The fact that they're sending this message now means they will use this as an excuse go raise the prices even higher than nessesary to increase their profit margin. If they really cared about consumers then they should have been yelling from the treetops BEFORE the election.
this post was submitted on 23 Nov 2024
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In the end, this glues China and Europe together to prepare the next disaster...
My new job came with a 10k sign on bonus and I just got the first half 3 months in. I have to pay the whole thing back if I leave within 2 years. I was planning on keeping all of it in high yield savings in case I need to slap it back down on the table and run, and best case scenario at the end I have a house downpayment.
Y'all. I got taxed more on this check than I made in working hours. I got the 5k bonus and 3k of working hours. I paid over 3k in taxes and didn't even net 5k this check. It was 4900 something.
I understand that I'm not "poor" anymore but I'm still paycheck to paycheck (I wound up just paying off some credit card debt; I'll get a loan if I need to run). More importantly I have a real job. I'm not some marketing desk jockey or a landlord or an MLM "entrepreneur," I'm an inpatient bedside nurse. I don't want to sound full of myself but how does Jeff Bezos not pay any taxes and I'm over here paying 37%???
Taxes are usually taken out using the monthly amount like a yearly amount. You'll probably get a lot of it back when you pay taxes for the year.
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Yeah, no shit. How the fuck do people think tariffs work?
They are also super easy to explain. It is a tax. That is increasing yet another tax - vat.
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In their minds, they literally think of them as some sort of "cover charge" that foreign manufacturers pay to get their goods into the US, and that they will do so gladly and neither seek other places to sell nor raise their prices. They think that these companies will eat the losses until they decide to build factories in the US, or they will simply wither away and American factories will sprout up like dandelions in a sidewalk.
The fact that all of it is completely wrong doesn't matter, because the people telling them otherwise don't have on a red hat and an ill-fitting suit.
If they knew how tariffs worked, fewer of them might have voted for the dumbass proposing to make things cheaper by raising them.
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Once again, corporate america will use this as an excuse to raise prices more than necessary, gouging the people and stuffing the pockets of CEOs.
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Trying to speak sense to Americans. You are in for a rude awakening. They will blame the high prices on space lasers.
And immigrants, "wokeism," and Obama, Joe Biden.
Oof. Dorian Gray just looked at the portrait.
Glad they said this after the election
/s
They don't give a shit that the customers will be paying more. In fact, if anything, they probably love the excuse to jack up prices further - or further cut their workforce to the bone, or whatever the latest fad in padding executive compensation packages is.
I'm sure they probably do - shit as Walmart is a depression in consumer spending is overall bad for them.
What are the customers going to do? Buy from someone else? Wal-Mart is already often the cheapest option around.
No but they'll buy less overall even from Walmart.
Buying less, but they'll be spending the same amount of money, barring rises in other expenses not directly related to tariffs (rent, utilities, etc). Their quality of life will simply go down. Wal-Mart doesn't care about that. We could all be medieval peasants for all they care.
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It's already often the only option around. So many small businesses like local supermarkets and hardware stores got closed down in small towns by Walmart moving in and now there's no alternative. I see it all over in central Indiana and Illinois.
Yup. I am the international buyer at my Made in America company. We pay the tariffs. We do not absorb them it gets added into the price. And when China is 50-75% lower than American made, another 30% tariff isn’t going to bring the business back here. I kept posting that on my Facebook for weeks before the election. No one listens.
Even worse, China has already begun moving their Chinese-owned production to Malaysia, circumventing the tariffs on Chinese imported finished goods.
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Everyone seems to be wringing hands about policy, but this is just another datapoint that propaganda won this election.
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