

Domenick
2.5K posts

@DomFilo1
Print manufacturer e-com seller






🚨 BREAKING: President Trump successfully negotiates another trade deal, this time with Japan, the 5th largest trading partner with the United States. - Japan will invest $550 billion into the US, creating "hundreds of thousands of jobs" -Reciprocal tariffs of 15% - Japan will finally open up their markets to American cars, trucks, rice and other agricultural products Another W for America 🇺🇸🇺🇸


@RayDalio It is certainly a nice gesture of the Dells, but there will be no poverty in the future and so no need to save money. There will be universal high income.



We were told tariffs would shrink the deficit and revive U.S. manufacturing. That foreigners would pay the tariffs. Instead, the deficit is up 23% this year and manufacturing’s share of the economy is falling. You can’t grow an economy by taxing the very inputs businesses need to compete. This strategy isn’t working — and Americans are paying for it.


"...manufacturing has delivered quiet perfection long before anyone talked about foundation models." Yep. And the 'foundation models' for manufacturing are allowed to quietly walk out the door, with that core tacit data uncollected. Some of the real solutions are working at Home Depot stocking shelves, instead. Honor the skill. Build the future.

Its actually insanely crazy that the Chinese government had to start taxing China based Amazon sellers before even the US government took action, despite this being a huge issue raised by American sellers for a decade now. Like Shenzhen is actually shook right now, you have no idea. There's a ton of anxiety in every Chinese City of note by cross border e-commerce sellers that the fun ride is now finally up, since they can't defy their own government by not paying taxes. This is unironically why America is the greatest place in the world to sell, its a money printer that rewards capital and ambition, however that outcome means its intensely terrible for Americans who aren't using it as a money printer or utilizing arbitrage to profit off it.

Jeff Bezos is worth $238 billion, even though Amazon has a $2.6 trillion market cap. In other words, he’s created $2.4 trillion of value for other shareholders—plus trillions more for employees, customers, suppliers, governments, and other stakeholders. Jensen Huang is worth $164 billion, while NVIDIA’s market cap is $5 trillion. That’s $4.8 trillion of value for other people (not to mention the immeasurable value created for non-equity stakeholders). Larry Page and Sergey Brin? $300 billion vs. $3.3 trillion. That’s $3 trillion of value for everyone else. And remember how bad search was before Google and how clunky email was before Gmail? Mark Zuckerberg? $248 billion vs. $1.8 trillion. The list goes on. There are hundreds more examples across technology, energy, medicine, manufacturing, and every other industry that keeps the American economy running and our society flourishing. Billionaires don’t extract value from the rest of us. They create value FOR the rest of us, in exchange for just pennies on the dollar. We should be grateful for every last one of them.

A lot of people have heard about the Chinese tax bureau cracking down on ecom tax avoidance. This channel is anti-China biased generally but will give you an idea what is going on. youtube.com/watch?v=xb-v0_… At a high level, every seller's top line revenue is now visible to the tax bureau (not just Amazon, all platforms, including domestic). BUT a lot of these companies don't have official invoices for their expenses, so they can't deduct them. And even the Amazon expenses might not be deductible if they are not in a big city where the tax bureau understands overseas ecom operations. There is your little explainer. Queue the comments on how they deserve it😅












If a company can break the entire internet, they are too big. Period. It's time to break up Big Tech.


Jeff Bezos, worth $240 billion, sailed on his $500 million yacht to a $55 million wedding in Venice to give his wife a $5 million ring & spends $12.7 million on union busting so he can replace workers with robots. His tax rate: 1.1%. 5 words: Tax billionaires out of existence.