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by Joeri
52 days ago
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Actually, a sizable chunk of the refunds will go to companies like Cantor Fitzgerald, the company of the commerce secretary Howard Lutnick (or his sons, which is the same thing), that bought the tariff refund rights last year for 20% of the refund value. While Lutnick was ostensibly pro-tariff, his company was betting against the tariffs being legal, and now will collect refunds paid by the American taxpayer. So in reality, the tax payer is on the hook twice: once for paying the tariffs through increased prices, and once for the debt created by the people disbursing refunds to themselves. |
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