Tariffs are Taxes

Tariffs are Taxes

@jmatsby.bsky.social

Licensed Customs Broker.

878 Followers 124 Following 798 Posts Joined Nov 2024
4 days ago

I hear we are getting a landslide emoji just in time. Until then… 🌊🌊🌊

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4 days ago

How do they expect to make money from social media that is inundated with AI agents? Will we all have AI agents posting on our behalf and relaying the most relevant ads to us?

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5 days ago

Still crazy that the president’s lawyer spent two days with Ghislaine Maxwell, she “cleared” him of wrongdoing and was almost immediately transferred to a more pleasant prison and nobody in the administration will explain it and the media acts like two large dots are just impossible to connect.

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6 days ago

Trump might as well have called them “suckers and losers”.

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1 week ago

Trump wants the cable assets under Paramount/Ellison control before the midterms if they can help it!

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1 week ago
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Tariffs are “having the exact opposite effect of their intention ..”

(via Vital Knowledge) #ISM

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2 weeks ago

Why hate on the Switch 2?

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2 weeks ago

Strange that this is coming before Pokémon Coliseum.

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2 weeks ago

I think Browt is meant to rhyme with sprout.

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2 weeks ago

For those looking to diversify, try $VSGX for an ETF that is only international with ESG standards.

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2 weeks ago

The problem is the US owners of Tiktok are Trump aligned.

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2 weeks ago

Will it destroy 10 times as many jobs?

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3 weeks ago

Absolutely!

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3 weeks ago
Preview
Supreme Court strikes down most of Trump's tariffs in a major blow to the president The decision does not affect all of Trump's tariffs but invalidates those implemented using an emergency law.

BREAKING: The Supreme Court strikes down most of Trump’s tariffs in a major blow to the president's agenda.

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3 weeks ago

BREAKING

In a 6–3 decision, the Supreme Court of the United States ruled that President Trump’s use of emergency tariffs was unlawful.

Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh dissented.

Chief Justice John G. Roberts authored the majority opinion.

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3 weeks ago

Key issue to bear in mind as you watch today's political response to the Supreme Court tariff decision: The Court didn't say that the US can't issue tariffs, simply that the President has to convince (the Republican-controlled) Congress first. If tariffs are great, that should be easy to do.

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3 weeks ago

Trump brazenly violated the Constitution. An entire political party went along with this. He seized power no president has, and he wielded it arbitrarily to serve his own ego. Finally, a restraint is imposed on the Mad King. Better late than never. But it has taken too long.

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3 weeks ago

Trump will have a plan to reconstruct a lot of his tariffs after this SCOTUS ruling through a combination of other legal authorities (232, 301, 122). But those authorities are more narrow and process-intensive, so he has lost the ability to just rapidly slap tariffs on any country on a day's notice

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1 month ago
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BREAN:

January core goods prices are now “1.6% higher than January 2025. The pace of increase in these prices is not, in itself, alarming but the trend is unmistakably upwards. Until this measure of price increases stabilizes .., no one can claim that peak tariff pressures have passed ..” #CPI

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3 weeks ago
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Who would'a thunk it? Ground coffee prices stabilize, ground beef price growth decelerates after tariff removal... It's like basic trade theory works! #EconSky @taxpolicycenter.bsky.social

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3 weeks ago

If IEEPA tariffs get struck down, I suspect the other countries will simply not follow their side of these not-legally-binding agreements.

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3 weeks ago

All Trump had to do was nothing. Instead he disrupts nearly every market with tariffs.

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1 month ago

They should have followed through on the Wendy’s Carvers idea.

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1 month ago

Imports of high value chips are going to dampen GDP readings.

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1 month ago

If he was an informant then presumably he would be given immunity from any crimes he was involved in.

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1 month ago

The only artwork I want to see is on a Switch 2 game case!

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1 month ago

I always felt Biden wasn’t necessarily too old to be President during his first term, but definitely too old to run an effective political campaign.

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1 month ago
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"The Trump tariffs amount to an average tax increase per US household of $1,000 in 2025 and $1,300 in 2026....

"The Trump tariffs are the largest US tax increase as a percent of GDP (0.54 percent for 2026) since 1993."
@taxfoundation.bsky.social
taxfoundation.org/research/all...

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1 month ago
Preview
The tariff man taketh New research from the nonpartisan Tax Foundation found that the president’s trade policies cost U.S. households about $1,000 on average last year.

"...the nonpartisan Tax Foundation found that the president’s trade policies cost U.S. households about $1,000 on average last year, matching the average refund...touted by administration officials like Treasury Secretary Scott Bessent and top GOP lawmakers..."
 
www.politico.com/newsletters/...

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1 month ago

If they’re going to do it, they’re waiting to see which states are going to be pivotal to congressional control in the midterms. Then they’ll ramp up the “fraud” rhetoric in the months leading up as a pretext. Though it’s likely that the ICE overreach is going to backfire and they know it.

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