Trump wants to eliminate income tax, but replace it with tariffs on imported goods.

[TheProgressivePatriot]

For the record. I did not tell what what you are thinking . I made the observation that you are not thinking , You are unable to think

 

[Slade3200]

Tariffs have been part of world economies for several hundred years before Marx and Engels

At the very least libs should agree to raise tariffs on china equal to the lower environmental standards that they have

I said at the start that I don’t mind the use of tariffs. Just like I’m sure you understand and support our countries right to imposes taxes. It’s not about whether they are used or not that’s in question. It’s how they are used that’s in question

 

[Orangecat]

For the record. I did not tell what what you are thinking .

Sure thing, simplejack:

The only reason why it sounds good to you is that it was uttered out of the pie hole of your lord and savior.

 

[Mac-7]

I said at the start that I don’t mind the use of tariffs. Just like I’m sure you understand and support our countries right to imposes taxes. It’s not about whether they are used or not that’s in question. It’s how they are used that’s in question

Yes I get all that

The best plan is to target china and decouple from them as soon as possible

 

[TheProgressivePatriot]

Sure thing, simplejack:

Just a few questions , Kid

How will funding the government entirely through tariffs effect consumer prices?

What percentage must the tariff be to fund the goverrnement?

What economic demographic will be most impacted by the plan and how?

Are tariffs a regressive or progressive form of taxation?

How will other countries respond to our high tariffs?

How will it effect the national debt and the GDP?

How does Trump and Ron Paul answer these questions, if they do at all?

 

[Orangecat]

Just a few questions , Kid

How will funding the government entirely through tariffs effect consumer prices?

What percentage must the tariff be to fund the goverrnement?

What economic demographic will be most impacted by the plan and how?

Are tariffs a regressive or progressive form of taxation?

How will other countries respond to our high tariffs?

How will it effect the national debt and the GDP?

How does Trump and Ron Paul answer these questions, if they do at all?

Sorry, chump, I don’t waste my time answering questions from morons.

 

[Slade3200]

Yes I get all that

The best plan is to target china and decouple from them as soon as possible

A lot of things are good ideas. Targeting China is not but decoupling is. But again HOW we do it is important and Trumps tax and tariffs plan is simply retarded.

It’s him playing populist and saying things that China haters and nationalists want to hear. But it’s not a thoughtful plan if you look at the whole picture. Something Trump doesn’t ever do

 

[Fort Fun Indiana]

"Who knew that we also rely on imports, too?"

- Orange Moron

 

[YoursTruly]

I believe in a balance between globalism and nationalism. Too much in any direction and it’s not good. We went too far over the past three decades and we screwed our countries ability to manufacture. I’d love to see it come back but it’s not so simple as it could destroy our economy. A smart strategy needs to be put in place.

If you want to play the partisan hypocrisy games I could point out how you are wanting to use the power of the federal government to tax goods to influence businesses on how and where to manufacture. So very commie of you.

If they'd do something about the USD value, as in match it closer with the yuan or the peso (not exactly, of course, Just a lot closer), that would bring so many jobs back to the US, that illegal immigration wouldn't be much of an issue.

Wages are a direct correlation to the USD value. If $10hr was a lower middle class wage, this countries manufacturing would be off the chain.

Congress has a constitutional authority to do it. What they don't have is the "want" to do it. They're too busy spending the dollar. Not managing it's value.

 

[TheProgressivePatriot]

Sorry, chump, I don’t waste my time answering questions from morons.

Holy fucking shit!!! What a pathetic bullshit cop out. !!! Clearly you can not answer the questions. We're done here . You have made it clear to everyone how stupid you actually are

 

[Orangecat]

Holy fucking shit!!! What a pathetic bullshit cop out. !!! We're done here . You have made it clear to everyone how stupid you actually are

 

[Skylar]

Just a few questions , Kid

How will funding the government entirely through tariffs effect consumer prices?

They'll cause massive price spikes in all imported goods. And with higher prices on imported goods, domestic goods can increase in the price vaccum.

What percentage must the tariff be to fund the goverrnement?

Its estimated to be 85% to 125% on every imported good from any source.

What economic demographic will be most impacted by the plan and how?

That would be the poor and middle class, as this is consumption based tax, which is inherently regressive.

Are tariffs a regressive or progressive form of taxation?

Regressive. They're essentially a consumption tax. There are no earned income tax credits for a tariff.

How will other countries respond to our high tariffs?

With their own tariffs, severely damaging our export markets. With the tariffs in our country severely damaging the import markets.

With trade tied to roughly 1 in 3 full time jobs in America.

How will it effect the national debt and the GDP?

It will almost certainly increase debt dramatically while reducing GDP. As it will reduce trade and thus damage all those industries tied to trade and slow economic activity. Roughly 1 in 3 full time jobs.

