All the headlines should read: "Americans have paid over $150B for the Trump tariffs, so far" or $441 per person (if you count every person in the country, $580 if you just count adults)
But think of all the tax cuts for the rich they can finance with that!
At this point they've run out of tax cuts and they're just going with subsidies (welfare) for the rich.
so far
Just half a year. End afaiu he isn't finished with tariffs yet. Would (or Will?) love to see the balance after one year.
I thought it was just July?
If I'm reading correctly July was a record month bringing the year total to 150B
Who benifits from the tariffs? Who pays the tariffs? Did it cost more than 150b to gain 150b?
Broad tariffs are basically a sales tax with many extra steps and massive inefficiencies.
Sales taxes are of course, regressive, they disproportionately harm the poor.
He and his cronies. Notice how the markets will always spike merely a few hours just before he announces them; certain people know ahead and will buy tons of stocks accordingly. It’s blatant market manipulation, done in plain sight.
These tariffs also gives him the illusion of power over other nations, which he craves most, like the bully he is.
The person or company who imports the goods pays the tariffs. The tariffs go to the US Treasury where they are mixed with other revenue like income tax. The government then spends that money on all of the usual stuff.
Just to add, the company importing those goods then increases prices to make up for the expense, passing the costs to consumers (Americans). I think that is an important note.
so, military and harassing citizens?
Unmarked vans, black sites, and plain clothes SS don't just grow on trees
(We also will not be spending any of that money on trees)
So, is there an incentive for the tariff payer to keep cost lower and not pass it on to consumer?
The buyer pays the tariff. There's always an incentive for buyers to keep costs low, tariff or not.
For sellers there might be an incentive to reduce prices under some circumstances:
Trump: I need money. I couldn't care less who will pay it. Can you suggest any other source of free money for my needs? No? Shut up and pay then.
Trump would say "could care less"
or I would assume so, anyways
You can't teach old Trump new covfefes.
The federal reserve could use the money printer.
Trump: On it! Just need to do something about that damn Powel guy.
Right, the party that thinks we can't have healthcare because the rich will make us pay for it suddenly thinks foreign countries will pay for our bullshit.
In 2016 he said that Mexico would pay for the wall and Americans believed it.
Yeah but it will all go to Billionaires in the form of shady government contracts. So trickle up economics.
The up-trickle billionaires are currently living with:
For all the bravado and fighting spirit Americans are supposed to have they are always ready to say "thank you sir can I have some more?" If the draconic tax increases come from white supremacists.
All that bravado has always been bullshit though. Going all the way back to the American Revolution, our history has always been about the rich and powerful letting the lower class die to achieve their goals. We were founded off the idea of serving the wealthy.
That comma is bearing the weight of a collapsed star.
It's ok because manufacturing has come back. According to some reich wing people I know..
Manufacturing lies is WAYYY up.
You mean to say that you've stolen $150B from working class Americans on the sorts of goods they can't live without, like groceries, home appliances, and the like? Good job!
Yay! We're winning!
I wonder who that's all going to
I know the guy who designed the wheel they spin when coming up with numbers for the masses.
Pat Sajak?
oh but he is going to get rid of income tax.......later.
It's from US you fucking dumb shit
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