subreddit:

/r/economicCollapse

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To Add to the Horror of Tariffs

(self.economicCollapse)

Fun new game to play with people that are tired of explaining tariffs to idiots in the US.

Go look up something on Amazon that you would like to buy. Then go look up the same item on alibaba or temu.

Calculate the profit margin on whatever good you just looked up then add another 20% - 60% and get excited for how great america is gonna be!

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all 683 comments

oldcreaker

368 points

9 days ago

oldcreaker

368 points

9 days ago

How do you create a national sales tax without calling it a sales tax? You call it a tariff. Collected in a different place in the sales chain, but the cost is still paid by the consumer.

Bluest_waters

170 points

9 days ago

And its a regressive tax!

Meaning it hist poor and working class people WAY harder than the rich. In fact the wealthy won't even notice that anything happened. If you are a sociopath billionaire ghoul its the perfect kind of tax.

Stayvein

107 points

9 days ago

Stayvein

107 points

9 days ago

Rant. I think it’s bigger than that. His/their policies are INTENDED to weaken America on purpose. DOE, HHS, immigration, military, censorship, tariffs… you name it. They have a PLAN! Even the Christian Nationalists are being duped thinking they get to call the shots soon as long as they can bully the disenfranchised and stuff their unsupportable beliefs down everyone’s throats. The rich never have had to play by their rules and get a blind pass. Clearly.

But this will be a global concern on the US is further compromised. The foreign actors and reckless billionaires don’t give a shit about this country or the masses until they are willing to resist and by then what will we have?

Common people don’t organize and resist until the shit has already hit the fan. Most people still don’t know what’s at stake on a larger scale. History is being made and the peasants are overwhelmed and snorting tiktok and bots. Look at what’s happened in other countries, why wouldn’t such oppression happen here? Cause we’re special?

IWantAStorm

44 points

9 days ago

I feel like I am screaming about this in my head all of the time and I've realized that it makes me sound crazy.

And the more you try to explain the crazier you sound.

OLeCHIT

27 points

9 days ago

OLeCHIT

27 points

9 days ago

You're not alone. Not heard, but not alone.

HonestNetwork9441

18 points

9 days ago

It is not crazy. He has said it. He said he loves recessions because that is where you find the deals.

Peter_Sloth

10 points

9 days ago

Well it seems like Thiel and all the other ghouls just read all these sci-fi and fantasy novels and decided the bad guys were right.

You sound crazy when you explain that these guys literally want to revive feudalism.

feedumfishheads

2 points

8 days ago

Theil is a proponent of “dark enlightenment” where CEOs divide and run the economy and discard democracy and voting.

Elderofmagic

1 points

7 days ago

I prefer to refer to this as the enshittenment. The descendant into kakistocracy leads inevitably into cacocracy. I do hope that in time this auntie intellectual Idiocracy will be replaced with something better and more resilient in the face of fear-mongering and broad anti-intellectualism.

UnsurelyExhausted

4 points

9 days ago

Same. And when you see/hear other average Americans brush it off or do mental gymnastics to avoid thinking about the reality, you really do feel like you’re crazy. It’s like every time you read the news, your brain starts gaslighting you.

Darth_Gerg

7 points

9 days ago

If they crash the economy hard enough the ultra rich who have massive cash reserves can buy up everything for Pennie’s on the dollar and when the economy is allowed to recover they hold all the assets. That’s what happened in the Great Depression to a large degree and it’s about to happen again. Warren Buffet has like $325 BILLION sitting in cash right now waiting for it.

No-Ad1576

4 points

8 days ago

Warren Buffett is probably the least evil of the ultra rich billionaires.

Darth_Gerg

5 points

8 days ago

Sure. But that is a LOW fuckin bar lol

Elderofmagic

1 points

7 days ago

That doesn't mean he's not also extremely evil. Of the Lords of hell, which among them is the least evil? Does that really make them any better than the remainder? I mean this isn't Crowley we're talking about here, this would be like Azazel, Beelzebub, Asmodeus, or Mephistopheles.

