If he is so certain it will work why isn't he ending income tax right now?
this post was submitted on 29 Apr 2025
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Exactly whenever I see some rightiod say this shit I'm just like why didn't he completely eradicate income taxes as apart of the tarrifs if that's how they work
Maybe if we stopped wasting so much of our money on "defense" spending
Stupidest idiot in the history of stupid. It's like he learned a new word and it's stuck in his head and all he can say is tarrif, tarrif, rarifffFfffFffs.
These guys are just such assholes.
How sick do you have to be to shift all the burden on to the people that have the least?
It's the main tentpole of Project 2025.
This is like backwards georgism. The fash dream.
George did nothing wrong
But George Santos did.
Now I'm no economician, but isn't this like saying "we'll replace writing class with origami class?"
No, replacing income tax with tariffs isn't basically the same thing. It's worse. It is replacing a progressive tax (one that is easiest on lower wage earners and gets higher with income levels) to a regressive tax (one that more greatly effects lower wage earners than higher) because lower wage earners have to spend most or all of their income for survival, while high income earners regularly use their surplus money for things unaffected by tariffs, like investments, property, travel, etc.
*affects. What you wrote - that it effects low income earners - means the opposite, that it enables them.
Is it regressive though? Multimillionaires don't pay income taxes at all, they have no income. Elon musk isn't sitting down in April to fill out a 1040 or a 1099. They pay capital gains and other rich people taxes. With a consumption tax like a tarriff they'd at least be paying something even if it's a lower percentage of their wealth than yours or mine.
Multimillionaire do not, no. The ultra rich either have no income, have negligible income, or are compensated in ways that aren't subject to income tax. That's why there should be a wealth tax and sensible capital gains tax.
I agree. But wealth taxes aside, assuming the middle and lower classes end up paying about the same as they do now, the wealthy will pay more under a consumption tax (as in, more than the nothing they pay now).
Marginally. They don't spend most of their money on goods.
Not most of their money, no. Way more than I spend on goods. Exponentially more. I have no faith that the current admin will pull this off in a way that benefits the 99% but it's not outside the realm of possibility that some form of consumption tax would. It doesn't have to be regressive.
There is literally no way to put a flat tax on goods without it disproportionately effecting poorer people unless it is exclusively on luxury goods they are not buying
And yet, if it replaced income tax, it could affect the wealthy who are currently paying nothing. It's not a perfect solution. If implemented right, it could be an improvement over the current one.
Ok, so yes, more ultra rich may pay a little more tax than they would with income tax. But, the much more important part here, the poorest people will ALSO pay more in taxes, money that they do not have to spare. That is what makes it regressive.
That's a good point. I forgot there were people who weren't paying any income tax at all at the lower end of the wealth spectrum.
It's more like Trump saying "we'll replace taxes on me with taxes on you."
Trump got caught knowing nothing about tariff's when on a finance news show. Trump said to the interview guy "No! You know nothing about tariff's!". Since then he has gone all in on the tariff's he knows nothing about because he does not want to admit he was a fool.
No at this point it's so we'll known that Peter Navarro just lied and created fake experts to make his bullshit tariff theories seem more sane.
You know the last time tariffs got out of control here we threw some tea in the bay.
This time it’ll be teslas. Teaslas?
Tesler
I like the idea!
I think Boston knows what they need to do. have a tesla party.
Of course he would. It would be a massive shift of taxation towards the middle class and especially the lower classes, and on top of that, he personally gets to decide who gets to pay and who doesn't; how much and when, and especially why or why not.
On top of the continual shift of taxation towards the middle and lower classes we’ve had since Reagan.
The “good old days”the Republicans want to go back to were only good in the sense that the top tax rate was 90% and the rich paid something much closer to their fair share, and the middle class was able to actually have comfortable lives. But they want everyone other than them to be on the brink of economic ruin at all times so that they are more easily controlled.
Absolutely. It's as if they had declared that life in America was much better in the 50s, and the lesson they learned was that it wasn't possibly because of the economic policies of the post-war era, but because of the bigotry and racism and xenophobia.
Yes it’s all connected to racism and sexism.
So it is a tax on the people with out any representation. Seems like there was something like this in the past the North Americans dealt with
Time to start throwing big macs in the harbor?
At least the tea was biodegradable.
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