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"We Will Pass Those Tariff Costs Back to the Consumer," Says CEO of AutoZone (finance.yahoo.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] frunch 11 points 2 months ago (1 children)

It's crazy to me that outsourcing labor is such a common practice that these mega-corporations can simply shuffle factories around to keep their labor costs soul-crushingly low. Bringing the factories back to the US is a laughable suggestion for these companies at this point. Stuff should cost a lot more, and the people who work the factories should also receive more. I suspect the only people getting more money out of this will be Trump and the mega corporations.

[–] [email protected] 8 points 2 months ago (1 children)

Technically the money is going to the government's coffers so it's one way to compensate for lowering taxes... The problem being that it affects those with less money much more than those who are rich, contrary to taxes which are usually progressively higher as people make more money...

[–] frunch 2 points 2 months ago

The problem being that it affects those with less money much more than those who are rich, contrary to taxes which are usually progressively higher as people make more money...

Funny how that works ಠ_ಠ