Customers pay the tariffs. And then tax payers (customers) pay the tariff refunds that the corporations pocket because it’s too difficult to return it to the customers.
Trump’s tariffs resulted in a massive transfer of wealth from working people into the hands of millionaires and billionaire
Submitted 4 days ago by sanitation@lemmy.today to workreform@lemmy.world
https://lemmy.today/pictrs/image/f007f6e1-0427-4e04-a7aa-cf3192298e1b.png
Comments
someguy3@lemmy.world 4 days ago
Supamanc@sopuli.xyz 4 days ago
Don’t forget the interest on the debt acquired to make the repayment!
Viper_NZ@lemmy.nz 4 days ago
Difficult for cash sales maybe. Anything paid with a credit card should be dead easy.
Evil_Incarnate@sopuli.xyz 3 days ago
I think Cards against humanity are giving people their tariff back.
someguy3@lemmy.world 3 days ago
Well if I go to Walmart and pay by credit card, well in the old days they didn’t track what the individual bought, just the total. They probably don’t want to admit it if they do.
sartalon@lemmy.world 4 days ago
Oh and they are keeping the prices at the same rate as when they were paying tariffs!
Burn them all at the stake.
Tiger666@lemmy.ca 3 days ago
Prices never go down once they are up.
MystikIncarnate@lemmy.ca 3 days ago
This is the system working as designed. I’m not sure how anyone missed that.
And while tariffs were in place Amazon was passing on those savings, or lack thereof, to customers. So they mostly didn’t see any losses from paying the tariffs. Then they get refunded, and then it’s less that the government actually paid Amazon anything, they just gave them a reason to charge people extra in shipping, for no good reason.
Whether those costs were rendered in the shipping cost on Amazon, or by simply marking up the prices so that they could account for those extra costs, doesn’t really matter.
Consumers ended up paying this bill. The 650M “refund” was just the government exempting them from costs that the government should not have collected from them in the first place.
chiliedogg@lemmy.world 3 days ago
And note how prices didn’t plummet afterwards. It was a universal price hike on all Americans disguised as regulatory issue.
MystikIncarnate@lemmy.ca 3 days ago
They never do.
JackbyDev@programming.dev 3 days ago
This is why I hate “”“”“inflation”“”“”
BarneyPiccolo@lemmy.today 3 days ago
That’s the way it ALWAYS is. Some corporation does something terrible to consumers, and the government fines them a fraction of the profit from the terrible behavior, and then celebrates with a press release about how great they are.
Meanwhile the consumer is still screwed, the corporation still made a profit on their corruption, and the government got their beak wet.
When we take it back, these sorts of corporate fines should be much more onerous (minimum $1 billion per count), including confiscation of entire corporations and entire estates, and the money placed in the “America First Fund” (irony intended), to be the seed money for all the Social program we’re going to launch - health care, college/trade school, pre-K, student loan forgiveness, UBI, etc. Use these fines to directly help the people that were hurt by corporate misadventure: the Citizens.
“Fixing America on their dime, while punishing them for their crime” could be the program’s slogan.
mtpender@piefed.social 4 days ago
I’m pretty sure you guy’s fought a revolution over this…
D_C@sh.itjust.works 4 days ago
“Revolution? Nah, that takes effort and I’m not about to do that!! Next you’ll be wanting me to protest, or something. Pfffft. Plus we all know protesting is almost impossible in today’s age of instant communication…
Anyway. Listen. Listen. The midterms. We’ll totally destroy them in the midterms. You’ll see. After the midterms they’ll all be leaving the country, or be in prison. Just wait for the midterms, bro!!!”Sir_Premiumhengst@lemmy.world 3 days ago
Yes and, any effort to disenfranchise voters from voting is an effort in favor of the red Republican party who is actively doing gestures tiredly at everything
TranscendentalEmpire@lemmy.today 3 days ago
Not really, that’s just how it’s been portrayed over time. The American revolution wasn’t led by American workers, it was agitated by the founding American aristocracy who were angry that there was a higher power than them controlling how they made their money. Many of the founding fathers made their fortunes from smuggling operations.
It’s not like they abolished taxation or gave broad representation to average Americans. The American revolution was a revolution for the rich by the rich. It’s the reason why we have a bicameral Congress, where senators act as overseer over the decisions of the common people. It wasn’t until the 17th amendment passed in 1913 that senators actually started to be elected by the people.
Tollana1234567@lemmy.today 4 days ago
really? it was just over who cant keep slaves that was about it. and not something like top vs bottom(aristocrats vs “plebians”
ChexMax@lemmy.world 4 days ago
The civil war and the revolutionary war were different wars?
