I see the entire Trump Tariff as little more than a stealthy way to create the rejected “National Sales Tax” which proposed to eliminate Fed and State Taxes with a 30% across the board tax on everything….
The Tax Policy Center stated this:
Theory and evidence suggest that the tax would be passed along to consumers via higher prices.
I see the entire Trump Tariff as little more than a stealthy way to create the rejected “National Sales Tax” which proposed to eliminate Fed and State Taxes with a 30% across the board tax on everything….
The Tax Policy Center stated this:
Theory and evidence suggest that the tax would be passed along to consumers via higher prices.
Because lower-income households spend a greater share of their income than higher-income households do, the burden of a retail sales tax is regressive when measured as a share of current income: the tax burden as a share of income is highest for low-income households and falls sharply as household income rises.
In short it screws working class people and eliminates any progressivity in the uber rich paying their fair share.
So, it’s clear that Trump wants to mis-direct the ire of the working class onto all foreign nations we trade with, while giving the uber rich even mo’ money.
Please let go of the decent jobs aspect of Tarriffs, the only jobs “coming back” will be for robots. The New Yorker had a fine piece done on robots and the advances in improving what the robotic hands can do… By 2027 I predict this and AI teamed together will eliminate millions of jobs requiring skilled hand work.
I see the entire Trump Tariff as little more than a stealthy way to create the rejected “National Sales Tax” which proposed to eliminate Fed and State Taxes with a 30% across the board tax on everything….
The Tax Policy Center stated this:
Theory and evidence suggest that the tax would be passed along to consumers via higher prices.
Because lower-income households spend a greater share of their income than higher-income households do, the burden of a retail sales tax is regressive when measured as a share of current income: the tax burden as a share of income is highest for low-income households and falls sharply as household income rises.
In short it screws working class people and eliminates any progressivity in the uber rich paying their fair share.
So, it’s clear that Trump wants to mis-direct the ire of the working class onto all foreign nations we trade with, while giving the uber rich even mo’ money.
Please let go of the decent jobs aspect of Tarriffs, the only jobs “coming back” will be for robots. The New Yorker had a fine piece done on robots and the advances in improving what the robotic hands can do… By 2027 I predict this and AI teamed together will eliminate millions of jobs requiring skilled hand work.