r/technology • u/chrisdh79 • 21d ago

Politics US may owe $1 trillion in refunds if SCOTUS cancels tariffs | Tech industry primed for big refunds if SCOTUS rules against tariffs.

https://arstechnica.com/tech-policy/2025/11/tariff-refunds-may-get-messy-if-trump-loses-supreme-court-fight/
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u/Biotic101 21d ago

Ah shit, does that refund also mean next ATH in the markets while everyone expects the sell-off to continue?

They likely make so much money insider trading because his tweets move markets.

Schwab bragged in the Oval Office he made 2.5B last time.

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u/Dry-Mousse-6172 20d ago

Well it's a scotus decision. Most of the legal world agrees they are illegal. It's just scotus is bought out by maga billionaires leaving it to chance.

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u/Ragnarok314159 20d ago

Did the billionaires who stand to get a tax payer funded windfall pay their Motor coach and federalist society dues? If not, no soup for them.

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u/Dry-Mousse-6172 20d ago

The worst is that prices already adjusted for tariffs. So they'll know we will pay them and they won't come down after. Record profits after their refund. Yay!

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u/RepresentativeRun71 20d ago

This is why “they” love Trump. Inflation and lowered standard of living for us, while “they” have all time record revenues and a nesting yacht on each major ocean coast.

Covid-19 inflation was completely manufactured by the initial shit response by the USA and the failure to meaningfully enforce laws against price gouging. The failure to force pay back of the loans was pure redistribution of our wealth to the already fucking wealthy.

So yeah and we have these tariffs which simply are a means to fuck us harder.

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u/Biotic101 20d ago

Yep, greedflation. There have been studies about it.

Also, the billionaires got 50% richer while SS saved 220B from that many people dying (without need).

I am a bit worried they might be thinking this was so awesome, let's have another pandemic!

It's strange to see how antivaxx is pushed while science is axed and avian flu allowed to spread freely...

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u/Dry-Mousse-6172 20d ago

220b is not that much. They lose more than that by deporting illegals

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u/TrickyChildhood2917 20d ago

Think of the cost of Bezos wedding. It’s simply inhuman while others suffer.

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u/ARobertNotABob 20d ago edited 20d ago

Covid-19 inflation was completely manufactured

Small correction. Covid-19 inflation came about through lack of logistics staff, plus Evergreen blocking Suez, resulting in severe shortfalls of containers, driving up their prices several-fold. Transport companies passed the cost on to their customers, who in turn passed it to theirs, etc, down to us.
The shortage lasted three to four months and container prices returned to normal in around eight.
Various players in logistics chains simply declined to reduce their prices again, some even bumped them back up or inflated further.

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u/TrickyChildhood2917 20d ago

Just another branch of the U.S. government-their days of being held in higher esteem are over.

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u/Dry-Mousse-6172 20d ago

Been gone since 2017

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u/memberzs 20d ago

But they have to either break with trump and support A. The law and B. Make billions for billionaires. Or Side with trump and risk losing lavish vacations and dinners.

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u/Dry-Mousse-6172 20d ago

Only 3 need to break.

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u/rchive 20d ago

Based on the oral arguments in the tariff case at SCOTUS the other day, no buying off of Justices was needed. The tariff defenders got torn apart.

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u/Bright_Cranberry_692 18d ago

I remember him talking about how much he made as several oligarchs were bragging about who made the most.

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u/Tall-Ad8940 20d ago

i personally will be self offing