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re: Was replacing income tax with Tarrifs a lie?
Posted on 4/6/25 at 2:22 pm to Cryin Kelly
Posted on 4/6/25 at 2:22 pm to Cryin Kelly
Keep crying cuck
Posted on 4/6/25 at 2:22 pm to Toomer Deplorable
quote:
Regardless, Trump’s messaging on tariffs conflicts with itself. There is an inherent contradiction between using a tariff to promote domestic production and using a tariff to generate revenue.
In the first scenario, the purpose of a protective tariff is to raise the cost of imports enough that consumers will opt to purchase from domestic producers. Yet the more effective the tariff is in achieving this goal, the fewer imports will occur, thus resulting in reduced revenue.
Correct.
Posted on 4/6/25 at 2:23 pm to Cryin Kelly
quote:
Which proposal was the lie?
quote:
Cryin Kelly
Posted on 4/6/25 at 2:23 pm to Grumpy Nemesis
quote:
Because as near as I can tell, all of you would approach negotiating with me by putting ALL your cards on the table inside of the first minute.
Bad analogy.
Posted on 4/6/25 at 2:23 pm to Zach
Trump never said tariffs would replace the income tax. He said he wanted to see us return to being dependent on external revenue but, of course, Congress would have to enact this goal.
Posted on 4/6/25 at 2:24 pm to imjustafatkid
quote:
Yes, tariffs absolutely can replace income taxes.
Show your math on it then. I can promise you they can't fully replace income taxes
Posted on 4/6/25 at 2:24 pm to imjustafatkid
quote:
We are literally days into the tariffs, not even four months into Trump's second term, and these are the threads we get.
Who is to blame for that? Agree or disagree with Trump’s tariffs, Trump’s rollout of these tariffs has created tremendous market uncertainty.
Posted on 4/6/25 at 2:24 pm to Toomer Deplorable
These people think Thomas Sowell is wrong or a "Leftist" now.
Posted on 4/6/25 at 2:25 pm to Cryin Kelly
quote:
Ok this is great! You’re admitting they’re a negotiating tool.
I'm saying that if I had to be in the position, you wouldn't have any idea what my primary goals were.
quote:Maybe.
So the intent was never to replace the tax system
quote:Have you always had the mental complexity of a toddler or is this restricted to politics?
Those who came to this board celebrating the end of income tax in the name of Tarrifs were and are fools.
Posted on 4/6/25 at 2:25 pm to Toomer Deplorable
"Uncertainty is great for American businesses" - MAGA
Posted on 4/6/25 at 2:26 pm to imjustafatkid
Sadly, we’re only seeing the beginning of the havoc. There is no
Golden age waiting at the end of this shitshow. Only the resilience and ingenuity of the American people will
redeem the country.
Golden age waiting at the end of this shitshow. Only the resilience and ingenuity of the American people will
redeem the country.
Posted on 4/6/25 at 2:27 pm to Grumpy Nemesis
quote:
Have you always had the mental complexity of a toddler or is this restricted to politics?
He's right. It's incredibly foolish to think that tariffs could replace income tax revenue completely. You'd have to make the tariffs so high for the math to work that no one would import anything and render the whole exercise pointless.
Posted on 4/6/25 at 2:27 pm to SlowFlowPro
quote:Sowell was, and still is one of the most brilliant minds in all of economics. Probably a top 10 mind alive in the world.
These people think Thomas Sowell is wrong or a "Leftist" now.
Some of you are so fricking simplistic.
Posted on 4/6/25 at 2:30 pm to Powerman
quote:Well, fortunately, I've never thought that.
He's right. It's incredibly foolish to think that tariffs could replace income tax revenue completely
Alas, yeah, some people get shite wrong. Or, poorly interpret things. Whatever the reason. That does NOT mean some sort of broad swath, "oh, you don't all agree therefore, Trump is dumb" kind of conclusion.
Me personally, I'd like to see a shift LARGELY away from income taxes or, as much away as possible. I'd rather see consumption taxes and since I doubt we'll get every other country to zero out their Tariffs, then SOME tariff revenue also.
shite, basically ANYTHING but income taxes. But no, I don't see Income taxes disappearing in the reasonably near term
Posted on 4/6/25 at 2:31 pm to Cryin Kelly
Our income tax system is more valuable to the government as a social engineering weapon than a revenue system.
Government will always need some type of revenue system. If you care about freedom then you should want the system that the least impact on liberty and the income tax system ain't it.
I would like the income tax system phased out and a tariff/consumption system phased in. We all have a certain measure of control when it comes to our consumption and therefore would have some control over our taxes. More power and freedom for the people.
Posted on 4/6/25 at 2:31 pm to Grumpy Nemesis
quote:
I'm saying that if I had to be in the position, you wouldn't have any idea what my primary goals were.
You have a low IQ, and juvenile understand of the American system so let me slow this down for you.
Onshoring manufacturing and bringing back industrial jobs require huge investment and risk from a company. You need a clear and stable policy to make that sort of decision.
I’m not going to bring my Bangladeshi textile factory back to Louisiana if the President might lift the Tarrif by tweet in 3 days.
I’m just going to lay off employees to lower costs, and be very conservative until we get policy certainty,
But I work in imports. I run a company. I talk with people every day who are actually dealing with this.
You listen to Charlie Kirk while you drive to the plant, and to Candice Owens while you beat your wife.
You have no political ideology beyond muhTrump good.
Enjoy the fantasy hick.
Posted on 4/6/25 at 2:34 pm to Cryin Kelly
quote:I forgot more than you'll ever know.
You have a low IQ, and juvenile understand of the American system so let me slow this down for you.
quote:No shite
Onshoring manufacturing and bringing back industrial jobs require huge investment and risk from a company. You need a clear and stable policy to make that sort of decision.
quote:
You listen to Charlie Kirk while you drive to the plant, and to Candice Owens while you beat your wife.
I don't "listen" to anyone and I honestly can't stand Candace Owens. Wanna try again?
Also. I'm not going to waste my time posting a number because it's an anonymous board and you have no reason to believe me. I'm not even going to claim to be in the top bracket cause I'm not. But, I am uncomfortably close to it so shove your undeserved arrogance up your arse.
Posted on 4/6/25 at 2:35 pm to Cryin Kelly
The amount of government spending that would need to be slashed in order to end income taxes in order to have tariffs pay for them is astronomical.
No way the uniparty allows that to happen.
No way the uniparty allows that to happen.
Posted on 4/6/25 at 2:38 pm to Grumpy Nemesis
I don't have an issue with a gradual move to consumption taxes. But using tariffs as the primary revenue generator simply isn't feasible. I'll give you the back of the envelope math. 2024 we imported approximately 4 trillion in goods. That's roughly equal to the receipts from income and payroll taxes combined. So to replace those you'd need to enact a 100% tariff on literally every imported good with no exceptions. And you'd also need no reduction in imports which would never happen with a 100% tariff. You would have to be completely crazy to think this is achievable or have no concept of simple arithmetic.
Posted on 4/6/25 at 2:38 pm to stuntman
quote:
The amount of government spending that would need to be slashed in order to end income taxes in order to have tariffs pay for them is astronomical.
Truth. But the real hinderance is our addiction to spending. I swear to God, the American people can't seem to be able to think of even ONE thing we could do without.
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