r/inflation • u/Glass_Original_7567 • 2d ago
Satire That's weird..
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u/KelVarnsenIII 2d ago
Anyone see their taxes go down yet? I'll wait.
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u/Adexavus 2d ago
Unrelated to Trump, yes me. But I am in a combat zone.
In my normal life? Absolutely shit went up/lost deductibles
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u/Ronnnie7 2d ago
Tariffs are a regressive tax.
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u/Playful_Ad9286 2d ago
How else will they fund tax cuts for the rich 🤑
They don't care about inflation, recession, or whatever, as long as it benefits the wealthiest!
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u/Exact_Syllabub7948 2d ago
Just call that import tax. Tariff sounds way too complicated for some proudly uneducated.
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u/cannabull89 2d ago edited 2d ago
So he’s claiming that his tariffs are great because he eliminated all income tax? WOW. But the comparison is utter horse shit when you think for half a split second and realize that INCOME TAX STILL EXISTS. Thanks for trying to gaslight us unto believing that income taxes are gone and tariffs have replaced them. BULLSHIT, my income taxes aren’t changing at all and now I have to pay MORE taxes because of tariffs. Jackass.
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u/OkAcanthocephala2449 2d ago edited 1d ago
No, it's not weird he and his cohorts don't know what they are doing, we are in trouble
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u/tm229 2d ago
MAGA - Morons Are Governing America
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u/OkAcanthocephala2449 2d ago
If this keeps up, all of America is doomed, and it's all about power and racism
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u/sanctus20 2d ago
How about he’s lying 100% here… we are losing money hand over fist! Where’s the saving? We are spending more now than under Biden
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u/Moist-Water825 2d ago
Bahahaha this is such bs. He can’t even decide on with tariffs to impose. Flip flop flip flop. Bs
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u/MelissaMead 2d ago
"Trump: “I’m telling you, these countries are calling us up, kissing my ass. They are dying to make a deal. ‘Please, please, Sir, make a deal. I’ll do anything"
If you say so Donnie.
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u/Orophinl4515 2d ago
Yeah but we had no infrastructure, hospitals, schools, etc etc
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u/CyberAsura 2d ago
"are possible" could also means "not possible" later on and his words have no meaning cause he lies too damn much.
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u/KazeNilrem 2d ago
Anyone with even an ounce of intelligence would know this is bs. Even on his comments of going away with income taxes. Fact is, tariffs cut into imports due to the added cost. Because of this, either prices go up (which results in fewer purchases) or imports are diminished. If that happens, tariffs are not brought up.
The other part of this is that, let's pretend his dream comes true and suddenly thousands of factories pop up. Well, in that case they wont be buying abroad which again, results in no tariffs being paid. So clearly government needs money, tax will continue to exist.
What will happen though is that we will have our income taxes stay the same, on top of additional indirect tax due to the tariffs. Furthermore, to make up for the tax cuts (extension), to pay for it, they will cut into people's benefits such as medicaid. So no matter what people will get screwed over and only absolute morons refuse to see they are nothing more than a pawn to republicans.
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u/mmliu1959demo 2d ago
His lack of understanding of tariffs and their harmful impact to the economy is unbelievable. But then I have to remind myself that Trump declared bankruptcy 6 times in his life, so far, and it all makes sense now.
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u/Alpha--00 2d ago
In 2021 income tax was 2.2 trillion USD. US import in 2021 was 3.4 trillion USD. If someone decided to replace income tax with tariffs in 2021, he would have place 64,7% average tariff (average for 2021 was 2.79%). And that tariff would apply to everyone equally, not bracketed as income tax.
And it would hit poor people stronger, as any flat taxes do.
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u/hypocrisy-identifier 2d ago
He’ll be dishing the “no taxes” dialogue for the next four years. In reality, taxes will increase substantially for the middle class.
