331–340 of 1001 posts
Earlier quoted context omitted.
And took his wife, kids, and their nannies to have lunch with Epstein. Years after he'd said he wouldn't associate with Epstein anymore, and years after Epstein's conviction. If that was me, I would have used my substantial wealth to have lunch literally anywhere else in the world, with anyone else in the world .
[flagged]
These are persons of Trump-like character, not just your average booster :\
Earlier quoted context omitted.
Holy crap, you couldn't make a story that is a more direct echo of the plot point in Wonderful Life if you tried.
If whoever runs in 2028 does not have a concrete plan for investigating & prosecuting every single person who worked under this admin from top to bottom, they are wasting everyone's time. We need to see hundreds of life-in-prison sentences by the end of 2029.
Earlier quoted context omitted.
Remember when a conflict of interest was so important that Jimmy Carter sold his peanut farm, because heaven forbid, he accidentally made some money while president. Like his peanut farm would unduly sway government peanut policy.
An even more interesting one is that Ford was the first president to go on paid speaking tours after office. It's not like the 37 other presidents couldn't have also cashed in on the office in a similar fashion, but it was felt that such a thing would impugn the integrity of the office and also undermine the perception of somebody working as a genuine servant of the state. There has most certainly been a major declin…
In 1909, the US president made 75k - roughly 2.76 Million in today's dollars. This is in comparison to the current 400k dollar salary of the president. As the president is the highest paid government employee by law/custom - this applies downward pressure on the rest of the governments payroll.
I see no reason why the president shouldn't be modestly wealthy given the requirements or the role and the skill required to do it well. Cutting the payscale to less than some new grads seems like a recipe for corruption.
what happens to those billions of dollars already collected?
The importers would get the refunds, and any of their customers they charged more for would simply keep the refund. If you paid it directly (like international product order) you probably won't ever get repaid, as they probably deleted the transaction or otherwise failed to record it. Refunds even for importers might be caught up in lawsuits which might never resolve. It's a mess, and SCOTUS did not address the mess.
Earlier quoted context omitted.
Why do we repeatedly say that tarrifs are passed off in full to the consumer in the form of higher prices? Isn't that as obviously wrong as the argument for them, that they're paid entirely by the other countries? Is there a reason to believe, or evidence, that it's not a mixture of the two? edit: I want to highlight esseph's reply has a link to evidence that last year's tarrifs were passed off 90% to consumers, whic…
What an odd thing to say. The businesses in the other countries are, you know, businesses. Even if it were Chinese companies that were paying the tariffs, that will be baked into the cost of the good. This is literally first-day economics. No such thing as a free lunch. The cost of the item that the end user pays should reflect all costs associated with production and distribution to that end user. I have no idea how…
Eh, standard business school logic these days is that if you want to maximize profits, you should charge what the market will bear, not your costs + some fixed profit.
So if you're already charging what the market will bear, there may be more wiggle room to absorb some of the hit of tariffs, so long as it still leaves you making enough profit or in a favorable position. It still comes down to what maximizes tariffs: at higher prices, demand drops, but at lower prices, your profit/item drops.
Still, yeah, from what I understand, the bulk of the tariff costs were passed along to customers.
Earlier quoted context omitted.
Holy crap, you couldn't make a story that is a more direct echo of the plot point in Wonderful Life if you tried.
If whoever runs in 2028 does not have a concrete plan for investigating & prosecuting every single person who worked under this admin from top to bottom, they are wasting everyone's time. We need to see hundreds of life-in-prison sentences by the end of 2029.
Will the collected tariffs now have to be repaid? If so how. According to the Fed 90% were paid for by the consumers. https://libertystreeteconomics.newyorkfed.org/2026/02/who-is...
Surprised that in all the comments so far, no one has noted that Trump has many fallback options, which he said he'd use to re-create the tariffs, when this happens: https://www.cato.org/commentary/trump-has-many-options-supre... https://www.myplainview.com/news/politics/article/trump-has-... A step in the right direction, but there's a lot of progress yet to be made if we want to restrain the executive.
Congress is already completely in Trump's pocket. By doing it through Congress, Trump loses most of his bribery and bullying opportunities.
It's odd to me that something as fundamental as 'can the President unilaterally impose tariffs on any country he wants anytime he wants' is apparently so ill defined in law that 9 justices can't agree on it.
Make stupid laws, win stupid prizes.
It's almost like the legal system is designed so that you can get away with murder if you can afford enough lawyers.
It's odd to me that something as fundamental as 'can the President unilaterally impose tariffs on any country he wants anytime he wants' is apparently so ill defined in law that 9 justices can't agree on it.
It seems likely to me the ruling took this long because John Roberts wanted to get a more unanimous ruling. Additionally, the law in this case isn’t ill defined whatsoever. Alito, Thomas, and to a lesser extent Kavanaugh are just partisan hacks. For many years I wanted to believe they had a consistent and defensible legal viewpoint, even if I thought it was misguided. However the past six years have destroyed that no…