• hydrospanner@lemmy.world
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      1 month ago

      I feel like most people I have heard talking about them while supporting Trump seem to know that tariffs are taxes, but have no concept of how they play out in a real economic situation. Most fall into one or both of two camps:

      A) Tariffs are taxes, but they’re taxes for companies not individuals, and they’re only applied to importing, so they won’t affect me.

      B) Tariffs are taxes for foreign companies, to level the playing field and keep American business competitive. Since the companies that have to pay it are foreign, it won’t affect me.

      Spoiler alert, guys: no matter where the tax is levied in the system, the consumer is the only person who ever pays for it, since they’re the only ones that can’t pass that cost on to anyone else.

      Also, while this can make domestic competitors more competitive, it’s important to remember two things: first, if it works, it’s only working by making things more expensive for consumers, and second, this assumes that the domestic competitors want more business, have the ability and posture to increase their production to meet the new greater demand, and will operate in good faith. Much more likely is that they simply also increase their prices in reaction to the tariffs, so they’re not producing or selling any more volume and aren’t creating any jobs… they’re just padding their profit margins at the corporate/shareholder level while doing nothing for their employees, all while having the average consumer foot the bill.

      That’s exactly what happened with the steel tariffs in the first Trump term and that’s exactly what will happen now…the only difference is that this time it seems like there will be significantly fewer economic buffers between the tariff and the consumer, so more people will more directly feel the sting here…and presumably the mental gymnastics from the MAGAts will be even sadder in their attempts to somehow make it not a criticism of their orange leader’s incompetence.

      • Asafum@feddit.nl
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        1 month ago

        Tariffs are taxes, but they’re taxes for companies not individuals, and they’re only applied to importing, so they won’t affect me.

        Typical Magoo (literally my dad in 2016): “you can’t tax business owners, they’re going to just make everything more expensive for us! They pass on the burden to us!”

        Also Magoo: “Yay tarrifs! They are a tax on business but that won’t get passed on to me!”

        The Magoo motto: Whatever words I need to use to suit my purpose I will use, to hell with reality.

      • ericbomb@lemmy.world
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        21 days ago

        Guyyyyssss, the vote was yesterday!

        Also how was that mess over 10 years ago and they still are in the “Finding out” portion of FAFO?

  • dejected_warp_core@lemmy.world
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    1 month ago

    Rabbit hole time.

    Apparently, caffeine in soft drinks is synthetic. I thought they just used caffeine that is extracted from decaffeinating coffee beans - not so. Also it’s barely produced in the US (anymore), and we mostly import it from China.

    Neat part is: it doesn’t look all that complicated to synthesize and requires some common-ish organic compounds and solvents to make. As a bonus, the “the raw synthetic caffeine often glows - a bluish phosphorence”. If anyone is on his Patreon, please give NileRed a nudge to give this a shot; I think it would be right up his alley.

    So we can get by without coffee, but short of running your own chemistry lab, it’s going to be a bit before industry can ramp up production of the synthetic stuff. Meanwhile, caffeinated beverages across the board would be more expensive were synthetic caffeine a part of any tariff scheme.

    More here:

    https://www.decadentdecaf.com/blogs/decadent-decaf-coffee-co/174589383-ever-wondered-where-the-caffeine-comes-from-in-soda-or-energy-drinks-answer-synthetic-caffeine

  • BadlyTimedLuck@lemmy.world
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    1 month ago

    All this insecurity about tariffs has me hoping he have a Boston Tea Party situation. If I recall the story correctly, they threw the expensive British Tea overboard to protest the tax.

    Similarly, I also recall a sugar tax, and either an ink or paper one: basically, I hope I can see something similar to see there’s still a small piece of American values from our ancestors (not the twisted Conservative heaven MAGA wants, but on the American dream of freedom, liberty, and justice for ALL.)

    No Taxation Without Representation!

      • tetris11@lemmy.ml
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        1 month ago

        They were definitely just going to protect the natives, that’s the lovable British empire that I know

        • andros_rex@lemmy.world
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          1 month ago

          For sure, this wasn’t out of benevolence. The Brits mostly wanted to avoid more war. Remember why those all those taxes were raised? Sending soldiers over to fight Frenchmen and Indians is expensive. If those backwards colonists keep fucking with them, the Indians are going to cooperate more with the French.