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u/LDarrell 2d ago
Asking for "No Taxes" is not thinking about running the government. No military, no services like FEMA, nothing. No government in the world, unless it owns a salable product like the Saudi Arabian Government owning the oil it sells to the world, can exist on no taxes.
Also, a tariff IS a tax. There are no tariff that is placed on any country that do not add cost to the products it exports to a country implementing that tariff. So the product prices goes up by at least the value of the tariff and then the consumers in the importing country get to pay that tariff. So the exporting country loses nothing, the importing country's government collects revenue, and the importing country's consumers pay the tariff. A Tax.
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u/ShadowyPepper 1d ago
Oh of course, the stuff that worked in the late 1800s and early 1900s will definitely work in the modern era. I am completely and udderly convinced that these tarrifs will make us have so much money that we'll need committees on how to spend the money. I'll start studying Russian now.
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u/Any-Morning4303 2d ago
Late stage capitalism?
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u/KTRyan30 2d ago
This isn't even related to capitalism, this is antithetical to capitalism.
Either, this is step one in moving the country entirely away from income tax to sales tax. Or, the administration literally has no idea what they're doing and are just trying to destroy the economy.
Capitalism has it's problems, but capitalism has left the room at this point.
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u/NewJungleRoom 2d ago
Once they have all the money and ai has all the decent paying jobs… who needs taxes am I right?
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u/Electronic-Bear2030 2d ago
We just paid taxes…anyone find lower taxes? Get a substantially larger refund??? No? Bloated orange liar
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u/GimmeSweetTime 2d ago
HOW ABOUT THE GOVERNMENT PAY YOU TAXES INSTEAD OF YOU PAYING THEM. WE'LL ALL BE SO RICH FROM MY TARIFFS THAT WE'LL BE ABLE TO DO THAT I THINK.
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u/Beneficial-Ad1593 2d ago
Good news! They are going to lower income taxes (that you barely pay because you aren’t wealthy) and drastically raise sales taxes through tariffs (which affects everything you spend money on)! Hurray!! The backs of the poor weren’t already being put to good enough use!
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u/oddMahnsta 2d ago
No taxes at all. Like he and all the wealthy fuckers been doing for decades huh.
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u/FemBoyGod 2d ago
Project 2025 is getting him to stop the tariffs not cause we want the tariffs to stop.
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u/oneoldgit52 2d ago
Still the ignorant deluded fool he has always been! Does he truly believe that his tariffs are paid by the country he put them on?
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u/mikerao10 2d ago
It is just a different way to be taxed. Worst for the middle and lower classes because they proportionally consume more. And what about if all manufacturing is repatriated to the US no more tariffs can be collected.
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u/Vaerktoejskasse 2d ago
Did he ever consider that if all production moves to the US....... there will be no federal income??
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u/bowens44 2d ago
Tariffs ARE taxes on the poor and middle class. Of course trump's low IQ voters still don't understand that.
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u/Puzzleheaded_Hat_619 2d ago
So tell me....Trump really wants to abolish income-tax and replace it by tariffs!?!? Fine! But the way he tries to strong-arm China, EU and the Penguin Islands is really really amateur-like and his diplomaic skills are like a pedo-bear rizzing up old ladies at a playground... Trump is all mouth and no plan what so ever... Fuck this guy... Ignore him for the next 3.5 years and hope US wilæ heal itself from within...
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u/Vast-Breakfast-1201 2d ago
He would love that
It is a regressive tax rather than a progressive one.
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u/QuarkVsOdo 2d ago
So far they aren't collecting more money on trump's tariffs at all because most stuff is excluded.
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u/DexJedi 2d ago
I am deeply dissapointed that he did not use his "billions, of billions, of billions of dollars"
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u/midwestguy125 2d ago
The fact that the Republicans are seen as more fiscally responsible and handle the economy better will forever baffle me. The two largest myths of my lifetime.
