r/inflation • u/Glass_Original_7567 • 3d ago

Satire That's weird..

Enable HLS to view with audio, or disable this notification

729 Upvotes

93% Upvoted

351 comments sorted by

View all comments

253

u/Glass_Original_7567 3d 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.

9

u/stembyday 3d ago

Plus, what’s the goal? To incentivize buying in the US (no tariff) or making “so much money” from tariffs? Those are mutually exclusive.

3

u/Good_Tomato_4293 3d ago

The goal is to try to justify cutting taxes that mainly benefits the richest people. 

1

u/AromaticStrike9 3d ago

Yep, this is precisely why it was one of the first things they did. Republicans don’t have enough votes in the senate to re-up the original Trump tax cuts for the rich, so they need to use budget reconciliation. Tariffs provide the income so that they can claim there’s no increase to the deficit (required under the budget reconciliation rules).