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49 sats \ 21 replies \ @Undisciplined 1 Feb \ on: Tariffs Are The Norm, Income Tax Is The Experiment econ

I've never seen that graph before.

The questions that are going to hang people up is whether it's possible to replace that much revenue with tariffs and, when they realize it's not, how high of sales taxes will they have to pay.

How are Canadians taking the new 25% tariff rate?

41 sats \ 1 reply \ @Jer 2 Feb

You'd think it was end of days, based on the news coverage. Our premier in Ontario said a couple weeks ago this will mean 500K job losses in Ontario alone.

I've stopped trying to understand Trump. It's clear he, or his handlers want something. Why not just say it? I've heard 2% GDP on defence. I've read increase border security. Who knows?

My sats are on some type of Euro-style unified North American currency.

21 sats \ 0 replies \ @Undisciplined 2 Feb

With Trump, that Euro-style currency will be the dollar.

What makes the most sense to me is that it's about border security.

41 sats \ 18 replies \ @kr OP 1 Feb

I think the big assumption is that revenue must stay at 15-20% of GDP, tariffs won't cover that alone. But maybe a smaller government with less revenue is the direction the US is heading in.

Too early to know how Canada will react to the tariffs, I suspect things will just get more expensive in the coming months.

89 sats \ 17 replies \ @Undisciplined 1 Feb

Obviously, I would love a smaller government that absorbs less revenue, but entitlement reform is the only way to make a real dent and that's not even being discussed.

66 sats \ 8 replies \ @freetx 1 Feb

entitlement reform

True, but the largest single line item is either interest on debt or defense, both of which could be brought down significantly by firing 80% of federal workforce

I don't mean their salaries consume that much, but their actions do.