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by DaveExeter 594 days ago
For Donald Trump, this is not enough!

He wants a national sales tax (he disguises it as a tariff) to make the American tax system even more regressive than it already is.

2 comments

A tariff will at least necessitate US production which should necessitate employing people in the US and thus leading to even more competition for people. It should increase real wages, because it effectively reduces the labour supply.
A sales tax and a tariff are two very different things.

https://differencify.com/tax-vs-tariff/

They are very similar, the difference is that everyone can see sales tax on their receipt.

Tariffs are a clever way to impose a hidden regressive tax.

To impose a tax only on imports. So, no, it's really not like a sales tax.

Look, Trump's idea is economically unwise for several reasons. But you're stretching past the breaking point in trying to find a way to drag it into this conversation.