Trump doesn’t seem to know why he launched a giant trade war
PersnickityPenguin @ PersnickityPenguin @lemm.ee Posts 12Comments 1,880Joined 2 yr. ago
PersnickityPenguin @ PersnickityPenguin @lemm.ee
Posts
12
Comments
1,880
Joined
2 yr. ago
It’s part of their plan to eliminate the IRS and federal taxation, to be replaced by a universal sales tax. However, trump doesn’t have the authority to do that. But he can tariff. And a tariff is a little bit like a sales tax.
Therefore, we get tariffs.
Now, the other problem is that the tariff revenue is going to be like 1/10 that of the IRS tax revenue, which will require a 90% reduction in federal spending. Including defense, research, healthcare, and social security. Can’t collect social security tax if the IRS doesn’t exist either, so social security is getting axed.
It will of course make 56 million seniors homeless, but thats a small price to pay for a 15% pay bump for me!