this post was submitted on 14 Oct 2025
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[–] echodot@feddit.uk 5 points 1 day ago* (last edited 1 day ago) (1 children)

Th US has taken it to step further. Somehow they've managed to convince a significant junk of the population that a tariff is not a tax, and that the tariff is paid by the importing country, even though that's not how tariffs work. They don't require reality to actually do anything, they just require the populace to be mind numbingly stupid. Fortunately, they are.

It's pretty ironic, the United States was founded on the back of unfair taxation, and yet financial literacy is probably lower in the US than it is in any other country in the world.

[–] SocialMediaRefugee@lemmy.world 3 points 1 day ago* (last edited 1 day ago)

I remind people as much as possible that it is essentially a federal sales tax.