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PSPS

(14,418 posts)

19. I think that's the "logic" behind this.

Wed Apr 2, 2025, 05:58 PM

Wednesday

He wants his tax giveaway to the rich to be permanent. In fact, he said that tariffs would eliminate the need for any income tax at all! So, in other words, he sees a country financed entirely by tariff income which, since the tariff is passed onto the end consumer, amounts to a national sales tax.

Ask any resident in Washington state how that's working out. It is a state with no income tax but there is a sales tax. Sales taxes are the most regressive tax scheme there is. That's why you find the mansions of so many billionaires there, like Bill Gates' 66,000 square-foot "House." The roads are falling apart, bridges are falling down, schools have no funds, etc.

Next door in Oregon, though, there is no sales tax but they do have an income tax. The infrastructure is excellent and they can fund essential services.

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Highlight:

Trump announces 10 percent tariffs on all imports, additional taxes for some 60 countries [View all] BumRushDaShow Wednesday OP

. BoRaGard Wednesday #1

Domestic manufacturing Rebl2 Wednesday #2

Exactly. That manufacturing infrastructure simply doesn't exist anymore, particularly in my industry MANative Wednesday #5

Exactly Rebl2 Wednesday #7

Our economy can't compete due to our sky high insurance costs IbogaProject Wednesday #13

The US population is stagnant, only held up by immigration NickB79 Wednesday #21

Workforce underpants Wednesday #29

Also, the expectation is that American workers will be willing to work for $7.50/hr travelingthrulife Yesterday #47

TSF announces 10% sales tax increase on all imported goods." WestMichRad Wednesday #3

I think that's the "logic" behind this. PSPS Wednesday #19

As usual, it doesn't make sense, since tariffs (sales tax) only apply to imports Justice matters. Wednesday #35

Homes and cars are already out of reach for many amerikans, guess we better start saving up for bigger cardboard boxes. ImNotGod Wednesday #4

Does that include 10% more on those he already has put tariffs on? Either way it is bullshit. JohnSJ Wednesday #6

Can't wait for all those people who criticized Biden for the price of eggs. llmart Wednesday #8

But it is 25% on all foreign made automobiles, which is basically all automobiles. SunSeeker Wednesday #9

That's what I thought...he backed off on the additional 25% for Canada and Mexico a month ago Bengus81 Wednesday #10

Trump said it at the Rose Garden today, "25% on all foreign made automobiles." SunSeeker Wednesday #15

Now I think he says that starts tomorrow. The post market is TANKING. Tesla down almost $16 Bengus81 Wednesday #16

The car parts tariff is supposed to start May 3rd. BumRushDaShow Wednesday #23

I didn't know the date but I heard today that it included parts underpants Wednesday #26

I had a Reuters report OP (they saw it posted in the Federal Register) BumRushDaShow Wednesday #30

Thanks. I wonder if that includes those who cross borders more than once. underpants Wednesday #31

All of the particulars haven't been published on the gov trade site yet BumRushDaShow Wednesday #32

The WH seems to have said that CUSMA treaty products are exempted for up to 30 days Bernardo de La Paz Yesterday #40

Better stock up on Trump "I did that" stickers for prices on everything IronLionZion Wednesday #11

Are the stickers made in America? Chemical Bill Wednesday #22

The stickers our Dem party sells are made in America IronLionZion Wednesday #33

See how long it takes us to get back to a 2008 economy with this shit. Back to the future Bengus81 Wednesday #12

Good god this man is fucking evil and drunk with power. Initech Wednesday #14

He bdamomma Yesterday #39

Taxation without representation usonian Wednesday #17

Red coats have become red hats under King Mucus and Been a Dick Arnold. . . . . nt Bernardo de La Paz Yesterday #41

Does that include hurricanes? GreenWave Wednesday #18

And the economy goes over the cliff. TomSlick Wednesday #20

😆 underpants Wednesday #27

Genius like Wile E. Coyote RazorbackExpat Yesterday #37

"Those insects, seabirds, seals and penguins have been treating America really, really unfairly" muriel_volestrangler Wednesday #24

Trump's claims of the tariffs imposed by other countries are, surprise, surprise, complete bullshit muriel_volestrangler Wednesday #25

Thanks was looking for a summary. His Dairy claims are complete BS underpants Wednesday #28

Yes. Gaslighter gets to say "Scary 250% tariff!" when it is never actually applied (tRump has said 300%). . . nt Bernardo de La Paz Yesterday #43

Bogus on the face of it, when a list pretends every country is at 10% or above and most are exactly 10% "tariff charged" Bernardo de La Paz Yesterday #42

Turns out the figures are "US goods deficit with the country, divided by US goods imports from the country" muriel_volestrangler Yesterday #46

This is going to kill my business... MadScout Wednesday #34

"tariff plan is designed" my ass dpibel Wednesday #36

Those That Rid Us Of These Fetid Fascists Do No Wrong MayReasonRule Yesterday #38

Tariff Constipation Canada Kid Yesterday #44

Reply Title: Trump's Reckless Tariffs: A Direct Hit to American Families and Our Economy HoldenTheDemocrat Yesterday #45