On what fucking planet are tariffs a tax cut?
this post was submitted on 15 Mar 2025
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- Tariffs are a tax cut.
- Trump is the greatest president.
- Republicans are pro-life.
Hmm, what do each of these statements have in common?
It is a clear tax increase reflected in purchase cost hikes. It is also a general inflation burden cost in that domestic producers can hike prices and increase profits due to less competition. There is a revenue decrease effect as a result of retaliations that reduce jobs and sales abroad, and this effect lowers profit and job tax revenue.
The hopeful intent from the statement is that if all other economies agree to destroy themselves and send all of their manufacturing jobs to the US, then great prosperity for US will be achieved, though it still doesn't make it a tax cut, and that future is very far off if it is the slightest realistic. Until then, it is a tax hike, that also makes foreign manufacturing more competitive, especially if a nationalist hatred against unfair US practices results in appropriate industrial policy to destroy the US instead of submitting harder to it.
2+2=5
Nobody need an "economist" to tell them this. It's indicative of how worthless "economics" is in general.
No worries! You're not loosing your job! This is your tax cuts at work!
Okay, I give up... Yeah, its a layoff.....