The other night as we watched the news there were reports
that The Felon wants these large retailers to “eat the tariffs,” meaning earn
less in profits because that’s good business. I ranted; I raged; and then I did a glorious spit-take when
Carlos said:
“Eat the carrots? What does that even mean?”
Goddess, that man slays.
Sidenote: this is what will happen, a retailer imports, say,
a doll. The doll costs them $5 but they mark it up to $10 for a nice profit;
tariffs enter the picture and now the doll will cost the retailer $20 or more,
so they mark it up to $30 to make their profit.
Then, when tariffs end and the doll goes back to costing $5
the retailer will lower the price of the doll to $20 and tell us how they are
saving us money while making a larger profit.
Eat the rich. |