💥🦁💰 Trump Drops Bombshell Proposal: Allegedly Suggests Eliminating Income Tax in Favor of High Import Tariffs During DC Republicans Meeting 💥🦁💰
(www.thegatewaypundit.com)
🏁 - A WINNING MOVE - 🏆
Wow! Getting back to the Constitution. How novel!
Not only would Americans get to keep way more take-home pay, but foreign goods, like those from CHINA, would get too expensive to buy, which would mean more AMERICAN MANUFACTURING and more jobs in AMERICA.
The only people pissing and moaning about it on the right will be Globalist RINOs. The people on the left are too stupid to understand any of it.
The left will keep voting commie as long as they are promised more free sh!t tomorrow.
And as we all know, tomorrow never comes.
Import tariffs would not become so dramatically expensive that people couldn't afford it, especially paired alongside an income tax elimination.
Remember, it's not about making the consumer pay more; it's about making it more attractive for manufacturing to return to the states.
Also -- and this is critical -- create a system that is predictable and transparent to the end consumer. If I am importing a product from overseas, let me see what that tariff cost would be before purchase so that it doesn't end up in the hands of U.S. customs with no recourse because they charged a sum that was higher than expected.
Not to be a Debby Downer but... this idea that “manufacturing would return to the US” is a flawed one. Especially if you think the cost of the item being made here would be cheaper because of it having “no tariff.”
Let’s take Hot Wheels (the toy cars) for example. The price point for a regular Hot Wheel car has hovered at $1 for almost 30 years. If you suddenly tariff this item: 1. The price would greatly be effected 2. If you expect that same item to suddenly be manufactured in America you have to wait for the manufacturing plant to be built at a tremendous cost. 3. That new plant and the cost of the raw materials and labor cost gets baked into each and every one of those toy cars that will no longer be sold for $.99. The true cost to the consumer would be closer to the “tariffed” version of the car whatever that would be.
To think, “it’ll be wonderful,” manufacturing will just magically come back to the US is a foolish one. The reason manufacturing left the US in the first place is because of our demand for cheaper goods. Our labor costs/rents/leases/machinery skyrocketed forcing companies to find cheaper manufacturing elsewhere.
This isn’t the solution you think it’s going to be. Even if you took away the tariffs so the US could compete on an international level the US isn’t going to start making Hot Wheels in Arizona for example because it would be insanely cost prohibitive to do so. This goes for every other item you can think of that would be made here. The reason a basic Hot Wheels car is so cheap is because slave labor usually is much cheaper. Coupled by the fact that the machinery used in manufacturing the toy cars was paid off decades ago. Plus, the raw material is dirt cheap in places like China... again helped by “slave labor” costs.
Bring everything you need to manufacture a basic Hot Wheel car to the US and that toy car would cost at minimum $5 to purchase. Fun fact the basic Hot Wheel car has never been mass produced in the US for a reason... production costs.
So, as great as tariffs sound to you and me, it doesn’t necessarily translate to “all goods” making sense to being manufactured in the US without a tripling of costs passed onto the consumer.
Another fun fact, most of our goods made in other countries are typically subsidized heavily by those governments. Baskin Robbins (31 Flavors) ice cream sold to the consumer in the US is actually manufactured in Canada. Because it’s cheaper to import ice cream into the US due to subsidies from the Canadian government. US labor and manufacturing couldn’t keep Baskin Robbins competitive in the US market anymore so they relocated production to Canada. The tariff catch-22 here would force Baskin Robbins into bankruptcy. Good bye to all the ice cream shops around the country if all of a sudden you force Baskin Robbins to choose, continue importing at a tariffed cost or build a manufacturing plant in the US and pass that “new” production cost onto the consumer. The real loser here would be the consumer.
The scary prospect of tariffs is how many goods will suddenly vanish from store shelves never to be replaced - or - they will exist just tremendously more expensive, especially if it’s stamped “Made in the USA.”
Tariffs are truly an inflationary tax on the consumer in so many ways.
By dumping tariffs on companies, they have to choose if access to the massive American market is worth the increased burden.
It resolves the problems on many levels and while it introduces a few new ones, those new ones can be resolved with intelligent incentives and time. What can't be solved are the problems with manufacturing leaving the country in droves for decades.
If -- and when -- they try to pass the cost on to consumers, consumers should be smart enough to say "nah, I don't think I'm going to buy that", and over time -- again, time -- they will have to make the decision to pull out entirely or acquiesce to building manufacturing facilities and employing Americans.
All of these companies have vast coffers of cash that they didn't have before, and now it suddenly costs way more to build manufacturing for those "$1 Hot Wheels" cars? That's cute.
The United States does not have to respect the patents for products that are not produced or marketed here and nor should we. If it means some other company rises up using similar technologies, then that is a good thing.
It is a multifaceted problem that requires many solutions, but literally -- LITERALLY -- everything that is being done now is wrong, so we need to stop moving this direction and turn back.
There is no need to complain about rising costs (from tariffs) if you keep your money instead of losing a massive chunk every pay period.
I tried explaining this to my sister and she doesn't buy it. I had to stop myself without giving a dissertation of the history of our money and why the income tax was created.
Love her to death, but sometimes her lack of knowledge or willingly not wanting to learn kills me.
This is everyone in my immediate family. Willfully ignorant.
I believe this is exactly why it will never happen. Americans with steady employment and disposable income are Americans that are difficult to rule over. Income tax is how to keep incomes low and the population controlled, a lever of power this critical to the ruling class will never disappear absent a miracle or abolishment of our government.