It's a smart play for a flat tax. Baseline at 15-20% on imports (proxy for flat tax on income). Then push to eliminate income tax. It's very much aligned with conservative view points on income tax and it's progressive nature.
It's a smart play for a flat tax. Baseline at 15-20% on imports (proxy for flat tax on income). Then push to eliminate income tax. It's very much aligned with conservative view points on income tax and it's progressive nature.
Smart if you ignore mathematics
I don't necessarily disagree, a federal sales tax / VAT could make sense. But so far all it's been is conflicting objectives for tariffs: eliminating income tax, trade deal negotiations, and bringing jobs back. I don't think you can have all three of those simultaneously.
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You're ranting.
Many governments, at least the ones that matter, are bankrupt. Quick google shows all G8 countries run a deficit.
My "smart play" wasn't on the merits of idea, largely the game theory aspect of moving forward to their policy goals after decades of having no traction. It's a unique idea, policy wise. Don't know if it will be effective. Neither do you.
>You're ranting.
Sadly I'm not. I'm objectively stating facts. This criminal cabal of spectacularly incompetent clowns is absolutely ransacking the final days of an empire. It is astonishing how Americans are unaware of this.
>Many governments, at least the ones that matter, are bankrupt. Quick google shows all G8 countries run a deficit.
The US ran a $2.3 trillion dollar deficit over the last 12 months, and spending has gone absolutely wild. At the same time it's handing out massive tax cuts to corporations, and has absolutely no path to get back on track. Quite the opposite, the Trump cabal is basically making it impossible to get back on track. Which is why they're looting everything they can as quickly as they can.
>Neither do you.
Yes, I know that it was harebrained and literally zero economists with a functioning brain have called it a "smart" play. Only absolute cultists or the most profoundly gullible ever found the arguments by the criminals convincing.
Further, as is classic with Trump's lies (that only spectacularly gullible and/or stupid people fall for), he sells every angle of the same play simultaneously. Not only will tariffs eliminate income tax -- a notion that is so mathematically stupid it is instantly dismissible -- simultaneously all of those jobs are going to be repatriated and there will be no imports. These two notions are absolutely at odds -- and both are just utter fantasy nonsense -- but stupid people believe what stupid people do.
And yeah, bro, tariffs are not a unique idea. There is no novelty here.
You are definitely ranting. The facts that might be there are buried in the rhetoric.
> It's laughable mathematical fantasy
I mean 2.5 / 3.4 = ~ 75%. A measly 75% tariffs will allow the abolition of income tax.