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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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dismalaf ◴[31 Aug 25 01:55 UTC] No.45079639[source]▶
The system that allows very wealthy to exist is also the reason the US has the highest class mobility among western nations.

Also, on a purely pragmatic note, capital is mobile. If you penalize the rich, they just move, and then the new system will stop class mobility.

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bobsomers ◴[31 Aug 25 03:03 UTC] No.45079995[source]▶
> If you penalize the rich, they just move, and then the new system will stop class mobility.

This is a myth created by the rich so that you won't tax them.

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dismalaf ◴[31 Aug 25 03:20 UTC] No.45080076[source]▶
It's pretty observable and part of the reason many microstates are extremely wealthy.

Also keep in mind the US is a winner here. The UK loses the most millionaires and it's had an observable impact on their economy.

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1. cycomanic ◴[31 Aug 25 07:43 UTC] No.45081232{3}[source]▶
Just one more follow up, the US is 27th on social mobility, behind most EU countries, Australia, New Zealand and most other countries which are consider "western"

https://en.m.wikipedia.org/wiki/Global_Social_Mobility_Index