Well, that’s one way to crash the economy. But I’m sure if that happened it would somehow be the Democrats fault.
People really think the government does nothing for them…
Taxes should be reformed not eliminated. So many small communities will be wiped out. I’m open to solutions but it just feels like Trump was hired to try and tank the US so it leaves the global stage.
He is Russian agent. I think this as been a long game ran by Putin who was an KGB agent and loved the Soviet Union and wants pay back for the US destroying it. Now if Trump wins he will get his wish and destroy America and economy. How long afterwards before China and Russia and any of our enemies would take advantage of our downfall and invade and conquer?
A lot of comments here suggest people didn’t read the article. It’s pretty clear he intends to increase tarifs, and that would substitute income tax. Hey even MAGAS as demented as trump still gotta fund that war machine somehow.
As for how effective it could be? Well it’s at least interesting, as it will effectively be a 75% consumption tax on manufactured goods as a replacement. This would probably reduce consumption (great), crash manufacturing (bad), and boost white collar sectors (especially finance).
Basically this will negatively impact blue collars, and benefit white collars and the rich. Oh look, the big con continues.
And the silver lining - any negative consequences will be blamed on liberals/Democrats/THE JOOS, oops, I mean “the globalists”. What am I saying, they’ve been doing that for at least 40+ years…if you didn’t feel the glory of the golden showers of Ronnie’s trickle down economics, well, it’s because THEY took it, or THEY subverted Ronnie’s holy and virtuous plans.
Tariffs are a pass-through cost. This would invariably hurt the US economy.
Fucking rubes.
“i love the poorly educated” --donald trump, feb 2016
he’s really baiting that demographic here.
Replacing income tax with a consumption tax (tarrif) sounds like a great way to reduce spending and wasteful consumption. Crashing the US economy is one way of doing degrowth, I guess.
