Tariffs could lead to bankruptcy of Akron-based EarthQuaker Devices, CEO says

Well somebody is gonna win bigly once the small companies are all gone and their buddy drops the tariffs and they sweep in and buy everything for peanuts.
 
andare said:
Well somebody is gonna win bigly once the small companies are all gone and their buddy drops the tariffs and they sweep in and buy everything for peanuts.
Click to expand...
Part of me feels like that's the whole idea
They want to repeat the consolidation of wealth that occurred during the last 2 recessions and covid. People lose their retirement, cars, homes, farms and it's value is scooped up by the wealthy funded by "economic stimulus" and further tax breaks.
 
They want to break/own it all.
Though, I don't find it a bit odd/perturbing that EQD had 52(?) employees and ownership has a lean on their house. I would think covid survival but they should have qualified for a PPE or whatever it was called.
It kinda seems like not the wisest choices were made, or at least poorly informed ones. I don't know their books or business. I'm also one who would leverage the farm...
But with the success/growth they have had...
Maybe they got a house they shouldn't have.
The old grow your business or grow your wealth-cant grow both. Pure speculation on my part but if you bought a McMansion and then borrowed against it... Yeah. The bank is going after the real estate.
 
When they're rich beyond the wildest means, what's left?


POWER!



They seek POWER!



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You could be right. I don’t know them well enough to speculate. I think the point being made is still valid- tariffs damaging smaller businesses.

Also, those covid relief packages were a shitshow too. A lot of rich people got a handout. My favorite metal venue went out of business while waiting over a year for relief.
 
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