Stupidest idiot in the history of stupid. It’s like he learned a new word and it’s stuck in his head and all he can say is tarrif, tarrif, rarifffFfffFffs.
If he is so certain it will work why isn’t he ending income tax right now?
These guys are just such assholes.
How sick do you have to be to shift all the burden on to the people that have the least?
It’s the main tentpole of Project 2025.
Now I’m no economician, but isn’t this like saying “we’ll replace writing class with origami class?”
No, replacing income tax with tariffs isn’t basically the same thing. It’s worse. It is replacing a progressive tax (one that is easiest on lower wage earners and gets higher with income levels) to a regressive tax (one that more greatly effects lower wage earners than higher) because lower wage earners have to spend most or all of their income for survival, while high income earners regularly use their surplus money for things unaffected by tariffs, like investments, property, travel, etc.
This is like the $5,000 stimulus checks Elon talked about and that “concept of a plan” from 2016. He knows his base doesn’t want to pay taxes, so if he references the possibility to get rid of them, they will keep holding on and later he can just blame the libs for it never happening.
Sadly, the “concept of a plan” line was from last year. :/
So it is a tax on the people with out any representation. Seems like there was something like this in the past the North Americans dealt with
I almost say do it, triple-double-multiplier tariff added on everything! From water to bathroom visits to minutes of watched television, sodas to butter, corn to newspapers, even icecubes must not escape tariffs to make the country great again…
Then I give it 6 months, after which I suspect personal hells will open up…Say, what about sales taxes eh? Seems those remain, hmm, so it’s actually a tariff on top of taxes?
Sales taxes are state/city level taxes, there are no federal sales taxes (yet). But he is essentially using the tariffs as a way to enact sales taxes without really adding a sales tax.
With the tariffs he can add a massive tax on the people which Republicans would normally be very much against, but he can say it is about being pro American and most of them forget about all of the extra money they will be paying.
This shifts the tax burden further onto middle/lower income homes and lets him give more income tax cuts to higher earners without increasing the deficit so much that congress would turn on him.
The Republicans have actually been talking about this for a long time they called it the “fair tax”. Their fair tax plan was basically a flat ~23% federal sales tax that would replace income tax, but they could never get their base behind it.
Someone on Trump’s team realized that we buy so much from other countries that he could accomplish the same thing the fair tax aimed to do via tariffs while selling them to his party as “buy American”. His lower/middle income base eats that up, and his campaign donors see it as killing their overseas competition.
If it weren’t for the other countries reciprocating it would have been a good plan for them.
Sales taxes are state/city level taxes
Many other countries have them at the national level too.
You know the last time tariffs got out of control here we threw some tea in the bay.
This time it’ll be teslas. Teaslas?
I like the idea!
I think Boston knows what they need to do. have a tesla party.
