This is either a massive new tax or, like the U.S. Steel arrangement, socialism.
Why are elite capitalists more worried about a NY mayoral candidate’s corner grocery proposal than this?!?!?
U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China www.nytimes.com/2025/08/10/t...
where are all the screaming “that’s COMMUNISM!”?
Al Capone lives!
FFS, it ain't "socialism"; it's a protection racket...
That’s what the billionaires running the major outlets focus on—but what are they really thinking and where would they feel safe to express that without drawing trouble their way?
I can think of other terms
extortion
shakedown
Can you say “shake down”? How about “bribe”?
The American government is now an extortion racket.
The US Steel arrangement is not socialism
How long before fentanyl is free-flowing as long as the cartels make a generous donation to the “Trump Presidential Library?”
EMBEZZLEMENT...
Because they're the ones who the 15% will ultimately be distributed to.
An export tariff is just as much a tariff as an import tariff.
How does still selling the chips to China help solve the competition with China?
Bc in their own way, CEO executives know their businesses r crime syndicates undermining their own workers, consumers and gov regulators too
It’s good to know economic central planning, the heart of conservative aspirations for centuries, has finally come to fruition
It’s not socialism. It’s a shakedown. They’re paying “protection” money to Donny Two Dolls.
Mafia shakedown.
This is communism. This is not socialism.
The state-corporate alliance when the state calls the shots is fascism.
Extortion is what Trump thinks is being president.
It's no different than a Mexican cartel charging businesses money each month under threat of violence.
It's just a bigger scale.
The extortion part is exactly the same.
He's turned America into a 3rd world country.
It’s a return to monarchy
en.wikipedia.org/wiki/Royal_f...
Because Trump is for sale 24/7/365
The one thing he's not really taking into account is China could very well tell TSMC to cut them all off, copy Nvidia's homework and that's that. They have the best 2nm process node in the world. a decade ahead of everyone elses and you cant just spin that up on this side of the pond.
the word you're looking for is shakedown
If and when we do have a revolution in this country, we need to do it the French way.
The oligarchs are killing us.
They're going to end up paying more in Bribes than they ever would have paid in fair taxes. Then they'll be driven out of business entirely cos the economy has been demolished.
It is fascism. The national government control of private businesses through threat, intimidation, and violence.
It is the rule of mobsters.
Remember when Republicans were aghast over any government intervention in private business and markets? The talking point was let the market be free of government intervention. They flip flop with the wind and show they are not to be trusted nor relied upon for a fair, just and healthy economy.
This is one reason why I believe Trump will never go to war with China over Taiwan. Our economies are too entangled. War would be an economic disaster for both sides.
FFS
No.
Fascist extortion.
Can't open it bc I don't have a subscription 😔
More grift, call it what you want.
It could also be a protection racket…..
Funny how the people who melt down over a grocery co-op in Brooklyn will quietly nod along when the government takes a bite out of Nvidia’s China sales. Maybe it’s not socialism they hate — maybe it’s just the idea of ordinary people having any power at all.
It's extortion by the Rapist, and bribery by the company.
It's government by the Guidoes.
The youtube channel Gamers Nexus is releasing a documentary about this soon. The silicon is made in Taiwan but the boards are all fabbed in China. Chinese techs can just make their own boards and put black market chips on them. China is WAY ahead of us on this, it's a stupid plan and it won't work.
The companies will have the cost of extortion built into their price structure
Paywall...
More comfortable paying bribes than paying taxes?
🤷🏿♂️
This is so terribly wrong. When did US gvt go into extortion of this magnitude…nvrmd
A page out of kleptocrat Putin's playbook.
Socialism is when the workers own the means of production
They have no intention of ever leaving office.
Big corporations and fascism go hand in hand. Hard working middle and lower income folks get f**ked.
This is stupid Americans voting for a guy who thinks he’s running his own company from the WH. SCOTUS and Congress have to stop him - he’s incompetent and in violation of US law. Impeach and convict and remove now
vig.👀
📌
It is funny how all these people scoff and moan at the idea of government run grocery stores when the whole PX/Commissary system exists right now
So they sell the chips and later sue the government for unconstitutional tax. Boy that Trump and his deal making…
It's extortion by Mad King Donald:
"That's a nice AI chip firm that you've got there. Be a real shame if anything was to happen to it." #Nvidia #AMD #China bsky.app/profile/ianb...
