this post was submitted on 27 Oct 2024
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Chapotraphouse

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https://x.com/Liv_Agar/status/1850375879005999596

Please do it Mr President. Imagine how high the tariffs have to be. Close to like 50-80% maybe? On all imports. That'll cut purchasing power so much.

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.

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[–] plinky@hexbear.net 45 points 1 year ago (2 children)

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

[–] ksynwa@lemmygrad.ml 32 points 1 year ago (1 children)
[–] miz@hexbear.net 6 points 1 year ago* (last edited 1 year ago)

the hamberder feast picture, but with banchan and bibimbap

feast-1feast-2

[–] FuckyWucky@hexbear.net 9 points 1 year ago

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

[–] AmericaDelendaEst@hexbear.net 37 points 1 year 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 1 year ago (2 children)

Your money will end up worthless lmfao

[–] 666@lemmygrad.ml 11 points 1 year ago

So will this country, which is a good thing!

[–] QuillcrestFalconer@hexbear.net 37 points 1 year ago

Critical support for trump destroying Amerikkka

[–] Collatz_problem@hexbear.net 29 points 1 year ago

Accelerationist Trump is my favourite bit.

[–] Coolkidbozzy@hexbear.net 22 points 1 year 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 1 year ago (1 children)

turnover tax

They better not tax empanadas

[–] SpiderFarmer@hexbear.net 19 points 1 year ago (1 children)
[–] Coolkidbozzy@hexbear.net 20 points 1 year ago (1 children)

I should just start reposting things I said in the past

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

Taxing intermediate goods seems economically inefficient.

[–] Coolkidbozzy@hexbear.net 12 points 1 year ago (2 children)

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

[–] alcoholicorn@lemmy.ml 6 points 1 year ago* (last edited 1 year 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 1 year 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 1 year ago (1 children)

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

?

[–] Sodium_nitride@lemmygrad.ml 5 points 1 year 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 1 year ago

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

[–] windowlicker@hexbear.net 16 points 1 year 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 1 year ago