• YangChow@lemm.ee
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    5 小时前

    Why not refund the taxpayers cost of tariffs from the tariffs collected? Tariffs are being broken out on invoices, file the tariff tax as deductions on 1040’s. It would be a wash for the taxpayers.

    • TheBloodFarts@lemmy.ca
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      3 小时前

      Well you see the problem here is that you’re using your brain and well we just can’t be having that

  • some_guy@lemmy.sdf.org
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    10 小时前

    I thought tariffs are a tax on other countries that they have to pay? And even if that’s wrong, it’s wrong for companies to raise prices when goods become more expensive. /s

  • Nocomment@reddthat.com
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    13 小时前

    Dear 47, tariffs are essentially sales taxes based on origin rather than point of sale. If a business has, lets say, a 2.5% profit margin they cannot “eat” tariffs larger than that because to do so would defeat the purpose of being in business (to make profit) in the first place, and said business would soon be bankrupt. I know you know what that is, having numerous failed business’ yourself.

    • Ledericas@lemm.ee
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      7 小时前

      casinos were done on purpose to launder russian money through his properties.

    • credo@lemmy.world
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      7 小时前

      tariffs are essentially sales taxes based on origin rather than point of sale.

      I’m guessing this will make sales taxes go up too. We are now paying taxes on the taxes.

    • arrakeen_urbanite@feddit.online
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      11 小时前

      I just looked earlier today at WalMart’s self- reported profit margin for FY 2024, and it was approximately 4.2%. I had much the same thought. Even if tariffs are only raised by 10% on their imported products, that has the potential to completely disappear their profits. I’m enough of a socialist-leaning person to need to point out this: The American conception of corporations only purpose being profit machines has only existed in its current form since he 1980s, and is not an absolute law of economics. However, I’m certain that Trump is only interested in making Trump look good.

  • Billiam@lemmy.world
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    14 小时前

    Walmart made BILLIONS OF DOLLARS last year, far more than expected.

    Under Joe Biden’s absolutely terrible, awful, most baddest saddest America-lastest economy?

  • satanmat@lemmy.world
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    16 小时前

    Wow. I used to think he just couldn’t stop lying about tariffs…

    But now I’m convinced he has NO idea what they are or how they work… NONE

    • Ledericas@lemm.ee
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      7 小时前

      he treats them like his court cases, he thinks tariffs are a way to bully people to do what you want. he has no idea the economic implications of it. also hes doing it as a behest to putin.

      • shittydwarf@sh.itjust.works
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        15 小时前

        “Donald Trump was the dumbest goddamn student I ever had.” - Professor William T. Kelley, Wharton School of Business and Finance

        • Ledericas@lemm.ee
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          7 小时前

          and his dad the equally reprehensible fred trump, had to donate a significant amount to get him into his “2nd rate school”

        • DogPeePoo@lemm.ee
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          9 小时前

          “This guy is a fucking Moron…”

          —Rex Tillerson, Trump’s handpicked (first) Secretary of State

      • Blackout@fedia.io
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        16 小时前

        Yeah everyone tries to convince me he’s smart and the ignorance is an act but I don’t buy it. He truly is mega dumb.

        • grte@lemmy.ca
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          15 小时前

          He’s an idiot-savant. A total moron with a special talent for self promotion. Which it turns out gets you very far in life (along with the head start one gets being born wealthy).

          • Alaik@lemmy.zip
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            15 小时前

            It’s really just the born wealthy. Your family is the biggest factor in success. That’s why so many rich fucks are dumb as posts, they’re born rich; they didn’t earn it, and they’ve never had to develop problem solving skills because they’ve never faced adversity.

            • Ledericas@lemm.ee
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              7 小时前

              hes also a very lazy rich person in the way he earns his money. he only does it by scamming which involves lying. if he had invested in a fund i think he would be close to 100bn richer.

              • Alaik@lemmy.zip
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                4 小时前

                Yeah Trump could have been richer if he just did passive investing. He was born with the bases loaded then bitches about the fact it wasn’t an automatic grand slam. We shouldn’t expect much from a guy who bankrupted both a casino and university.

                • Ledericas@lemm.ee
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                  4 小时前

                  someone said if he did an index fund he would be very close if not surpassed 100bn. instead hes always in debt, which made him pretty easy to manipulate by the russians.

