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Vlad_The_Impaler on scored.co
1 year ago1 point(+0/-0/+1Score on mirror)1 child
Even if you like tariffs in theory, it's hard to believe that the government can't and won't fuck this up.
Trump can't be the first U.S. President to try this. Can anyone give me a history lesson about previous times U.S. presidents imposed tariffs on multiple nations worth this much money in revenue?
The government was funded by taxes imposed on imported goods until 1913, with the revenue act of 1913 which reimposed income tax. They say the 1930 Smoot–Hawley Tariff Act was a fuck up. You can't really take it at face value though since the great depression was ongoing at the time.
Trump can't be the first U.S. President to try this. Can anyone give me a history lesson about previous times U.S. presidents imposed tariffs on multiple nations worth this much money in revenue?