4 ms·

I'm gonna have a stroke. The Congressional Budget Office found that consumers paid 70-80% of the tariffs, totaling more than $1000 per household. Where is my re

I'm gonna have a stroke. The Congressional Budget Office found that consumers paid 70-80% of the tariffs, totaling more than $1000 per household. Where is my refund?

dionian 7mo ago
same place where your refund is for congress rolling out 10%+ inflation for years and now your dollar is worth less. its theft actually
jonlucc 7mo ago
In practice, the entities who gave money directly to the US government are the ones who paid the tariff. Those entities should be pressured to refund the consumers, but in practice, that's unlikely. I (unknowingly) ordered something on Etsy from another country. UPS delivered the items, then sent me a letter requiring I pay the tariff and an extra tariff handling fee. UPS paid the government, so UPS should get their money back from the government, then refund me. I'm not holding my breath.
- throwaway667555 7mo ago
  Economically it is a direct redistribution of wealth. In crisis times, Congress acts swiftly to cure wrongs against corporations. What about this wrong against every single household?
  - I-M-S 7mo ago
    "The West, so afraid of strong government, now has no government, only financial power."
- coldpie 7mo ago
  UPS is definitely pocketing most of whatever refund they get. And golly gee gosh what a shocker, the company supports Republicans. I'm afraid you've been robbed. > ‘Corporate and industry group political action committees have donated more than $44 million directly to the campaigns and leadership PACs of the 147 members of the Sedition Caucus. Companies and trade associations that pledged to suspend donations have given more than $12 million to the campaign and leadership PACs of the Sedition Caucus. > Koch Industries ($626,500), American Crystal Sugar ($530,000), Home Depot ($525,000), Boeing ($488,000), and UPS ($479,500) have contributed the most money to members of the Sedition Caucus through their corporate PACs.’ > Tomé’s reconciliation with representatives who legitimized Trump’s attempted presidential coup — and who may control Congress after the November midterm elections — shouldn’t surprise us. Trump lavished huge gifts on UPS and Corporate America that have made them richer.” > The second Trump presidency has the potential to be even more lucrative for UPS, given that the bulk of UPS’s unionized workers are Teamsters and led by prominent Trump ally Sean O’Brien https://joeallen-60224.medium.com/big-brown-and-the-fascists-an-update-54a6f2696f96 https://joeallen-60224.medium.com/big-brown-and-the-fascists...
  - parineum 7mo ago
    > UPS is definitely pocketing most of whatever refund they get. And golly gee gosh what a shocker, the company supports Republicans. I'm afraid you've been robbed. Looks like they've given a pretty similar amount to both parties[1]. UPS charging a specific "Tariff Fee" is bound to have angered Trump. [1]https://www.opensecrets.org/orgs/united-parcel-service/summary?id=D000000081 https://www.opensecrets.org/orgs/united-parcel-service/summa...
kowalej 7mo ago
Not only that, the companies used the tariff excuse to raise prices which will not come back down even if tariffs are fully off the table. Just like the price inflation during COVID.
- joshlemer 7mo ago
  Prices don’t monotonically go up forever, prices come down all the time Edit: Sorry autocorrect thought I said moronically,
  - redeeman 7mo ago
    it does if you continue to pay
    - ambicapter 7mo ago
      stupid humans needing to eat
  - baby_souffle 7mo ago
    Depends on how sticky the prices are. Some things are volatile as hell and swing wildly from week to week, some things are stable until adjusted and then they stay that price for another decade. Most things are never going to be cheaper than they are today. Some things may be cheaper this time next year but not by more than a few percent at the most.
  - empath75 7mo ago
    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 can get more profits by lowering prices and selling more stuff, sometimes by raising prices and selling less stuff. It's a trade off. Prices went up because of a series of demand and supply shocks enabled companies to raise prices. If they had not raised prices, there would have been shortages everywhere.
cvoss 7mo ago
You did not pay the tariffs. You bore the cost of the tariffs. Those are not the same thing. The refund is due to the party that got the bill for the tariff and paid it-- the importer. What you paid for was for the business not to go bankrupt while this was occurring. If the business wants to refund you for that, they can choose to do so. But you are not owed a refund.
- throwaway667555 7mo ago
  Congress can act to pay back the economically harmed party, the consumer. They won't because we live in an oligarchy.
- flawn 7mo ago
  This answer is the incarnation of capitalismmaxxing. Economically speaking you're correct - but morally definitely not, companies are for the bigger part not the harmed party here.
- wpm 7mo ago
  Look you can write the funny numbers in whatever accounting mumbo jumbo you want, but I paid more to cover the cost to the supplier == I paid the tariffs.
  - avs733 7mo ago
    I don't think the commenter you are responding too thinks this is a good thing - they are just describing that it is. I read it as just a blunt summary of how absurd this situation is.
- greybeard69 7mo ago
  No one cares.
- ajam1507 7mo ago
  "I didn't kill him, officer. It was the bullet."
- wat10000 7mo ago
dawnerd 7mo ago
There's going to have to be class actions filed against the retailers if consumers want anything.
- crazygringo 7mo ago
  There would be zero legal basis for that. It wouldn't win. I'm not defending that. Just explaining.
danans 7mo ago
Clearly, since calculating the individual refunds are impossible, the companies will be broadly discounting products going forward by their effective tariff rate for roughly the time the tariffs were in effect. /s
- shagie 7mo ago
  Depends on how the items are purchased. Some are trying... https://www.facebook.com/CardsAgainstHumanity https://www.facebook.com/CardsAgainstHumanity -> https://www.getyourfuckingmoneyback.com https://www.getyourfuckingmoneyback.com
stackedinserter 7mo ago
You'll need to ask companies that are going to get that government refund.
solid_fuel 7mo ago
Unfortunately, this is what republicans voted for, as approved by their congressional representatives who declined to assert congressional power over taxation. Sadly, we all have to live with it until they wise up or quit voting.
subscribed 7mo ago
> big names such as Costco Wholesale, FedEx and Pandora Jewelry—seeking to recoup their money. Oh, so it was always only about a money transfer from the customers (who fully and wholly bore the cost otlf the tariffs already) to the companies which will now get the refunds for what their customers already covered? What a robbery.
0x1ceb00da 7mo ago
That's going to lockheed martin.

