This is 39% of the voting population folks…
Big sad. :(
What’s to explain? You got lied to by a liar who says he never lies, and you believed him.
It’s like complaining that you didn’t realize the Leopard you elected would have spots, when he’s ALWAYS had spots.
Do your research.
Is it surprising that the people who thought Mexico would pay for a border wall also don’t understand how tariffs work?
You voted for it, you figure it out
What’s annoying and nobody seems to grasp is that even if the tax was on the foreign producer instead of the domestic consumer, the end result would be the same thing. They wouldn’t just eat the cost lol.
This becomes so obvious when the tariff is over 100%. The supplier is obviously not paying 125% of the sale price in taxes.
You don’t pay the import tax if you buy goods from within the country.
The goal seems to be to drive sales to American businesses with American goods. Until it’s cheaper to buy American goods than it is to buy Chinese goods. Reversing the roles.
Of course you pay it - just not directly - because there is basically no good from “within the country” whose inputs are not affected by the tarrifs.
The idea that the US is suddenly gonna massively ramp up its production of coffee, electric machinery, shoes and other products that are produced by countries with a massive competetive advantage is just ridiculous.
Also don’t forget greed!
There are going to be so many business raising their prices across the board (“you know, because of tariffs, we have no choice”), like the greedflation you saw during the worst of the pandemic (“supply lines! Everyone’s hurting”).
Some of it is genuinely to offset the cost of tariffs (fair), others will be trying to keep steady income levels in a cooling consumer economy (less fair), and yet others will be just an excuse to extract more profit from consumers (these are the bad guys).
Yeah but you need to have some sort of industrial policy in place as well - to build infrastructure and subsidize onshoring. He’s doing the opposite. He even cancelled the CHIPS Act, which was aimed at onshoring semiconductor production. No company is going to open manufacturing facilities in the US under this enormous economic volatility and without any government help to get started.
He’s an abject fucking moron who, I’m convinced, is trying to reset wages and create a class of low paid wage slaves while funeling huge amounts of money to the wealthy. He’s certainly going to cause stagflation and astronomical wealth inequality. If he succeeds fucking with interest rates he may cause hyperinflation. If the US loses global reserve currency status, they are proper fucked.
At this point, it can only end one way. Even if he’s out of the picture, the damage he’s done will last for a generation at least. He may have already torpedoed US economic superpower status.
That is the goal. But, he is also targeting countries that already put tariffs on things we ship to them. So, its also to try and put an end to that.
The reciprocal tarifs aren’t. He mostly calls trade deficits other countries changing us which it isnt and uses that to compute the rates.
Who knows what all is actually going on. So much of the news on every side is skewed.
EVERYONE except you knows what
I mean not really the white house released the math, you can verify each of the rates proposed and realize that yeah it’s not reciprocal tariffs, it’s literally making a tariff based on trade deficits and even where there are trade surpluses, i.e we sell more than we buy, he was still trying to put tariffs on those countries. It’s brain dead and does nothing but kill trade relationships and harm the economy. We do not have all the raw materials needed to produce everything in the US. Nor do we even have the capacity to manufacture everything in the US without the price of goods skyrocketing (not even talking about the time it would take to build up manufacturing facilities which just further deflates this whole ‘plan’) or the salaries of those workers falling so far below minimum wage the wealth gap would skyrocket past its already incomprehensible levels. There is one side using completely bad faith arguments and narratives with a group of people with so much cognitive dissonance that you could tell them trump said eating shit will make the economy better and they would eat it up in a heartbeat. Then you have another side just pointing out how completely brain dead these takes are but apparently there must be nuance and a global agenda to hide how eating shit makes the economy better. There is no “can’t see what’s going on” its just you willingly putting your head in the sand so you don’t have to realize how fucking stupid is to even have to argue about this.
That’s the face value goal, if they were being honest and following classical economics. It’s entirely moot when tariffs are put on goods that can’t sufficiently be brought stateside.
For example, coffee and chocolate.
Yeah shifting production to the US is much more complicated than just making it more expensive to import things. Even when it’s on goods that can be produced here, I’m skeptical that any of these tariffs will result in increased production here.
all you need to do is look at events like brexit, the companies just abandoned the UK and moved to europe. i suspect that will happen with some of the companies.
If an entire cult is too fucking stupid to recognize what’s hurting them, then how the fuck could tariffs be MAGA’s death knell like some people are saying? You could literally douse some of these people in gasoline and tell them, ‘I need you to burn for just a couple seconds for Trump,’ and they’d fucking do it.
