Trade Wars and Tariffs

[BeardedVol]

He said that he BELIEVES that the tariffs will “substantially replace” the modern day system of income tax taking a great financial burden off the people that he loves.

Which part is the lie?

He could say that he BELIEVES that he could have played golf professionally; his belief wouldn't make it a statement reflective of the facts.

Tariff revenue is no where even close to what is generated by personal income tax, and never would be under any circumstances.

He also said that tariffs are paid by foreign countries.

Do you believe that lie as well?

 

[Sandman 423]

Trump got 250-300B for HSA/Border and Defense last year. A small portion of that was offset with govt savings with rest being tariff revenue.

Well, a big chunk of those tariffs are gone. The huge defense/HSA/border still remains and yes, Trump has PROPOSED to increase defense by another half trillion annually.

Redistribution of wealth. Just a different recipient.

 

[Thunder Good-Oil]

He could say that he BELIEVES that he could have played golf professionally; his belief wouldn't make it a statement reflective of the facts.

Tariff revenue is no where even close to what is generated by personal income tax, and never would be under any circumstances.

He also said that tariffs are paid by foreign countries.

Do you believe that lie as well?

He said “substantially” replace and he also didn’t say relieve the burden on EVERYBODY. About half of the people already pay no FIT.

The importers “pay” the tariffs to the government. But I can see the costs going to foreign countries.

Consumers shouldn’t get a discount on some of their purchases because production has been transferred to countries that don’t regulate pollution, child and slave labor, or prevent IP theft.

 

[BeardedVol]

He said “substantially” replace and he also didn’t say relieve the burden on EVERYBODY. About half of the people already pay no FIT.

The importers “pay” the tariffs to the government. But I can see the costs going to foreign countries.

Consumers shouldn’t get a discount on some of their purchases because production has been transferred to countries that don’t regulate pollution, child and slave labor, or prevent IP theft.

The 'willing suspension of disbelief' occurring in real time.