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

(www.wsj.com)
462 points JumpCrisscross | 2 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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ambicapter ◴[31 Aug 25 02:19 UTC] No.45079766[source]▶
"very wealthy" is heavily understating just how ludicrously wealthy some of these people are compared to the vast majority, and it's reflected in historical numbers.
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1. ehnto ◴[31 Aug 25 06:01 UTC] No.45080728[source]▶
I am wondering why "very wealthy" would be so stressed by increased taxes. Don't they have ludicrous wealth, shouldn't it have almost no material impact for them?

Are there money games I am unaware of that means they are running brittle houses of cards and marginal percentage increases in taxes would topple their empires?

I just don't understand the fear or concern, but I am not ludicrously wealthy so I suppose I wouldn't.

If someone is truly strong then they have strength to spare for others. I guess I assume the same would be true of wealth, but perhaps you don't get ludicrously wealthy by being proportionally generous.

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2. ambicapter ◴[31 Aug 25 14:42 UTC] No.45083508[source]▶
They are so ludicrously wealthy that even a very small increase in percentage points of tax ends up being a very large number, and no one likes to see a very large number of their “hard-earned” dollars get “taken away”. The marginal value of each dollar to them I don’t think is a calculation that is very accessible to our emotional human minds.