←back to thread

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
Show context
Refreeze5224 ◴[31 Aug 25 01:38 UTC] No.45079571[source]▶
[flagged]
replies(7): >>45079637 #>>45079639 #>>45079766 #>>45080078 #>>45080308 #>>45080429 #>>45083035 #
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.
replies(1): >>45080610 #
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.
replies(3): >>45080755 #>>45080834 #>>45086264 #
1. 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.