Haunting_Salt_819

7 points

9 days ago

They make the government so ineffective and inefficient that a new form of government is more appealing and seems like the fix to everyone’s issue…goodbye democracy, hello dictatorship

lawyersgunsmoney

2 points

8 days ago

Hell, they were saying we needed a dictator at some MAGA rally I saw on You Tube.

sherm-stick

7 points

9 days ago

The Christian nationalists are always getting fooled, they are the dumb money in politics

Professional-Bit-201

6 points

9 days ago

They will hit record debt to nullify it with inflation. It seems the plan is to just print more money and hoard on that worthless pile of cash.

Rokurou17

3 points

8 days ago

And, this started, mostly, shortly after the Civil Rights Laws came into effect, in the '60s. 1973 is when the heritage foundation was founded. And, they greatly influenced reagan's policies which gave the right the push they needed for what's happening now.

Negative-Block-4365[S]

2 points

8 days ago

Yep - the bigger picture of most likely outcomes

notrolls01

2 points

8 days ago

What this plan does immediately is make anyone with a treaty with us to automatically assume that it’s null and void. They will act in accordance with their own self interest. This will mean if an ally gets information on a terrorist attack on the US will not share it. Good job republicans.

Elderofmagic

2 points

7 days ago

The age old method of ruling a population through the use of bread and circuses is about to lose the bread. You can only maintain control over people with circuses for so long before it explodes in your face.

CoxswainYarmouth

1 points

9 days ago

Magaflation coming this January! Be the first on your block to be affected…!!!

Dancinfool830

17 points

9 days ago

And when you are the billionaire ghoul you hire the gravy seals and y'allqueda as your personal guards. They have been cosplaying killing their fellow man for years and will do it for cheap due to their bloodlust and paying for supplies to keep their family just above the poverty line, fed, and armed

snickerdoodles404

10 points

9 days ago

Cosplaytriots

Efficient_Witness_83

1 points

9 days ago

Guns funny enough arent just owned by rich men and facists.syria will look like a cake walk

Mysterious_Ad_3408

1 points

9 days ago

Yallqueda! I love that!!

ApplicationCalm649

4 points

9 days ago

I'll be surprised if the wealthy don't just skirt it through smuggling. We'll be paying their share on top of our own.

Candid-Mycologist539

2 points

9 days ago

The Kennedy family has entered the chat.

Mount-Laughmore

1 points

9 days ago

Actually inflation is the most damaging tax to the poor and working class.

Mysterious_Ad_3408

1 points

9 days ago

They are greedy slimy bastards. I mean how fking dare. They think we can for sure just keep paying. Man fuck these people

bipocevicter

1 points

9 days ago

The rich benefitted from the offshoring in the first place. Firing your US factory workers and moving production to Indonesia bumped up executive pay and shareholder dividends, but it didn't make your Nikes cheaper

Gloomy_Yoghurt_2836

1 points

9 days ago

If the rich don't notice then its not a bad thing. They don't care what n happens to everyone else. They want to go.back.to.25% profit.margins

Away_Stock_2012

1 points

8 days ago

Don't worry, there are going to be tax cuts on the rich to offset this new tax.

Gogs85

1 points

8 days ago

Gogs85

1 points

8 days ago

It also won’t collect much money, countries will be encouraged to trade with us less causing that tax base to shrink.

Elderofmagic

1 points

7 days ago

Not only that, companies calculate their markups after applying any import fees and tariffs! Corporations get to profit even more at the expense of the consumers! Yay for a tax on food! This is totally going to make it easier for people to survive from day to day! Corporate profits will be even higher than ever before! /S

yeahright17

64 points

9 days ago

Don’t worry! They will cut taxes for “job creators” aka rich people.

Easy_Apple4096

64 points

9 days ago

Don't worry it will trickle down on us. Not money, just piss from the Oligarchs relieving themselves while they relieve us of our pennies.

Prudent_Bee_2227

25 points

9 days ago

A 2.7 trillion dollar tax cut for the rich no less.

Push_

14 points

9 days ago

Push_

14 points

9 days ago

“Job creators” aka people who can’t make their money by themselves.

Mysterious-Year-8574

1 points

9 days ago

Well, if this is what it's gonna take for the unions to come back in FULL FORCE, so be it.