Another part of the Tariff War on Americans. It will get passed on to all of us.
Meanwhile, White House golf trips, ballrooms, patios, umbrellas and VIP parties 🎉 will spend all of any tariff monies. Oligarchs will continue to siphon money from the treasury with government deals, deals, deals…
It's corruption. Follow the money.
that's a nice chip company ya got there. be a shame if something happened to it.
Reeks of Communism.
Congratulations Republican voters! You thought a capital gains tax on people with more than $100 million was communism, and now you have empowered something way more Commie!
Pure kleptocracy!
Paywall
Call me a cynic, but I’m certain that a significant portion of the 15% allocated to the US government will end up in the pockets of the orange sponge 🧽 and his kleptocratic friends.
Down us up.
The government is run like the mafia where it want's it's slice of the pie, shaking down companies, or else he sues them for made up shit.
Some Venezuela shit
Trump does business like putins
In my 70 years, big business has always supported socialism for them. They want to keep the benefits for just them.
And what are the American citizens getting out of this?
Big corporations paying protection money to the local mob boss so he doesn't wreck their shit.
It’s unconstitutional:
Article I, Section 9, Clause 5:
"No Tax or Duty shall be laid on Articles exported from any State."
Most of those chips going to China never even enter the US, do they? So, taking a cut of trade between Taiwan and China?
So The Fat Fuck issues a inverse tariff to aid Chinese chip manufacturers or it’s just another extortion
Do you know what socialism is? Cause it ain’t this.
Where the actual fuck is that money going? Which account is it to be deposited to? And then where does it go?
Step right up and name your price. The U.S. is for sale to the highest bidders.
Sounds like a shakedown. "Nice company you got there, making a fortune in our playground. Be a shame if anything..."
What are these guys called when they are not American ? Oh yeah Oligarchs. But America is different.
Or a fascism.
Why ask policy questions when there’s a BALLROOM to design!!??
National socialism more apt.
It's a shakedown. Gov takes a cut for "protection" in the form of suppressing competition. This is insanity, it's everything the GOP claimed to be against for the last 50 years, and it will destroy our economy and our standing in the world for generations at best, forever at worst.
You are using a strange definition of socialism
It's racketeering.
Is it going to go to the US government, or somehow make its way to Trump's pockets? I mean... it's not like he cares about literally anything other than himself.
Once we're through this, every person involved in this type of corruption needs to be prosecuted.
Not hearing specifics about where this money ends up and that's not acceptable.
Somehow US business leaders are fine with sending 15 percent of what they make in China to the U.S. government. But they didn’t vote for the lady because they feared higher corporate taxes. Make it make sense.
I don’t understand why this is legal and why the “MAGA” think this wonderful, but they are against SS and Medicare.
Why is no one asking where these "cuts" and tariff taxes are going? I've seen no evidence that money is going to any purpose whatsoever.
The Mafia are angels compared with the Trump administration.
They don’t say what entity of the government gets this money but with Monsieur Etat, c’est Moi in charge I have a good guess
Cleptocracy in full daylight.
“Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.” — Benito Mussolini #fascism
The taco regime is more like the mafia than a real government. "Bribes R' Us"
LADIES AND GENTLEMEN: THE MOBSTER PRESIDENCY COURTESY OF DONALD TRUMP. EVERYONE IS EXPECTED TO KICK A PERCENTAGE UP TO THE BOSS. DEPLORABLE, DISGUSTING, IMMORAL, ILLEGAL. ONE THING TRUMP DIDN'T LEARN WHILE EMULATING THE MOB BOSSES IN NEW YORK. SOONER OR LATER THEY GET TAKEN OUT. USUALLY BY THEIR OWN
An additional problem is what I am calling the ByteDanceification of Nvidia.
Why did the US initially move to shut down TikTok? Bc ByteDance's Chinese subsidiary gave Chinese Govt a 1% share & board seat so it might exert control over it.
Will other countries consider Nvidia owned by Trumptocracy?
That’s some Putin shit. Oligarchs bending over n’ shit.
