• @[email protected]
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    2 months ago

    Just more displaying that the rich, and particularly rich people like trump, live in the land of no consequences. They make demands that others pay for, never themselves, and when underlings defy them they become furious. Walmart CEOs are underlings, now.

    • @[email protected]
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      52 months ago

      I hope this more of a “don’t bite the hand that feeds you,” and Trump recieves SOME kind of consequence. He’s been a conman for years, and at some point, CEOs should be able to see that. Like, do they really think he has THEIR best interests in mind? We’re lucky he’s even accepting that one plane as a bribe, since I expected him to sell out for the price of a big mac with fries (no drink).

  • @[email protected]
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    322 months ago

    Why not refund the taxpayers cost of tariffs from the tariffs collected? Tariffs are being broken out on invoices, file the tariff tax as deductions on 1040’s. It would be a wash for the taxpayers.

    • @[email protected]
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      52 months ago

      That seems convoluted but also as stated it wouldn’t be a wash.

      A deduction means pretend that portion of income never existed and the taxable portion of it is not charged.

      Then generally the deduction has to be above the standard deduction to make sense to use, and the standard deduction is just so high nowadays.

      So if you claimed a hypothetical deduction of 1,000, then you reduce your tax burden by only 200 or so, assuming you otherwise had like 20 some odd thousand in deductions to get you close to the standard deduction.

      The only way it would be a wash is if it were a refundable tax credit with no qualifications, and that almost never happens for anything. I could imagine a non refundable credit that would make it a wash for anyone with sufficient tax liability.

      However, this would make the tariffs an utterly pointless needless complication, needing a whole lot more accounting by sellers and consumers just to get to a similar and simpler position of not doing the tariffs in the first place.

    • @[email protected]
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      22 months ago

      The goal seems to be replacing of federal income tax with import tariffs (like it was in the 1800s). The flat rate they set could collect as much as the income tax if import levels stay the same. Also, some of the stats shared by the administration early on on collections per day would multiply up to the total income tax collected. Writing them off would be counterproductive.

      The only downside with consumption taxes is that they are regressive. People in the lowest income levels will end up paying more percentage richer people because there is so much that rich people can consume from overseas vs poorer people.

    • @[email protected]
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      132 months ago

      Well you see the problem here is that you’re using your brain and well we just can’t be having that

  • @[email protected]
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    182 months ago

    And once the trade war is done, the prices will remain higher due to “record profits” and “people will continue to pay it because they have to”.

    • @[email protected]
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      2 months ago

      Certainly what we appear to have experienced in the UK, I’m sure it’s the same in other countries

      • @[email protected]
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        2 months ago

        Britain’s a bit different, as it’s caught in a perfect storm. It got a large amount of its energy from Russia, and the invasion hit just as Britain was also pouring massive investment into renewables and nuclear, which has to be paid for via energy bills. Add onto that the £40bn annual loss to the economy from Brexit and yeah, prices aren’t going down any time soon, but it isn’t necessarily because of profiteering. For example, rail freight operators have mothballed their electric fleet because the tariff per mile is so much higher than diesel at the moment. And they’re a business sector who can readily change from electricity.

    • @[email protected]
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      42 months ago

      100% This. Walmart is far from the “aw shucks” helping the common man image it wants to portray

  • @[email protected]
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    2822 months ago

    Wow. I used to think he just couldn’t stop lying about tariffs…

    But now I’m convinced he has NO idea what they are or how they work… NONE

    • @[email protected]
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      122 months ago

      I was convinced of that from the start. The language he used, I’m pretty sure he’s under the impression that the country you levy a tariff against is the one that pays it. Basically “make Mexico pay for the wall” part 2.

      • @[email protected]
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        22 months ago

        Yep. Somehow, someway; he got the impression that because "goods from China " get hit, that China pays to send it here…

        And as someone else posted; he’s surrounded by people who ONLY agree with him. None of his people are correcting him…

        We’re so boned

    • @[email protected]
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      522 months ago

      That’s the thing about spending 70 years lying and having someone else fire anyone that disagrees…

      You start believing it all.

      Same shit happened to Elon and loads of other rich people, they stop getting real feedback and understanding that they’re being lied to.

      The honestly believe their own bullshit, and they just don’t know how to react to the truth.

      We saw it with the interview about the ms13 tattoo, trump doesn’t even know how to argue anymore, he’s used to everyone just agreeing with him, so when they don’t his only argument is “why aren’t you saying what I want you to say, do you not understand what I want you to say?”

      Because that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear

      • Blackout
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        822 months ago

        Yeah everyone tries to convince me he’s smart and the ignorance is an act but I don’t buy it. He truly is mega dumb.

