Not only do US companies pay the tariff but they pass it on to their customers and other countries or on counter tarrifs on US products.
this post was submitted on 07 Nov 2024
1230 points (97.6% liked)
Microblog Memes
5713 readers
3869 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
This is what happened in the UK with Brexit.
This is definitely fake, but it's tremendously funny so I choose to believe it's real
Does anyone know if we are paying tariffs for face eating leopards? I can foresee high demand.
Drawbacks of living in a country where half the people are dumbshits. It's the new normal and we better get used to it. When you are out in public doing anything, look around. Roughly half the people you see are fucking idiots.
Half seems optimistic, especially because of how many people didn't bother to vote
The association of anally sourced statistics estimates the portion to be closer to 75%.
The New York Times - which has about as much credibility as the AASS - says it's 92.5%
I see you're also an AASS man!
Liberals enjoy that schadenfreude a little too much. They're the ones that are first to turn in their minority neighbours to protect their own status in society. They're the Reddit mods of society
So I feel like I'm probably missing something or am not understanding how Tariffs work.
Tariffs would increase the price of foreign goods and commodities and those increases would be passed on to consumers, but isn't the goal not to get more tax money for the government but to disincentivize the purchase of those foreign goods at all thus fueling domestic manufacturing and economy?
It seems like tariffs aren't great short term but if we have the ability to manufacture domestically and are not doing so due to costs, then it may be good in the longer term. Especially because if we rely on those countries now, they have control over those goods and can end them whenever they want. At least this way we can ramp up US manufacturing without a disruption to the existing supply chain, it just costs more.
Just read estimates his tariffs would cost the average household 7600 annually. I told my folks and they didn't understand why I thought it was funny. I told them they wanted this.
Does Trump not know what a tariff is? Or does he know, and he is deliberately misleading his followers?
He likely understands what a tariff is well enough. His problem is that he either doesn't understand the implications or chooses not to communicate that part to voters.
He understands tariffs in his terms - that "tariffs" is a useful word to trick people into doing what he wants. How tariffs work in the real world is irrelevant to him, the word gets him what he wants, and that's all he needs from tariffs.
except he "renegotiated" nafta and is now threatening mexico with tariffs. He's a childlike negotiator playing geopolitics backed by like 5 giant media conglomorates and silicon valley guys who reinvent busses and trains every 5 years.
The reality is the crypto people are going to stash their crypto as the economy tanks intent on living like millionaires. Then the big money will cash out and crash that market leaving all the small holders in the dust.
Trump understands tariffs, as far as they sound fancy and like a threat to foreigners, his followers understands it even less. Using fancy words make you sound authoritative. Trump's followers like authoritarian leaders.
In general, I say why assume malevolence when ignorance explains it as well... Trump is an exception to that rule.
Trump couldn't even spell tariff let alone define it.
It’s like Brexit, but in America.
I posted a meme last week before the election about a lot of my fellow Americans being depressingly ignorant and a bunch of people got pissed off about it.
I'm just saying...
Yeah, a lot has been said about why the 'Democrats' failed; sure they were/are imperfect.
Where are the articles bemoaning our stupid and/or mean citizens who have no curiosity and think being obstinate will work like a time machine? I'm frustrated to hell with apathy of my countrymen.
And the huge shift right by male GenZ people. Reading posts by them specifically today: they felt marginalized by democrats and ignored. They felt like Maga cared about them, and they could belong in the Republican party. And some of them simply wanted revenge and to feel powerful.
Now this isn't everyone, but I gotta say:
WTF are you doing thinking about feelings? And fitting in? Look at the damn effects your choice is going to make based on "feelings". That group is going to lose consumer protection, worker protection and safety, medical coverage, relief on college tuition, housing subsidies, debt relief, small business loans. What they gain is higher prices, worse infrastructure, and possibly the nastiest thing of al:l the direct path of their income going to the wealthiest people and perpetuating generational wealth for the very few.
Because they wanted to "feel" like they were seen and heard as men. You got played!