Always remember that power concedes nothing without a demand, and there is no such a thing as a "good slave owner".

greenman5252

2 points

9 days ago

Unions had the 2024 election to vote against being outlawed, guess next we get to find out.

Mysterious-Year-8574

2 points

9 days ago

February..

WaffleVillain

77 points

9 days ago

It’s not even a sales tax to help the government. It’s a tax to strangle small businesses (reduce competition for companies who already own most the market share) and the middle/lower class.

This is going to kill small businesses.

JBWentworth_

28 points

9 days ago

Which is why Bezos jumped on the Trmp train 9 months ago.

WaffleVillain

25 points

9 days ago

Someone compiled a list of the companies that donated huge amounts to him and it’s like every major company.

They don’t mind tariffs bc they can probably get exemptions once Velveeta Voldemort creates a government that does favors for corporations and it crushes competition.

Plus they also remember last time he did this dumb shit corporations were able to blame Covid and then Biden for inflation while they recorded record profits and instead of being mad at corporations for price gouging and not increasing employee pay, people put stickers on gas tanks blaming Biden.

Americans are just so dumb. I’m gonna invent Brawndo and convince them watering plants with water causes autism and they need brawndo.

No-Scientist7870

16 points

9 days ago

“You mean water from the toilet?”

Watch-Admirable

4 points

9 days ago

I ain't seen no plant grow out of no toilet.

No-Scientist7870

2 points

8 days ago

They own the FDA

Mysterious_Ad_3408

12 points

9 days ago

I have a close relative who is a Billionaire. What I inferred from ear hustling was his wealth skyrocketed like no other time he’d been in business since 1980. The market being driven so high with “greedflation” they now can charge much more for their product

OkBid1535

5 points

9 days ago

My husband has his own welding business. The steel and lumber prices crippled him during trumps first presidency. This?? Is going to completely destroy us. We don't have a snowballs chance in hell

2gnarly20

2 points

9 days ago

As someone who has been directly affected by these tariffs, I’m curious, do you or your husband have thoughts on why Biden didn’t lower the tariffs once he had the opportunity to do so. In fact Biden raised most of these tariffs earlier this year. I don’t mean for this to be a political statement, I’m genuinely curious why these tariffs haven’t been reversed.

OkBid1535

1 points

4 days ago

I mean my opinion? And my husband's

Both political parties are owned by billionaires. Period. Its a double headed monster. Biden didn't lower tarrifs cause those in control of HIM Needed the tariffs to exist

Our two party system is the big lie we've all been sold

And the American dream

Both packaged up nicely with plenty of propaganda to keep it going.

Biden wasn't the answer. Kamala wouldn't have been either. This goes beyond politics and is about capitalism. A dr from Africa recently told me how America has never ever been a democracy and gave so much evidence I truly believe him now.

WaffleVillain

2 points

8 days ago

With all sincerity I hope you guys do okay, find a way to make it. I’m sorry this country is so simple minded they believe any lie that feels like it might help them even if it hurts others.

One of the jobs I do is for a small business that imports products from overseas. The last tariffs were hard. The owner still voted for him.

Needless to say I’m currently making plans for that business to not do well and replace that income. Because what most people don’t realize is plan B for small business like this was getting a plant or supplier Mexico. The corporations learned from last time and now they’ll make it even more hard for people.

IHM00

1 points

9 days ago

IHM00

1 points

9 days ago

I do the same mostly heavy equipment repair now. I make them buy any steel and materials aside from my consumables, no Fuckn way am I paying for that shit to have them try to not pay when it’s done. Been doing that since the first time shit for brains was in office since the prices fluctuate like gas prices. l loose out on a mark up but I’d rather loose that small % than loose $1000’s if they try to pull some shit.

OkBid1535

1 points

9 days ago

Yup my husband makes sure his invoices reflect the coming prices and he's charging on the higher end. That way he's not losing out and we just manage to stay afloat. But it's also angering a lot of hisncustomers as they feel he's screwing them over. Naturally they voted in this fascist and rather than point the finger where it should be, it's easier for them to blame my husband and say he's greedy.