I saw some asshole in an interview saying, “Sometimes you gotta walk through the fire first.”
Like…Yeah? Maybe. Just don’t start by lighting yourself the fuck on fire. 😕🔫
It took Nazis months in Stalingrad to realize Hitler didn’t give a fuck about them. Shit, a lot of them probably died out there in the snow and ice thinking they were doing a great job for him.
People were all ‘Dave portnoy is talking about losing money!’’ Yeah well, if you look into it, he still 100% supports Trump.
I think I’ve finally seen Dave enough times before Portnoy to stop the “I’ve read he is a great drummer…I’m not a fan of prog rock at all…why is he being mentioned” repeat that was going on every time I read the name.
Not me, yet!
tariffs can and will be the death knell if he comes back to those original rates.
No real effects from tariffs have happened yet across the board so the impact isn’t truely felt. Even chinese imports don’t have the tariffs yet because it’s only goods that were on boats after it took effect.
We won’t see the downstream impact of even 10% tariffs for months. It won’t be until sales slump that people start getting fired and then sales will get even worse…
There have already been plenty of real effects from HitlerPig’s tariffs, just not the financial ones. This latest tariff scam, the third one in three months, has eroded the confidence, respect, and trust of the entire world, and it will be YEARS before it returns, if ever.
Yes, but it takes time for people here to realize the effects of that.
Less travel to the US? Well we’ll start seeing layoffs in holiday destinations… but probably not that hard, yet. As things continue to decline and prices increase it will get worse, and worse, and worse.
Most of this stuff takes time to ramp up is my point. We still haven’t seen the effects of deporting hundreds of thousands to millions of immigrants in legal status before being arbitrarily revoked, and that will absolutely cause some major issues in all kinds of places. They were paying tens of billions of dollars in taxes per year based on 2022 data and getting no benefits from it. Even the immigration process is not free, you pay for all the workers who touch your case with all the fees involved. I know, my wife is living that. We’re not talking about our lawyer either, literally the filing fees paid to the US.
That profile picture looks EXACTLY like I picture those people… I hope this is a joke.
He looks completely normal. Don’t be an ass.
Every time I think the level of dumbness can’t get any lower someone like this guy appears and proves me wrong.
A tariff is a tax on foreign goods, paid by the consumer.
IT. IS. A TAX
Probably the whole reason behind it. A tax that your deeply tax-hating clientele is not recognizing. And also a regressive tax, that hurts poor people disproportionately harder then rich people, compared to taxes like income tax.
This is why I’m hesitant to believe the tariffs will be the death knell of MAGA.
It might be enough to get the idiots who voted for him because they don’t understand how markets work and blamed Biden, but these committed idiots will look the truth in the face and spit in it’s eye because it doesn’t line up with what they’ve committed themselves to.
Maybe I’m pessimistic. We’ve got almost four full years and the one thing this idiot has been committed to where it comes to economics is tariffs, namely on the biggest producer of our shit and that’s a long time to be paying a thousand dollars for a cellphone, but I have really lost faith in the ability of human beings to put narrow self interest over blind prejudice.
Is it ok that I want the all to outright die? I want them to decay slowly, like the living manure they are. They deserve nothing else.
https://youtube.com/shorts/GHHvAy7Jk5M
This is quite good. Sorry it’s a short.
That guy was really patient while explaining to the magat. I’m disappointed in it being a short, and accept your apology 100%. At the same time I’d like to say thank you for posting it. Just sent it on to a family member.
The clip was quasi sanitized by that scummy channel by not mentioning the original creator. If cult-members would google him they would not watch the short: his name is Walter Masterson and he did some, genius IMO, parodies on MAGA-ralleys and gained access as a speaker to events from groups like Moms for Liberty, I believe.
I think he did way more videos over the years than shown on the channel and I wonder if he got censored.
Tariffs are sales tax
Slight correction: Tariffs are an import tax.
If they’ve gotten this far while not understanding that then I don’t think they will understand that
Technically correct, but most Americans understand how sales taxes work, so calling a tariff a sales tax works as a metaphor to explain tariffs.
it’s not a sales tax, it’s a tax at import, It’s sort an inverse of a sales tax though. a “foreign purchase tax” if you will.
And it basically is a sales tax that’s paid by the importer when they purchase the goods. That’s generally how I explain it to people.
