If I hear about him “abolishing tax on tips” again I’m gonna lose my mind

    • SacredExcrement [any, comrade/them]
      ·
      edit-2
      14 days ago

      American businesses don't do 'short term losses for long term gains' strategy unless the losses were inevitable (see 'big bath accounting')

      These people are willing to burn the planet down in order to wring every last nickle out, they're not going to be willing to artificially limit their profits now when they know they can make every politician roll over and bark on command

    • Lussy [any, hy/hym]
      ·
      14 days ago

      Surely all capitalists will come together to curtail their capitalist tendencies

    • JoeByeThen [he/him, they/them]
      ·
      14 days ago

      Sounds plausible, but would require more foresight and organization than I think they're capable of, at this point. They're on a hot streak with dollar signs and slaves in their eyes.

    • miz [any, any]
      ·
      14 days ago

      Businesses will come together

      it's not 1907 and J.P. Morgan is not walking through that door

    • WalrusDragonOnABike [they/them]@lemmy.today
      ·
      14 days ago

      Businesses could decide this... But not out of optics, but to maximize profits. I know one theory is corporations go between periods of inflating prices and periods of mergers & acquisitions as the two modes primary means of capital growth. If that's true and businesses perceive the Trump admin as being more favorable towards monopolies, then they may focus on doing M&A over the next 4 years. After which, the increase monopolization will inevitably lead to inflation in the period following.

    • 2Password2Remember [he/him]
      ·
      14 days ago

      implying the people that run businesses are capable of planning more than one fiscal quarter in advance

      Death to America