U.S. consumers bearing more than half the cost of tariffs so far, Goldman Sachs says
The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.
Crossposted from https://lemmy.world/post/37312744
These tariffs are pretty bad for Americans on their own
But the fact the money generated from them is going into a corrupt government, means that money will be funnelled directly towards the people who will use it to make their lives even worse.
Taking extra money from normal people and directly using it to price them out of their way of life.
Who else is going to pay for them, the shareholders? They'll get right on that.
More than half? Isn't it technically 100%
Maybe some companies are taking a hit to profits? At least for a period, maybe slowly increase prices
There's no for profit corporations that are going to eat even ¢1 of these added costs. Rest assured, even if they aren't passing the cost directly. They are laying people off, shrinkflation, Bankruptcy, etc. We are the most greed society in history. So the people are paying one way or another.
Edit: Forgot bailouts. If any bank even gets close to closing the American tax payer will be ensuring no large bank has to lose a dime. Once the Ai bubble pops you can bet Microsoft and Palenter are getting bailed out.
31 billion in September, 55% of which came from consumers.
So the average American paid an extra 51 dollars in tax in SEPTEMBER alone.