          • ToadOfHypnosis@lemm.ee
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            14 小时前

            Self promotion is a lot easier with a super rich daddy opening all the doors for you from jump. Don’t forget he’s a hardcore nepo-baby.

            • Ledericas@lemm.ee
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              7 小时前

              not hard enough for him to get into ivy league school, he had to pay extra to get him into the next best school that would take him.

            • grte@lemmy.ca
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              14 小时前

              He developed a cult of personality around himself of significant size and used it to seize one of two pillars of political power in the USA, which then propelled him to power twice. Not smart as in “good for the world,” but pretty successful in the, “empowering and enriching oneself at the cost of the commons” sense.

              • Ledericas@lemm.ee
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                7 小时前

                yo

                he was smart enough to recognize his supporters were so dumb, they were easy to manipulate. trump, himself is a scamming, found the easiest people to scam, conservatives, its also why they love crypto.

    • givesomefucks@lemmy.world
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      16 小时前

      That’s the thing about spending 70 years lying and having someone else fire anyone that disagrees…

      You start believing it all.

      Same shit happened to Elon and loads of other rich people, they stop getting real feedback and understanding that they’re being lied to.

      The honestly believe their own bullshit, and they just don’t know how to react to the truth.

      We saw it with the interview about the ms13 tattoo, trump doesn’t even know how to argue anymore, he’s used to everyone just agreeing with him, so when they don’t his only argument is “why aren’t you saying what I want you to say, do you not understand what I want you to say?”

      Because that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear

      • LandedGentry@lemmy.zip
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        15 小时前

        that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear

        Sums up the online right and the futility of debating or arguing with them in any real fashion. This is the culture of JD Vance and Andrew Tate.

  • MolecularCactus1324@lemmy.world
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    15 小时前

    What the fuck do you think businesses are gonna do? Their costs went up. Planet Money podcast had an interview with a small business owner that had to pay the 145% tariff on her imports ordered before the tariffs went into effect. On a $30,000 shipment, that’s an extra $43,500. You think businesses are gonna keep prices the same and eat that? They will go bankrupt.

    • Mog_fanatic@lemmy.world
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      10 小时前

      This is one of the most glaring problems with tariffs. Companies raise their prices and the tariff becomes basically a tax on the people. But within that is hidden the fact that gigantic companies can often hold off on raising prices because they have the money to deal with it in the short term and the massive markets to pull in discounted prices from suppliers. The result is humongous businesses like Walmart keep their prices low through the tariffs while your mom and pop shop down the street has no choice but to raise prices or go out of business cause they don’t have the kind of margins bigger companies do. They raise their prices, everyone flocks to huge businesses like Walmart who kept their prices lower, then mom and pop close up shop cause they aren’t selling anything at the higher prices. Then Walmart can do whatever they want cause they just tagged tariffs into the ring and murdered the competition. Tariffs have their place but they largely suck ass in a multitude of ways.

  • TomMasz@lemmy.world
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    13 小时前

    If he’s supposed to be such a great businessman, why is he angry over this? This is exactly what a business does in a tariff situation. No business willingly reduces its margins, it just passes the costs onto the customer.

  • Coolbeanschilly@lemmy.ca
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    15 小时前

    Reality does not conform to dementia hallucinations. This is what happens when you vote for a geriatric cantaloupe.

    • Ænima@lemm.ee
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      11 小时前

      But cantaloupe are only orange on the inside. tRump is, as far as we know, only orange on the outside.

  • BigMacHole@lemm.ee
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    15 小时前

    The Waltons didn’t spend MILLIONS OF DOLLARS ELECTING TRUMP just so he’ll YELL at Them! MAYBE with a Couple More Million he’ll STOP IT!

    • Maeve@kbin.earth
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      15 小时前

      NGL, it’s hard to be mad at him for telling megacorporations to eat it. But it’s the workers who will suffer.

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        13 小时前

        Workers and the customers. Walmart does have a captive audience in some regions where they priced all local businesses out of competition and they’re often the cheapest option available for lower-income shoppers without much disposable income.

      • evenglow@lemmy.world
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        13 小时前

        The only reason Trump told corps to take the tariff loss is so that Trump and Republicans don’t.

        He created the problem and expects other people to take the blame. Standard operating procedure.