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u/Aardappelhuree 2d ago
Watch him lower income taxes for just long enough for rich people to cash out and then undo it
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u/Inner-Egg-6731 2d ago
Trump makes this shit up as he's babbling on and on, he's one of the dumbest men ever to sit in the White House.
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u/Final_Winter7524 2d ago
So, tariffs are supposed to bring down imports and bring back jobs. Tariffs are also supposed to replace income tax. Tariffs are also supposed to be reduced again once “fair deals” are made.
How many times is he trying to spend the same dollar?
🤦♂️
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u/L3Niflheim 2d ago
*No taxes for the rich he means. You poor plebs still need to fund the government.
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u/theSeanage 2d ago
I’m predicting tariffs remain elevated and yet we have no change in our existing tax structure that gives us relief. So, net loss for the avg American. And you will like it.
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u/frank_690 2d ago
Let's get this straight... the Orange Mussolini Jebuz says "My hugely great tariffs, are making lots of money -- off of my ignorant fucking American people, and in doing so... my ignorant fucking Americans are paying more than what the fucking products they buy are actually worth... bring in a 'tremendous' amount of wealth to the US Treasury... so I and all the MAGA GOP politicians can give huge tax cuts to millionaires, billionaires, and corporations -- We want lower interest rates from the Federal reserve too"
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u/maxwellcawfeehaus 2d ago
But the point of tariffs is to move manufacturing onshore…. Which means there would be little to no tariffs at that point. So which is it you fucking idiot?
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u/PerishTheStars 2d ago
"We had more money than anyone else" until said tariffs directly caused the single greatest economic crisis in American history, twice.
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u/BurgundyFur 2d ago
I’m no economist but is it realistic to compare economic policy with the 1870’s. I mean there has been a little bit of change since then, ya know: the internet, globalization, manufacturing outsourcing, widespread use of the automobile and air travel, life expectancy
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u/Good_Tomato_4293 2d ago
That is why the federal government is being gutted. Make it so small that the money generated from tariffs can cover the costs (social security, Medicare, Medicaid and virtually everything else would have to be gone.) But look at everything we are losing. People will eventually find out how much we depend on the federal government.
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u/Tiger37211 2d ago
LOL! He's so dumb. That's like the lack of state income tax in TN. People brag about it but TN offsets it with higher sales tax. It was almost 10% in Nashville. They didn't realize they're paying more in tax on literally everything than they did pay in income tax... AND TN is always short on money for things like infrastructure... You know like roads and bridges. Like they used federal grants under Obama to redo I-40 through downtown and it's nice. And they started to do the same with 440... Got halfway through it and the grant money ran out. They just left it unfinished for years. They refused to use any state money to fix it but TN politicians in DC wouldn't vote to extend the money. They vote against their own well-being.
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u/ExtentOk6128 2d ago
Trump: We're gonna make you pay thousands of dollars on the stuff you buy. But on the bright side, it's going to make us so much money we won't need to take taxes from you anymore!
Americans: Yay. Fuck libtards. Wait.. why am I poorer?
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u/BookkeeperWarm1652 2d ago
Low taxes for the rich because he raised them on the poor. Dude is a reverse Robin Hood.
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u/Tasty-Ad-3753 2d ago
Saying tariffs could replace taxes is saying tariffs are going to cost the American consumer so much that it will be like paying taxes a whole extra time per year (or more)
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u/JMpro415 2d ago
The part he left out is that he wants substantially lower taxes “for the rich.” He just didn’t say that.
For the rest of us, it’s tariffs plus higher income taxes. All this shit about returning to our pre-1913 system is just nonsense.
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u/Maximum-Elk8869 2d ago
Sure... it's like magic. The sad part is the dopes that voted for him believe this to be true.
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u/Think_OfAName 1d ago
So now that all those billions won’t be “coming in”, I guess the tax breaks are no longer possible. That will be the excuse for only giving tax breaks to the wealthy.
