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Another Take on Tariffs (unherd.com)
3 points by dosmithds2060 440 days ago
1 comments

Here is another take on Trump's tariffs --- they amount to the largest tax increase in US history --- magically shifting a huge chunk of the tax burden from the wealthy onto the backs of MAGA supporters.

Not just my opinion but that of Peter Navarro, Trump's jailbird economic adviser.

https://www.yahoo.com/news/peter-navarro-says-tariffs-6-1850...

They're likely to be like a flat sales tax except, incredibly, even more regressive.

So that's fun.