Trump: “Tariffs, and tariffs alone, created this vast wealth for our country.”
Trump, like Republican approved social studies textbooks, seems to have forgotten about slavery.
Trump, like Republican approved social studies textbooks, seems to have forgotten about slavery.
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And, the main issue is if they are successful, they massively reduce foreign imports, and hence tariff revenue.
MAGA doesn't know what tariffs are.
It's a fantasy, the dream of an ill-informed billionaire who knows nothing about the struggles of most people.
Just like with women's rights, it will likely start with a Supreme Court decision, delegating it to the state to decide on whether legalize slavery.
https://4.bp.blogspot.com/-ubB00SxxT4o/WL9Q2__E1vI/AAAAAAABTjw/J5OEYjKDfKUjYxbXVoO828mqDolt5rSpACLcB/s1600/gdppercapfrom1700.png
In 1798 this was the only tax revenue (100%) except for a direct tax imposed in 1798 to land and slave owners to pay for the military. By their own measure tariffs represented less then 1% by 1865.
This is misdirection.
The importers pay the tariff and pass the cost onto consumers.
The American consumers are "generating" income for the government.
This is a "robbing Peter to pay Paul" scenario.
Why don't his supporters see this?
TRUMP WAS BORN EVIL!
(Please lock me in a padded room for my own, and everyone else's, safety)
Rip money from the lower classes to be used to pay for tax cuts for the rich. DOGE, removing the debt ceiling, cutting the budget (except military ofc), and so on is all about finding a way to give more money to rich people, period.
Misdirection but tariffs are still paid by the consumer so I don’t know what their point was.