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this post was submitted on 16 Jun 2024
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Plus rich people can better afford quality stuff made in the USA.
Rich people have enough money that a small percent in price increase doesn’t affect them the way it affects a “normal” person. If you make millions vs 100k/yr combined income it does that the same.
It’s not about quality, it’s about what you’re being sold.
But right now the cheap stuff is made overseas like in Asia. The expanse stuff is built in Europe or the US. Tariffs would likely be harsher on Asia products. So expensive stuff might not get much more expensive at all. The cheap stuff would get much more expensive.
Meaning there'd be a bigger cost percentage increase for the people who already can't afford it. A double whammy.
That’s pretty much what I said.
Not what I understood from it but okay. I thought you were saying rich people are better able to absorb the cost increase. I was saying the cost increase would also be less for rich people.
That is what I said.
If you say so