this post was submitted on 10 Mar 2025
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Explain Like I'm Five
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More than 50% of consumer spending in the US is done by top 10% of the income bracket. They are willing to pay that extra $1.50 because they're also the people who own the domestic manufacturers that are reaping massive profits by raising costs commensurate with the tariffs but not having to actually pay the tariffs.
Maybe they lose a little business from low income consumers, but they don't care that much because they make it up from the higher sale price to higher income consumers. The poor get fucked.