        • @[email protected]
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          632 months ago

          He’s an idiot-savant. A total moron with a special talent for self promotion. Which it turns out gets you very far in life (along with the head start one gets being born wealthy).

            • @[email protected]
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              2 months ago

              He developed a cult of personality around himself of significant size and used it to seize one of two pillars of political power in the USA, which then propelled him to power twice. Not smart as in “good for the world,” but pretty successful in the, “empowering and enriching oneself at the cost of the commons” sense.

              • @[email protected]
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                2 months ago

                yo

                he was smart enough to recognize his supporters were so dumb, they were easy to manipulate. trump, himself is a scamming, found the easiest people to scam, conservatives, its also why they love crypto.

                • @[email protected]
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                  32 months ago

                  And now he’s smart enough to see that he can just ignore rules and laws. If no one is willing to enforce them, they’re just for “losers and suckers”

          • @[email protected]
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            522 months ago

            It’s really just the born wealthy. Your family is the biggest factor in success. That’s why so many rich fucks are dumb as posts, they’re born rich; they didn’t earn it, and they’ve never had to develop problem solving skills because they’ve never faced adversity.

            • @[email protected]
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              72 months ago

              hes also a very lazy rich person in the way he earns his money. he only does it by scamming which involves lying. if he had invested in a fund i think he would be close to 100bn richer.

              • @[email protected]
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                42 months ago

                Yeah Trump could have been richer if he just did passive investing. He was born with the bases loaded then bitches about the fact it wasn’t an automatic grand slam. We shouldn’t expect much from a guy who bankrupted both a casino and university.

                • @[email protected]
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                  2 months ago

                  someone said if he did an index fund he would be very close if not surpassed 100bn. instead hes always in debt, which made him pretty easy to manipulate by the russians.

          • @[email protected]
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            172 months ago

            Self promotion is a lot easier with a super rich daddy opening all the doors for you from jump. Don’t forget he’s a hardcore nepo-baby.

            • @[email protected]
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              32 months ago

              not hard enough for him to get into ivy league school, he had to pay extra to get him into the next best school that would take him.

      • @[email protected]
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        1432 months ago

        “Donald Trump was the dumbest goddamn student I ever had.” - Professor William T. Kelley, Wharton School of Business and Finance

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          2 months ago

          “This guy is a fucking Moron…”

          —Rex Tillerson, Trump’s handpicked (first) Secretary of State

        • @[email protected]
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          2 months ago

          and his dad the equally reprehensible fred trump, had to donate a significant amount to get him into his “2nd rate school”

    • @[email protected]
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      162 months ago

      he treats them like his court cases, he thinks tariffs are a way to bully people to do what you want. he has no idea the economic implications of it. also hes doing it as a behest to putin.

      • @[email protected]
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        62 months ago

        I think he at least roughly understands the economic implications, he just doesn’t care. He’ll just crack to the rhetoric, blame everyone else for the problems, and assume his fan base will eat up every word and let him continue.

        Falling that, he just goes all in on ignoring elections and count upon the system to let him do that like it’s a woman with a pussy to grab.

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    112 months ago

    The American Lukashenko supporters are clueless about tariffs. Oh the fuck well, let them pay more for products in every single red run welfare Oblast in the USA. Like many have typed, those prices are not going to decrease.

  • @[email protected]
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    342 months ago

    The Waltons didn’t spend MILLIONS OF DOLLARS ELECTING TRUMP just so he’ll YELL at Them! MAYBE with a Couple More Million he’ll STOP IT!

    • Maeve
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      222 months ago

      NGL, it’s hard to be mad at him for telling megacorporations to eat it. But it’s the workers who will suffer.

      • @[email protected]
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        112 months ago

        The only reason Trump told corps to take the tariff loss is so that Trump and Republicans don’t.

        He created the problem and expects other people to take the blame. Standard operating procedure.

      • @[email protected]
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        112 months ago

        Workers and the customers. Walmart does have a captive audience in some regions where they priced all local businesses out of competition and they’re often the cheapest option available for lower-income shoppers without much disposable income.

    • @[email protected]
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      32 months ago

      fun fact, he is not aware when he shits own pants after he flies intoa rage. the producers in his relaity show later claimed he becomes a deer in head lights when it happens, and often they have a guy on the set to wipe him down like a baby.

      • @[email protected]
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        12 months ago

        i don’t understand what you’re trying to say. if he’s not aware when his shits himself, why would he ‘become a deer in head lights’ when it happens?

        (someone should go back thru old footage to find moments where he randomly just sits up and looks around - but i can’t imagine he could pass one without anyone around noticing… that would be like the actual smell of hell venting out)