So the “elected” government is trying to control prices? Isn’t that the definition of socialism?
Socialism is only bad when the left does it.
Or the poors
It’s an element of a planned economy which has been more commonly used in authoritarian socialist countries but isn’t exclusive to them.
(Fun fact because I just looked it up: There doesn’t seem to be one generally accepted definition of “socialism”.)
Worker ownership of the means of production.
I.e. profits from goods and services go to those who provide them rather than investors.
Social ownership (public) of production, doesn’t have to be the workers
State capitalism exists though, ROK and CCP are the more famous examples
Which is why I scream about employee ownership whenever I can. It’s the closest we can get in the states I think right now. NCEO
That’s communism. The two are not interchangeable.
No it’s not. Socialism is compatible with economic and political systems beyond communism. Sorry, but you don’t know what you are talking about.
I’d say a good loose definition is just ‘people pooling resources for the common good’ so basically all taxes and things paid for by taxes including the military.
No
Rages at reality for doing the thing everyone said would happen?
Old man yells at clouds. Too old and too much dementia to run the country.
What the fuck did this moron think was going to happen?
I honestly don’t think anyone actually informed him of how this would go down.
The president currently holds a cabinet of people and constituents who have, for the greater part of the past 12 years, relied on the ideals of sycophantic behaviour and likewise. To be in the room and suggest that an idea is not good would and likely has turned heads and gotten them removed from their positions. Look at the most recent Removal of the FEMA administrator: bashed on fema previously, incited change, told congress that axing FEMA would be a bad thing, immediately fired and replaced with a sycophant
Lack of informed information because it doesn’t align is part of the M.O. of this administration and the GOP for several years now. The only thing that matters is the ideal of greatness, whatever logic that entails.
This individual also has notably refuted and refused to consume media that doesn’t tailor to his outlook. Even bashing on Fox, which is the biggest right winged media outlet out there.
My point is, he probably did not truly know what would happen. On paper and in his entourage, tariffs are indeed technically a tax on other countries, but in practice It is a tax on the people.
He thought that applying pressure through broad import taxes would force foreign manufacturers to drop their prices to avoid losing those sweet sweet US sales, and that foreign governments would line up at his door, begging for “deals”. He was wrong, and anyone with a brain would have known that.
Chyna was going to pay the tariffs
Well that won’t work, she ded
What does the WWE have to do with any of this?
Hahaha, get fucked both of them
But not too hard. I rely on Walmart delivery because reasons.
To anyone who hates your message. Don’t hate the victim hate the game
This game sucks. I don’t get a continue.
King Canute knew he couldn’t control the tides to but Trump thinks he can control supply and demand.
What a Cnut.
If the stuff comes from a place where tariffs have been applied, the price should go up.
If it’s modified corn gloop from Kentucky, the price should not go up.
So which prices are going up?
That’s a bit of a gross oversimplification. Overseas or foreign product? Sure tariffs apply 100%.
But what if the modified corn gloop is processed with a machine from Germany? And quality inspected with a sampling device from Canada? And the cameras used to inspect the packaging come from Japan? And the computers to power the logistics operations come from Taiwan, Korea and China?
Sure the corn gloop isnt taxed via tariff, but every single part of its manufacturing just got 20-120% more expensive (and supply chains got that much less predictable). Most businesses would go under if they tried to eat that cost.
The answer? Sweeping tariffs mean sweeping price increases. The list of which prices won’t go up will be infinitely smaller.
Yeah, this is also true. Global supply chains are unfathomably large.
And really, Walmart aren’t really doing a lot themselves. All those Walmart branded products are made by a third party, just like the regular branded stuff.
If the amount goes up on Walmart’s supplier invoice, the amount goes up on the shelf. High volumes and thin margins means there’s no wiggle room to “eat” anything.
Their only two options are to stop stocking a product, or to pay and charge more.
While I get your point, they already have that stuff bought and I think you’re vastly overestimating how much some of that cost really impacts the cost of the good. Yes it would go up, but not nearly that much.
Which is also to say that corporations love these things because they mean they can just make wild claims about how impacted they are and raise prices pretty much however much they want.
If Walmart really loved Trump, they’d sell their items at a loss to own the libs. Well, I guess I can’t be too surprised, another woke corporation making excuses to jack up the prices. Trump said China’d pay the tariff so I don’t see what Walmart has to do with it.
Wow. I used to think he just couldn’t stop lying about tariffs…
But now I’m convinced he has NO idea what they are or how they work… NONE
He is exceptionally stupid.
“Donald Trump was the dumbest goddamn student I ever had.” - Professor William T. Kelley, Wharton School of Business and Finance
“This guy is a fucking Moron…”
—Rex Tillerson, Trump’s handpicked (first) Secretary of State
and his dad the equally reprehensible fred trump, had to donate a significant amount to get him into his “2nd rate school”
Yeah everyone tries to convince me he’s smart and the ignorance is an act but I don’t buy it. He truly is mega dumb.
He’s an idiot-savant. A total moron with a special talent for self promotion. Which it turns out gets you very far in life (along with the head start one gets being born wealthy).
It’s really just the born wealthy. Your family is the biggest factor in success. That’s why so many rich fucks are dumb as posts, they’re born rich; they didn’t earn it, and they’ve never had to develop problem solving skills because they’ve never faced adversity.
Yup, see Elon Musk
hes also a very lazy rich person in the way he earns his money. he only does it by scamming which involves lying. if he had invested in a fund i think he would be close to 100bn richer.
Yeah Trump could have been richer if he just did passive investing. He was born with the bases loaded then bitches about the fact it wasn’t an automatic grand slam. We shouldn’t expect much from a guy who bankrupted both a casino and university.
someone said if he did an index fund he would be very close if not surpassed 100bn. instead hes always in debt, which made him pretty easy to manipulate by the russians.
