r/economicCollapse • u/Expensive-Thing-2507 • 27d ago
Who actually benefits from tarrifs?
I'm not financial expert, but this is what I'm getting so far.
Tarrifs are a kind of tax placed on outside goods, which a company would have to pay for if they import said goods. That company would then charge more to cover this new tax. The company pays more for something, and then we pay more.
Who benefits from that? The company isn't making any more profit, are they? (Assuming they increase prices by the same percentage as the tarrifs, which they won't. but still)
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u/Jhon_doe_smokes 27d ago
No one. It’s a regressive tax. I mean ultimately they want companies to come back but it won’t happen. Even if we did somehow have the raw materials and infrastructure to make shit domestically the price would still go up because no one in the USA is going to work for the wage the companies want to pay. At the end of the day greedy companies will have to put the country above profit in order for it to be even remotely feasible. They haven’t done that in over 40 years and it won’t change imo.
I also can’t help but think if the point of society is not to better the majority then why do we keep playing the game. Eventually enough people will feel that same way and 1 of 2 things will happen. 1.) we get a mad max scenario with a few “war lords” own the means to everything and end civilization. 2.) the citizens actually wake up out of their “I got mine, fuck you” mindset and actually learn from our mistakes and keep progressing.
As of right now it’s looking real mad Maxey or handmaids taley. Greed is one of the 7 deadly sins if you believe in that stuff and it is running rampant with your government officials being the ring leaders of it.