alt Hacker NewsYou did not pay the tariffs. You bore the cost of the tariffs. Those are not the same thing. The refund is due to the party that got the bill for the tariff and paid it-- the importer. What you paid for was for the business not to go bankrupt while this was occurring. If the business wants to refund you for that, they can choose to do so. But you are not owed a refund.
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So on Earth 2 in which everything is the same except these tariffs hadn't been enacted, would today's consumer prices be the same or lower?
Similarly, the importers voluntarily paid the tariffs. They could choose to go out of business, go to jail, be sued into bankruptcy, or pay. Totally at their discretion.
Let's call it what it is, a massive wealth transfer from the general public to companies, and transitively (primarily) to the super-rich. Just because it's legal that they are robbing us blind does not make it right.
What businesses were legitimately going to go bankrupt by the increased tariffs? I'm not defending the tariffs, mind you, but I don't buy that every company had to increase prices to offset the additional taxes. Many could've taken the hit and been fine, except profits would be down and shareholders would be angry.
This answer is the incarnation of capitalismmaxxing. Economically speaking you're correct - but morally definitely not, companies are for the bigger part not the harmed party here.
No one cares.
i personally paid, to UPS and DHL iirc, tariffs. so maybe i wasn’t actually directly billed the tariff as the importer, but i 100% paid it.
Congress can act to pay back the economically harmed party, the consumer. They won't because we live in an oligarchy.
"I didn't kill him, officer. It was the bullet."
In other words: the president can break the law and fuck you over by transferring a nice chunk of your money to big companies, and none of the lawbreakers will be held accountable in any way, and you're not owed a dime in restitution.
Look you can write the funny numbers in whatever accounting mumbo jumbo you want, but I paid more to cover the cost to the supplier == I paid the tariffs.