside.
For example, coffee and chocolate.
Yeah shifting production to the US is much more complicated than just making it more expensive to import things. Even when it's on goods that can be produced here, I'm skeptical that any of these tariffs will result in increased production here.
all you need to do is look at events like brexit, the companies just abandoned the UK and moved to europe. i suspect that will happen with some of the companies.
Of course you pay it - just not directly - because there is basically no good from "within the country" whose inputs are not affected by the tarrifs.
The idea that the US is suddenly gonna massively ramp up its production of coffee, electric machinery, shoes and other products that are produced by countries with a massive competetive advantage is just ridiculous.
https://youtube.com/shorts/GHHvAy7Jk5M
This is quite good. Sorry it's a short.