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- cross-posted to:
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Unfortunately, this kind of ignorance comes from a weakening of our education system. It’s not just on them that this has happened, and its only going to get worse if we don’t try to stop it.
Hey, exactly! The fact that we are even allowing this nonsense is a true testimony to how extremely important education is! If you remain ignorant, you are more easily persuaded to believe anything because you aren’t taught what “bullshit” is, and have no real ability to think for yourself.
Education is freedom from ignorance.
And that’s why red states are slashing school budgets en masse and continue to have consistently terrible academic performance.
Don’t forget the propaganda.
This!!! I don’t actually expect our K thru 12 education system to inform the average people about macro-economic policy impacts. This is about being gullible, hearing what you want to hear, refusing to listen to opposing opinions with an open mind, and hero worship.
So if there’s anything to blame on our education system (and society culture at large) it’s a lack of critical thinking education and an excess of magical thinking education that emphasizes blind agreement with authority.
They don’t need to buy a year of stuff. They need to buy American. It’ll be more expensive, but people should not be cheap. We’re not appliances and Chinese people also aren’t appliances.
Who’s going to pay for all the expensive American stuff? Nobody, because they already barely afford the cheap Chinese stuff.
Well that’s because the money is going to China instead of back to Americans.
I mean, that sounds pretty reasonable. But can you list any countries with isolationist economic policy that are more prosperous than America? I can’t. How do you account for the loss of inflow of foreign money into America after America stops spending money elsewhere? You can’t.
Well that inflow is from what we’re selling, right? Not buying.
Also, Denmark? They seem alright. Correct me if I’m wrong about their policy.
Denmark just happens to have strong social programs, significantly better than the US has ever had. Free education, healthcare, employment benefits, and wealth distribution through taxes. Not comparable at all.
A hardcore leftist reposting a tweet with the user/source mysteriously cropped out? 'yall a bunch of deramged, crybaby tards.
To be honest, this kind of feels to me like the boss was just looking for an excuse to not have to pay workers.
I mean, he got it and it’s actually a good one. Uncertain finances tend to cut into bonuses of all types.
I mean the whole point is paying a tariff so American companies make the goods instead for less.
But if paying Chinese poverty wages and tariffs is still less than paying Americans to do it, then guess what they’re going to do?
It’s also dumb to just assume that foreign companies can just flip a switch and start building/assembling whatever they sell in America. You need facilities, you need to hire employees, you need to train employees. You can’t just pick up your factory, drop it in Kansas, and just slot people into the building to work it right away.
Also, unless your plan is to exclusively export to the US, then it’s less cost effective to open up new facilities in the US. You just raise prices and and have the consumers take the hit for the tariff. There’s also the problem of logistics for raw materials for whatever products your manufacturing. Those also tend to cost more to acquire stateside.
The worst part is that policy is only a single bullet in the policy foot gun Trump has loaded. It gets even more expensive when the low cost labor is suddenly deported and/or put in camps. Which I realize isn’t even the worst thing about the immigration policy, but just pointing out that it too has consequences to these same people.
What do you mean my car is now valued for so much less? Well see all the parts are all manufactured overseas, so we have to pay tariffs to acquire the parts and they cost much more. Higher repair costs, lower value. Also, your car insurance just went up.
Repairs on any products you currently own, more expensive.
Don’t worry, in 10 years these prices will stabilize and we’ll still have 8 dollar an hour minimum wage, but a new car only cost 80,000 starting. Well that’s MSRP, Desantis banned direct sales of ICE cars without going through a dealership, so they need their cut.
We were going to subsidize vegetable based meat substitutes to drive the cost of food down, but instead we decided we should ban lab grown meats from existence, and not subsidize the vegatable based meat because if I I don’t know if I’ll like it, NO ONE else is allowed to try it!
Welcome to America, home of our grave
This tells me the information pipe to voters is broken, and hacked.
People live in their own social media realities. There has always been ignorance, but it’s never been so widely personalized. And Trump and the GoP played it like a fiddle.
And just watch, the Dems are going to learn precisely nothing from this and campaign like it’s the 1950s again, thinking policy was their problem.