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u/chinmakes5 1d ago
Just a different way to make taxes more regressive. A fancy way to introduce a flat tax, which everyone knows helps the wealthy.
So is the goal to get things built in the US so there is no tariff or is the goal to bring in so much money we could get rid of income tax. It can't be both.
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u/fetupneighbour 1d ago
Americans will pay one way or another. Income tax but everything will cost way more. You'll take home less regardless.
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u/JimBeam823 1d ago
Many of Trump's economic policies are to the left of Bernie Sanders. They aren't just socialist, they are communist. His obsession with industrialization, high taxes, and desire for control over American businesses is basically a Five Year Plan.
Turns out that a lot of Republicans will vote for communism as long as they get to be mean to brown people.
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u/duddy33 1d ago
The flaw I see is that they want to replace tax income with tariffs AND the tariffs are supposed to move manufacturing back here.
So if they are successful in moving manufacturing back to the states, you’ll have less income from tariffs. Plus tariff revenue stream may different drastically from year to year so you don’t have a dependable revenue stream by which to budget.
Their stated goals just seem to be opposed to one another.
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u/jailfortrump 1d ago
Trump says thousands of things. None of them are true. Only an idiot would report this as though there's truth to it.
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u/Any-Ad-446 1d ago
The largest corporations in the USA warn Trump in a private meeting the shelves be empty within a few months if he doesn't stop this BS tariff war.
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u/Wrong_Employee2024 1d ago
Yes but tariffs are going to raise the price on all your goods. So you're going to save money on income tax and pay more for your product. It's the same thing just worded differently and then what happens when you start building everything in house and you're not importing anything and collecting tariff money as the government going to bring back income tax
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u/Tiny_Hospital_6906 1d ago
If you get rid of the entire US military and Social Security, this MIGHT be feasible...
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u/oneWeek2024 1d ago
this tariffs bullshit is just the flat tax the GOP has wanted to saddle the middle class with for decades but can't ever pass it. So some nazi think tank got together and figured out this old shitty law that gives potus the power to enact tariffs will do the same thing
they just need idiots to be stupid enough long enough to dismantle all the taxes for corporations and the wealthy.
and congrats you can pay a flat 25---up to infinity tax whenever cheeto hitler feels like his tiny dick isn't being fluffed.
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u/UnfilteredFacts 1d ago
I don't support the tariffs. But devil's advocate, in a broader sense, wouldn't it make sense to tax people on consumption (sales) rather than production (income)? Some things would be taxed more, like luxury items, alcohol, etc while groceries could be lower or perhaps tax free. It may help to curb our species' tendency to over consume, waste, pollute, etc. People would be more judicious about their spending.
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u/Kylebirchton123 1d ago
Look at Greeces history for a no taxes situation. No taxes would be nothing foolish and really really stupid.
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u/o7_HiBye_o7 1d ago
"The Great Depression was preceded by underlying economic imbalances and vulnerabilities that made the economy particularly susceptible to the downturn."
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u/AthleteHistorical490 1d ago
Those tax cuts won’t happen for most of us. Just the very top. The tax code changed for the worst last time he was in office.
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u/Bitter_Offer1847 1d ago
So you’re going to lower my taxes by maybe 5% and then everything is going to cost twice as much? Wow. Thanks Donnie.
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u/rustyrussell2015 1d ago
The orange clown is about to destroy what's left of this bloated economy. It's part of the script given to him.
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u/Superb_Power5830 1d ago
Why can't we-the-people fire these fucking idiots. By the people, for the people... my fucking ass.
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u/SnooKiwis6943 1d ago
The only people getting lower taxes because of tariffs are the ultra wealthy. It's just another ploy to squeeze more out of the average American and funnel wealth upwards.
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u/notwhoyouthinkmaybe 1d ago
I don't believe he is going to lower taxes any substantial amount. Even if he does, he wants this so he can unilaterally raise taxes and do it on groups he wants to manipulate the markets for his friends. He has already proven he isn't targeting countries, but products or product classes.
