this post was submitted on 12 Nov 2024
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Either he lies all the time or he tells the truth, can't have both. I'd love to try elimination of the income tax in exchange for tariffs but there's no way it's going to happen despite whatever campaign promises were made.
That is a laughably stupid tax policy.
To expand on this, it's laughably stupid because it disproportionately affects the poor. When everybody pays the same tax, poor people have to be taxed significantly more. Same rate of taxation on 35k and 200k, the person earning 200k can easily afford things like food and housing and a luxury car whereas the person making 35k would be pressed just to afford the increased prices on things like groceries and other necessities that tariffs bring. Not to mention that a 10% tariff would not support our budget, and that tariffs are intended to boost domestic manufacturing. When that does occur, the budget starts getting less and less because the US is no longer raking in the tariff cash.
Basically, 20 seconds of thought could tell anybody that this is a terrible idea.
IF the thinker is looking for a good overall policy and not just trying to stick more money in their pockets in the short term.
You expect them to cry about the working class affording food when they only have a house for three out of the four seasons of the year?
That is a laughably stupid tax policy.
A comment so good I upvoted it twice
Why try that? It’s terribly regressive economic and taxation policy. It’s essentially a huge sales tax.
Alternative reality peeps be like: