Knowing our government though, they'll just slap more tariffs and taxes and "forget" about reducing the sources of taxation, to further bleed people dry.
See: Places like Canada, where ordering something from Japan for example means you have to pay a customs fee on top of shipping costs and then on top of all the taxation.
It's pretty awful honestly, and I can see them "forgetting" about that.
But if other tax sources were eliminated, then people would be more welcoming to paying tariffs and fees because it would (if appropriately priced) relieve the tax burden which also means more purchases.
It would probably even out in the long run, because people would spend more if massive percentages of their income weren't removed from their paychecks every period.
Knowing our government though, they'll just slap more tariffs and taxes and "forget" about reducing the sources of taxation, to further bleed people dry.
See: Places like Canada, where ordering something from Japan for example means you have to pay a customs fee on top of shipping costs and then on top of all the taxation.
It's pretty awful honestly, and I can see them "forgetting" about that.
But if other tax sources were eliminated, then people would be more welcoming to paying tariffs and fees because it would (if appropriately priced) relieve the tax burden which also means more purchases.
It would probably even out in the long run, because people would spend more if massive percentages of their income weren't removed from their paychecks every period.