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Joined 2 years ago
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Cake day: August 4th, 2023

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  • Make it 12x the lowest paid by hourly rate. Then maybe it’s 32 hours, or less, but you’ll be paid no more than 12x less than the highest paid employee on an hourly basis.

    Also, the hourly wage should include all compensation, including benefits and stock options, so they don’t try to stuff their benefit and stock packages (eg private plane and company car).

    Also, tax all wealth above 20x the median wealth of the nearest 100,000 people at 90%.


  • Their percent margin might drop, but there is no way they just eat say a 100 dollar extra tariff charge. They would charge 100 dollars more on the item(s). They make the same profit, consumer pays more. The only time this isn’t true, is if the consumer will not or cannot pay the extra 100 dollars for the product and the sale is lost. In such a case they may try to pay part of the tariff and not raise their costs to account for margin.

    In practice I think many companies will actually charge more than the tariff to maintain percent margin.

    So definitely affects US consumers and companies, but may not affect foreign companies really at all.