We tried this once in 1930. The great depression immediately followed.

And since 85%-125% will make import goods more expensive by about DOUBLE, the import market will collapse. And with it, tariff revenue. Which means we'll need to borrow much more to cover the difference.

Tariffs are MUCH more unstable revenue sources than income taxes.

How does Trump and Ron Paul answer these questions, if they do at all?

They don't have the slightest fucking clue. This is the same guy that wants to LOWER fed fund interest rates to reduce inflation. That's like putting out a fire by dousing it with gasoline.

 

[TheProgressivePatriot]

They'll cause massive price spikes in all imported goods. And with higher prices on imported goods, domestic goods can increase in the price vaccum.


Its estimated to be 85% to 125% on every imported good from any source.



That would be the poor and middle class, as this is consumption based tax, which is inherently regressive.


Regressive. They're essentially a consumption tax. There are no earned income tax credits for a tariff.


With their own tariffs, severely damaging our export markets. With the tariffs in our country severely damaging the import markets.

With trade tied to roughly 1 in 3 full time jobs in America.


It will almost certainly increase debt dramatically while reducing GDP. As it will reduce trade and thus damage all those industries tied to trade and slow economic activity. Roughly 1 in 3 full time jobs.

We tried this once in 1930. The great depression immediately followed.

And since 85%-125% will make import goods more expensive by about DOUBLE, the import market will collapse. And with it, tariff revenue. Which means we'll need to borrow much more to cover the difference.

Tariffs are MUCH more unstable revenue sources than income taxes.


They don't have the slightest fucking clue. This is the same guy that wants to LOWER fed fund interest rates to reduce inflation. That's like putting out a fire by dousing it with gasoline.

Yet you said that the tariff plans "sounds good" What the fuck?? You are rooting for the destruction of the American economy?? !! There seems to be something seriously wrong with you.

 

[Skylar]

Yet you said that the tariff plans "sounds good" What the fuck?? You are rooting for the destruction of the American economy?? !! There seems to be something seriously wrong with you.

I didn't. I said they were a terrible fucking idea that history has already demonstrated will have catastrophic results.

Starting all the way back in post 4.

 

[Markle]

It is, perhaps, the reasonable outcome to the near decade of mis-information that the MAGA dolts have been trading in.

For how many years have right wing loons been stating that “only the rich pay income taxes”. And they were right (sort of). The rich pay most of the taxes:

View attachment 964296
So now, these poor miserable red-state poverty ridden doofuses who don’t pay much in taxes--that is ACCORDING TO THEM--want to change the system to where the income tax (that they aren’t paying) is replaced with a massive new tax on EVERY FUCKING THING THEY BUY that is imported (which is 80% of everything you see at WalMart).

They can’t understand that they are willingly putting their neck on the guillotine.

Such is life in the cult.

Goofy attempt at diversion. Now, who PAY Federal Income Taxes?

 

[Markle]

Also keep in mind that these morons were also the dudes who were (once) singing the praises of the TEA Party.

it, like MAGA is just a fad to them; what they are “for” is disruption. They have no principles.

Yeah, the Tea Party were a bunch of hooligans, beating people, torching neighborhoods and worse.

 

[candycorn]

Goofy attempt at diversion. Now, who PAY Federal Income Taxes?

Goofy response...I had confirmed what your graph said.

But you guys want to get rid of that to where every the red 3% now pay what the blue 40% is paying.

Why? Nobody knows....

 

[TheProgressivePatriot]

I didn't. I said they were a terrible fucking idea that history has already demonstrated will have catastrophic results.

Starting all the way back in post 4.

OOOOOPs that was intended for Orange cat

 

[Lakhota]

This video estimates that tariffs would have to be at 133%. This would mean that other countries would also put up tariffs on US goods.

So, A) foreign goods for the US would be too expensive for people to buy

B) US goods would be too expensive to sell abroad.

C) This would hit the working classes the hardest. Any tax which taxes what people buy, like sales taxes, is worse for poor people than income taxes, as the poor pay a high proportion of their wages on goods, while the rich don't.

Nothing says "I Don't Care About You, I Just Want Your Vote" than this policy.

Trump Told Rallygoers, 'I Don't Care About You, I Just Want Your Vote'?

"Freudian slip of the century," one X user wrote.

www.snopes.com

Lawrence O'Donnell just did a segment on Trump's tariff idea - which is truly insane!

 

[Mac-7]

A lot of things are good ideas. Targeting China is not but decoupling is. But again HOW we do it is important and Trumps tax and tariffs plan is simply retarded.

It’s him playing populist and saying things that China haters and nationalists want to hear. But it’s not a thoughtful plan if you look at the whole picture. Something Trump doesn’t ever do

You focus on trump when your attention should be on communist china

You’re playing politics when we need strategic economic and military defense