First it's going to be 20-30% . Then it'll be changed to 50%. Then 100%. This effectively gives government better ability to induce inflation at a whim.
No more taxes! Government needs funding? Reenact tariffs instead.
Tariffs are pretty much identical to a sales tax, the item is just taxed on import instead at time of sale. The American people still pay the cost of a tariff.
First it's going to be 20-30% . Then it'll be changed to 50%. Then 100%. This effectively gives government better ability to induce inflation at a whim.
No more taxes! Government needs funding? Reenact tariffs instead.
Tariffs are pretty much identical to a sales tax, the item is just taxed on import instead at time of sale. The American people still pay the cost of a tariff.
"Tariffs are pretty much identical to a sales tax,"
No, they are not. Tariffs only affect imported goods.
Until we produce our own goods domestically.
Tariffs are the same too lol