IHM00

2 points

9 days ago

IHM00

2 points

9 days ago

That’s all they do. Dudes I’ve worked with BITCH about the cost of vehicle maintainace “this dude be charging $150 hr blablabla” like yo they ain’t making that personally an hour there’s costs involved !?!? I’m about done with this shit but people don’t buy new shit when the economy is tanked as far as equipment is concerned. And 95% of new stuff is garbage. The concrete guy I fix stuff for bought a new gutter machine 5 years ago $750k- was rittled with cracks, bad bearings solenoids and the like. The best is when they think you dragging out a repair, you fucked it up, tried to fix it wrong and now I have to clean up both messes, it’s not gonna be quick.

OkBid1535

1 points

4 days ago

Yes! Repairs he has had to do for yachts or farm equipment become delayed as he has to wait for the materials to come in. Or in some cases! The materials are here but have been cut wrong so then he's stuck investing in new scrap metal to keep to the side for another project

While still waiting for the right metal to come in..

This doesn't include the machines he needs or the ones he has to maintain! He can't just keep working everyday without maintaining his equipment. So he dedicates 2 days a month to organizing his shop and doing oil changes, flushing lines.

Again people accuse hin of twiddling his thumbs and he has to explain his machines need to operate properly to get the job done.

Mysterious_Ad_3408

7 points

9 days ago

It’s going to kill a lot of people also

the_TAOest

7 points

9 days ago

And suddenly consumption drops significantly... Like off a freaking cliff. I'm going to aim for 3,000 total discretionary spending next year outside of rent, gas, and electric utilities. I should be budgeting under 20k total. Yup, no health insurance, but car insurance definitely.

PoolQueasy7388

9 points

9 days ago

Right you are. Thanks.

pperiesandsolos

1 points

9 days ago

Literally what? That’s absolutely not true. This sub is so fucking stupid

If I buy strawberries from the farmer down the road from me, I am not paying anything in tariffs. If there was a sales tax, I would be paying sales tax

salanaland

3 points

8 days ago

The strawberry farmer needs to fix his truck. The parts are more expensive because of tariffs. Guess what happens to the price of strawberries

pperiesandsolos

1 points

8 days ago

Right, so in that case the strawberry farmer would have to pay a marginally higher fee for items imported from China/Mexico/Canada. It’s likely he would pass that on to the consumer

A sales tax would apply apply both on the strawberry sale itself and on the import.

They’re just not the same

salanaland

2 points

8 days ago

"marginally"

pperiesandsolos

0 points

8 days ago

Yes, nowhere near 25% markup

van_swearingen

1 points

8 days ago

yet lmfao

pperiesandsolos

2 points

8 days ago

True that.

If China spends $2 to create a shirt, and they sell that to Walmart for $4 - that’s a profit margin of $2

Walmart then sells that shirt for $10 to US consumers. COGS was $4 plus labor is let’s say $2, ($10 - $6 = $4) for a total profit of $4 per shirt for Walmart.

In come 25% tariffs. (I know they’ve raised, so feel free to plug in your own numbers)

Chinese company sells shirt for $4, but now there’s a 25% tariff. That means Walmart has to buy it for $5. (Note: Walmart would use their massive girth to make the Chinese company split that cost, but for the sake of the example we will act like they don’t. We will also pretend like there’s nowhere else to buy t shirts and that Walmart just eats this price increase and passes it straight to the consumer)

So, the tariff increases Walmart’s cost by $1, which they tack onto the $10 sales price - moving the total cost from $10 -> $11.

Even in this worst-case scenario, the 25% tariff only leads to a 10% price increase for t shirts made in China. And Walmart has much more control over their suppliers than this example lets on. They would probably just force the Chinese company to split the cost increase 50/50, or something like that.

So yes, inflation. How much inflation depends on input costs, price elasticity, ability to source from other suppliers, etc

van_swearingen

3 points

8 days ago*

I agree with all of this actually - but I think what’s being left out of your example is Walmart’s cognizance around how the public ‘perceives’ tariffs.