The sheer stupidity of the dems is kinda astonishing. The reason why Obama won is because he had a goddamn narrative. Yes we can! Change you can believe in! It’s almost like they were onto something… then they did nothing.
Dems learned nothing and are all out of ideas!
Some companies have already said they’re going to pass the extra cost onto consumers, so while the companies will pay more, they’ll make a lot of that back from the consumers that can still afford the products.
Electronics will probably be the hardest hit, with prices of cell phones, laptops, and game consoles increasing quite a bit.
Good thing I got a new computer now. They’ll just blame democrats (who do have a lot to blame for not countering the bullshit of the Republicans over the past 45 years) for it and insist that the tariffs would have brought prices down if they were done without democratic interference…
They’ll absolutely blame Biden. Their god emperor is incapable of doing anything wrong.
It’s like in 1984 where the Party blames all problems on Emmanuel Goldstein, and even if he was dead or long dead it was all the machinations that he put into place that is causing all their issues.
Good. Hope it hurts.
It will.
Unfortunately, it will also hurt those who wanted nothing to do with Trump’s lies.
Everyone, except the rich, will suffer. Thanks for voting! /s
I am a hollow shell of a man, emptied of all but schadenfreude. If we’re all going to suffer, I find peace in the fact that they’ll suffer alongside me.
I have been made into that which I hated most and now I don’t even have the energy to fight it anymore.
Trump’s Tariffs are BIDENS FAULT! And they’ll STILL be Biden’s Fault EVERY TIME I vote for the man who LITERALLY campaigned on creating these Tariffs!
“you won’t have to vote anymore” --the diaper, july 2024
Roleplayers be like
I don’t know if this post is true or not. However, a lot of people don’t know history, civics, & economics. (This is the result of the Reagan & Bushes dismantling of the education system.) I’ve told a lot of people to look up the Smoot-Hawley Tariff Act of 1930 and the impact it had on our and the global economy. Tariffs will start a trade war. That’s what happened to our farmers the last time Trump was in office. He ended up having to bail out farmers which cost more than the tariff brought into the government. The Chinese simply bought their soy beans from other countries instead of paying for ours. There were a lot of farmers that lost their farms then.
I have been told many times to feel bad for those farmers, that they aren’t idiots, etc.
I thought I ran of fucks for them but a few more just flew out like butterflies from a dusty chest.
I hope ever single one that put up those massive Trump signs loses their family farms to big corporations.
We need fewer corporate farms, which are dirty as fuck now let alone after they gut the USDA. I hope that they lose their family farm to two gay dudes from Vermont who got really into organic gardening and decided to cash in their b&b for corgis to start growing high quality produce right here in America’s heartland.
I’m sure the corporate farmers were happy to buy up that land and cut the trump admin a nice check for the convenience.
Waitaminute…since when can tariffs eat my face??
Sorry not sorry.
Is the owner of the company purchasing a year’s worth in order to keep the price they charge down, or in order to raise prices in February when their customers expect it because of the new tariffs, and pocket the difference? While having avoided paying bonuses?
if anything like it happens in Turkey, most businesses will buy early, stockpile goods as prices keep increasing (increased effect of tariffs + shortage of goods in market) and release them to the market for a hefty profit
That’s the thing though, most customers don’t expect the price increase because they’re fucking idiots who believes tariffs are good for the economy.
Without having more detail I can’t speak with certainty, but, general principles of inventory management and cash flow discourage having a surplus of stock, as that ties up a significant amount of working capital in the costs of storing and handling it all - you risk not being able to pay your liabilities because you’ve sunk all your funds into inventory that hasn’t yet sold and generated more revenue.
Companies often have longer term contracts with specific prices agreed that can’t always be easily changed. Those contacts could quite easily become unprofitable if there are sudden increases to the direct costs of fulfilling them. So, rather than trying to fuck customers, this company is likely trying to stock-up at current market prices to ride-out the first year of tariffs, but in doing so, needs a large injection of working capital to cover the expenditure (hence cancelling bonuses), and also puts itself in a very vulnerable position where cash flow is concerned by tying up that capital in inventory - any further sudden and unexpected costs could lead to the business folding.
