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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0s | source
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Refreeze5224 ◴[31 Aug 25 01:38 UTC] No.45079571[source]▶
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monero-xmr ◴[31 Aug 25 01:55 UTC] No.45079637[source]▶
That’s fine if you accept that you can’t force the rich at gunpoint to stay, or seize their wealth upon exit.

But if they do choose to leave, or at least stop expanding their businesses, you can’t deny the rational self interest

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bobsomers ◴[31 Aug 25 03:02 UTC] No.45079987[source]▶
> But if they do choose to leave, or at least stop expanding their businesses, you can’t deny the rational self interest

"If you tax the rich, they will leave" is a myth created by the rich so that you won't tax them.

In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%.

Nobody is going to leave over Mamdani's extremely modest proposal.

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1. mxkopy ◴[31 Aug 25 04:00 UTC] No.45080264{3}[source]▶
This statement is also supported by the fact that despite the relatively high taxes in NYC billionaires will jump through all loops necessary to effectively still live there just not on paper