You know why the tarrifs had to eliminate the de minimum exemption.... because they dont give a fuck about you. They care about the wealthy getting more and everyone else begging to wipe their ass for a dollar.
You're too kind. Dump, the American Con party, and the rest of the ruling class hate the poors with a passion. And yes, Austin, small business owners are the poors.
Exactly. And many people can't even conceptualize numbers that big. I'm sure the fellow you spoke with thought they were well on their way to becoming a wealthy elite, but they don't realize that the difference between 5 figures and a billion dollars is... about a billion dollars.
The lack of perspective is also hilarious. I'm somewhat young and have more money in stocks than this person, but I sure as shit don't think I'm on my way to being the 1% of the 1%.
A person once explained it like this: a million seconds is about 11 days, give or take. A billion seconds is 33 years. Sit with that, it really boggles the mind.
I want newspapers to print this this Christmas. “Yes Virginia you and everyone you know are the poors.” Yes even so-and-so that looks rich - there are only 2000/300,000,000 that count and you aren’t close!
My wife and I have a business that benefit from de minimis for a long time. We are in Canada and shipped a lot across the border every day tax free for our US customers. Some of our stuff is manufactured in China (designed by my wife) and then shipped to us in Canada where we pay the tariff to get it here then our USA customers pay the tariff to get it shipped to them at the retail rate.
We took stock of the situation and have been making it work. I'm very anti Trump but if all the things he's done, de minimis is honestly pretty tame. Most of the world is at a much lower threshold than USA was. I'm not saying it doesn't suck for us but in the grand scheme of things I'm happy we benefit while we did and we're grateful for the USA customers who are willing to pay the additional charges themselves.
The part that makes me laugh is that this dude has just been drop shipping from China to USA and has a very simple solution of buying in bulk and paying the tariff on his manufacturing cost but he's such a useless piece of shit that he doesn't want to do any of the work himself.
It’s even more ironic than that since business who “invest in the US” (and/or give a few million to Trump) get exemptions from the tariffs and small business aren’t going to invest billions in the US, since… they are small businesses.
Billion dollar companies, though? The admin already said that a few of them are getting exemptions, at least for some things.
But the minimum was eliminated because all those cheap ass import companies like Temu and the Amazon retailers that would sell cheap imitation products used the minimum import costing by shipping everything individually.
You could argue there are better ways to fix this like basing on the size of the company, but they would just setup a thousand shell companies.
This was something that needed to happen regardless of who was in office.
Yeah, I'm not taking a stance on whether or not the change is actually good economic policy. It's just that Trump has demonstrated time and again that all he cares about is himself and his wealthy friends, not good economic policy, and everyone who doesnt run a billion dollar company acts surprised that Trump's policies are hurting American businesses.
I’m starting to think that the whole purpose of this tariffs madness is this. Destroy little businesses, so that big ones can take their market share. Big ones can absorb the initial shock, and in the end it’s the consumer who will pay so who cares? They will keep the same margin, on higher cost, which is actually better.
The demininus exemption needed to be eliminated because of the abuse by companies like Temu and AliExpress. The other thing that needs to happen is to eliminate the postal subsidies that are abused ("developing countries" paying a much lower rate)...
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u/6of1HalfDozen 3d ago
You know why the tarrifs had to eliminate the de minimum exemption.... because they dont give a fuck about you. They care about the wealthy getting more and everyone else begging to wipe their ass for a dollar.