Like the sales tax, tariffs function as regressive taxes that harm lower/middle-income families. They are flat increases.
When the costs of goods/essentials rise, those in the lowest income brackets feel the increase more because of the proportional impact on disposable income.
When the costs of goods/essentials rise, those in the lowest income brackets feel the increase more because of the proportional impact on disposable income.
Comments
Here is who to blame:
#DonaldTrump
#ElonMusk
#PeterThiel
#CharlesKoch
#MikeJohnson
#JohnThune
#ClarenceThomas
#JohnRoberts
Tariffs also ensure that non-competitive industries will fall further behind as they needn’t respond to global competition.
They would be more targeted (hence higher impact).
Now add the billionaire tax cut that they will legitimize by this future tariff income.
They will rob them (yes you!) blind.
The lower income segment will be decimated though.
It's tanking the US economy for no reason. It has to be outside interference at this point.
This time with uglier buildings