And how effective will the tariff collection be compared to income tax? All the income tax workers will have to be transferred to customs. If the efficiency isn't similar, then US Dollar might have issues.

And it is much easier as of right now to evade customs and tarrifs than income taxes. You can undervalue very easily.

And with exports of China shrinking because of tariffs they'll be forced to increase domestic demand.

Trump really hates Amerikkka.

all 28 comments

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[–] plinky@hexbear.net 45 points 10 months ago (2 children)

trump after meeting kim jong un have learned about self-sufficiency theory-gary

[–] ksynwa@lemmygrad.ml 32 points 10 months ago (1 children)

Trump juche arc

[–] miz@hexbear.net 6 points 10 months ago* (last edited 10 months ago)

the hamberder feast picture, but with banchan and bibimbap

feast-1 feast-2

[–] FuckyWucky@hexbear.net 9 points 10 months ago

Too bad he didn't tell him about material conditions (or trollface )

[–] AmericaDelendaEst@hexbear.net 37 points 10 months ago (1 children)

honestly cool i'll love not paying taxes, not like the federal government does dick all for me with my money. If they wanna bomb iran they can pay for it, lmao

Nobody needs to tell me how taxes work or are necessary for a functioning state, I already know, I've played more victoria 3 than you scrubs, but we're paying taxes and we don't even get a functioning state out of it 🙄

[–] aStonedSanta@lemm.ee 1 points 10 months ago (2 children)

Your money will end up worthless lmfao

[–] 666@lemmygrad.ml 11 points 10 months ago

So will this country, which is a good thing!

[–] anarchoilluminati@hexbear.net 7 points 10 months ago

waow-based

[–] QuillcrestFalconer@hexbear.net 37 points 10 months ago

Critical support for trump destroying Amerikkka

[–] Collatz_problem@hexbear.net 29 points 10 months ago

Accelerationist Trump is my favourite bit.

[–] Coolkidbozzy@hexbear.net 22 points 10 months ago (3 children)

I'm wondering if he means a turnover tax, like the USSR (they and the DPRK abolished income tax)

[–] Bobson_Dugnutt@hexbear.net 23 points 10 months ago (1 children)

turnover tax

They better not tax empanadas

[–] SpiderFarmer@hexbear.net 19 points 10 months ago (1 children)

Just the bad ones.

[–] Coolkidbozzy@hexbear.net 20 points 10 months ago (1 children)

I should just start reposting things I said in the past

[–] alcoholicorn@lemmy.ml 9 points 10 months ago (1 children)

Taxing intermediate goods seems economically inefficient.

[–] Coolkidbozzy@hexbear.net 12 points 10 months ago (2 children)

Do you think that economic efficiency is the most important outcome of tax policy?

[–] alcoholicorn@lemmy.ml 6 points 10 months ago* (last edited 10 months ago)

Yes, though other considerations such as practicality affect what's most efficient; a perfectly ideal system isn't the most efficient if there's no means or political will to implement it.

[–] Sodium_nitride@lemmygrad.ml 3 points 10 months ago (1 children)

Why shouldn't it be? There are other ways to control inequality for a socialist state (since they control wages). All taxes (and rent, interest, profit) in a country are ultimately paid out on nation's labor. Taxing wages directly is the most sensible way of levying taxes as it doesn't have the risk of distorting the economy in unexpected/unwanted ways, and you can use progressive income taxes to readjust inequality.

[–] Runcible@hexbear.net 7 points 10 months ago (1 children)

There are other ways to control inequality for a socialist state (since they control wages)

[–] Sodium_nitride@lemmygrad.ml 5 points 10 months ago

Both the ussr and dprk control all/most firms in the economy. If they think that there is too much inequality in the existing wage structure, they can easily change it. As an example, the Chinese government implemented a salary limit on super high income earners in the state owned finance sector.

[–] SkingradGuard@hexbear.net 20 points 10 months ago

This is hilarious, please do it mr trump, it would be very funny and a very good idea!

[–] windowlicker@hexbear.net 16 points 10 months ago

he doubled down on this statement by literally saying "yeah, sure, why not?" to joe rogan. america is a joke.

[–] Des@hexbear.net 6 points 10 months ago

Liv Agar