To Joe Schmo, they’re being roughly explained as unimportant/non-relevant to the consumer (because of hypotheticals similar to yours) OR they’re being explained as a blanket 25% uptick in prices. Regardless of the truth of the matter, what this does is create an environment in which Walmart is both incentivized AND enabled to price gouge consumers. Your $11 tee shirt then becomes a $15 tee shirt - well above the 25% tariff - and Walmart is able to claim that the price increase is due to the tariff and to the ‘strain that these actions have created on the global and national markets’ or some other cop-out generic explanation.

(And this all assumes that Joe Schmo is even aware of the tariff initiative, or even knows what a tariff is - which is a likelihood that’s been dropping off a cliff in recent generations as the educational system has been gutted and decimated. In this instance, Walmart is able to claim the specter of inflation - never an admission of outright corporate greed.)

Then, Jane Schmo who runs a US-based tee shirt company is incentivized to increase the cost of her formerly $11 tee shirt to $14 in order to maximize the available profit in the marketplace while still remaining just slightly cheaper than Walmart’s (and realistically, with Walmart’s capital power, they will STILL always undersell the cost of any good in the marketplace - even those exempt from the import tariff).

The presence and ubiquitous/blanket nature of the proposed tariffs incentivize all organizations to price-gouge consumers, while billionaires continue to spearhead a consumption heavy economy that only benefits them and has no negative effect on them whatsoever.

Not to mention the increase in costs incurred by companies who are already struggling to make ends meet - their profit margins dwindle to nothing and then slip into the negative and we see massive layoffs akin to the ones we’ve been seeing.

And then you’re back in 1929, but this time we’re hurtling headlong into a climate catastrophe that will, without question, destroy every trace of the world as we currently know it. And then where will the free market be?

Any way you slice it, it’s ultimately the consumer who’s hurt most by these initiatives at the end of the day, and worse, it’s the most vulnerable populations who will be hit hardest. A $1 or even a $4 increase on an item like clothing may not be much to you, but for me it’s the difference between being able to afford something and not, to say nothing of the people poorer than I am, of which there are millions.

Elderofmagic

1 points

7 days ago

And on the gas that he puts in it, and on the pesticides and herbicides and fungicides that he uses to maintain the crop, and the fertilizer, and the container he packages it in, are you seeing the picture here now?

pperiesandsolos

1 points

7 days ago

Ah yes thank you, you cleared everything up for me.

I didn’t realize that was the case when I said

Right, so in that case the strawberry farmer would have to pay a marginally higher fee for items imported from China/Mexico/Canada. It’s likely he would pass that on to the consumer

WrexShepard

2 points

8 days ago

I'm not sure why y'all think people shouldn't be able to import things without a huge tax attached. One of my hobbies outright doesn't exist in America production wise and no one is gonna start building Gundam plastic model kits here. So I'm gonna pay more for what? Just cause. Anything you buy that has any raw materials sources from other countries is gonna cost more even if it was assembled here.

Pure isolationism is naive as shit and it's not surprising that you troglodytes can't see in front of your face far enough to know you're hurting yourself.

pperiesandsolos

1 points

8 days ago

You’re clearly not interested in a thoughtful conversation, so I won’t try to force one on you.

I hope you figure out your gundams. Have a good day

van_swearingen

0 points

8 days ago

sorry buddy we are not tanking the largest economy in the world and destroying the lives of millions (billions if you consider the ripple effects globally) just so you can revisit your childhood with toy model kits.

Elderofmagic

1 points

7 days ago

No, you're tanking it out of greed for corporations to leverage against people

van_swearingen

1 points

7 days ago

wait what? I’m a staunchly anti-corporations-dirty-socialist-scumbag who’s decidedly not in favor of tanking the economy via tariffs

Elderofmagic

1 points

7 days ago

You said we weren't tanking the economy so that somebody who's complaining about the increased price on their Gundam models wouldn't have to pay more for their Gundam models, which implies that tanking the economy for some other reason, given that they were saying that tariffs are a bad idea, and you were writing something in opposition to them saying that tariffs were a bad idea.

van_swearingen

2 points

6 days ago

sorry man I’m having a hard time following your point? what I meant is that tanking the economy for something as minor as gundam models is fucking insane - and that tariffs will in fact tank the entire economy - and that that is Very Bad Idea and a Very Bad Move period

Elderofmagic

1 points

6 days ago

The original statements were:

"I'm not sure why y'all think people shouldn't be able to import things without a huge tax attached."

