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This basically eliminates almost all taxes on the rich, burdens middle and lower class with higher prices, and blows up budget deficit.

So much for FiScAL ReSPonSibiLiTY

This freak lost a fucking Casino. The place where people just give you their money. A CASINO!!! He is an idiot and the worst "business man". Con man looking for a new con.

Tarrifs on imports?

So basically jacking up prices on all the things made overseas that are cheapest to buy in the US. That affects everyone, especially the poorer people that tend to shop places where that cheap imported stuff is sold because it’s a bigger percentage of their income. It’s gonna affect the middle class the most because they’re probably the biggest consumers. The rich DGAF because well, they’re rich.

Quickest way to put even more people below the poverty line.

This is one of the stupidest things I've ever heard.

Jesus Christ, we learned that fixing the economy via tariffs was bad in 1930. Like holy shit, tariffs are nearly universally agree by every field of economics to be shitty for citizens, businesses, and then the country. It makes no one inside want to buy anything but the simple basics, even with the basics now costing much much more.

I am not a "free trade" person, but this is not how you "Make America Great Again". Even Ronald Reagan and Dubya didn't do tariffs as a replacement for other things.

Income tax is such a bitch to deal with. I used to support the idea of replacing it with GST/VAT because then I'd not have to deal with it. But then someone pointed out that disproportionately benefits the rich (who mostly just hold wealth rather than spend it) and disadvantages the poor (who cannot avoid paying for things).

So fuck it. Make it all income tax and get rid of the others! :P

(In before this is also a bad idea somehow)

That's not how anything works. The country exporting to the USA don't field the tariffs expense. The importers do.

He would just be removing taxes for people like himself to the result of a massive deficit and decreased trade.

So he's planning to make the poor pay the taxes for the rich.

So become 100% dependent on foreign trade... thats a stupid thing to do when conflict is potentially right around the corner

More getting other countries to pay for things I see. The hubris I swear.

Look at this graph, when you know, then you know. Fuck all this distraction from the actual problem, orange man is a distraction.

https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

I mean, the Brownback Experiment nearly broke Kansas, but what if we scaled it up to 50 states?

Tax the rich, give the middle and lower class tax breaks. It would fix so much.

Someone did the math and realized we would need a 130% tariff on all goods to replace current income tax revenue.

People’s number one concern is inflation. If that tariff is created we will see 100% inflation over night!

Eat the rich. Tax the motherfuckers.

Trump floats more shit than a sewage treatment plant.

Horrible idea from a horrible orange blob.

How about we eliminate income taxes and replace it with corporate carbon emissions tax, AND cut fuel subsidies.

See this is the kind of thing that makes zero actual sense but his supporters pretend to believe he can accomplish it or worse they actually believe him.

How much can a banana cost Michael, $1000?

I swear he comes across as even more senile each and every day. But ...

The rich would support this - they can only consume so much after all, and most of that would be discretionary. No more income taxes on vast incomes, stop buying imported shit, huge win for them. The chowderheads supporting Drumpf would probably be enthusiastic about such an idea too - imagining their small paychecks without that hated tax deduction box and imagining no more paying every year for that scary tax return software. And then, they lose their jobs because countries that we export to retaliate with their own tariffs. Prices on pretty much everything goes through the roof (because even domestic products have foreign supply chains), and most of the cheap shit they used to be able to afford (like electronics from China, bulk foods from overseas and (fast-)foods made with it) they can't afford now.

Meanwhile, with the economy crashing, federal receipts (both tax and tariffs) dry up and it's Government Shutdown time. All working according to the Plan. Grandma and Grandpa lose their incomes and health care and have to move in with unemployed, impoverished JimBob and the wife, which is darn near intolerable what with all the hillbilly kids being home all the time now that the schools have been shut down. Kids that are wailing about being hungry all the time just like the oldsters.

It would be fun to see what carve-outs to the tax/tariff policy they'd have, to try to keep the MIC funded. Borrowing is of course the preferred way to fund it, but nobody's going to be touching the bonds issued by an actively collapsing national government.

They'd have to be enforced to be effective.

Who made his gold-painted shoes?

The price of computers and TVs would skyrocket—making the tariffs regressive taxes—though it might also spur repair and re-use.

This is the same economic genius that said if the US wanted to default on the national debt, we could and then we could just renegotiate what we owed like some chump who bankrupted their own casino.

And he will do it.

He has to figure out this thing with a boat, a shark, and a battery...

But once he works that one out, China will be paying our taxes.

People are so fucking stupid. This man will further ruin the United States. Not even attempting to maintain it.

Jesus Christ. Why is it that republicans think destroying the country will be better than what we currently have? It's so fucking insane.