Replacing Taxes With Tariffs Would Take Us Back to the 1800s
https://newrepublic.com/article/182786/replacing-taxes-tariffs-take-back-1800s
Replacing Taxes With Tariffs Would Take Us Back to the 1800s
https://newrepublic.com/article/182786/replacing-taxes-tariffs-take-back-1800s
49 comments
Just another GOP policy to shift wealth to the 1% and actively harm everyone else
Which is *exactly* how conservatives want it.
Conservatives are looking for any way to force YOU to pay the way and not them.
Edit: Rich Conservatives. The general MAGA will be soaked and still beg for more.
Yet another Convict Trump scam to swindle his MAGA suckerclumps.
I wish they would understand how tariffs work and what other countries would do in retaliation to those said tariffs. Everything would be unaffordable
Maggots want to time travel backwards.
Ugh. Don’t even talk about this. Trump said something absolutely insane and stupid with no actual intention or capability of following through. It’s like the wall. Who’s gonna pay for it? Mexico! Who’s gonna pay your taxes? Foreigners! There’s nothing real to it.
Perfect, throw in a return to Jim Crowe and you got a perfect MAGA/Republican paradise for white people.
The GQP is wholly and totally incapable of governing. Completely detached from reality. Taken by insane conspiracy theories and fascist undercurrents; the modern Republican Party has boiled down to extremist white Christian nationalism with a flair for terrorism.
So basically,
“We saw how fantastic Brexit was for the UK and we wanna do it here!”
https://www.cnbc.com/2024/02/14/brexit-has-sliced-5percent-off-uk-economic-growth-goldman-sachs-says.html
>The U.K. economy is worse off today than before Brexit, according to new analysis from Goldman Sachs.
Britain’s decision to leave the European Union has hampered the economy to the tune of 5% versus other comparable countries, the estimates showed.
The Wall Street bank attributed the shortfall to three key factors: reduced trade; weaker business investment; and lower immigration from the EU.
Full Tariffs would be like restarting all of our Foreign trade agreements from scratch.
And INTERNAL Tariffs (Like imports/exports fees from different States), would DESTROY the United States from within.
Stick with Income and Property Taxes, there is no way you will be able to offset those tax revenues with trade tariffs.
we used to be a proper country
They’ve already taken us back to the 1950s, and obviously they won’t stop there
It would completely crash the economy and destroy the country and lead to wholesale instability and depression. It won’t benefit the 1% anymore than it will benefit the 99%.
“Oh. You paid into Medicare your entire life? Well, now it’s insolvent. Have you considered religious charities?”
“Oh. You were a soldier? Now we can’t pay you. You and the rest of your compatriots are free to wander the country with your skills and survive as best as you can! Since we can’t pay the guy that does weapons accountability you can probably take your rifle and ammo with you.”
“Oh. You got farm subsidies and produce a large percentage of the countries wheat? Tough shit. Now you get to sell your wheat to a country that is going to reflexively tariff your exports. Good luck keeping your irrigation going.”
“Oh. You lost a leg in Iraq? The VA is insolvent. Go to the nearest ER.”
“Oh. Your bank went tits up because you speculated on the housing market? We can’t bail you out. Better start laying off people if you want that third yacht.”
“Oh. Your red state survives on federal money from blue states? Well. Times are tough. Maybe increase your state sales tax?”
“Oh. You are an accountant? Get a new job, you mooch.”
“Oh. Your entire wealth is based in retirement funds? Well, the dollar is worthless. You should have bought gold and lots of guns and ammo you dipshit.”
“Oh. You are a tech billionaire that is the wealthiest person in the World and smarter than everyone in the room and yet are still dependent on government contracts? Better dip into your savings buddy.”
The flat tax was dumb.
This makes the flat tax look like rocket science.
It’s hard to figure out who exactly would benefit here. The 1% are the 1% because they have prospered in an ecosystem created by the taxpayers that provides security and infrastructure and plenty of governmental handouts that they pay lobbyists big money to step on the scales for them.
For people that claim to love capitalism, the capitalists are doing their best to ensure America becomes a communist system.
Lower income taxes for everyone, but even more for those in lower tax brackets.
Add additional marginal tax tiers for income above 1-2 million, with a higher marginal tax percentage tied to them.
Fund this by eliminating the inheritance tax loophole involving trusts.
There should be no (non evil) reason why anyone is complaining about paying their fair share of the tax bill when giving away their wealth upon death in excess of $23 million
Republicans prefer any time before 1860.
“Would the rich people pay either of them?”
GOP: Unstoppable laughter.
pretty sure thats what they want.
Just remember that tariffs are how the US got so far ahead of European countries during the industrial revolution, and how we ultimately became a super power. While European countries were slapping tariffs on everything, we skirted them all and got super rich in the process. Introducing tariffs is the number one way to kill your economy.
I hate looking at Trump’s ugly freakin face every day. Guy is gross.
It’s amazing to me how short our collective memory is. Does anyone else remember what happened to the Steel industry when he raised Tariffs in 2019? And that was just one industry, and the tariff increase is small potatoes compared to what would be required to replace taxes with.
