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Comment by kaashif

14 days ago

Dismantling the federal government by massively increasing the role of government in trade and imposing the biggest tax increase in a century?

That doesn't sound right...

7 comments

kaashif

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Workaccount2  14 days ago

The next step is to cut income tax for under $150k/yr earners. Tariffs raise prices by 20%, tax cuts let you keep 20% more earnings.

This would make the federal government dependent on tariff income, and, as the theory goes, diminish the funds the government has as American industry grows to avoid tariffs.

Probably not going to work out as it is only a first order effect view, but that is the idea they are chasing.

  • thefreeman  14 days ago

    Except they aren't cutting taxes by 20% for people under 150k. They are pushing a tax cut which disproportionately affects the top 1%.

    • Workaccount2  14 days ago

      Trump has explicitly stated he wants to eliminate income taxes for people earning under $150k.

      Ironically (but not really if you can clearly understand his platform, any why so many bernie bros became trumpets), Trump is doing a lot of ostensibly good things for the uneducated working class at the expense of American "elite" class. The autoworkers union president literally spoke yesterday at Trumps event cheering the tariffs. A union, cheering Trump.

      The stock market is off a cliff, but how many factory workers actually have an appreciable amount of stocks? Poor middle America doesn't give a fuck about that. They give a fuck about having a place to go to work and make a good living.

      Trump is doing what he was elected to do. Whether or not it is possible without making things much worse seems like a long shot, but his core base has a "I don't care if we destroy the system, the system sucks!" attitude, awfully similar to Bernie bros.

      2 replies →

XorNot  14 days ago

Think of it like when you take a car apart and now it's taking up more of the garage then when it was together.