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Too bad that Trump listens to some rednecks on Twitter more than any economist out there.
Submitted 4 months ago by MicroWave@lemm.ee to economics@lemmy.world
Too bad that Trump listens to some rednecks on Twitter more than any economist out there.
Trump wants to tax the world, as long as he’s exempt from it
FTFY
as a revenue source to reduce domestic income taxes.
But only for high income brackets.
Otherwise he will increase your taxes again.
Any tariffs introduced by Trump are a de-facto tax on the citizens who buy the product that is under tariff. It is, by it’s nature, a regressive tax because higher earners do not pay more than the poor.
Classic protectionism, if only he could read he could open a history book and see how that went there last time
Oh you mean the thing that led to the Great depression?
Blue_Morpho@lemmy.world 4 months ago
“Trump wants to tax the world” ???
That’s a horrible headline. It feeds the myth that tariffs are a tax on other countries. They aren’t. Tariffs are a name for a type of sales tax.
The title needs to be “Trump wants to raise taxes on Americans.” Because that’s what a tariff is. It’s a tax on Americans- not anyone else.
Fuck the media for not attempting to educate Americans.
Pronell@lemmy.world 4 months ago
Okay, so what’s the other side? He decides not to tariff them if he gets a personal bribe or policy concession.
That’s the Trump tax.