Full Disclosure of Tariff Costs and More...

1,162 Views | 6 Replies | Last: 8 mo ago by P.H. Dexippus
I bleed maroon
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AG
I was sad to see today's news that Amazon has backed down from posting current tariff additional costs to consumers. I am all for transparency in order for the average American to understand the financial impact of government actions on their daily lives. Other items I'd like to see posted for consumers, or at least more prominently displayed:

- Additional taxes/fees per gallon of gasoline
- National debt per capita, displayed on all tax returns and published federal budgets
- Share of each paycheck fully loaded for all employer/employee paid taxes and fees
- Payback expectations for a college education before applying for a student loan
- Percent of each medical bill paid for direct vs. indirect/overhead expenses from medical providers (including impact from regulations, legal/insurance, covering bad debt or indigent care for others, etc.
- Idealistically, some sort of ledger for each citizen for what they pay to and receive from the government per year

What are some additional disclosure items you'd like to see?
Dave Robicheaux
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AG
Not really fair to be transparent on one thing and not the rest.
I bleed maroon
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AG
Dave Robicheaux said:

Not really fair to be transparent on one thing and not the rest.
Generally, more disclosure is a good thing. People can readily ignore nutrition labels, if they want, but isn't it better to have the information available for those who do care? If the Elizabeth Warren types took this approach, instead of focusing on profit-shaming companies, I may even support some of her consumer protection ideas.
Proposition Joe
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There is no good reason to not want more information on what the tariffs are costing.

But that also acknowledges that there is an ulterior motive to making them public (either political dislike, or political pressure).

But to not want to even see the numbers is silly.
themissinglink
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AG
While I suspect some of the drive to disclose tariff impact is politically motivated, the additional transparency is a good thing because no one knows what the hell this administrations trade policy actually is. Are they pushing for removing tariffs and other trade barriers or are tariffs a good thing that are going to remake our economy and raise revenue? The administration and supporters likes to use both talk tracks and they are contradictory

It's difficult to make planning and purchasing decisions now and in the future if the cost of things are unpredictable. Are we anticipating tariffs being 0% or 150%? If so when will the ultimate policy be implemented? It changes weekly.

To the extent a private company can provide transparency to consumers to understand current and future price swings, I think it is a good thing.
JSKolache
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AG
It's a disservice to retailers, who will each bake in some and/or eat some of the cost. Pricing is the most opaque thing in retail for a reason.
P.H. Dexippus
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AG
-uninsured motorist impact on auto policy premiums
-personal injury litigation impact auto policy premiums
-roof claim impact on homeowners policy premiums
-"We Went With the DEI Pick" notice on college and job application rejections
-estimated additional commute time based on number of illegal aliens in metropolitan area. Come on Waze, make it happen.
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