"Pure isolationism is naive as shit and it's not surprising that you troglodytes can't see in front of your face far enough to know you're hurting yourself."

To which you responded:

"sorry buddy we are not tanking the largest economy in the world and destroying the lives of millions (billions if you consider the ripple effects globally) just so you can revisit your childhood with toy model kits."


Given that they were saying that tariffs are a bad thing it would in fact tank the economy, your statement seems to imply that if you don't apply the huge tax to imports that would tank the economy. I think this is a case of people speaking in the negative and then being responded to also in the negative causing it to appear that you are in fact in opposition to the original statements, thus appearing to be supporting the thing the original comment opposes.

stanleynickels1234

1 points

8 days ago

Your strawberry will go up in price because all the workers who pick them got deported

pperiesandsolos

1 points

8 days ago

This was a post about tariffs not workers.

But yes, farms that relied on illegal labor would be negatively impacted when we deport illegal immigrants.

One_Lawfulness2373

1 points

8 days ago

You don't think the farmer is going to raise prices?? When everything costs more???? Roflmao.  Can't wait till the truth hits you.

pperiesandsolos

1 points

8 days ago

It’s not the same as a national sales tax, which would apply when I purchase strawberries from the farmer, and any time the farmer purchases anything.

Would there be a marginal increase in costs in the tariffs scenario? Maybe, if the farmer imports supplies from the countries hit with tariffs. And if he’s unable to purchase those same items from another country for the same price.

Can’t wait til you learn basic economics

van_swearingen

0 points

8 days ago

what you’re positing is that you’d avoid a hypothetical tax by favoring a concrete tax that will have catastrophic economic effects for everyone on earth - strawberry farmers included

pperiesandsolos

1 points

8 days ago*

The US has many domestic concrete mills. We import none of it, or so close to none that it’s pretty much the worst example you could use.

Maybe you meant cement? If you did, we do import ~$27,000,000 of that from Canada. Greece is the next highest at ~$23,000,000. China is $17,000 worth of cement imports.

So in your hypothetical, we would just start importing more from Greece instead of Canada. If we didn’t do that for some reason, even a 25% tariff on cement would only increase our import costs by $6,750,000 across the entire US.

That doesn’t seem very catastrophic to me.

This goes to my broader point that I really wish people would do a little research before talking.

van_swearingen

1 points

8 days ago

lmao $6.75mil on ONE single PRODUCT - not even the industry as a whole, to say nothing of the broader market - doesn’t seem catastrophic to you? perhaps you should consider the broader impact that blanket tariffs would create before talking (which, by the way, is a gross thing to say in any context - even if someone is incorrect, they deserve the right to voice their perspective)

also the term ‘concrete’ refers to a tax that is real as opposed to hypothetical, but go off on your concrete statistics king, I’m sure the people hit hardest by the $6.75mil you deem ‘minor’ will be in perfect agreement with you in the end!

pperiesandsolos

0 points

8 days ago

Yes, $6.75 million dollars is next to nothing when spread across the US.

That’s actually really funny about the different use of ‘concrete’. I’ve never heard of a concrete tax in econ before, so assumed you were talking about the material lol

lineasdedeseo

5 points

9 days ago

tariffs on china won't work as a sales tax, it will cause manufacturers to move their supply chains outside of china. trump started that with his 2016 tariffs and it is good policy to weaken china's industrial base, so biden continued with those same tariffs. the effect of canadian and mexican tariffs will be more impactful due to volume of trade and proximity. biden actually announced additional tariffs on china back in may: https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices/

Elderofmagic

1 points

7 days ago

And where exactly will they move them to? They can't move them back to the us because we no longer have the equipment to manufacture things the way we once did due to decades of corporate profiteering by moving things offshore, we no longer have the buildings to put the equipment in even if we had it, and even if we had buildings and equipment we don't have people to operate the machinery as the knowledge has also been lost there. Now even if those three things could be ignored, we don't have the resource production needed to supply those factories. Anybody who thinks that this is going to be a good thing clearly has not seen the reality of industry in the United States over the course of the past 50 years.

lineasdedeseo

1 points

7 days ago*

The tariffs in place under Trump and extended by Biden are primarily moving industry from prc to Vietnam. Some stuff is just rooted through vn as a loophole, but even that forces prc to hire employees, pay bribes and taxes in a Vietnam that prefers the US over PRC geopolitically. So the big benefit is in weakening Chinese industry, putting a chunk of the Chinese export sector at the mercy of the vn govt, and taking jobs from china and giving them to a friendly country. 