"Democrats" is too vague to be meaningful in this discussion. I do put a lot of blame on the DNC organization for deenergizing their base, but also the working class for not understanding basic economics and being taken by a carpet bagger.
load more comments
(2 replies)
Maybe it's because I took economics as far back as high school, but even just from reading high school history books I knew what a Tariff was. How the FUCK did they not know that?
I am also willing to bet that they will eventually blame the democrats for breaking the system, as they always do.
Maybe thr PA education system didn't include things like the great depression
One thing that fascinates me is that Trump's definition of tariffs seems more like the definition of kickbacks.
As he was (is?) a landlord, he may also think of it as seeking rent, like how malls get rent from the stores inside.
As a foreign asset, I think Trump is just actively performing a proxy war to drain the US of money, power, and resources for Russia. If you think he's going to be doing anything else - lol.
load more comments
(1 replies)
Or a tax?
Extracting rent can be seen as private taxation. He's not a "career politician", so I'm trying to understand how he'd see it from the private realm.
An entry fee, a toll, a tax, a rent - whatever. In the end, the cost will be added to the products going in. It's not a usual tariff, but the outcome is the same. Maybe he thinks that this trickery helps avoid problems with "free trade" conventions.
There’s a fair portion of people 21+ that have difficulty playing blackjack because they can’t add to 21. Last night I was asked by a grown man what 9+1+3 is.
You’d be surprised how incompetent some people are.
Holy shit. I never put this together.
Last time I was at a casino I kept asking myself: who honestly thinks any of this is a good idea, or thinks that any of these are "games" in the conventional sense? Now I know.
Edit: I have also been confronted with people that simply cannot do addition, period. It's wild.
Funny you should mention a casino. Remember when Donald Trump bankrupted multiple casinos? That is actually quite impressive given how often casinos attract people even during recessions as they get stressed and desperate.
load more comments
(1 replies)
Even if you're competent at arithmetic in school, those skills can definitely atrophy. I say this as someone who's unreasonably slow at basic arithmetic despite being an ex-mathlete; I got complacent because I've been learning and using graduate level maths, so I thought that would keep me from getting rusty. Nope — it turns out that basic arithmetic that you'd use in daily life is a different "muscle" to the kind of maths you use in academic research (which is obvious in hindsight)
I can't imagine how much I'd be struggling if I didn't have a good foundation to be starting from
You aren't alone. Historically before calculators were common, engineers and mathematicians would actually have books with basic arithmetic answers already done, or they would hire people (usually women) called 'computers' (no joke, that's what the term was used for before computers as we know it were invented) to do the basic calculations for mathematicians so they can focus on the more complicated stuff.
So even a highly talented mathematician from the 1910s and 1920s would still struggle as you do.
This is only tangentially related, but I'm reminded of a thing from Plato where he was complaining that communicating through writing was a bad way of doing philosophy. His concerns weren't just around communicating ideas between people; he was even opposed to writing as an introspective tool to help a person think through their ideas, or make notes to come back to.
"And so it is that you by reason of your tender regard for the writing that is your offspring have declared the very opposite of its true effect. If men learn this, it will implant forgetfulness in their souls. They will cease to exercise memory because they rely on that which is written, calling things to remembrance no longer from within themselves, but by means of external marks.”
- Plato, "Phaedrus" ^([citation needed])
It's interesting because I don't think he's necessarily wrong about the skill atrophy angle of it. It's just a question of to what extent we need those memory skills in the modern era.
load more comments
(1 replies)
I worked in customer service for 7 years. I am aware... so very aware...
To give you an idea, when I worked for Verizon mobile, it was a few times a week that I came across a client who did not know how to hang up their cellphone calls. No joke. It took such a while to get them off the hook it wasn't funny. And if you ask me why I wouldn't hang up on them, it was because Verizon had a strict no hang-up policy. You were not allowed to hang up on a client no matter what. It was grounds for immediate termination.
load more comments
(1 replies)
load more comments
(1 replies)
Sometimes in order to learn something is bad you need to experience it.
Like, say, from January 20, 2017 to January 20, 2021?
this looks truthy
view more: next ›