The value of all imports in 2023 was 3.3 trillion.
The revenue from income tax was 2.2 trillion.
The more tariffs you impose, the less return you get on it, since if they work at all, it will result in less importing. The potential revenue from tariffs is a fraction of the income tax. One is not an alternative for the other.
The more important point is that trade deficits as a whole are a myth that is self contradictory if you stop to think for a second. Also protectionism does not work in any way, and tariff heavy countries are genuinely a terrible dystopian place to live, as someone who has lived in a tariff heavy country. There is no good whatsoever that comes from tariffs. Even if the counterparty is imposing them on you, you still lose more by imposing them back.
hamsi / Karadenizli
npub15r…t7dpl
2025-04-08 03:28:38
in reply to nevent1q…09w4
Author Public Key
npub15r9hp5eq3a0heantnja4sth3ug277nhse9f3scu937mxfh0mpw8snt7dplPublished at
2025-04-08 03:28:38Event JSON
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