But that’s not even the point of this. It’s not the company is greedy or not, it’s this administration is causing this.
Oh I know. I was just trying to shed a bit of light on whether this company’s decision was an attempt to take advantage and screw people over, or a genuine survival measure.
The root cause is ultimately the tariffs that will be imposed by the US government.
In reality the decision will be more nuanced, and this company will likely raise prices wherever it can whilst also securing long-term stock at current prices to both avoid the tariffs and increase margins to recover the capital quicker.
But yeah. It’s all down to the government’s tariffs.
Yeah, this seems like those redhats need a union.
But that’s socialism!
Them: Make America Great Again!
So, like the 1950s?
Them: Yeah!
When corporate tax rates and union membership were much higher?
Them: Not like that!
they’ll pocket the difference, jack up prices, refuse bonuses next year, business slows, lay off half the staff, buy material on credit–maybe siphoning some of that off, bonuses are now a distant memory, jack prices up again. business slows to a crawl, lay off more. business falters. file bankruptcy with millions of outstanding debt to write off.
just like their diaper-wearing idol would.
Well you’re 💯 correct on what Trumps would do!
As an individual small business owner however, they could have gotten caught in the squeeze between contracts and tariffs.
Obviously I don’t know the business in question, but it’s quite possible that the company has a bunch of longer running contracts that would become a loss if the inputs become much more expensive.
Of course, businesses will use the opportunity to charge more, but sudden price hikes are a very real problem.
I want to hope that it’s this
I sell steel, and we have been telling everyone to buy as much of their estimated annual usage as possible right now in order for us to hold the pricing, especially if it isn’t mill runs and double especially for exotic alloys.
It’s going to fuck over so hard the small machine shops that are prevalent everywhere that just do whatever jobs get called out and don’t really have the sway or size to be able to negotiate a better deal.
The same machine shops that were flying Trump memorabilia.
This is almost certainly what’s happening. The proposed tariffs will be very hard on American businesses and devastating for the consumer. It’s quite literally a fairly severe tax on domestic companies and the American people. But, honestly, we could do with a less consumerism in this country. Unfortunately, it’s likely to cause a tough economic downturn that will hurt poor people the most.
that will hurt poor people the most.
As is tradition.
Beatings will continue
Be hilarious if Trump simultaneously collapses the economy and starts a green movement built around an inherent need for a second hand economy.
Stranger things have happened. Like him getting elected, for instance.
And 20 million voters disappearing into thin air…
Well, they didn’t disappear into thin air. 12 million less people voted for Harris, so basically the democrats lost the election more than Trump won it. Trump got basically the same number of votes as he did against Biden.
Yes that’s what I meant though. Their votes disappeared. Our electronic voting machines have known first hand vulnerabilities.
I think they figured it out finally. They’ve been trying to gain access this entire time, and some Republican traitors are being prosecuted for it as we speak. Or were. I guess laws don’t matter anymore since America is finished.
Definitely the latter.
Large and small manufacturing companies have contracts for orders for months to years out with set prices, some of which might have wiggle room for costs but not to this extent. Plus manufacturing already tries to balance out costs across projects due to fluctuating prices for materials. If their materials double (or more) in price they will be screwed by the contracts and guaranteed to lose money on all of them.
Buying at the current prices means they will have to pay to have the materials stored in a warehouse, which will cut into their planned profits for those existing contracts. Hell, they might be buying at a higher cost than they normally would when fulfilling the contracts.
The company is getting screwed, not trying to fleece customers or their employees.
I’m pleasantly surprised how level headed the replies to that comment are.
Does it matter? This wouldn’t have happened without Trump being elected and the looking threat of tariffs. Whether the owner is using that as cover for jacking up the prices or not, it’s still a LAMF moment.
Oh I don’t disagree! I’m just wondering if the owner is face-eaten or face-eating. Small business owners are more varied than big business leopards.
This is what happened in the UK with Brexit.
