Kamala Wins - Donald Trump just told the leaders of Project 2025 that his most exciting work with them lies ahead. Donald Trump is openly admitting he will implement Project 2025.
The Risk of a Trump Coup and How To Prevent It
David Cay Johnston, The New Republic -Donald Trump’s tariff proposal is worse than even his critics say. Much worse. Trump keeps telling audiences that he’s going to make China and other countries pay taxes to the American government. As even right-wing economists are acknowledging, that’s utter nonsense—as fanciful as his claims that he would make Mexico pay for a wall on our southern border.A tariff is, in effect, the equivalent of a national sales tax on imported goods, as any economics professor will tell you. Think of it: If we impose a 10 percent tariff on a dishwasher made in China, the manufacturer or importer just raises the U.S. price by 10 percent.
But it’s much worse than that because of how domestic manufacturers will react should the Trump national sales tax tariff be imposed. The Trump tariff will make people who own domestic manufacturing companies rich beyond their greediest dreams, aggressively redistributing wealth and income upward in the United States.
2 comments:
Trump cannot figure out how consumers pay for tariffs because he does not pay for things, he just stiffs the importers and ares them to sue. Simply transferring the profit to lawyers and the cost to other consumers. It is also because he is too stupid to add 2 and 2.
Before Morgenthau and FDR implemented the personal income tax, the principal payers of tax were the ultra-wealthy, whose money came from tariffs. Morgenthau wanted to "democratise" taxation, the biggest effect of which was that the working class would pay for the wars in which we would also do all the fighting (few of the rich ever serve in the military, and vanishingly few, except those interested in a political career, ever experience combat)
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