Tariffs again? Didn’t the USA come into existence because of an incompetent authoritarian figurehead demanded tariffs? How more unamerican can a person be?
Wait, the guy that has bankrupted every company he’s run, except for those that sell Kitch to his supporters, doesn’t understand tax policy.
But it’d be great for Trump and his rich cronies!
You mean back to a time when a handful of rich people were able to control everything? Why would the fascists want that?
….
Oh, right. I see.
Hopefully this sort oft his gets more coverage as we head into the election. The mainstream television media is hung up on polls and optics day in and day out. This is a very real policy
Solid piece in that it points out how much the right has fucked up our tax system to benefit the rich and use the same talking points like “they pay the most taxes”. There is a reason why Republicans talk about disarming the IRS more now that Biden has worked to make it more robust so it can go after the elites hiding taxable income the thousands of pages they turn in. Definitely recommend the links within the piece that are cited as well but the big takeaway is this
> Writing in The Wall Street Journal, Richard Rubin and Alex Leary calculate that to replace the $2.5 trillion the IRS collects annually in income tax, tariff rates would have to be 70 percent or higher.
This would make COVID era inflation look like you were being nickeled and dimed. So you’re telling me that the guy who has bankrupted casinos when the rest continued to profit, steak, football, and alcohol in America might fuck over families?
Sounds good, doesn’t work. There is no way a tariff could replace an income tax. Consumption taxes are regressive AND the amount raised wouldn’t compare to an income tax. Also, we would get retaliatory tariffs which would reduce exports.
This is just bad all the way around. It’s bad for the poor and it’s bad for businesses.
Remember… a trump tariff is more a mob tactic than a tariff… trump uses the word “tariff” to mean one of his shakedown schemes where he sets up a protection racket to allow those who pay him to do business unhindered.
Trump doesn’t know how ANYTHING works. He only cares about getting praise. Every rally, he doesn’t talk about policy or what he will do in order to fix grievances some have.. Those who support him only care about hate. They have zero idea what Democrats have done that Republicans block.. There is truth as to why Trump said, I won the poorly educated and they thought nothing of it.. He them said, I don’t care about you, I just want your vote.. The media is going to say how bad it is what I said… Nothing in that said he was joking at all! That’s what he said after telling them THE TRUTH!!
…so the “again” is the gilded age.
Yes, we need more debates over ad valorum rates of wool imports.
Exactly what they want.
The good ole days where black men were slaves, women were child brides, and our gracious robber Barron overlords let us work 7 days a week with virtually no pay.
Can’t see why anyone wouldn’t want this. /S
It’d be more like the modern EU. Federal EU doesn’t directly tax its citizens. The individual states do.
However … It’s a political impossibility in the US due to the federal government expansion in the 1940’s. I do think the EU strategy is superior to what the US has become. Ironically … I think the EU today is far more inline with what the authors of the US Constitution envisioned for the US. However there’s no no feasible way to get that 1940’s cat back in the bag. A huge number of federal programs/spending would need to be slashed. Also federal politicians have become rock stars and cult leaders as a side effect … They have no incentive to give that kind of power/position up willingly.
Federal welfare programs? All gone. Modern imperialistic DoD? Also gone. Pay off federal debt with greatly reduced federal tax revenue? Impossible.
Presumably these federal programs could be replaced with state programs just like EU … But the transition would be chaotic.
That’s what the regressive party wants. Regression is the platform.
You mean the good old days? When women, colored people, and perverts knew their places?
We really don’t need articles to analyze every braindead suggestion that Drumpf floats. Everyone with half a brain knows replacing taxes with tariffs is dumb as hell.
Lots of the GQP ‘policies’ seem to want to take us back to the 1800s
This is how economies like Sri Lanka ended up in the hole they are in.
There was practically zero income tax and a national sales tax & taxes on imports.
Surprise surprise, it was not enough to fund everything the citizenry needed or wanted.
Isn’t conservatives whole platform to return us to the 1800s? Pre-1860 for starters. But the end goal is feudalism, that’s just a pit stop along the way.
Smoot/Hawley enters the chat
Pure isolationism, this is a recipe for disaster… Our economy is built on world trade.
You can’t fund a modern government through tarriffs. These ideas are completely stupid and insane. You are talking about doubling and tripling the cost of most goods overnight
Fine, fine, just so long as it’s ***pre***-civil rights
– Republicans
When men were men, black, latino, and chinese people spent all their time working and dying on railroads, construction, and cotton fields but knew their place. Everything was controlled by oligarchs, railroad tycoons, and old money families.
Makes sense.
Didn’t we try that before. It’s didn’t work out so well.
How well did that go when he did that with Canadian lumber and steel in his last term?
Trump gets a $1.6 million punishment for dodging personal income taxes.
Trump suddenly has a brain-storm to eliminate income taxes(!)
For how much the conservatives hate Venezuela they want to adopt their economic model.
Being so greedy and having a hate so profound for taxes that you are willlig to tank a whole economy is bullshit on a whole other level.
Conservatives: 4% inflation. USA is falling apart!
Also conservatives: Permanent 10% tariff. USA! USA! USA!