He's not wrong. Walmart made record profits.
He's not wrong. Walmart made record profits.
The enemy of my enemy is not a friend. Let them fight. 🍿
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I will post this here too, since you double posted.
This thought process is going kill small businesses that cannot absorb tariffs. If Walmart sell an item that I also sell in my shop and Walmart keeps the item the same price it was before the tariffs, but I have to raise my price, where do you think people are going to buy?
Let us use Pokemon cards as an example. Packs are about $4.49. Typical keystone markup dictates we are paying ~$2.25 per pack (I wish I was paying that little for pokemon). But now there is a tariff of 50% and the manufacturer wants to pass that cost along to the consumer, so I am now paying $3.37 a pack, so if I want to keystone I need to sell at $6.75, while Walmart absorbs the cost and sells at $4.49. That does not look like too much.
But what about a $150 board game? I am now selling it at $225 and Walmart still has it at $150, I look like the greedy bastard trying to milk my customers.
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I think this is more or less the goal, kill all the small businesses.
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Always has been
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But what about a $150 board game?
Whoa whoa whoa whoa, you had me until this gem.
What the ever living fuck warrants a $150 price on a BOARD game?
That fucker better have gold pressed latinum as its currency and come with a few bars along with Trinity glass d20s.
/Stomps off in old man nerd fashion
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Let me introduce you to Gloomhaven, or HeroQuest, or Nemesis, Lords of Ragnarok, Monster Hunter.
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What's the last time you've bought a board game? A mix of the pandemic, more people in the hobby and a few big examples becoming so popular they defined the new norm on pricing, means $150 for a board game is extremely common. It's not even the most expensive example.
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Trump is literally demanding Walmart to play into their market dominance.
He is an utter moron. Walmart has no need to do this, there's little left of local markets for them to squeeze.
He also does not understand the stock market. Walmart stock holders would not accept the company eatting the tariff tax.
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Or, and hear me out…Why not just tax their earnings, like a non dipshit?
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He said China would eat the cost originally lol
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Walmart profit margins are razor thin(4%?). Yes, they made billions but only because they had insanely high revenue. If you have a 30% extra cost, even if Walmart absorbed as much as possible (4%), the price would still go up 26%(actually more).
People who think companies can absord such a sudden and drastic increase in cost are clueless.
This video explored the tariff cost on computer hardware, with some companies giving actual numbers. It shows how even small increases in tariffs(or any cost) can completely destroy the bottom line
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How thin would their profits be if their c level employees were making even only twice as much as their managers?
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In other words, the Walton family needed to donate to his coronation
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They did though? I thought.
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Not enough... maybe a plane?
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The correct phrase is "the enemy of my enemy is my enemy's enemy." They may or may not be your friend.
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Anti-capitalist crusader and corporate tax advocate, Donald Trump
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"Walmart should help hide the effects of my shitty policy."
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Come on Donald, Tariffs and PRICE CONTROLS!
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Any buyers’ remorse yet, billionaires?
27 comments
Trump really doesn’t understand markets…