this post was submitted on 07 Nov 2024
882 points (96.5% liked)

Lemmy Shitpost

26772 readers
3511 users here now

Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.

Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!


Rules:

1. Be Respectful


Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.

Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.

...


2. No Illegal Content


Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.

That means:

-No promoting violence/threats against any individuals

-No CSA content or Revenge Porn

-No sharing private/personal information (Doxxing)

...


3. No Spam


Posting the same post, no matter the intent is against the rules.

-If you have posted content, please refrain from re-posting said content within this community.

-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.

-No posting Scams/Advertisements/Phishing Links/IP Grabbers

-No Bots, Bots will be banned from the community.

...


4. No Porn/ExplicitContent


-Do not post explicit content. Lemmy.World is not the instance for NSFW content.

-Do not post Gore or Shock Content.

...


5. No Enciting Harassment,Brigading, Doxxing or Witch Hunts


-Do not Brigade other Communities

-No calls to action against other communities/users within Lemmy or outside of Lemmy.

-No Witch Hunts against users/communities.

-No content that harasses members within or outside of the community.

...


6. NSFW should be behind NSFW tags.


-Content that is NSFW should be behind NSFW tags.

-Content that might be distressing should be kept behind NSFW tags.

...

If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.


Also check out:

Partnered Communities:

1.Memes

2.Lemmy Review

3.Mildly Infuriating

4.Lemmy Be Wholesome

5.No Stupid Questions

6.You Should Know

7.Comedy Heaven

8.Credible Defense

9.Ten Forward

10.LinuxMemes (Linux themed memes)


Reach out to

All communities included on the sidebar are to be made in compliance with the instance rules. Striker

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 34 points 5 days ago* (last edited 5 days ago) (3 children)

Everyone needs a lesson in how tarrifs work. Tarrifs are a tax on thing that US companies buy. They are intended to make foreign products more expensive to protect domestic producers. So, the American company pays the tariff. They then pass that tariff on to their customer, either another company or an American consumer. Then, the country that the tariff had been applied to applies offsetting tarrifs on American goods.

When the product that the tariff is applied to can't be produced in the US, think advanced microchips or Canadian softwood lumber, Americans pay more but still have to buy the foreign product. With the softwood lumber tarrifs the cost of building a home with Canadian softwood lumber went up by tens of thousands of dollars and Canadian companies laughed all the way to the bank. American consumers paid more and Canadian companies made record profits because the US can't produce enough softwood lumber to meet its needs.

So, the price to American companies and consumers goes up and the cost of American goods overseas goes up. Americans pay the tarrifs and American companies sell less goods overseas.

America loses.

[–] [email protected] 14 points 5 days ago* (last edited 5 days ago) (1 children)

But think of all the failing business that will be super cheap to aquire! /s

[–] [email protected] 8 points 5 days ago (1 children)

Oh I have no doubt that the Blackrocks and Birkshire Hathaway's of the nation are absolutely throbbing at the prospect. Literally diamonds. Those dusty old corpses won't need their hourly viagra until 2030.

[–] [email protected] 2 points 5 days ago (1 children)

Lol the stock market went up by like 15% since he won or something like that. The big banks and holdings groups are wayyy up, same for tesla which just broke 1 trillion.

[–] [email protected] 1 points 4 days ago (1 children)

As it always does. In case you missed it all those things were hitting records all the way through Biden's 4 years.

It's a giant casino. And the only time real people feel it is when it crashes and suddenly shit costs way more than it did last week. It doesn't matter to anyone worth less than 8 or 9 figures.

[–] [email protected] 2 points 4 days ago

Yes. I was agreeing with you in the first place.

[–] [email protected] 2 points 4 days ago (1 children)

What I love... what I really love... is that this happened during the administration of Trump's favorite president (other than himself), Andrew Jackson:

https://en.wikipedia.org/wiki/Tariff_of_Abominations

[–] [email protected] 2 points 4 days ago* (last edited 4 days ago)

Hadn't heard of this one, thanks. Americans are pros at not learning from history.

I thought this part was particularly funny/familiar:

It was a bill designed to fail in Congress because it was seen by free trade supporters as hurting both industry and farming, but it passed anyway.

Edit: That article lead me to this one, which gave me a good chuckle. How quaint: https://en.wikipedia.org/wiki/Petticoat_affair

these women, dubbed the "Petticoats", socially ostracized Secretary of War John Eaton and his wife, Peggy Eaton, over disapproval of the circumstances surrounding the Eatons' marriage and what they deemed her failure to meet the "moral standards of a Cabinet Wife".

After further reading about Peggy Eaton's childhood, kind of a bummer. Also, John Eaton pulled a King David/Bethsheba on her first husband, quite literally... That's wild.

Once Timberlake told Eaton of his financial troubles, Eaton unsuccessfully attempted to have the Senate pass legislation that would authorize payment of the debts Timberlake had accrued during his Naval service. Eventually, Eaton paid Timberlake's debts and procured him a lucrative posting to the U.S. Navy's Mediterranean Squadron; many rumormongers asserted that Eaton aided Timberlake as a means to remove him from Washington, in order for Eaton to socialize with Peggy.

What a shithead. Literally sent him to fight pirates so he could bang the dude's wife hahah

[–] [email protected] 1 points 4 days ago (1 children)

So in your example, I guess the tariffs don’t apply to Canada? Because the proceeds of tariffs go to the government of the country charging them.

[–] [email protected] 4 points 4 days ago* (last edited 4 days ago)

I'm not sure what you're asking. If you're referring to softwood lumber the profits of Canadian lumber companies were at record levels because the US needs Canadian softwood lumber with or without tarrifs. The tarrifs didn't affect sales at all so with the increased demand despite the tarrifs Canadian companies didn't suffer at all. US consumers spent more and the money went to the US government which presumably gave some of the money to uncompetitive US softwood lumber companies to subsides their unprofitable operations. It's a tax on US consumers.

Canadian softwood lumber companies pay a stumpage fee to sustainably harvest softwood on public land. US softwood lumber companies pay much higher prices to harvest lumber mostly on private land. It's all about extracting the highest profit for the most wealthy people. Canada has a better system and the US is salty about it. The US has lost at the WTO every time but refuses to accept the result so it ignores its treaty obligations and just forges ahead with the illegal tarrifs which hurt US consumers.