Some Trump lackey learned from corporate America during COVID. They took advantage of inflation & supply chain bottlenecks, kept prices high after those conditions subsided, making record profits. Tariffs coagulate inflated prices and worsen them as a compounding regressive tax. - ThreadSky

emmavigeland.bsky.social • 3 days ago

Some Trump lackey learned from corporate America during COVID. They took advantage of inflation & supply chain bottlenecks, kept prices high after those conditions subsided, making record profits. Tariffs coagulate inflated prices and worsen them as a compounding regressive tax.

Comments

shibbybypass.bsky.social•3 days ago

Can we call him "Donald" from now on? It's a much more ridiculous sounding name and frames him as the feeble old man that he is. He spent decades making "Trump" stand for something it never was, and using it keeps that "gravitas" going.

asteroidx.bsky.social•3 days ago

Prices never go lower. Once raised they become the new norm.

saormorgan.bsky.social•3 days ago

That’s not remotely true. See: gas prices over the past 20 years

temporal-wolf.bsky.social•3 days ago

Compare the price at the pump to the price per barrel. they go up together, they do not come down together. oil corps make huge profits when "prices are falling" by dragging out the decline for as long as they can.

saormorgan.bsky.social•3 days ago

Both prices have gone down. Not only up. You’re completely wrong about that. If you account for inflation, gas prices have significantly declined over the last 20 years. They used to be nearly the same as the US hourly minimum wage for a gallon.

temporal-wolf.bsky.social•3 days ago

That's not what I said. I said there is a differential between the two.

But also, what are you talking about?

saormorgan.bsky.social•3 days ago

Lol, I know that’s not what you said. You weren’t responding to whst I said at all and went on your own tangent.

You originally said prices only go up, never down. That just isn’t remotely true. Gas was $4 in 2007. That’s without accounting for inflation.

asteroidx.bsky.social•3 days ago

Gasoline prices. They have been trending up. Your graph doesnt show the recent trend.

https://tradingeconomics.com/commodity/gasoline

asteroidx.bsky.social•3 days ago

RBob: The gasoline part of the market is down 3.5% this afternoon. It had been trending up.

It will be getting cheaper but for the wrong reasons.

strkanerve.bsky.social•3 days ago

Whole lotta durable goods and cars/trucks, commercial equipment gonna sit in inventory while people and companies decide they can get buy for a few more years without a new one.

adamgendron.bsky.social•3 days ago

Look at the 2008 recession as well.
The wealthy elites put everyone in such dire straits. The people would take jobs for lower wages, sell off their land and barter their natural resources away.
Billionaires put us in these situations so they can profit from it.

nx3r.bsky.social•3 days ago

During the pandemic I walked into a local grocery store, I overheard a couple of the managers praising themselves on how well they were doing in terms of sales. I couldn't help but feel how disgusting that sounded in that time because this was the early days of covid. Profits over people...

pavlovsdevildog.bsky.social•3 days ago

ProductChina sales for $1.00 prior to tariffs
ProductUSA sales for $1.00 prior to tariffs
ProductChina sales for $1.35 after tariffs
ProductUSA sales for $1.20 after tariffs

Look ProductUSA is the best deal!

Why would domestic brands not raise their price when they’ll still have the better deal?

akajuhlz.bsky.social•3 days ago

Here's how it works on the other side of the ledger:

https://bsky.app/profile/robertscotthorton.bsky.social/post/3lluaqth4mk2g

leoetface.bsky.social•3 days ago

Has The Doggy Department ever actually said who they were making the Government more Efficient for?

Slippery little Fascists.

itstygrey.bsky.social•3 days ago

Don’t rule out the possibility that Kushner has billions in short positions on top of this.

heavymode.bsky.social•3 days ago

Emma always right on the money

georgeordavid.bsky.social•3 days ago

Worked for a large corporation long enough to know public companies have every incentive to take advantage of inflationary conditions. If you wanted to do a price increase there is no better excuse to give your customer than tariffs.

owennightingale.bsky.social•3 days ago

It’s gonna start trickling down eventually!

xdder.bsky.social•3 days ago

I think fans of trickle down economics have a piss fetish

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