Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Trump also talked about using tariffs to leverage negotiating power over bad actors, a source told CNBC.
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Take a look at the JOLTS data
516k job openings in April, 385k separations and 382k hires. That's a deficit of about 100k jobs that aren't being filled in manufacturing alone. The problem isn't a lack of manufacturing jobs, in fact it's the opposite. We have over a hundred thousand manufacturing jobs we can't fill, and this matches what I hear through the grapevine at my work which does contract industrial cleaning. People don't want those jobs, and people take advantage of the opportunities available to them to get out of those jobs. Trump would destroy the countries economy if he actually managed to implement this plan
There's a quote from Arthur Harris that I think shows a pretty fundamental insight into the mind of a fascist.
"The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else and no one was going to bomb them."
Someone like Trump just does not think, "And then what will they do when we triple our tariffs on their goods." It's an innate narcissism, the belief that everyone else exists to do things to and not to have agency of their own.
This isn't even getting into the reality that this is just another regressive tax scheme designed to shift even more of the tax burden onto the working class.