Another Take on Tariffs

Here is another take on Trump's tariffs --- they amount to the largest tax increase in US history --- magically shifting a huge chunk of the tax burden from the wealthy onto the backs of MAGA supporters.

Not just my opinion but that of Peter Navarro, Trump's jailbird economic adviser.

https://www.yahoo.com/news/peter-navarro-says-tariffs-6-1850...

Re: Another Take on Tariffs

#5

Post by alabastervlog » Wed, Apr 02, 2025, 2:57 PM UTC

jqpabc123 wrote: post #4

Here is another take on Trump's tariffs --- they amount to the largest tax increase in US history --- magically shifting a huge chunk of the tax burden from the wealthy onto the backs of MAGA supporters. Not just my opinion but that of Peter Navarro, Trump's jailbird economic adviser. https://www.yahoo.com/news/peter-navarro-says-tariffs-6-1850...

They're likely to be like a flat sales tax except, incredibly, even more regressive.

So that's fun.