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
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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?
Yes.
It’s a welcome diversion from the weekly “MAGA meltdown.”
Maybe you should study history, we’ve always been incredibly disapointing.
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
This asshole isn’t dead yet?
8647
Thoughts and prayers.
Thoughts and Tarrifs
The good die you, and pricks live forever.
If he’s supposed to be such a great businessman, why is he angry over this? This is exactly what a business does in a tariff situation. No business willingly reduces its margins, it just passes the costs onto the customer.
His uninformed voters buy it.
It’s that simple. That and Trump is used to bullying.
He’s a narcissist. Walmart is making him look bad by highlighting something bad he’s done.
except they can pass on too much of the cost, otherwise people wont buy thier crap.
Yep, people won’t buy Walmarts crap, instead they’ll just goto ……
Reality does not conform to dementia hallucinations. This is what happens when you vote for a geriatric cantaloupe.
But cantaloupe are only orange on the inside. tRump is, as far as we know, only orange on the outside.
Come on man, don’t you keep up with the conspiracies? He was disguised as a lizard person, but then they peeled off the rind, which they thought were scales, and it turned out he was a cantaloupe all along!
I’m convinced musk is an ambulate potato, so this cantaloupe theory of trump seems plausible.
and not the good kind of orange, its when a fruit is spoiled and something grows on it.
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Well Walton family, you know what you have to do.
8647?
If you don’t want the SS coming after you for “threatening the president”, make it “23-skidoo47”.
Just say in Minecraft
Happy Cake Day (in Minecraft)
The in Minecraft defense has been tested and doesn’t legally protect you.
But has it been tested in Minecraft?
Get rid of Trump like they got rid of 1000s of small American businesses and well paying jobs?
Live life as best you can as God fearin’ mountain folk?
Give him more money so he’ll leave him alone? Because that’s exactly what they’ll do.
That or fund the next right wing religious nutjob that’s worse than Trump but loyal to them.
Trump rages at truth, facts and concrete .evidence
The Waltons didn’t spend MILLIONS OF DOLLARS ELECTING TRUMP just so he’ll YELL at Them! MAYBE with a Couple More Million he’ll STOP IT!
NGL, it’s hard to be mad at him for telling megacorporations to eat it. But it’s the workers who will suffer.
Workers and the customers. Walmart does have a captive audience in some regions where they priced all local businesses out of competition and they’re often the cheapest option available for lower-income shoppers without much disposable income.
Oh yes, I’m well familiar. https://m.youtube.com/watch?v=RXmnBbUjsPs * 3rd time’s a charm
I meant if they have to eat the tariffs.
The only reason Trump told corps to take the tariff loss is so that Trump and Republicans don’t.
He created the problem and expects other people to take the blame. Standard operating procedure.
Why not refund the taxpayers cost of tariffs from the tariffs collected? Tariffs are being broken out on invoices, file the tariff tax as deductions on 1040’s. It would be a wash for the taxpayers.
Well you see the problem here is that you’re using your brain and well we just can’t be having that
If the tariffs are immediately refunded, why collect in the first place?
That seems convoluted but also as stated it wouldn’t be a wash.
A deduction means pretend that portion of income never existed and the taxable portion of it is not charged.
Then generally the deduction has to be above the standard deduction to make sense to use, and the standard deduction is just so high nowadays.
So if you claimed a hypothetical deduction of 1,000, then you reduce your tax burden by only 200 or so, assuming you otherwise had like 20 some odd thousand in deductions to get you close to the standard deduction.
The only way it would be a wash is if it were a refundable tax credit with no qualifications, and that almost never happens for anything. I could imagine a non refundable credit that would make it a wash for anyone with sufficient tax liability.
However, this would make the tariffs an utterly pointless needless complication, needing a whole lot more accounting by sellers and consumers just to get to a similar and simpler position of not doing the tariffs in the first place.
Canada tried that with a carbon tax
People weren’t able to understand the two were related
The goal seems to be replacing of federal income tax with import tariffs (like it was in the 1800s). The flat rate they set could collect as much as the income tax if import levels stay the same. Also, some of the stats shared by the administration early on on collections per day would multiply up to the total income tax collected. Writing them off would be counterproductive.
The only downside with consumption taxes is that they are regressive. People in the lowest income levels will end up paying more percentage richer people because there is so much that rich people can consume from overseas vs poorer people.
Rages at reality for doing the thing everyone said would happen?
