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Trump's Second Term

You just don't understand the Omnipotent Almighty Emperor of the Universe! His words are always the rightliest, the biggliest and the bestliest! Even now, he is planning to build a 500 foot tall memorial to remind everyone of the construction of the Suez Canal by the U.S.! WE BUILT IT AND WE OWN IT!!!
This will come as a surprise to the French and Egyptians, who know that they built the Suez Canal, not the USA.
 
"And if he doesn't respond, we will send him another very sternly worded letter!"


Translation: "I, Chuck Schumer, am a sniveling, cowardly, stupid worthless ◊◊◊◊◊◊◊ little douchebag who will keep pretending to be doing something about Herr Schitler until I am deported to El Salvador."
 
Donald’s tariffs will pay for everything so you will pay no income taxes. Amazing!
This is a total non-starter.
Ergo, Trump would need to set a blanket tariff rate of almost 72% in order to replace lost income tax revenue with tariffs.

Trump believes the exporting countries pay the tariffs, so it would be those countries filling the US coffers. He's wrong, of course. Effectively he would be replacing income tax with a sales tax. And unlike income tax, which is progressive, the increased costs of goods would be heaviest on the poor and lower middle classes.

As always, Trump fails at simple arithmetic.
 
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This is a total non-starter.
Ergo, Trump would need to set a blanket tariff rate of almost 72% in order to replace lost income tax revenue with tariffs.

Trump believes the exporting countries pay the tariffs, so it would be those countries filling the US coffers. He's wrong, of course. Effectively he would be replacing income tax with a sales tax. And unlike income tax, which is progressive, the increased costs of goods would be heaviest on the poor and lower middle classes.

As always, Trump fails at simple arithmetic.
yes and no. I don't doubt that Trump is as dumb as a bag of hammers, but he and his minions are all enemies of the poor, and a sales tax that further impoverishes the credulous base and enriches the billionaires is just right. He might or might not have gotten it driven in by now that the consumers pay the tariffs but as long as he keeps lying, his pathologically incurious base will keep on believing it even when they know it isn't actually the case, and if he gets the tariffs through, all he has to do then is lie and say he never said anything about doing away with taxes. Paying up is for suckers after all.
 

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