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Totsugeki on scored.co
1 year ago2 points(+0/-1/+3Score on mirror)2 children
>Someone please explain how this helps our economy AT ALL
You are only focusing on part of the comprehensive overhaul of the economy.
1) One of the end goals of tariffs is to replace the federal income tax. Trump has talked many times about abolishing the IRS and replacing it with the ERS (External Revenue Service).
2) Another part of Trump's economic plan to mitigate the tariff impact on America is massive investment in domestic energy production. More domestic energy = lower costs on everything for everyone + makes our exports more competitive from the lower cost.
1. I have zero confidence mr $1000 stimulus after years of lockdown is gonna lower our income taxes. He says a lot of things and then does the opposite. IF this actually happened, Id change my tune of course. But dont hold your breath.
2. Oh really? Are we getting nuclear plants? Or are we fracking more national parks like the last term?
> One of the end goals of tariffs is to replace the federal income tax.
If this is the goal then the govt. is incentivized to minimize domestic production and import food and goods to maximize tarrif revenue. Especially of inelastic demanded goods where the higher price does not depress demand. The spending on these goods reduces discretionary spending.
You might trust Trump on this but what happens in the long term?
Sounds like the %age spent on food will increase.
I guess this supports the goals of ConPro to reduce consuming but I would rather have $ than not.
You are only focusing on part of the comprehensive overhaul of the economy.
1) One of the end goals of tariffs is to replace the federal income tax. Trump has talked many times about abolishing the IRS and replacing it with the ERS (External Revenue Service).
2) Another part of Trump's economic plan to mitigate the tariff impact on America is massive investment in domestic energy production. More domestic energy = lower costs on everything for everyone + makes our exports more competitive from the lower cost.
2. Oh really? Are we getting nuclear plants? Or are we fracking more national parks like the last term?
If this is the goal then the govt. is incentivized to minimize domestic production and import food and goods to maximize tarrif revenue. Especially of inelastic demanded goods where the higher price does not depress demand. The spending on these goods reduces discretionary spending.
You might trust Trump on this but what happens in the long term?
Sounds like the %age spent on food will increase.
I guess this supports the goals of ConPro to reduce consuming but I would rather have $ than not.