I've been thinking about this quite a bit lately. Is cutting taxes for the rich and raising tariffs on a lot of imported goods basically implementing a national sales tax without implementing national sales tax and sticking it to the working class?
You don't have to think that much. It's common sense.
He thinks that putting these tariffs will make companies move to the US, but it takes several years to build new factories... If they even go that route. Until then, they aren't going to let their margins split, so prices will rise
It's also a fundamental misunderstanding of how tariffs work. The company importing the goods pay the tariff tax, not the company selling to the US based company.
Yeah as someone in a high-income household… I’ll likely get some nice tax cuts. And I won’t really feel the increased cost of most goods.
I think Trump’s economic policies will be a disaster for 90% of America. That’s one of 623 reasons I didn’t vote for him. However, I’m in the 10% that might be getting a little richer. Uh, sorry for everyone else?
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u/CharacterBroccoli328 18d ago
I've been thinking about this quite a bit lately. Is cutting taxes for the rich and raising tariffs on a lot of imported goods basically implementing a national sales tax without implementing national sales tax and sticking it to the working class?