Socialism is only bad when the left does it.

No

He is exceptionally stupid.

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

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.

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.

I honestly don’t think anyone actually informed him of how this would go down.

The president currently holds a cabinet of people and constituents who have, for the greater part of the past 12 years, relied on the ideals of sycophantic behaviour and likewise. To be in the room and suggest that an idea is not good would and likely has turned heads and gotten them removed from their positions. Look at the most recent Removal of the FEMA administrator: bashed on fema previously, incited change, told congress that axing FEMA would be a bad thing, immediately fired and replaced with a sycophant

Lack of informed information because it doesn’t align is part of the M.O. of this administration and the GOP for several years now. The only thing that matters is the ideal of greatness, whatever logic that entails.

This individual also has notably refuted and refused to consume media that doesn’t tailor to his outlook. Even bashing on Fox, which is the biggest right winged media outlet out there.

My point is, he probably did not truly know what would happen. On paper and in his entourage, tariffs are indeed technically a tax on other countries, but in practice It is a tax on the people.

He thought that applying pressure through broad import taxes would force foreign manufacturers to drop their prices to avoid losing those sweet sweet US sales, and that foreign governments would line up at his door, begging for “deals”. He was wrong, and anyone with a brain would have known that.

Chyna was going to pay the tariffs

Ironically, the Economy was one of the number one concerns among voters during the election. People blamed Biden for the stores raising prices, while the Biden admin actually investigated major grocers over artificially high prices, and then elected Trump who is actually responsible for raising prices.

Captain dipshit said he’ll be watching and so will the customers. So? The price will go up from the tariffs. It’s like he struggles to be this much of a moron. I feel like he’s so stupid that I get dumber every time I have to listen to him talk.

It’s a welcome diversion from the weekly “MAGA meltdown.”

Yes.

Maybe you should study history, we’ve always been incredibly disapointing.

This just happened to adafruit too

https://blog.adafruit.com/2025/05/08/high-tariffs-become-real-with-our-first-36k-bill/

This is one of the most glaring problems with tariffs. Companies raise their prices and the tariff becomes basically a tax on the people. But within that is hidden the fact that gigantic companies can often hold off on raising prices because they have the money to deal with it in the short term and the massive markets to pull in discounted prices from suppliers. The result is humongous businesses like Walmart keep their prices low through the tariffs while your mom and pop shop down the street has no choice but to raise prices or go out of business cause they don’t have the kind of margins bigger companies do. They raise their prices, everyone flocks to huge businesses like Walmart who kept their prices lower, then mom and pop close up shop cause they aren’t selling anything at the higher prices. Then Walmart can do whatever they want cause they just tagged tariffs into the ring and murdered the competition. Tariffs have their place but they largely suck ass in a multitude of ways.

Walmart is garbage, but the claim they can eat 30% tariffs because they made billions is by itself not a credible argument.

They made 16 billion in profit, on the back of 650 billion in revenue. Percentage wise that’s 2.5%. The acquisition cost of the goods is a fraction of their operating costs, but if cost of acquiring the goods was even only 10% of their revenue, the tariffs are enough to push them red.

If he is right then I would expect a nice analysis of the financials of Walmart showing this is feasible, rather than a hollow rant.

Alternatively, if it were as he stated earlier temporary pain like medicine to fix the manufacturing imbalance, I would want a more coherent strategy. As it stands, businesses can’t plan around his tariff policy as it shifts day to day without warning. If they did bring home manufacturing at significant expense, they lose because Trump gives in and competition that didn’t bother has an advantage.

The only thing I agree with on Trump here is that he’s correctly pointing out that WalMart made billions in profits last year. Yes, WalMart supported this monster in the first place thinking it would work out for them in the long run, so it’s a leopards eating faces scenario for sure, and I wouldn’t be sad if WalMart lost profits this year because of Trump’s stupidity. It’s just too bad that regular people are going to suffer because WalMart killed the small businesses that used to support towns that they wormed their way into.

We aren’t even done adjusting to inflation pricing, and here we are not getting slapped with a Trump Tax on top of it. Madness.

8647

Thoughts and prayers.

The good die you, and pricks live forever.

But not too hard. I rely on Walmart delivery because reasons.

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

Canada tried that with a carbon tax

People weren’t able to understand the two were related

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.

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.

Walmarts whole thing is driving out competition. They’re the richest company in the world and supported Trump. They asked for this.