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ok, so the tech bro oligrachs wanna burn everything down, but aren't the old fashioned industrialist billionaires going to be hit hard by this (not to mention a
by gdilla 2y ago
ok, so the tech bro oligrachs wanna burn everything down, but aren't the old fashioned industrialist billionaires going to be hit hard by this (not to mention all the little businesses who source goods from Mex/Can to make things, or get 10-30% of their sales via exports)?
- mullingitover 2y agoIn their wisdom, Congress gave the President insane power over tariffs because they needed the country to be able to execute quickly and decisively rather than spend 90 days on committee hearings for each little decision. Thanks to this, he can carve out exceptions surgically for each and every one of his political patrons as long as they offer him the right amount of financial remuneration. Remember the $TRUMP crypto collection plate that was set up hours before swearing-in? The tariff system controls were designed by people who thought they'd be used by incorruptible, honor-bound presidents, and now they're basically in the hands of the Cosa Nostra.
- mnky9800n 2y agoTrump isn’t exactly the first president to use executive fiat to do everything. Of course he has been the most obnoxious one.
- k310 2y agoTech broligarchs were the highest bidder. They won. Since Citizens United, it's a bidding war. One dollar, one vote.
- archagon 2y agoBillionaires love a good recession. Buy stuff for cheap, cancel tariffs, profit.