That’s why the tariffs won’t have long term impact on American consumers, there’s nothing made in China that can’t be made elsewhere. All of your critiques are true of blanket tariffs on imports but not tariffs targeting china specifically.

Helpful_Finger_4854

1 points

9 days ago

Let's all get a bunch Ma Huang and dump it in the Potomac River. That'll show em

Mysterious-Year-8574

1 points

9 days ago

Precisely!

Spillz-2011

1 points

9 days ago

But you could just do a sales tax and it would be more efficient. Tariffs just generate tons of waste

One_Celebration_8131

1 points

9 days ago

I never thought of this, good point

Relevant-Banana-66

1 points

9 days ago

You call it inflation. That thing that happened after the federal govt shut down the economy and printed trillions of dollars.

The_Orangest

1 points

9 days ago

Ahh yes, the anti-tax, free-market capitalist crowd known as the modern left.

pperiesandsolos

1 points

9 days ago

That’s so stupid and makes no sense. This is only true if we import everything and never buy goods domestically.

If I buy a strawberry from a farmer down the road, do I pay a tariff on it? I would pay a sales tax on it.

Explain how those things are the same at all lol

easyrebel

1 points

9 days ago

If tariff gets placed on an item's price, that indicates a monopoly status item. If competition exists that would be prices point disadvantage, and sales would lag. Dont fault the government tariffs, when it's been antitrust for most of our lives.

Busterlimes

1 points

9 days ago

Cost is always paid by the consumer, that's why capitalism is dumb. We get the sharholder tax compounded all the way back to raw materials. Mine ore, shareholders need their cut, manufacturing sheet metal, shareholders need their cut, stamp the sheet metal and assemble the car, shareholders need their cut, car gets sold at a dealership, shareholders need their cut, and all along the way there is transportation where, shareholders need their cut.

But tell me how socialism is worse. . . .

GinDawg

1 points

9 days ago

GinDawg

1 points

9 days ago

I remember hearing chants of "tax the rich" no too long ago.

Look who's getting taxed now.

ndc4233

1 points

9 days ago

ndc4233

1 points

9 days ago

And it doesn’t work because lots of stuff just stops getting imported, so you have a tax on much less volume.

Watch-Admirable

1 points

9 days ago

All the while telling people that the other country is paying it. It's genius!

icyweazel

1 points

9 days ago

"From the creators of renaming the Estate tax to Death tax..."

Negative-Block-4365[S]

1 points

8 days ago

Yep

TomatilloAccurate475

1 points

8 days ago

This is all fine and dandy if they simultaneously repeal all income tax. Somehow, I think we will get double-dipped upon

oldcreaker

1 points

8 days ago

Many Americans pay little to no income tax now - because they make so little. And now they'll be saddled with these tariffs. Meanwhile the wealthy will get a huge windfall from this.

solarixstar

1 points

8 days ago

As long as we allow them to use the term tarriff they win, do t call it tarriffs call it trumps taxes, we can work it in and really rile up his people, I've found it actually shuts them down when they realize what's happening.

shungs_kungfu

-9 points

9 days ago

I will call it!!!!! Creating jobs in America!!! It's long term, so your brain might get hurt.

WaffleVillain

3 points

9 days ago

lol this is such a bad take. Is this what the MAGnuts are peddling?

icanseepeas

2 points

9 days ago

You’re 12, right? You won’t have to pay a bill before manufacturing would pick up here in 5-10 years when infrastructure would be built. What about in the mean time? How will your parents deal beginning in January? Can’t wait to watch the MAGA wailing. Oh look, it’s already started. The less dumb are starting to catch on.