vegeta

Tech industry is in tariff hell, even if refunds are automated

https://lemmy.world/post/43921064

Tech industry is in tariff hell, even if refunds are automated - Lemmy.World

Lemmy

Mar 6 at 2:09pmWeb
Show threadekZeppMar 6
Stick to your old hardware and wait for the shitstorm to pass. The big tech deserve to fail.
Show threadSturgistMar 6

The big tech doesn’t deserve to fail. a bail out, but will definitely be getting one.

Show threadKn1ghtDigitalMar 6
Hot take: if your company needs a bailout it’s no longer a private company and belongs to people as a public service and is regulated as such.
Show threadSturgistMar 6
I mean… personally? I don’t feel like this is actually that much of a hot take. More of a verifiably good idea.
Show threadChronographsMar 6
That sounds a lot like socialism and we don’t do that in this here land of the free 🦅
Show threadzikzak025Mar 6
And yet the “free” market can’t be trusted to correct itself and fill the gaps if we allow a giant megacorp to fall.
Show threadgrueMar 6
“Pay no attention to the [US government buying 10% of Intel] behind the curtain.”
Show threadkiteriosMar 6
The bailout is the government purchasing shares at about to go bankrupt prices. It’s a reasonable take that isn’t even really a change in the system.
Show threadSturgistMar 6

See…that’s the kind of logic that gets people places!

… unfortunately in the US the place it might get you is the gulag…

Show threadbig_slapMar 6
hmm… never thought about it like this but I agree 👍
Show threadMinnesotaGoddamMar 6
bailouts ought to come as leverage either as a loan (at fed rates) or a capital investment. I agree! and then the company can either buy the government out or repay the loan. it strikes me as fair.
Show threadGonzakoMar 6
Wonder what’ll be the next insider trading scheme
Show threadParlimentOfDoomMar 6
Seems to be: betting on their own actions on prediction markets
Show threadtalMar 6

“Restraint’s probably not the perfect word,” but the president may start exhibiting “a little more contemplation and thoughtfulness,” Dolen suggested.

I mean, theoretically, yes…

Show threadSpaceNoodleMar 6
Not even in theory, no.
Show threadTelorandMar 6
Show threadbrsrklfMar 7
Theoretically in the way some particles have been theorized to maybe exist according to physical models but have never been observed.
Show threadqueermunist she/herMar 6
Good thing we just started a war to paralyze global energy markets. That’ll help!
Show threadpanda_abyssMar 6

“$700 million in interest is added to the final bill every month that the government delays tariff refunds, or around $23 million per day.”

It’s insane that the American tax payers paid more for products, and now they get to pay interest on their illegal payments, and all of that money goes into the coffers of private companies — who will no doubt use it to issue special dividends to their investors and bonuses to their execs.

Show threadSanctusMar 6
Alright, well the only way they are getting promptly removed is if average Americans all decide they need to go to DC to physically do it.
Show threadLemmyFeedMar 6
DC is 3000 miles away from me and I have to work on Monday.
Show threadSanctusMar 6
If only the ’opposition’ party wasn’t spineless. Y’know how the j6ers did their coup? Republicans paid for it.
Show threadMinnesotaGoddamMar 6
i can’t remember what the election map of DC looks like. oh right 95% blue. no wonder that’s the first place krasnov’s grosstapo went
Show threadRivalarrivalMar 7
The designated subject for your personal protest is the richest person within 20 miles of you.
Show threaddust_acceleratorMar 6
Can’t it be claimed as a tax refund? If not, why? Just claim it and sue if it’s not paid out. I feel it’s a refundable expense, no?
Show threadArbitraryValueMar 6
The content of the article does not match the title. It doesn’t actually talk specifically about the tech industry or claim that it is in particular difficulty.
Show threadspaghettiwesternMar 6

The tech industry will get to keep refunds of the of tariffs they’ve collected AND will make more money automating the distribution of those refunds to themselves.

Sounds like the tech industry is in tariff heaven.

Show threadCorkyskogMar 7

It may be time for Trump to rethink tariffs

LOL. It’s his only trick

Show threadDremorMar 7
To rethink something, it would require to think first.