31 billion in September, 55% of which came from consumers.
So the average American paid an extra 51 dollars in tax in SEPTEMBER alone.
These tariffs are pretty bad for Americans on their own
But the fact the money generated from them is going into a corrupt government, means that money will be funnelled directly towards the people who will use it to make their lives even worse.
Taking extra money from normal people and directly using it to price them out of their way of life.
More than half? Isn’t it technically 100%
Maybe some companies are taking a hit to profits? At least for a period, maybe slowly increase prices
There’s no for profit corporations that are going to eat even ¢1 of these added costs. Rest assured, even if they aren’t passing the cost directly. They are laying people off, shrinkflation, Bankruptcy, etc. We are the most greed society in history. So the people are paying one way or another.
Edit: Forgot bailouts. If any bank even gets close to closing the American tax payer will be ensuring no large bank has to lose a dime. Once the Ai bubble pops you can bet Microsoft and Palenter are getting bailed out.
Agreed with all but that first bit. Unless they collude with all their competitors, all at once, they have to eat some of the cost. The path they seem to have chosen is small and ongoing price hikes.
There doesn’t needs to collision when every company is using the same play book. There’s only a handful of ways to increase profits in America. Every single company does the same thing because that’s the rules to the game. The System does the colluding for them.
Who else is going to pay for them, the shareholders? They’ll get right on that.
