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For Donald Trump, this is not enough! He wants a national sales tax (he disguises it as a tariff) to make the American tax system even more regressive than it
by DaveExeter 2y ago
For Donald Trump, this is not enough!
He wants a national sales tax (he disguises it as a tariff) to make the American tax system even more regressive than it already is.
- 486sx33 2y agoA sales tax and a tariff are two very different things. https://differencify.com/tax-vs-tariff/ https://differencify.com/tax-vs-tariff/
- DaveExeter 2y agoThey are very similar, the difference is that everyone can see sales tax on their receipt. Tariffs are a clever way to impose a hidden regressive tax.
- AnimalMuppet 2y agoTo impose a tax only on imports. So, no, it's really not like a sales tax. Look, Trump's idea is economically unwise for several reasons. But you're stretching past the breaking point in trying to find a way to drag it into this conversation.
- impossiblefork 2y agoA tariff will at least necessitate US production which should necessitate employing people in the US and thus leading to even more competition for people. It should increase real wages, because it effectively reduces the labour supply.