When it comes to tariffs Trump is as decisive as a squirrel crossing the street. I’ve given up trying to keep up with it all. He announces tariffs, delays tariffs, lowers tariffs. I’ve wondered if it’s not a ploy to increase spending to pump up GDP numbers. Big businesses may consider big purchases now if it could save them millions in the long run.
I swear these fucking assholes…
“The left”: Raise taxes on corporations!
MAGA: they’ll just pass the tax on to the consumer!!! Nooooo!!!
Trump/MAGA: Raise taxes on corporations through tarrifs!
MAGA: Why are WE paying for this!? The corporations should eat the cost!
I guess there is a difference between an increase in tax on profits, and an increase in tax on raw materiels.
If the tax can be directly attributed to the cost of making something and everyone is hit then same, then of course the tax cost will be passed onto the consumer.
If the tax was only on profits, and in a progressive way, then companies making too much money (ie exploiting) will get taxed more than those running a sensible companyExactly. The tax on profit is supposed to add an incentive to reinvest in the company. The tax on raw materials absolutely just gets passed on to the consumer :/
You’re being too reasonable.
I feel like discussions around tariffs are bizarre. I have read dozens of articles and comment sections and never see people bring up 2017.
Many companies passed the costs of the Trump tariffs on to consumers in the form of higher prices. Following impositions of the tariffs on Chinese goods, the prices of U.S. intermediate goods rose by 10% to 30%, an amount generally equivalent to the size of the tariffs.
A study published in fall 2019 in the Journal of Economic Perspectives found that by December 2018, Trump’s tariffs resulted in a reduction in aggregate U.S. real income of $1.4 billion per month in deadweight losses, and cost U.S. consumers an additional $3.2 billion per month in added tax.
It’s not like I don’t value expert opinions or appreciate a consensus. I’m just confused why when Trump says tariffs will bring back jobs, nobody points to 75,000 manufacturing jobs disappearing due to his first tariffs. Are the tariffs fundamentally different or something? That would explain why everyone ignores the first tariffs.
The problem is the Media, who not only don’t do their jobs, they don’t even know what their jobs are. They seem to think they exist to be a platform for MAGA to spew their nonsensical propaganda without challenge.
For instance, HitlerPig has been saying in EVERY interview that he has brought gas prices down to $1.98. That is an absolute lie, there is not a single place in America selling gas for $1.98, but not one journalist has pushed back on that - Where? Which state? Which oil company? If it’s $2 in some places, why isn’t it $2 everywhere?
That’s just one obvious one. When he and the El Salvador dictator were in the Oval office, both blaming the other for not being able to return the innocent deportee, not one journalist said ”EVERYBODY in the world who could make this decision is sitting in this room, literally next to each other. Why can’t you look at each other and commit to returning him, instead of just emptily blaming the other?”
When Ron Navarro was on Meet The Press the week following the revelation that the sole source for trade info in his books was an anagram of his own name, she never asked him about it a single time. It would have the ONLY thing I would have talked about.
I see it over and over and over. The media simply refuse to ask the hard-hitting questions about their self-serving deals or destructive policies. I constantly yell at journalists to ask specific questions, follow up on obvious bullshit answers, demand sources for lies, etc., but they don’t seem to hear me through the TV.
I can’t speak for everyone, but I can honestly say that I had no idea there was any tariff actions back in 2017.
Maybe I was just not paying attention, but it certainly is more front page news these days.
Some of the 1st term tariffs have been disasters. It destroyed soybean farming in America. HitlerPig had to give them a massive bailout, and it still hasn’t recovered.
Prices are going up everywhere. For anyone that pays attention to prices, there has been approximately a 30% increase on several products since November.
Well well well… if it aint the good old FAFO principle.
