hh on Nostr: The federal income tax represents (off the top of my head) $2 trillion dollars that ...
The federal income tax represents (off the top of my head) $2 trillion dollars that need to be replaced. Tariffs would have to go up to an average of 60+% across the board (currently average is 2-3%), but that same thing would cause imports to decrease by a similar magnitude, so with tariffs only, they'd be 60% short of those $2 T(and we're not even going into the political consequences internationally of enacting such tariffs, which would probably cause a major war).
So, unless Trump has a plan to make the government REALLY lean (not simply a cosmetic reduction in IRS personnel that wouldn't even put a dent on those $1.3-ish T), there is not a chance that he can implement this, even if he wants and really tries.
Well, yes, of course: I guess he could print those missing $1.3 T... every year...
I'm all for TRYING to do it. That is obviously better than not trying, and not even in the same realm of better than voting for Kamala.
But let's not fool ourselves.
“So what if we end the income tax, laying off all 93,654 IRS agents so you can keep every dollar you earn.”
“So the country’s rich, the IRS is gone, plus you get a nice, lean government.”
Dream a little dream. 😍
https://open.substack.com/pub/profstonge/p/trump-want-to-abolish-the-income
Published at
2024-11-01 15:28:35Event JSON
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"content": "The federal income tax represents (off the top of my head) $2 trillion dollars that need to be replaced. Tariffs would have to go up to an average of 60+% across the board (currently average is 2-3%), but that same thing would cause imports to decrease by a similar magnitude, so with tariffs only, they'd be 60% short of those $2 T(and we're not even going into the political consequences internationally of enacting such tariffs, which would probably cause a major war).\n\nSo, unless Trump has a plan to make the government REALLY lean (not simply a cosmetic reduction in IRS personnel that wouldn't even put a dent on those $1.3-ish T), there is not a chance that he can implement this, even if he wants and really tries.\n\nWell, yes, of course: I guess he could print those missing $1.3 T... every year... \n\nI'm all for TRYING to do it. That is obviously better than not trying, and not even in the same realm of better than voting for Kamala.\n\nBut let's not fool ourselves.\n\nnostr: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",
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