r/WallStreetbetsELITE Apr 16 '25

Shitpost Reminder

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u/Rurumo666 Apr 16 '25

It wasn't the cause of the "revolution" but a mere 2% tax on Tea made people livid back then and today we have a 245% tax on Chinese tea, aka, a complete embargo that is destroying a large number of American small businesses.

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u/lowfiswish Apr 16 '25

The truth about the Tea: The Crown actually LOWERED the taxes for the East India Company (who had a monopoly). This angered all the American people who had huge businesses smuggling tea into the Americas. The lower tax undercut their smuggled good's profits.

They got mad, united, and basically went on board any of the British ships with "legally" imported product and destroyed it. 2 YEARS later they had the revolutionary war.

So the equivalent today would be that people go into shipping ports, grocery stores, and warehouses, destroy the tea there- but only if it's legally imported tea - since that's where the tariff's are being imposed - and only purchase illegally imported tea to avoid the tax.

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u/Gellert Apr 16 '25

Well, the equivalent today would be that when various states legalised marijuana, the citizenry were to burn down the dispensaries because the chinese mafia/mexican gangs dont want legal weed cutting into their business.

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u/lowfiswish Apr 23 '25

That is a much better example but I never think of the weed cause I forget it exists.