this post was submitted on 27 Nov 2024
175 points (93.5% liked)
Explain Like I'm Five
14448 readers
44 users here now
Simplifying Complexity, One Answer at a Time!
Rules
- Be respectful and inclusive.
- No harassment, hate speech, or trolling.
- Engage in constructive discussions.
- Share relevant content.
- Follow guidelines and moderators' instructions.
- Use appropriate language and tone.
- Report violations.
- Foster a continuous learning environment.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
there's one layer missing, which is that the US widget makers make their widgets from ingredients and components that don't exist in the US, if you put a tarrif on everything, you can't make a $12 US widget any more because widget juice now costs twice as much
Excellent point and kudos to you for knowing that widgets are juiced based.
At my job, I turn $20 of raw material into 25 pieces I sell for $16 each. Double my material costs, and to break even, I have to make another $20 from the sale of those 25 pieces. I have to charge $16.80 instead of $16.
it depends on what you make. Margins on food, farming, automobiles, oil and gas, medical devices tend to be pretty small, comparatively speaking. Which are all fairly critical industries.
Also : what does the government plan to do with all this new tax money?
Since they're about to let go all of these gov employees, they will need a lot of money to hire consulting companies for pretty much everything. That's what started happening in France and Canada already.
These private companies consultants are so much more efficient and cheaper than low paid gov employees who've been running the ship for decades. You totally believe it, right?
Oh and don't look behind the curtain, it's definitely not Musk or someone similar who owns the consultant companies they happen to use federal funds on, nor do they just so happened to be big donors to Our Lord and Savior Trump™
No no no, that would be corruption to the core and we all know the incoming administration is comprised of all the Paragons of Virtue™ our society has to offer.
Build another wall?
EDIT: Silly me. It's for tax cuts to the rich. Of course.
They'll do fuck all with my money because I'll be spending as little as fucking possible for the foreseeable future. Learning to sew to fix holes in old clothes instead of buying new ones, taking public transit a lot more (deeply discounted on account of my autism!), getting back into cooking, donating time in my community for the feel good chemicals instead of buying whatzits, and still giving the middle finger to winter ~~peer~~ family pressure gift giving holidays.
Let's wait and see the budget before we pretend that there will be tax income.