rbreich ,
@rbreich@masto.ai avatar

Trump floated eliminating the federal income tax and replacing it with tariffs on imports.

This would lead to huge price hikes, which would hurt everyone but the wealthy.

Think the cost of living is high now? Just wait and see what happens if Trump gets another term.

raganwald ,
@raganwald@social.bau-ha.us avatar

@rbreich Tariffs and sales taxes are consumptive, and inherently regressive. Replacing an income tax with a consumptive tax is regressive even if the income tax is a fixed proportion of income.

FallsMom ,
@FallsMom@mastodon.coffee avatar

@rbreich

Get ready to live as serfs to the aristos.

BLTpizza ,
@BLTpizza@mastodon.social avatar

@rbreich he doesn't care that has no clue how any of this stuff works. An effing lunatic. We will have an economy like Argentina or Nigeria with even more corrupt politicians.

PJ_Evans ,
@PJ_Evans@mastodon.social avatar

@rbreich
Has anyone explained to him that it would mean repealing an amendment?

Silversalty ,
@Silversalty@mastodon.social avatar

@rbreich
A disguised national sales tax (VAT)?
Hey! NYC almost put in a fee charge for working class access to the congested value of lower Manhattan.

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