Sludgeyy @ Sludgeyy @lemmy.world

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2 yr. ago

Sam's Club, owned by Walmart, does this basically.

You scan items with your phone, check out, then walk under this arch camera things to leave, I haven't been stopped to be manually checked in ages.

One day people will realize that you can make money when the stock market goes down

Causing it to go down is much easier than making it go up

Smart people looking to make money on a declining market told him some "smart" stuff to do. He believes it is smart. It is smart for the people that profit. Just hurts so many.

He believes he is special, like some kind of perfect business man where the "deals" always get done and work out in the end for him.

He has been used his whole life like a rich monkey to make others money thinking he was the brains behind the whole operation

25% tariffs means businesses need to raise prices ~33% to keep same profits

If I was selling lemonade for $1

Tariff would be 25 cents

Sell $1, pay 25 cents for tariff, make 75 cents per lemonade

If I raised my price to $1.33

Tariff would be 33 cents

Sell $1.33, pay 33 cents for tariff, make $1 per lemonade

A 25% tariff means ~33% higher prices if the company's can get people to pay it.

So should be 33% instead of 10%

Have you tried an auto rotating mechanical pencil?

Other mechanical pencils suck because you get a flat side on the lead. An auto rotating one fixes this problem and makes it like new everytime you pick up and put down the tip to write.

Well you can start driving in US at 15

Like I said quick Google

Even less Germans driving, proves my point more

Germans only really drive if they are willing and able

Americans are forced to drive

Car deaths in America aren't happening because they have automatic transmissions and can't drive as fast as they want.

Just the seer amount of drivers, more cars on roads to crash into, and less willing and able drivers.

Quick Google

In 2024 36% of Germans reported using the car daily.

In 2023 95.3% of Americans older than 16 drive on occasions.

83 million Germans, 63% above 16

340 million Americans, 65% above 16

52 million potential drivers in Germany, 17 million actually drive

221 million potential drivers in America, 210 million drive daily

17 million vs 210 million daily drivers

~12x more drivers, only 2x more death

Per capita isn't really a way to look at it

Besides automatic cars or lack of a manual transmission is not causing accidents.

Chance of death goes up significantly with speed

No one has ever crashed because they couldn't go over the speed limit

No problem!

Starting Price / (1-Tariff %) = Final Price Needed to Break Even

$5 / (1-.25) =

5/.75 = $6.67

If an item was $5 and there was a 30% tariff

5 / (1-.30) = $7.14

If there was a 30% tariff and the syrup company wanted to keep same profit they would have to sell each bottle for $7.14.

$7.14 × .30 = $2.14

$7.14 - $2.14 = $5

No, because (1 + tariff) isn't enough to keep up with the tariff because as the price goes up, the tariff also goes up.

Like in the example going from $5 to $6.25 (5 × (1+.25)). Would result in 31 cents less per bottle.

It needs to be ~33% more or $6.67 for the syrup company to keep the same profit with a 25% tariff.

Final Price × Tariff % = Tariff Amount

Final Price - Tariff Amount = Cost of Good Sold

Cost of Good Sold - Expenses = Profit

So if you need $2 profit

$2 = (Final Price - (Final Price × Tariff %)) - Expenses

$2 = (X - (X×.25)) - $3

$5 = X - .25X

$5 = .75X

X = $6.67

Formula would be

Profit = (Final Price - (Final Price × Tariff %)) - Expenses

So if a company still wants to make $2 profit per bottle.

Company raises price to $6.25 to try to cover the tariff (25% increase)

The tariff becomes $1.56 ($6.25 × 25%)

Instead of selling for $5 price, they would sell it for $4.69 effectively ($6.25-$1.56)

Instead of making $2 profit, they would make $1.69 profit ($4.69-$3(production cost))

If they still sold the bottle for $5, paid $1.25 tariff

They would make 75 cents of profit ($5-$3(production cost)-$1.25(tariff))

Let's say a bottle of Canadian Maple Syrup is $5 before.

25% Tariff is $1.25

Let's say the company makes $2 on each bottle before tariff. They really need to make $2 per bottle to cover expenses

So if a company still wants to make $2 a bottle still.

If they sell for $6.25 to try to cover the tariff (25% increase)

The tariff becomes $1.56

Instead of making $5, they would make $4.69.

Instead of $2, they would make $1.69

If they sold the bottle for $5, paid $1.25 tariff

They would make 75 cents

The number for $5 is $6.67

If the company sold the syrup bottle for $6.67. Payed $1.67 in tariff (25%). They would make $2.

Now, of course, they want to sell it for $6.67. Will people pay the increased price?

They can't just keep selling them for $5 and make basically a 1/3 of their previous profit.

Prices have to go up. How much is up to the consumer.

If the consumer is willing to buy Official Canadian Maple Syrup 🍁 for $6.67. The consumer is paying the whole $1.67 tariff.

An interesting thing happens when people pay $8. The syrup company makes an extra $1, Government gets $2 tariff. It's a win for everyone, but the consumer that lost $3. (Kind of scary if Trump gets a Maple Syrup company in Canada, goes around, ignores, or pays himself the tariff and sells a bottle for $5. Both are true Canadian Maple Syrup, it just has his name on it. Are you going to buy the $5 or the $8? Even if you buy the $8, he gets $2)

The consumer can't win. Free economy is better.

~33% increase covers a 25% tariff

If the price settles at $6.

Company pays 50 cents

Consumer pays $1

Trump gets $1.50

Who even is in charge of the "tariff funds"?

Like people are happy with having to pay $1 to get the company to pay 50 cents? Like that's a win?

Sad reality is Americans should not buy anything with a tariff. Paying a premium to help support Canada seems like a good thing but if everyone does it and everyone pays 33% more. The tariff funds makes out like a bandit all thanks to the consumers.

TL;DR: Company facing a 25% tariff will look to raise prices 33%. If they can they are fine or better. Consumers lose. I really like Vermont Maple Syrup

Bank robber. Get away driver.

Would be a good analogy.

Yes, the bank robber shot and killed the clerk.

But they are both bank robbers

Who is more evil? The one that does the act or the one that enables it?

Online review for a Yeti dog bowl said "Great bowl! Just don't get your dog's name engraved on it because it will outlast them!"

My grandfather said "It already comes with his name engraved on it"

Now my dog is named Yeti

Astroturf. Much homey

I'm 25% Finnish (Grandmother)

I enjoy saunas

Is 25% enough to enjoy other Finnish things?

Yep because you're referring directly to the service. Which makes it a service.

It was one of those word bank middle school questions

You can still be on the grid and produce your own electricity. The electric company will even buy extra electricity from the consumer.

Electricity or milk is a good. Milk delivery or electricity delivery is a service that delivers a good.

No way you'd say "Milk" was a service, just like you shouldn't say "Electricity" is a service. If you give more detail that makes it a service, then it would be a service.

It was a bullshit question and the teacher didn't want to admit that.

Civics and Econ teacher.

You're supposed to assume they mean "Electrical Service" but they can't say service or they give you the answer.

"Home electricity" sure a service. Little vague but could be a service.

If I have solar panels on my house and store electricity in a battery. I am producing and storing a good. It would be home electricity.

That "electricity" was a service

Without context, it is a good.

It's like natural gas. It is a good.

It's like saying "milk" is a service because the milk man brings it to your house

She wouldn't give me my damn point back on the quiz