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

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462 points JumpCrisscross | 5 comments | 30 Aug 25 20:56 UTC | HN request time: 0.654s | source
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Refreeze5224 ◴[31 Aug 25 01:38 UTC] No.45079571[source]▶
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anecdatas ◴[31 Aug 25 04:10 UTC] No.45080308[source]▶
As a wealthier person (income of ~1m/year, give or take), I could not more strongly support Mamdani (no 'h' in Zohran's last name afaik). I want a candidate like him in my city to vote for.
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1. speakfreely ◴[31 Aug 25 05:34 UTC] No.45080610[source]▶
If you're still measuring wealth by income, you're probably not in the bracket that is being discussed here. $1 million per year is an extremely comfortable income, but it would take 30 years of saving that, post tax, before you hit $30 million in net worth, which is the entry point for UHNW status.
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2. ehnto ◴[31 Aug 25 06:06 UTC] No.45080755[source]▶
I do see your point, but it's highly unlikely that they are putting their wealth into a HISA for 30 years. There is likely 0 people who got to UHNW through saving money.
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3. speakfreely ◴[31 Aug 25 06:11 UTC] No.45080781[source]▶
Completely agree with you. Which it why I mentioned measuring wealth by income shows a disconnect from what real wealth is.
4. wrs ◴[31 Aug 25 06:24 UTC] No.45080834[source]▶
This is assuming they have to work for the $1M income. The point of having $30M is to make $1M income without doing anything.
5. anecdatas ◴[31 Aug 25 19:28 UTC] No.45086264[source]▶
Totally. I'm someone who could choose to enter the capital class via purchasing rental properties or investing heavily in stocks, but I deliberately do not.

Capital class wildly different than wealthier working class. But in all honesty, bring the taxes all the way down to me at least. Anyone making a million a year could be taxed a lot more and still live comfortably. The capital class above me could afford a LOT more taxation and still live lives of unbridled luxury.