1411
you are viewing a single comment's thread
view the rest of the comments
[-] ericbomb@lemmy.world 24 points 1 week ago

Some folks were a little late to figuring out what tariffs were okay!

[-] hydrospanner@lemmy.world 15 points 1 week ago

I feel like most people I have heard talking about them while supporting Trump seem to know that tariffs are taxes, but have no concept of how they play out in a real economic situation. Most fall into one or both of two camps:

A) Tariffs are taxes, but they're taxes for companies not individuals, and they're only applied to importing, so they won't affect me.

B) Tariffs are taxes for foreign companies, to level the playing field and keep American business competitive. Since the companies that have to pay it are foreign, it won't affect me.

Spoiler alert, guys: no matter where the tax is levied in the system, the consumer is the only person who ever pays for it, since they're the only ones that can't pass that cost on to anyone else.

Also, while this can make domestic competitors more competitive, it's important to remember two things: first, if it works, it's only working by making things more expensive for consumers, and second, this assumes that the domestic competitors want more business, have the ability and posture to increase their production to meet the new greater demand, and will operate in good faith. Much more likely is that they simply also increase their prices in reaction to the tariffs, so they're not producing or selling any more volume and aren't creating any jobs... they're just padding their profit margins at the corporate/shareholder level while doing nothing for their employees, all while having the average consumer foot the bill.

That's exactly what happened with the steel tariffs in the first Trump term and that's exactly what will happen now...the only difference is that this time it seems like there will be significantly fewer economic buffers between the tariff and the consumer, so more people will more directly feel the sting here...and presumably the mental gymnastics from the MAGAts will be even sadder in their attempts to somehow make it not a criticism of their orange leader's incompetence.

[-] Asafum@feddit.nl 5 points 1 week ago

Tariffs are taxes, but they’re taxes for companies not individuals, and they’re only applied to importing, so they won’t affect me.

Typical Magoo (literally my dad in 2016): "you can't tax business owners, they're going to just make everything more expensive for us! They pass on the burden to us!"

Also Magoo: "Yay tarrifs! They are a tax on business but that won't get passed on to me!"

The Magoo motto: Whatever words I need to use to suit my purpose I will use, to hell with reality.

[-] ericbomb@lemmy.world 2 points 1 week ago

"Surely the company that sells a product for $100 will keep selling the product for that price once tariffs mean that it costs a $125 to produce and import!" - crazy people.

[-] DrunkEngineer@lemmy.world 5 points 1 week ago
[-] ericbomb@lemmy.world 1 points 1 week ago

Wanna bet that the search trend spikes again when/if they come into affect?

this post was submitted on 12 Nov 2024
1411 points (99.2% liked)

Lemmy Shitpost

26840 readers
1707 users here now

Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!


Rules:

1. Be Respectful


Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.

...


2. No Illegal Content


Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means:

-No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)

...


3. No Spam


Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.

...


4. No Porn/ExplicitContent


-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.

...


5. No Enciting Harassment,Brigading, Doxxing or Witch Hunts


-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.

...


6. NSFW should be behind NSFW tags.


-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

...

If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.


Also check out:

Partnered Communities:

1.Memes

2.Lemmy Review

3.Mildly Infuriating

4.Lemmy Be Wholesome

5.No Stupid Questions

6.You Should Know

7.Comedy Heaven

8.Credible Defense

9.Ten Forward

10.LinuxMemes (Linux themed memes)


Reach out to

All communities included on the sidebar are to be made in compliance with the instance rules. Striker

founded 1 year ago
MODERATORS