A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trump’s proposed tariffs.
Omfg, it finally dawned on me. The reason the stocks when up when Trump got elected. These fucking ghouls really see any excuse to increase prices as a win. Jesus fucking christ… There’s no stop until enough people will literally drop dead.
That and it’ll only take a couple million in bribes to get rid of any regulation they want.
All these shitheels knew about it before the election, yet chose not to mention it.
Do these leeches even think about what’s gonna happen when the blood of the economy runs dry because of their greed?
No
Potential? They are soft balling. They know damn well it’s gonna be a shit show.
The recent trend of tariffs could have a silver lining.
Removing dirt-cheap goods from the market will make it more difficult to ignore the underlying problem: People are not being paid enough for their labor to afford the things they need at home. Instead, they are expected to depend on subsidized/sketchy foreign manufacturing, while corporations and the super-rich are being allowed to extract a disproportionate share of the world’s wealth from everyone else, hoard it, buy favorable legislation and policies, and avoid paying their fair share in taxes.
This is already unsustainable. I suspect tariffs will make it more obvious.
I hope it will lead to positive and long-overdue changes. Unfortunately, I think it’s likely to make things worse for a great many people before it makes things better.
I could agree with this if there was a movement to produce domestically, then tariff imports. What I’m seeing is a tariff in an effort to drive domestic production and I just don’t see that environment being a good investment without significant government subsidies.
The US wanted more Silicon foundries so they’re dolling out big bucks to make it happen, once you’re producing domestically, you tariff similar imports to drive sales of local goods.
I mean, I’m not an expert in macroeconomics by any means, so it’s possible that I’m way off and the tariffs of cheap imports will start to drive multinational conglomerates to take a hit on cash flow and invest in domestic production. That’s a big leap of faith to take when you have a hungry nation though.
essentially none of us make enough to pay us to do something. wealth is so unequal only the rich can afford american labor.
I dont see how tariffs are going to remove cheap goods. Its just going to raise the price floor.
They used cheap to mean inexpensive and you’re using it to mean low quality. The price floor is by definition the most inexpensive items.
I agree. It could bring about positive changes, but slowly, and it will be much worse at first. Of course Trump and co-conspirators will manage to blame the problems on Democrats somehow.
deleted by creator
Is this the straw that will break the back of the $1.50 hot dog and drink???
Do you think he’ll keep his promise about someone raising that price?
Are we about to see another CEO get got?
I was thinking it would be Trump’s fault if the price goes up.
That would be wonderful, make them suspect even each other
Just another excuse to wildly raise prices, probably far above the rate of the tariff increase.
Perhaps, instead of passing the full brunt of the costs onto the customers, maybe the executives and shareholders take home less profit? Maybe take a financial hit to easy the cost of living burden on the commoners?
Or maybe starve the people out, and see how many people start playing Luigi’s Mansion.
Other commenters are saying this is a good thing, and that this will eventually make thinga better, but lots of people will suffer in the interim, and somehow find this line of thinking acceptable. The oligarchs could ease the plight of the commoners now, they could simply take less profit so families don’t have to, they could pass laws now, but they don’t.
They could just have easily said, “A Costco executive warned shareholders that potential loss in profits could be a result of President-elect Donald Trump’s proposed tariffs.”
The other commenters are correct, however, many more will suffer. This is all only going to get worse for us.
Costco’s whole thing is that they have a flat markup on all their goods. It’s static - price goes down for them, they lower their retail.
They also pay a reasonable wage - my buddy works there and is clearing 31.50/hr + voluntary OT + 6k bonus/yr. Regularly makes 80k a year, just floor staff not management/supervisor.
And they pay their upstream and logistics providers 2-3x market rates as well- my girlfriend works for a major trucking company doing pricing and Costco voluntarily overpays for their lanes so they have more reliable deliveries.
Many many companies price-gouge and underpay their employees or steal wages. Costco doesn’t. Fuck Walmart, Safeway, Amazon, etc.
Perhaps, instead of passing the full brunt of the costs onto the customers, maybe the executives and shareholders take home less profit? Maybe take a financial hit to easy the cost of living burden on the commoners?
The shareholders demand consistent returns, and the executives have a fiduciary duty to ensure that happens. In other words:
I’m well aware of their roles in this, and the improbability of anything changing. Unrelated, I would ask for a blue dragon for their lightning breath.
for pathfinder 2 druid I feel it does have the best breath weapon.
I wasn’t trying to say you weren’t. My comment was just pretext for the meme :)
Yes, we know. Goods that are made in America by Americans are expensive. And if they mean that they’re going to be affected by the import tariffs, then I’ll be just as happy not to buy as much from Costco, just the same as I’ll be doing at Wal-Mart, Target, or any other stores that refuse to support quality American businesses in favor of cheap foreign stuff.
