this post was submitted on 05 Mar 2025
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No Stupid Questions

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[–] Professorozone 13 points 13 hours ago

Well the US collects taxes and a tariff is a tax so yeah, it will generate funds to run the government. I think this is why Trump likes them. He sees a huge influx in the taxes collected. Plus his followers are so stupid they think China/Canada/Mexico is paying them. Win/win for him. No wonder he thinks it's the greatest word in the dictionary.

[–] [email protected] 25 points 17 hours ago (1 children)

Tariffs are just a way to raise taxes and blame someone else for them

[–] RedEyeFlightControl 16 points 16 hours ago (2 children)

They're furthermore a way to start fights using someone else's money, that they can then take with impunity. So effectively US citizens are now getting charged a premium to fight a war they don't want, without a choice.

I recall a war that started over taxation without representation...

[–] Beetschnapps 9 points 16 hours ago* (last edited 16 hours ago)

Meh, the country dropped a trillion on fucking around with Iraq and voters kept reelecting republicans.

Trump won an election, think about that. After his shit show of a first term… no one in the US gives a fuck

[–] [email protected] 3 points 16 hours ago

Let's throw all of Trump's real-estate into Boston Harbor!

[–] [email protected] 147 points 1 day ago (2 children)

Rich people, in the form of massive tax cuts

[–] [email protected] 102 points 1 day ago (3 children)

"then what's all the cuts to medicaid and snap and other benefits and programs going to?"

more tax cuts for the rich.

"how about all the other 'savings' from 'doge'?"

more tax cuts for the rich.

"then why is the deficit still growing by billions and billions?"

more tax cuts for the rich.

"when is it our turn?"

never!

[–] wildcardology 2 points 13 hours ago

Yeah. Remember if you have a side hustle and you get paid over $2500 from Paypal, venmo or cashapp you'll receive a 1099-k form you have to report it on your tax form. It used to be $20k then it went down to $5k last year and it's going to go down further to $600 next year.

[–] [email protected] 24 points 1 day ago

Not to mention Melon Husk is VERY disingenuous about how much money he's supposedly saving

[–] Lost_My_Mind 14 points 1 day ago

I don't like this TV show. Change the channel! The show is so depressing that I don't want to watch. I mean, can you imagine living that way? It would be infuriating!

[–] [email protected] 30 points 1 day ago* (last edited 1 day ago) (1 children)

This. It sounds like a cynical answer, but it's ultimately the correct and most concise one.

[–] [email protected] 10 points 20 hours ago (1 children)

So, on import of whatever, the bill is still $xxx but there's an extra tax line for 25% that adds on top and goes to the government. Now they build a car with that and the car is now ~25% more expensive. The customer pays the +25% for the car.

Government doesn't need to collect as much tax from people who make over $1,000,000 because they got 25% from that import and so its a tax cut.

Is my smooth brain correct?

[–] [email protected] 2 points 11 hours ago

most retailers won't be happy with the same net per unit when fewer units will sell due to the higher prices, so they'll be adding more than just that 25% of 'cost' to the final retail price.

the basic idea of the tariffs for lord diaper is to pressure those countries into doing what he wants. the revenue stream is secondary to that goal, but is a significant shift of tax burden onto the lower and middle classes; while the wealthy get tax cuts 'funded' by those tariffs that disproportionately affect those least able to afford the higher prices.

[–] [email protected] 81 points 1 day ago

The rich when tax cuts go into effect. It's always been a mass transfer of wealth and the plan from the beginning. It's why we always knew any bargaining was bull.

[–] Lasherz12 37 points 1 day ago (1 children)

The last round of tariffs were paid almost uniformly and directly to large farming conglomerates to keep them silent on the matter. The amount actually left over after paying farmers wasn't much, certainly not enough to cover the damage it did in other industries. There's no doubt in my mind that it will be turned into a market manipulation scheme wherein they will invest in the subsidized markets after buying stocks in the relevant corporations once the market settles to its new low state.

[–] snausagesinablanket 12 points 1 day ago (2 children)

I wonder if it will tie into their new strategy to buy crypto reserves which only make sense if they are going to skim it.

[–] [email protected] 2 points 10 hours ago

Of course. They will pump and dump that too, over and over again, with your tax dollars in the "reserve" taking the hit each time while they embezzle what will probably eventually be trillions, just wait, they will not stop looting America until there is nothing left to loot.

[–] [email protected] 19 points 23 hours ago (1 children)

Having a crypto reserve makes sense if you plan on tanking the economy and US dollar for profit.

[–] [email protected] 10 points 21 hours ago (1 children)

Or if you personally own a lot of crypto and are looking to manipulate the market.

[–] [email protected] 5 points 19 hours ago

The cool part is you can double and triple dip. Buy bitcoin, promise to make a US Crypto reserve, sell it during the boon, make your own memecoin and profit off that as well

Then maybe do it again when you maybe waste money on a Crypto reserve

[–] [email protected] 34 points 1 day ago

The US government, that's how import tariffs work.

[–] [email protected] 26 points 1 day ago* (last edited 1 day ago) (1 children)

It's a form of taxation so the government collects it. When a good is imported, 25% of the value of that good needs to be paid by the buyer to the government. My understanding.

[–] [email protected] 4 points 21 hours ago

That is also my understanding as someone who regularly checks to make sure my boss paid the tariff on the stuff we import. Containers are not removed from ships until you have proven the tariff has been paid.

[–] [email protected] 16 points 1 day ago
[–] snausagesinablanket 9 points 1 day ago* (last edited 1 day ago) (1 children)
[–] scarabic 1 points 16 hours ago

I don’t see any answers to that question at that link. Am I missing something?