Self promotion is a lot easier with a super rich daddy opening all the doors for you from jump. Don’t forget he’s a hardcore nepo-baby.
not hard enough for him to get into ivy league school, he had to pay extra to get him into the next best school that would take him.
No, he’s just profoundly mentally ill. His narcissism is a singular force of nature.
By that, I ask what smart thing has been done?
He developed a cult of personality around himself of significant size and used it to seize one of two pillars of political power in the USA, which then propelled him to power twice. Not smart as in “good for the world,” but pretty successful in the, “empowering and enriching oneself at the cost of the commons” sense.
yo
he was smart enough to recognize his supporters were so dumb, they were easy to manipulate. trump, himself is a scamming, found the easiest people to scam, conservatives, its also why they love crypto.
And now he’s smart enough to see that he can just ignore rules and laws. If no one is willing to enforce them, they’re just for “losers and suckers”
He’s not though, he hires smart people and evil people while being a cult leader. He’s not test smart, but he is the president of the US and it happened twice.
That’s the thing about spending 70 years lying and having someone else fire anyone that disagrees…
You start believing it all.
Same shit happened to Elon and loads of other rich people, they stop getting real feedback and understanding that they’re being lied to.
The honestly believe their own bullshit, and they just don’t know how to react to the truth.
We saw it with the interview about the ms13 tattoo, trump doesn’t even know how to argue anymore, he’s used to everyone just agreeing with him, so when they don’t his only argument is “why aren’t you saying what I want you to say, do you not understand what I want you to say?”
Because that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear
deleted by creator
That’s a bingo!
he treats them like his court cases, he thinks tariffs are a way to bully people to do what you want. he has no idea the economic implications of it. also hes doing it as a behest to putin.
I think he at least roughly understands the economic implications, he just doesn’t care. He’ll just crack to the rhetoric, blame everyone else for the problems, and assume his fan base will eat up every word and let him continue.
Falling that, he just goes all in on ignoring elections and count upon the system to let him do that like it’s a woman with a pussy to grab.
I was convinced of that from the start. The language he used, I’m pretty sure he’s under the impression that the country you levy a tariff against is the one that pays it. Basically “make Mexico pay for the wall” part 2.
Yep. Somehow, someway; he got the impression that because "goods from China " get hit, that China pays to send it here…
And as someone else posted; he’s surrounded by people who ONLY agree with him. None of his people are correcting him…
We’re so boned
Walmart made BILLIONS OF DOLLARS last year, far more than expected.
Under Joe Biden’s absolutely terrible, awful, most baddest saddest America-lastest economy?
What the fuck do you think businesses are gonna do? Their costs went up. Planet Money podcast had an interview with a small business owner that had to pay the 145% tariff on her imports ordered before the tariffs went into effect. On a $30,000 shipment, that’s an extra $43,500. You think businesses are gonna keep prices the same and eat that? They will go bankrupt.
This just happened to adafruit too
https://blog.adafruit.com/2025/05/08/high-tariffs-become-real-with-our-first-36k-bill/
Yeah I’ve noticed my parts have gone up in price.
This is one of the most glaring problems with tariffs. Companies raise their prices and the tariff becomes basically a tax on the people. But within that is hidden the fact that gigantic companies can often hold off on raising prices because they have the money to deal with it in the short term and the massive markets to pull in discounted prices from suppliers. The result is humongous businesses like Walmart keep their prices low through the tariffs while your mom and pop shop down the street has no choice but to raise prices or go out of business cause they don’t have the kind of margins bigger companies do. They raise their prices, everyone flocks to huge businesses like Walmart who kept their prices lower, then mom and pop close up shop cause they aren’t selling anything at the higher prices. Then Walmart can do whatever they want cause they just tagged tariffs into the ring and murdered the competition. Tariffs have their place but they largely suck ass in a multitude of ways.
Dear 47, tariffs are essentially sales taxes based on origin rather than point of sale. If a business has, lets say, a 2.5% profit margin they cannot “eat” tariffs larger than that because to do so would defeat the purpose of being in business (to make profit) in the first place, and said business would soon be bankrupt. I know you know what that is, having numerous failed business’ yourself.
I just looked earlier today at WalMart’s self- reported profit margin for FY 2024, and it was approximately 4.2%. I had much the same thought. Even if tariffs are only raised by 10% on their imported products, that has the potential to completely disappear their profits. I’m enough of a socialist-leaning person to need to point out this: The American conception of corporations only purpose being profit machines has only existed in its current form since he 1980s, and is not an absolute law of economics. However, I’m certain that Trump is only interested in making Trump look good.
casinos were done on purpose to launder russian money through his properties.
tariffs are essentially sales taxes based on origin rather than point of sale.
I’m guessing this will make sales taxes go up too. We are now paying taxes on the taxes.
It will. Sales tax is a percentage of retail price and prices are going up.
“Bah! They can make it up in volume!” - Trump probably
FYI, plural of business is businesses, not business’
Walmart should put up price tags showing how much of the price is “Trump Tax”.
they’d have to replace the price tag everyday, when trump decides he’s gonna tantrum again and changes the tariffs
Still be worth it. And isn’t Walmart changing prices on a regular base, anyway?
Here would it be a simple database push, and the price tags would update with tariffs, but we don’t have them.
Anyone else suffering from faux rage exhaustion?
Maybe you should study history, we’ve always been incredibly disapointing.
Yes.
It’s a welcome diversion from the weekly “MAGA meltdown.”
This asshole isn’t dead yet?
8647
Thoughts and prayers.
Thoughts and Tarrifs
The good die you, and pricks live forever.
