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Judge orders government to begin refunding more than $130B in tariffs

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Re: Judge orders government to begin refunding more than $130B in tariffs

#692
post #656

This is just the citizenry paying double tariffs. First, we bought the higher priced goods. Now, the companies are trying to take our tariff payments again, this time from the government, to "make up" for the tariff money that we had already paid them in the first place. What should happen is that $X of the budget should be put into escrow for the next administration to use after these criminals make their way out.

Too bad the next guys will also be completely owned by capital.

Yes

The system is capital.

Unavoidable

Re: Judge orders government to begin refunding more than $130B in tariffs

#693
post #547

Earlier quoted context omitted.

I just love this idea that corporations just discovered greed during the pandemic and before that had been selflessly dedicated to selling goods for the benefit of mankind at the lowest price they possibly could. Companies always try to maximize prices, and they do that by trying to optimize the price they sell things at to sell as much as they possibly can at the highest price they can get away with. Sometimes you c…

I think there actually was a lot of surprise from executives coming out of COVID that they could raise prices so high without it impacting consumer demand in the ways they had previously predicted. The Chipotle earnings calls were pretty much the prime example of this. CEO more or less expressing amazement at how elastic consumers were on pricing, and that due to the increases not impacting sales volume they planned…

> Almost no one is shopping multiple supermarkets, buying cheaper alternatives, buying in-season veggies and fruit when it’s cheap, waiting for sales to stock up, buying in bulk and freezing, using coupons, meal planning based on the latest supermarket Sunday circular, etc. only a tiny minority of people have been doing so.

I don‘t know where this observation comes from, but here in Austria a majority of people in lower income sectors than IT do all of this?

Re: Judge orders government to begin refunding more than $130B in tariffs

#694

Putting aside the discussions of who will actually see any money returned, I will note that this haul covers about 100 days of war with Iran. ($1 Billion per day is the initial assessment from the Pentagon.) [0] For anyone who was still under the illusion that the tariffs would make any impact on the government debt, hopefully this illustrates that both the tariffs and the ridiculous DOGE effort were never really abo…

DOGE was about funding Golden Dome back when Elon thought he was getting the contract

Re: Judge orders government to begin refunding more than $130B in tariffs

#695
post #546

Earlier quoted context omitted.

That's not how capitalism works. Consumers ate the cost. Have you not bought anything in the last year?

Yeah. You're confusing capitalism and how businesses generally work with this particular tariff. Which, based on these comments, was often/always just passed through to customers.

That's what I just said

Re: Judge orders government to begin refunding more than $130B in tariffs

#696

[flagged]

The original sweeping plan that was blocked by the Supreme Court was blocked before it had forgiven any loans. They ruled it exceeded Presidential authority.

That was replaced by several programs. Lower courts issued an injunction to halt one of those, and the Supreme Court declined to lift those injunctions. There never was a ruling on the merits, and in late 2025 there was a settlement between the Department of Education and one of the states that has sued with DoE agreeing to end the program and move current borrowers from it to other programs.

Re: Judge orders government to begin refunding more than $130B in tariffs

#697

This is what sophisticated corporate welfare and wealth transfer looks like I guess.

Use tariffs to tax the hundreds of millions of Americans, then give out tax breaks to the elites.

Just crazy transfer of wealth in broad daylight.

Re: Judge orders government to begin refunding more than $130B in tariffs

#698
post #193

So corporations get refunds, I'm sure they'll issue refunds to consumers any day now.

It's difficult because some companies ate all the tariffs, some passed the costs to consumers, and some split the costs between suppliers, themselves, and consumers.

I think they should split it by giving a portion to companies and the rest to consumers.

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