It's my point.
No it doesn't. It's the same exact outcome. The working poor have more money to spend. But that extra money will go to taxes, just like it did when their income was taxed.
It's a wash. Not everything they buy is going to cost more because of tariffs. Not even all imports are going to be taxed higher. Only things on the list.
BS. Most rich people have zero to do with government. Only the lobbyist and special interest. The practically own 95% of congress. They're rich, obviously. But just saying "rich people" is misleading. That's a very broad brush you're using.
Trump doesn't actually want to eliminate the income tax and raise tariffs. He's lying again, because his supporters are too stupid to realize that
1. He's lying
2. The president doesn't have the authority.
3. What ever an increase in tariffs are, would still be revenue neutral to the government. Just like his BS tax cuts were. What ever the short fall was on taxes, only increased the borrowing from the fed. Which increased the inflation tax that everyone is still paying for.
Trumps a F'ing liar and is just throwing BS against the wall, because he knows it'll draw attention.
Exactly. And middle class small business owners don't make as much. Another reason why this end the income tax for higher tariffs is a stupid idea.
But remember, it's just another Trump campaign lie. Like his "10 new cities" idea. Or make Mexico pay for the wall. or all the others.
If a poor person gets $20,000 a year, and they pay $10,000 in tax, and another poor person gets $20,000 a year and they pay $5,000 in tax, who do you think will have more money to spend on things?
If you get rid of income tax, and expect tariffs to bring in that extra, it's not going to work.
The article says you'd need to increase ALL TARIFFS to 133%.
No, if you don't increase tariffs on this item, then you need to increase tariffs on something else. Meaning you're pumping tariffs for other things to 250%, 500% what ever.
Either way it'll make it prohibitive, so it want get imported, and you won't make any money from it.
Doesn't matter whether "most rich people have nothing to do with the government". I didn't say all rich people did this.
The Koch brothers, for example, have changed the Republican Party with their money.
Walmart helped get in a practice where WALMART can get its workers to have government money because Walmart doesn't pay them enough.
Many rich companies go around the US asking for tax cuts. "We'll come to your state if you give us the best deal, what will you offer us?" And this can often mean paying so little in tax they become uber-competitive and force others out of business because they're literally BRIBING the governments.
So Trump is lying. Well great. So we need to tell his supporters A) his idea is fucking stupid and B) he'd never do it, just like "lock her up".
And what will his supporters do? Nothing. They'll still vote for him.
www.snopes.com
