Comment on Withdrawal is going to make people go mad

rotten@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

• GiveMemes@jlai.lu ⁨5⁩ ⁨weeks⁩ ago

  The incumbent has claimed repeatedly that there will be 10% tariff on all foreign goods. We can certainly bury our heads in the sand and pretend it’s not happening, but that doesn’t really do us much good.

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  • rotten@lemm.ee ⁨5⁩ ⁨weeks⁩ ago

    Either he lies all the time or he tells the truth, can’t have both. I’d love to try elimination of the income tax in exchange for tariffs but there’s no way it’s going to happen despite whatever campaign promises were made.

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    • Liz@midwest.social ⁨5⁩ ⁨weeks⁩ ago

      That is a laughably stupid tax policy.

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      • GiveMemes@jlai.lu ⁨5⁩ ⁨weeks⁩ ago

        To expand on this, it’s laughably stupid because it disproportionately affects the poor. When everybody pays the same tax, poor people have to be taxed significantly more. Same rate of taxation on 35k and 200k, the person earning 200k can easily afford things like food and housing and a luxury car whereas the person making 35k would be pressed just to afford the increased prices on things like groceries and other necessities that tariffs bring. Not to mention that a 10% tariff would not support our budget, and that tariffs are intended to boost domestic manufacturing. When that does occur, the budget starts getting less and less because the US is no longer raking in the tariff cash.

        Basically, 20 seconds of thought could tell anybody that this is a terrible idea.

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    • Liz@midwest.social ⁨5⁩ ⁨weeks⁩ ago

      That is a laughably stupid tax policy.

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      • Nutteman@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

        A comment so good I upvoted it twice

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    • zeppo@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

      Why try that? It’s terribly regressive economic and taxation policy. It’s essentially a huge sales tax.

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    • DragonTypeWyvern@midwest.social ⁨5⁩ ⁨weeks⁩ ago

      Alternative reality peeps be like:

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• zeppo@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  That’s the problem. Trump is a complete fucking idiot, so just because something is a terrible strategy doesn’t mean he won’t do it. Look what happened last time with the tariffs on Chinese goods and the small trade war he sparked that screwed over soy exports. Did Trump learn anything from that? Or his voters? Evidently not.

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