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34 sats \ 6 replies \ @Undisciplined 4 Mar \ on: Tariffs Are Wealth Destroyers econ
Other things equal, this is certainly true. It's also true of all other taxes.
At present, they're talking about replacing other taxes with these new tariffs. I think that will be a net positive, but until they actually do it, these are just additional taxes on the economy.
I strongly doubt they'll ever do it. But we'll see it.
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History is definitely on your side of that prediction.
Horton's Law: "Politicians only keep their bad promises."
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auw, so CUUUUTE you actually believe that.
I believe it when I see it.
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Which part?
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"replacing."
I doubt (m)any taxes will be cut; tariffs won't supplant income tax revenue, just piled on top.
HAAAPPYY to be wrong, lol
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I'm not taking a strong stand on that. Note my reply to Coins. Trump did lower taxes in his first term, though, so it's not exactly outlandish.
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