      • Turret3857@infosec.pub
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        1 month ago

        I’m confused by the Wikipedia article and how it relates to what you said, I want to believe that youre right but I’m stupid and need an ELI5 version

        • andros_rex@lemmy.world
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          1 month ago

          It isn’t something I had ever heard until I attended a lecture by the National Security Decision Making Game folks - they are intense on history. (And I genuinely have a bachelors degree in history - with an American focus)

          Essentially, the French and Indian war fucking sucked for the Crown and Kingdom. It was mega expensive and difficult and ya know, the Indians live there. Who knows how many of them there are, if we keep pissing them off it’s going to keep costing us money. Soldiers cost money. Sending soldiers across the ocean costs a lot of money.

          The French had a lot more native allies. The Americans were constantly being mega dicks, the French weren’t awesome but they were relatively chill.

          Anyway, they finally win this expensive ass war and get some land. Indians live on it. Americans want land now - the Crown wants to not start another war and would in fact like a nice buffer state. At the very least, it’s a good idea to take some time to lick some wounds and figure out what We want to do. (I suspect if George could have foreseen the French Revolution, maybe they would be more agrees - something to try if you play NSDM lol)

          The Americans are not happy. And they keep pushing into native lands, making illegal and shady treaties, all the while having a fucking meltdown about having to pay taxes for all these fucking soldiers that are protecting them when people get mad about having their land stolen. The Crown is having to say things like “hey no you can’t buy Kentucky from like one guy.”

          It’s one thing to be pissed off about paying taxes - it’s another to have the promise of land. In a way, we were built similarly to Rome.

  • idiomaddict@lemmy.world
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    1 month ago

    Chocolate, cinnamon, vanilla, pepper, tea, bananas, and a fuckload of other things that are completely integrated into our regular diets are almost exclusively imported.

  • Xanthobilly@lemmy.world
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    1 month ago

    Who are we kidding? Trump’s going to enforce it selectively to nefarious ends and enrich himself off exemptions that he’s hand picked to be subservient. Free market my ass.

  • Flying Squid@lemmy.worldM
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    1 month ago

    I just remembered that Coca-Cola requires denatured coca leaves from South America.

    So enjoy that $8 Coke can, America

  • Fedizen@lemmy.world
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    1 month ago

    Chocolate also. Lol I hope you fucking like corn syrup and candy corn you little shits.

    • Siegfried@lemmy.world
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      1 month ago

      Where is that? Brasil?

      My remembrance fo colombian coffee is that it was stupidly good and stupidly cheap to buy freaking everywhere inside the country… I may be wrong though

    • Eiri@lemmy.ca
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      1 month ago

      I wanted some foreign goods to get more expensive. To end slavery, not to escalate a trade war!

      I should have checked my vicinity for any stray monkey’s paws when I made that wish.

      • AA5B@lemmy.world
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        1 month ago

        “Fair Trade” is what you’re looking for. I don’t know how legit all instances are or whether they make a real difference, but its an attempt

        • Ultraviolet@lemmy.world
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          1 month ago

          This may sound pedantic, but you’re looking for Fairtrade (one word) for the organization with the strictest vetting standards. Fair Trade (two words) isn’t regulated and just means they follow some sort of ethical code. It’s not necessarily bad, but it warrants more product specific research.

    • BigDanishGuy@sh.itjust.works
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      1 month ago

      everything you’re wearing right now

      Much of that is cotton. I believe that in the “good” ol’ days the US grew that themselves. Start that industry up again, and you don’t need mass deportations across the border.

      • superkret@feddit.org
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        1 month ago

        You could even run the farms the same way as in the olden days, if you criminalize and incarcarate enough black people.

        • MrVilliam@lemmy.world
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          1 month ago

          Well boy howdy, it turns out we already been done doin that there part about criminalizing and incarcerating them black people just out of sheer racism. You’re telling me that there could’ve been a profit motive to it this whole time too?

          jk, private contracted prisons were already profiting deeply off of that.