Sanctus@anarchist.nexus 4 days ago
Americans actually:
oT50VT1UyqdkxJS.jpgeestileib@sh.itjust.works 4 days ago
It only takes 30% of Americans in the right states to feel that way and the entire federal government is theirs.
The slave states lost the big armed showdown, but won the war
impairedimperator@lemmy.zip 4 days ago
I think the math works out that you only need 23% of the total vote to win an election? Number from a mostly remembered YouTube video a decade ago.
Assuming 50% plus 1 in the 40 least populated states and no votes at all in the 10 most populated states.
BarneyPiccolo@lemmy.today 3 days ago
The War isn’t over yet.
Wirlocke@lemmy.blahaj.zone 4 days ago
Considering he keeps “ending” the war on Iran to play with oil prices while he buys low sells high; makes me think the price gouging followed by tariff refunds was the real goal all along. Image
impairedimperator@lemmy.zip 4 days ago
Tariffs are just a roundabout way to implement flat tax. That’s why they talk about how tariff income will replace lost tax revenue.
Faaaaaaa@piefed.social 3 days ago
Yup we known this was the plan for over a year. https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/
Crankenstein@lemmy.world 3 days ago
Ding ding. We have a winner.
btsax@reddthat.com 3 days ago
“The Democrats caused this by not letting the tariffs go to reducing my income taxes”
-Future Americans
JackbyDev@programming.dev 3 days ago
What in the actual fuck. I hate this fucking administration.
rethnor@lemmy.zip 3 days ago
Your icon/avatar is so soothing and nostalgic!
ShutUpWesley@piefed.zip 4 days ago
In case your unaware, that was the plan the whole time.
Avicenna@programming.dev 3 days ago
Well amazon raised prices to cover the tariffs which means people paid it out of their pockets (even though Trumputan advertised as some sort of trade leverage). And now people’s tax money is likely being used to pay this refund too. Overall the net effect might be Americans paying more “tax” than the “communist Europe”. I also wonder if Trumputan’s family got some lucrative deals out of this because he was the one pushing the buttons.
Lushed_Lungfish@lemmy.ca 3 days ago
Are they though?
SoloCritical@lemmy.world 3 days ago
Spoiler: No
UltraGiGaGigantic@lemmy.ml 3 days ago
Man, you are gonna be PISSED when you learn how capitalism works.
dasrael@lemmy.zip 3 days ago
Sounds like business per usual for Americans.
melsaskca@lemmy.ca 3 days ago
This headline is well over a year old.
PotatoPie@lemmy.zip 3 days ago
Tried so many times to argue why revolution and resistance is right choice here but i’ve given up by now, it’s hard to feel angry or sad at this theft when it’s just normal
Tiger666@lemmy.ca 3 days ago
Maybe 5% of your population understands what you do about this massive wealth transfer.
Trump knows exactly what he is doing because he is being told how to do it.
This will not end until the US economy is destroyed or all workers become neo-serfs.
GreenKnight23@lemmy.world 3 days ago
sounds like I’m not properly represented by my government.
I wonder what happened last time this happened…
BradleyUffner@lemmy.world 3 days ago
Yesterday?
mangobanana@discuss.online 3 days ago
Duh, anybody with eyes could see that it going to be that way
plyth@feddit.org 4 days ago
How do they know? Not everybody gets the Washington Post.
echo@lemmy.today 4 days ago
un-possible!
upsidedown@lemmy.world 4 days ago
Are they realizing? Is the American left in a dialogue with Trumo voters to belp them parse this correctly?
davidagain@lemmy.world 3 days ago
What other reason could there possibly be?
corbindallas@fedinsfw.app 4 days ago
who tf gets their news fron a betting site? free advertising
Awooooooga@lemmy.world 4 days ago
Americans are not going to do anything about it lol.
bluefootedbooby@sopuli.xyz 4 days ago
What, are they supposed to NOT use Amazon, for starters? Are you actually insane? That’s no way to live where they cannot get their labubu delivered on the same day!
PlaidBaron@lemmy.world 3 days ago
I always said the Americans wont fight back until there are only 30 brands of cereal on the shelf to pick from.
As long as they have their comforts and false sense of superiority, they will grumble but ultimately accept their authoritarian regime.
cheers_queers@lemmy.zip 3 days ago
i have been boycotting amazon since that guy died of a heart attack and didnt get emergency services. what was that, over 5 years ago? and still more horror stories keep coming out, yet i am looked at weirdly and questioned about why i dont spend my money there. it is like living in the twilight zone.
BarneyPiccolo@lemmy.today 3 days ago
Say that after the Midterms.
Akasazh@lemmy.world 3 days ago
I hope the rigging attempts won’t be successful