https://www.cnbc.com/2024/06/13/trump-all-tariff-policy-to-replace-income-tax.html
NOBODY thinks that is a good idea except of course the EXCEPTIONALLY stupid Trump.
Analysis shows the tariff would have to be some 140% to give the government the same amount of money the tax code does now.
He somehow stupidly thinks foreign companies will pay that tariff.
It is the CONSUMER paying that tariffs which happened the last time this idiot tried that, remember the tariff wars?
This time the consequences would be a hundred times worse, NOBODY could afford a car that was a month ago 20,000 dollars and now it is 50,000 dollars.
And a 60,000 dollar car running up to 140,000 dollars.
SMOOTH MOVE YOU AHOLE TRUMP.
Then there would be the loss of jobs and the loss of overseas credibility in the US as a world leader.
The last time that was tried, sometime around 1928 it resulted in the great depression.
If Trump got that change through, the great depression would look like a picnic.
The entire world would feel the consequences for a LONG time.
Trump has had really stupid ideas like shoving a UV light up your butt to cure Covid and ingest bleach but this would tear apart the entire financial world we have built up over the last 200 years.
This so called policy decision just shows exactly how ABSOLUTELY STUPID TRUMP REALLY IS.
@sonhouse saidFortunately, this is dead on arrival. most republicans even think it's crazy. I think he should promote the idea though; it will further demonstrate how unhinged and desperate he really is.
https://www.cnbc.com/2024/06/13/trump-all-tariff-policy-to-replace-income-tax.html
NOBODY thinks that is a good idea except of course the EXCEPTIONALLY stupid Trump.
Analysis shows the tariff would have to be some 140% to give the government the same amount of money the tax code does now.
He somehow stupidly thinks foreign companies will pay that tariff.
It is th ...[text shortened]... 0 years.
This so called policy decision just shows exactly how ABSOLUTELY STUPID TRUMP REALLY IS.