Americans get played once again
(midwest.social)
☆ Yσɠƚԋσʂ ☆
United States | News & PoliticsRemember:
Socialism for corporations, austerity for the working class.
And as always even in the once in a blue moon they criticize their own policies, they're only crying about them getting screwed over, not the people in other countries getting 10x screwed over.
Yeah I totally feel bad for you Mr. American. I'm supposed to ignore what you did to me or my own countryfolk because obviously you're more important than us.
I just saw a political advertisement in Germany saying, "don't throw out your money, use it in front of your own door" (it's partly a saying, doesn't translate perfectly), implying that if you use your money for other's benefit, it is wasted.
People are selfish
Yep, it won’t be forgotten, that’s for sure.
Individuals among them will piss and moan ‘it wasn’t me’, ‘I didn’t vote for this’, ‘as an American I support (insert target nation here) but collectively this is on them, their apathy and selfishness.
We need a fucking fire.
And, prices won’t go back down.
Trumponomics 101
But they're the Job Creators! /s
Oh, thar actually makes so much more sense. Another way to simulate growth.
I fucking owed this time around. I didn't even get a fucking refund. The rich get richer ffs
All part of the American Scheme. Plus deadbeat Don will keep any refunds as tribute for the wonderful times he's delivering for corporations. Small busines? Pfft. You're on your own. But thanks for the cash consumer.
I don't like it here
Why do you hate freedom?
Win,win, for the rich again, I guess.
Not just that. Corporations increased their prices citing tariffs but I've feeling that those prices aren't going to go down now.
Prices never go down. Only up. Even competition only temporarily drives down prices until your competitor fails.
ALL ACCORDING TO PLAN
When it's not working, it's working.
its okay , they'll blame it on the immigrants
Even SCOTUS has been taken over by illegal immigrants.
Same game as the 2008 economic crash. They could have bailed out the mortgage holders...but instead, they bailed out the lenders. The banks would have gotten paid either way, but instead of helping regular people...they just gave the money directly to the banks.
Good news is they learned from that, there will be no more bail outs.
Not because they change the system. They didn't so this scam will repeat itself.
They (and our EU vazal 'leaders') decided to create a bail-in law.
Next time they can legally and instantly steal everything above a certain amount from everyone's account.
They've been quietly bailing out banks for a while now. A notable recent one is when banks shorted silver a little while back and the price tripled instead of going down. They just learned they can't publicize it without making us serfs uppity.
That's interesting, need to look that up.
They sure kept it quiet, as I've never seen it reported on even 'alternative' media.
They will have to tell us serfs when we inevitably get stuck with the bill.
The iron law is that money flows to the top.
2008 didn‘t damage mortage holders, how did you get to this opinion? Banks were packaging bad credits with good ones an shifting those packages like hot potatoes between each other. Till it crashed.
They were also offering sub-prime mortgages with extra long amortization terms to people who wouldn't have otherwise qualified for a mortgage. It was basically on-par with pay-day loan scams. That's what they were shifting around...the debts those people owed.
They were all thrown under the bus, so the lenders could make fast cash selling that debt amongst themselves, and then get bailed out by the government when that debt collapsed.
Ok, that I get.
You don't remember them crashing the entire economy?
800 euro per European we had to pay for these scammers.
Yes. That’s a different case to todays case. People should‘ve been bailed out. Trump used his powers wrong and thus the paid tariffs have to be paid back to the importer. If the importer give this back to customers is a different question. Everybody should speak to Walmart et. al. about a this.
Because these companies have ALWAYS responded positively to consumers wishes, its why prices are so low and why we're in a golden age of national production, instead of paying companies to ship products from one country, where they're farmed, to another country to be processed, then another country to be packaged, and finally to their destination where they're sold.
Instead of giving the default money to banks they could have given it to the "bad credit" mortgage holders, who could have used it to pay their mortgages. The money still goes to banks but people get houses too.
But greed demands they own the debt and the house after taking all the money first. Corpos gotta really squeeeeeze to get that last drop.
They were talking on the news about Australian exporters being due refunds for this, but didn’t really get why as they would simply have passed on the costs.
I'm sure the DoJ will fine all those corporations for ... let me just check my notes here for an amount ...
in 10 years they will settle for 0.00000015%.
(this will be offset by the tax rebate they will receive as an 'im sorry to fine you')
Ahahahahahahaha
taxes
robbed
:-/ Libertarianism is the last refuge of scoundrels
refunds are going back to corporations
Furious Trump signs global 10% duty after supreme court issues tariff blow
Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval.
...
Section 122 has never been used, and therefore courts have had no occasion to interpret its language. Some news reports have noted this provision appears to authorize the President to impose across-the-board tariffs on imports in some circumstances.”
I'm not seeing anything in here about when refunds are going out. Much the opposite.
So the Supreme Court ruled the previous tariffs were illegal. The importers are then able to attempt to get restitution for the tariffs that were collected since they went into effect, it will likely be a convoluted process, but the paid them, and thus are able to get them back.
Meanwhile the prices were raised downstream and the citizens pay them, and won’t see a cent.
Now there are likely to be new 10% tariffs across the board, possibly result in another round of price hikes for the consumers! Ah, America! 🇺🇸what a crap hole
The importers are then able to attempt to get restitution
They can certainly try. Idk how long they'll need to wait before the Treasury starts cutting rebate checks.
Meanwhile the prices were raised downstream
The tariff rates far exceeded the inflation rate. And inflation has been driven by a host of non-tariff factors - AI driven chip shortages, supply chain disruptions at the Suez and the Panama canal, labor shortages driven by our pogrom against migrants.
Trump policy is shit. But it isn't exclusively bound up in the tariffs. If anything, his tariff policies seem to be his least disastrous, as there's been some degree of insourcing as a result
The companies couldn't afford the tariffs in the first place so took on massive debt then Howard Nutlick's sons who are in charge of a company that he previously ran offered to buy up tariff rebates for pennies on the dollar from those companies
Companies took those pennies on the dollar to pay down the debts that they had to take on for the tariffs but now Nutlick's sons will get the tariff rebate of not the company.
https://www.newsweek.com/howard-lutnick-sons-may-make-money-supreme-court-ruling-tariffs-11558345
Only thing people can do is boycott places that don’t somehow reimburse people either through lower priced goods or direct refunds. Anybody got a list of who would be getting refunds?
Good they deserve it
JFC this guy.
