No Surprise Here: Walmart To Raise Prices

 

Not as if we didn’t know this was coming. The question was just how to sell it and when to do it. But we all knew that the tariffs that King Donald is using to create mass confusion throughout the world and I would suggest the tool he is using to manipulate stock markets would be passed on to us.

Tariffs are taxes. These taxes will be passed on to the consumer. It will be a regressive tax on those least able to pay – the poor and middle class. The wealthy will find ways to avoid these taxes just as they do most of our taxes. Corporations will use the broad cover of ‘tariffs’ to raise prices almost certainly beyond that justified by any tariff if a tariff really applies

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You can bet that now that someone has breeched to dam there will be a torrent of other retailers rushing through the breech in a flood of price raising. 

Will there be any collusion on the price raises? Well, with only a few major companies in every category it is not too hard for information on prices to be acquired. 

You may want to consider starting your Christmas shopping early, like now. You know prices will be considerably higher before Christmas and with Trump’s yo-yo negotiating with himself, who knows what may or may not be on the store shelves come November and December. 

By the way – remember the reason why we are importing so much? Do you remember Ronald Reagan and his so-called ‘Reagan Revolution?’ That was the period when the government was turned over to the wealthy and the corporations. Remember how unions in the private sector were stripped of any power.

One way to dump unions and their wages was to simply close up shop in the US and either move their factory overseas or hire other companies to do their core work overseas and import it back to US.

So corporations screwed us back in the 80s and 90s and now they are set to do it again in the 2020s. Thanks, Republicans!

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About Dave Bradley

retired in West Liberty
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