“$700 million in interest is added to the final bill every month that the government delays tariff refunds, or around $23 million per day.”
It’s insane that the American tax payers paid more for products, and now they get to pay interest on their illegal payments, and all of that money goes into the coffers of private companies — who will no doubt use it to issue special dividends to their investors and bonuses to their execs.
Any sane administration would be promptly removed and this would be a chain around their neck for a generation.
Alright, well the only way they are getting promptly removed is if average Americans all decide they need to go to DC to physically do it.
DC is 3000 miles away from me and I have to work on Monday.
If only the ‘opposition’ party wasn’t spineless. Y’know how the j6ers did their coup? Republicans paid for it.
The designated subject for your personal protest is the richest person within 20 miles of you.
i can’t remember what the election map of DC looks like. oh right 95% blue. no wonder that’s the first place krasnov’s grosstapo went
Can’t it be claimed as a tax refund? If not, why? Just claim it and sue if it’s not paid out. I feel it’s a refundable expense, no?
Stick to your old hardware and wait for the shitstorm to pass. The big tech deserve to fail.
The big tech doesn’t deserve
to fail.a bail out, but will definitely be getting one.Hot take: if your company needs a bailout it’s no longer a private company and belongs to people as a public service and is regulated as such.
I mean… personally? I don’t feel like this is actually that much of a hot take. More of a verifiably good idea.
That sounds a lot like socialism and we don’t do that in this here land of the free 🦅
And yet the “free” market can’t be trusted to correct itself and fill the gaps if we allow a giant megacorp to fall.
“Pay no attention to the [US government buying 10% of Intel] behind the curtain.”
The bailout is the government purchasing shares at about to go bankrupt prices. It’s a reasonable take that isn’t even really a change in the system.
See…that’s the kind of logic that gets people places!
… unfortunately in the US the place it might get you is the gulag…
bailouts ought to come with leverage either as a loan/bond (at fed rates) or a capital investment. I agree! and then the company can either buy the government out or repay the loan. it strikes me as fair.
now hear me out: that fund that the government owns? all those stocks and bonds?
if you are an elected official, you gotta sell your stocks, your bonds, your etfs, everything. then you invest in the government fund. they’re gonna fuck around to boost those stocks anyways, so let’s have a set that we know.
then make an ETF for us plebes that follows it that we can invest in if we want to follow their inside trading.
hmm… never thought about it like this but I agree 👍
Good thing we just started a war to paralyze global energy markets. That’ll help!
The tech industry will get to keep refunds of the of tariffs they’ve collected AND will make more money automating the distribution of those refunds to themselves.
Sounds like the tech industry is in tariff heaven.
I have a question. The government is repaying companies that paid the tariffs. But the companies passed the cost of the tariffs on to the consumers. Do the consumers get refunded for their tariff applicable purchases? Like. Not the whole thing obvious, but the portion that covered the tariffs?
What do you think lol? Cards Against Humanity is sending wee little checks out if you email them, but it’s both a marketing stunt and the only incidence I’ve heard of
I think it’s important to highlight it because these companies likely will pocket the refunds and give their consumers nothing. I doubt that prices will even fall in the wake of this to pre tariff prices.
Which means even in fucking it up and enacting tariffs that were illegal it still benefitted businesses instead of consumers when what that idiot claimed at the start is that the American people would benefit and even see lower prices.
It may be time for Trump to rethink tariffs
LOL. It’s his only trick
To rethink something, it would require to think first.
Wonder what’ll be the next insider trading scheme
Seems to be: betting on their own actions on prediction markets
“Restraint’s probably not the perfect word,” but the president may start exhibiting “a little more contemplation and thoughtfulness,” Dolen suggested.
I mean, theoretically, yes…
Not even in theory, no.
Not capable
Theoretically in the way some particles have been theorized to maybe exist according to physical models but have never been observed.
The content of the article does not match the title. It doesn’t actually talk specifically about the tech industry or claim that it is in particular difficulty.
