some people have criticized this for dooming and maybe that’s fair.
but the other side is that this is the largest American tax increase in history- I’ll sit down and do the math tomorrow but I think it’s bigger than all other tax increases during my lifetime put together- and it’s regressive
but the other side is that this is the largest American tax increase in history- I’ll sit down and do the math tomorrow but I think it’s bigger than all other tax increases during my lifetime put together- and it’s regressive
Comments
The average American glosses over when you start talking progressive vs regressive
It’s really difficult to explain regressive vs progressive taxes, their impacts, and not have it parried away with very effective branding like “fair” tax.
"this steals from the poor and gives to the rich. this steals from the poor and middle class and gives to the ultra rich. this one steals from literally every bracket below the ultra top .00001% kazillionares, and gives to them. Questions?"
Part of that is self-inflicted but there’s still a messaging gap.
but there is no country’s collections of assets, both human and otherwise, I’d rather start a project with
Trump only barely won both times. If we can just demonstrate that the American people are now durably opposed to tariffs after getting burned, and then unilaterally disarm, I think it would be welcome.
That’s not the same as it definitely sticking but this is not a controlled process from here and maybe not a controllable one.
This includes the beneficiaries of the repaired social safety net that a post-Trump order will need to reintroduce.
It can be done, but a lot would have to be reversed. A *lot*.
However, there will be lasting harm. Weakened trade relationships, lost customers. We'll recover, but we'll never be as strong as we would have been, and we'll always have scar tissue and a limp.
This is going to be more complicated to assess, it causes far more splash damage, and it won’t raise what they want it to raise, but their claimed target for receipts is ~5x that.
https://bsky.app/profile/ernietedeschi.bsky.social/post/3lluuyjacas2w
Lots of matg
Not looking good
https://bsky.app/profile/ernietedeschi.bsky.social/post/3lluuydw32k2x
Long long night y'all!
2002? 2008? 2020? All bad. But each time there was recovery.