I'm gonna have a stroke. The Congressional Budget Office found that consumers paid 70-80% of the tariffs, totaling more than $1000 per household. Where is my refund?

dionian 7mo ago

same place where your refund is for congress rolling out 10%+ inflation for years and now your dollar is worth less. its theft actually

jonlucc 7mo ago

In practice, the entities who gave money directly to the US government are the ones who paid the tariff. Those entities should be pressured to refund the consumers, but in practice, that's unlikely. I (unknowingly) ordered something on Etsy from another country. UPS delivered the items, then sent me a letter requiring I pay the tariff and an extra tariff handling fee. UPS paid the government, so UPS should get their money back from the government, then refund me. I'm not holding my breath.

throwaway667555 7mo ago
Economically it is a direct redistribution of wealth. In crisis times, Congress acts swiftly to cure wrongs against corporations. What about this wrong against every single household?
- I-M-S 7mo ago
  "The West, so afraid of strong government, now has no government, only financial power."
coldpie 7mo ago
UPS is definitely pocketing most of whatever refund they get. And golly gee gosh what a shocker, the company supports Republicans. I'm afraid you've been robbed. > ‘Corporate and industry group political action committees have donated more than $44 million directly to the campaigns and leadership PACs of the 147 members of the Sedition Caucus. Companies and trade associations that pledged to suspend donations have given more than $12 million to the campaign and leadership PACs of the Sedition Caucus. > Koch Industries ($626,500), American Crystal Sugar ($530,000), Home Depot ($525,000), Boeing ($488,000), and UPS ($479,500) have contributed the most money to members of the Sedition Caucus through their corporate PACs.’ > Tomé’s reconciliation with representatives who legitimized Trump’s attempted presidential coup — and who may control Congress after the November midterm elections — shouldn’t surprise us. Trump lavished huge gifts on UPS and Corporate America that have made them richer.” > The second Trump presidency has the potential to be even more lucrative for UPS, given that the bulk of UPS’s unionized workers are Teamsters and led by prominent Trump ally Sean O’Brien https://joeallen-60224.medium.com/big-brown-and-the-fascists-an-update-54a6f2696f96 https://joeallen-60224.medium.com/big-brown-and-the-fascists...
- parineum 7mo ago
  > UPS is definitely pocketing most of whatever refund they get. And golly gee gosh what a shocker, the company supports Republicans. I'm afraid you've been robbed. Looks like they've given a pretty similar amount to both parties[1]. UPS charging a specific "Tariff Fee" is bound to have angered Trump. [1]https://www.opensecrets.org/orgs/united-parcel-service/summary?id=D000000081 https://www.opensecrets.org/orgs/united-parcel-service/summa...

