Rules:
Also feel free to check out [email protected] (also active).
Icon credit C. BrΓΌck on Wikimedia Commons.
God damn! This is so simple a third grade student can understand it. The US government has no authority to tax foreign governments, citizens or businesses. They can only tax American citizens and businesses. So Trump puts a 50% tariff (Import Tax) on tea from England. The tea costs $5.00. The person or corporation who imports it, pays the $5.00 cost plus the $2.50 tariff. The US government gets the $2.50. In this case, Trump and Musk are probably just stealing it.
Of course the employee is wrong, but the OOP isn't tackling the argument in a really productive way. There's an opportunity to meet the employee where they are.
People caught in the right wing noise machine always seem to understand that businesses pass on business taxes to the consumer. So, if other countries were paying the tariffs, why wouldn't they pass those costs on?
Hire smarter employees.
Those cost more, and with the tariffs I doubt he can afford it
Man, this isn't even "doing your research" it's just knowing what very basic words mean.
It's anti-intellectualism.
You don't need to understand any of it, you can just ask people who spend their lives researching this stuff.
I bet a coworker $20 that "tariff" and "tax" were synonyms. Motherfucker refused to pay up, calling merriam-webster.com, thesauraus.com, wikipedia etc. "fake news".
Isn't this the same debate as to how one country can (or cannot) force another country to pay for a random construction project that isn't in anyones interest (that wall)?
It's not like the concept is beyond (basically, 99.9+%) anyones cognitive abilities. It's just how ads (the science behind it is plentiful, it's a giant business sector) work on human brains.
Some people are just dumb. It doesn't help that our education system is designed to produce worker bees and not educated citizens.
Worker bees don't even get to have sex with the queen-president!! :'''(
Are the male bee drones the cabinet circle?
I don't understand how they think this works
A lot of them think that the country with the tarrifs levied against them needs to pay the country they are exporting to to sell the goods there like a "If you want to do business here" tax on the country exporting.
But in all honesty even if it did work that way, the exporting country would just jack the prices up to cover it. The end result for US citizens would be the same.
I think it actually can't work that way at all if he does that. Theoretically, it'll work upto 100% tarrifs but it's way worse.
Imagine mr T says 100% tarrifs on product X, that costs $20.
If consumers pay it then it just costs $40 and it's over. If the original country pays it then they have to pay $20 to sell $20 product, which is not profitable at all. But if they jack the price to $40, then they have to pay $40, again not profitable. So this system only works for smaller % tarrifs so that they can raise the price to cover that.
Suppose you have $2 profit (10%) on $20 item, and 20% ($4) tariffs. You can't pay more than your profit, so you increase the price from 20 to 26, now you have 30% ($8) profit, you pay 20% ($5) tarrifs and get total 10% profit. So you see with 20% tariff you get 30% increase in cost. So this would work worse than consumers directly paying 20% tariffs.
But in all honesty even if it did work that way, the exporting country would just jack the prices up to cover it. The end result for US citizens would be the same.
This. It doesn't matter whether the exporter or importer is payign the tariff, the result is the same - it increases the cost of goods, and that cost is going to get passed down the line, plus margin.
The OP is battling against what Faux Newz, Dipshit Donnie, and other right-wing propagandist shitrags are telling his employee, all which the employee takes as indesputable truth. If he can override that much brainwashing he can convince anyone of anything.
But the guys in OP, they don't turn on daddy Trump. It can't be that they were lied to, then they'd have to do something alien to them like introspection. No, it must be...an honest mistake? Honestly have no idea how they'd justify it internally.
How does the saying about selling a lie go?
Three liars makes a tiger
Well, a lie can be half around the world before the truth even has its boots on.
That's because the lie's boots have already been licked clean.
To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, thatβs great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
Half of it is built out of unicorn dust and human imagination.
Economics is applied psychology at scale hiding behind the idea of math and using "businesses" and "markets" to depersonalize their findings and play pretend at describing natural laws. All it's really describing is the behavior of people, and a wildly nonrepresentative subset of people at that.
For extra sad - what is economical is more intuitive bcs it's not just a human skill, it's a skill nature forces all species into in one way or the other.
'Economics' (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.
It's not that complicated that when a company with thin margins has to pay a tax, they have to pay it on to consumers.
Your finance department doesn't care about the difference between a more expensive part due to scarcity vs a more expensive part due to a tax.
Or, we can hold the fucking media accountable for telling blatant lies about the impacts of tariffs.
Fox News got around that by claiming they're entertainment, not news.
Ignorance is not an excuse. Fire all MAGAs for taxifs.
and every one of the millions who ~~were~~are just as dumb, will forget the lessons learned well before the next election and vote for it all over again.
nice of you to assume there's gonna be a NEXT election.
...next election?
You know, the one Trump wins with 106% of the totaled votes.
_portrait.jpg){kind=link}