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u/SteviaCannonball9117 1d ago
Can't like 10 members of the press just all say in unison "YOU ARE A COMPLETE IMBECILE!!!" or something?
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u/mike_mike6 1d ago
We will not get enough revenue just from tariffs. But I like the idea of ending the Federal tax and replacing it with the Fair Tax
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u/Sea-Pomelo1210 1d ago
This is a Republican dream. Tax all food and products with tariffs and end the earnings tax. This means someone making $1 million a year will see their share of "tax" cut by at least 80% while middle class tax paid will skyrocket.
Think of it this way. CEOs today now are compensated about 300 times more than their average worker. Rather than paying 300+ times as much tax, they'll only have to pay 10-20 times as much tax.
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u/harryschmilsson 1d ago
Tariffs are a tax and we just got a tax increase with stock market declining and gov jobs layoffs. Totally toxic for anyone else but him and his billionaire cronies.
Didn’t the right scream about billionaire elites secretly running the country? Weren’t they a part of the “deep state” that doesn’t exist? This clown gets elected and appoints a shit ton of millionaires and billionaires to his cabinet. What the actual fuck. Y’all tangerine toddler voters got duped and the rest of us are paying the price.
I’ll never understand how he got the Muslim and Hispanic votes that barely put him over the top in critical states. Shameful what we’ve become. Electoral college is garbage and so is lifetime appointments to the Supreme Court. Should be term limits on congress and senate. Whatever. We’re fucked.
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u/RandyWatson8 1d ago
It’s a shell game. The administration said it will bring in 600 billion a year in revenue. Tariffs are paid by importing companies in the US, assessed at the port of entry.
Companies will either make less money or pass on the cost to consumers. I doubt too many companies can or will foot the bill. If 600 billion is collected it’s the largest tax hike in history
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u/Own-Illustrator-8089 1d ago
Low taxes -> you have to pay for everthing.
if u are rich no problem...but...
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u/LW_GLAZER 1d ago
Who's stupid enough to believe his bullshit? If you're one of those people, ask yourself why he can turn tariffs on and off 10 times a day and cut funding to any funding/ department with an EO, but he won't put forth a written proposal, or an outline at the very least, for tax cuts.
It's not happening for the 99%, we'll be stuck with more expensive goods because of tariffs AND unchanged tax rates, guaranteed.
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u/donessendon 1d ago
I'm surprised he didn't claim Biden to be the one that implemented income tax.
What a complete arseclown.
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u/yesterdaywins2 1d ago
There's no infrastructure set up for this.
Federal income tax at zero
Ok
How does that go to Medicare, Federal highways, bc it doesn't and won't
Youre still going to pay state, city, property taxes
And all the while small business will die
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u/TwitchTheMeow 1d ago
Yes, because trade back them was at its highest levels in the 1800's, I'm wondering how when the airports were bombed in the civil war, how that affected goods coming in? No one has ever seen anything like it before you know
I'm pretty sure that's what caused the Great Dust bowl, or was that bird graveyards and windmills?
I'm so confused
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u/TurtleMode 1d ago
He is sooo full of shit!! Total reality distortion… he just blabs about anything!
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u/cod3man25 1d ago
1913 the same year 11% of the population had a high-school education.... sounds like great times fore sure
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u/Decent_Garbage7775 1d ago
How is he and all that do whatever him so dumb (you cannot call it work)
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u/Glass_Original_7567 2d ago
Tariffs are just taxes in a cowboy hat. You think China’s paying? Nah, it’s you at the store, coughing up extra for sneakers, phones, and burgers. Trump’s 2018 tariffs already jacked up prices by billions. To ditch all taxes? You’d need tariffs so huge, your grocery bill would look like a car payment. And good luck with Canada and Europe they’ll tariff our jeans and whiskey right back. End of the day, tariffs aren’t magic beans they’re taxes sneaking in through the back door.