Not only will the consumers never see a dime of any of the money if it's refunded, the companies aren't going to lower prices because you've already absorbed the price shock.
Right. Everything today is about softening you up. They say, we will kill you—and you panic—then they roll it back to just losing an arm, and you’re happy about it.
This is called "price anchoring" when used in business. They throw out an outrageously high number to start and then follow it up with something less to make it seem like a good deal when that was really the price they wanted all along.
Like a frog in boiling water.
No, that's the ratchet effect.
A frog boil is when you slowly raise the temperature so the frogs don't even realize they're being boiled.
An example of frog boiling is having national guard just roam around not doing anything. People are pissed out of principle, but they're not really doing anything for people to riot over. By the time they are, some people will be used to it already and not as pissed as if it was all at once.
Is that how frogs are cooked? Like a lobsters?
It’s a common myth that frogs will stay in boiling water if the water is heated slowly enough. They can sense heat and will most definitely attempt to escape.
Not if you put a lid on!
No, they’ll still attempt to escape.
The heavy lid of tariffs 😬
Yeah I feel like this was already expected or part of some master plan. The companies didn’t lose because they passed it on to the consumer and then they’re gonna get money on top of it.
Ianal, I really hope there is some sort of class action that can be done to force companies to pass that back to consumers.
It should be easy enough to pass through to all the electronic pay methods.
Or force markup items to all be put on massive sale until an equal amount has been sold to make up the sales at markup.
There are no perfect solutions, some people will still make out like bandits.
But jfc, just releasing billions to these companies will only benefit the C-Level and maybe some shareholders, the people already benefiting, not the ones feeling the pain.
A class action just passes the money from one elite class (corporations) to another (class action lawyers). Consumers will get a virtual prepaid debit card for $1.97 in 5 years that can’t be spent anywhere because it can’t be used online and it costs $5 to have them mail you a physical card
Should get out guillotines
100% this. Most I've ever seen out of a class action is somehwere between $5-$300. That's after you produce a mountain of receipts and paperwork. Only lawyers get rich.
It also gives trump an out from "tarrif checks" he was talking about.
Likely the reason they started talking about those, is anticipation that they may be overturned. Now his supporters will be mad the "deep state" took "their checks" that they were never gonna get.
See: the gas price jump in 2008-ish
That money should go to us because the business passed the price increases on to us!
The businesses will raise a lawsuit that the money is theirs and you will lose again.
And the prices won't go back down.
This exactly.
$200 billion / 330 million Americans = $606 each. More or less.
Around $6000 to my small business. I’m sure the Supreme Court will side with Trump though.
Small businesses, back of the line. Gotta make sure those billionaires don't lose out first.
Wouldn't bring back the small businesses that have already been killed anyway. My favorite coffee shop just closed, and my independent artisan friends are barely selling anything any more.
The Businesses didn't pay the tariffs, We did.
Was it not the end consumer who paid those tariffs?? Frankly, I'd rather it be given back to the business at least, but let's not pretend that they didn't extract it from their customers. End it so that other companies can't as easily gouge based on the idea of tariffs.
Yes, the business just collected it. However, it would also depend on whether they upped their prices to do so.
(they did)
Many (most?) did but not always like for like. This will have the double effect of making American manufacturing less attractive as your competitive edge due to tariffs could evaporate. It also means importers will pass it on straight away as it's clear to consumers that it's a government tax. Moreso as we go on. Previously, the uninformed thought the tariffs were not paid by consumers.
Was it not the end consumer who paid those tariffs?
It is whomever imported the item that pays. If you order directly from a tariffed country you pay. If American_Business_01 imports stuff they pay, they then either eat the tariff, raise their price to retailers and distribution (this is what is happening in the non-video game industry). Some businesses are raising MSRP and spreading the tariff between themselves, distribution, retailers, and consumers. Some companies are trying to dump it all on retailers by not raising msrp.
No worries , you have a supreme court good at ruling by vibe.
Republicans are so fucking stupid. They imposed a stupid tax on all of us.
When do Trump and the magats drink the poison koolaid? I’m getting impatient
He’s already spent it on bling from Kohl’s.
Yeah F that.
American consumers need to get the refund, not the corporations.
Those businesses will never see a goddamn cent
Cool. Can other countries sue for the damage it caused to their industries as well?
Don't worry, the supremes will make it all go away.
The money will go back to American businesses, which means American consumers. That means that's more proof that Americans are paying for the tariffs.
Not a single cent will go to American consumers. If the American companies win this lawsuit (and don't get me wrong, they should), they will keep the money and will not lower their prices even after the tariffs are removed.
Oh for sure, I'm just saying that the money going back to American businesses proves that this isn't hurting foreign companies and we're paying for the tariffs.
Thanks CNN. Now the Supreme Court justices know their asking price
Can you imagine having to refund ~6 months of US Imports? The paperwork alone would take years. Each entry would have to be re-verified with customs. Not to mention the staffing increase for CBP to process the refunds. I don't see SCOTUS not enforcing this.
Or else what?
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