kowalej 7mo ago

Not only that, the companies used the tariff excuse to raise prices which will not come back down even if tariffs are fully off the table. Just like the price inflation during COVID.

joshlemer 7mo ago
Prices don’t monotonically go up forever, prices come down all the time Edit: Sorry autocorrect thought I said moronically,
- redeeman 7mo ago
  it does if you continue to pay
  - ambicapter 7mo ago
    stupid humans needing to eat
- baby_souffle 7mo ago
  Depends on how sticky the prices are. Some things are volatile as hell and swing wildly from week to week, some things are stable until adjusted and then they stay that price for another decade. Most things are never going to be cheaper than they are today. Some things may be cheaper this time next year but not by more than a few percent at the most.
- empath75 7mo ago
  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 can get more profits by lowering prices and selling more stuff, sometimes by raising prices and selling less stuff. It's a trade off. Prices went up because of a series of demand and supply shocks enabled companies to raise prices. If they had not raised prices, there would have been shortages everywhere.

cvoss 7mo ago

You did not pay the tariffs. You bore the cost of the tariffs. Those are not the same thing. The refund is due to the party that got the bill for the tariff and paid it-- the importer. What you paid for was for the business not to go bankrupt while this was occurring. If the business wants to refund you for that, they can choose to do so. But you are not owed a refund.

throwaway667555 7mo ago
Congress can act to pay back the economically harmed party, the consumer. They won't because we live in an oligarchy.
flawn 7mo ago
This answer is the incarnation of capitalismmaxxing. Economically speaking you're correct - but morally definitely not, companies are for the bigger part not the harmed party here.
wpm 7mo ago
Look you can write the funny numbers in whatever accounting mumbo jumbo you want, but I paid more to cover the cost to the supplier == I paid the tariffs.
- avs733 7mo ago
  I don't think the commenter you are responding too thinks this is a good thing - they are just describing that it is. I read it as just a blunt summary of how absurd this situation is.
greybeard69 7mo ago
No one cares.
ajam1507 7mo ago
"I didn't kill him, officer. It was the bullet."
wat10000 7mo ago

dawnerd 7mo ago

There's going to have to be class actions filed against the retailers if consumers want anything.

crazygringo 7mo ago
There would be zero legal basis for that. It wouldn't win. I'm not defending that. Just explaining.

danans 7mo ago

Clearly, since calculating the individual refunds are impossible, the companies will be broadly discounting products going forward by their effective tariff rate for roughly the time the tariffs were in effect. /s

shagie 7mo ago
Depends on how the items are purchased. Some are trying... https://www.facebook.com/CardsAgainstHumanity https://www.facebook.com/CardsAgainstHumanity -> https://www.getyourfuckingmoneyback.com https://www.getyourfuckingmoneyback.com

stackedinserter 7mo ago

You'll need to ask companies that are going to get that government refund.

solid_fuel 7mo ago

Unfortunately, this is what republicans voted for, as approved by their congressional representatives who declined to assert congressional power over taxation. Sadly, we all have to live with it until they wise up or quit voting.

subscribed 7mo ago

> big names such as Costco Wholesale, FedEx and Pandora Jewelry—seeking to recoup their money. Oh, so it was always only about a money transfer from the customers (who fully and wholly bore the cost otlf the tariffs already) to the companies which will now get the refunds for what their customers already covered? What a robbery.

0x1ceb00da 7mo ago

That's going to lockheed martin.