https://x.com/Liv_Agar/status/1850375879005999596
Please do it Mr President. Imagine how high the tariffs have to be. Close to like 50-80% maybe? On all imports. That’ll cut purchasing power so much.
And how effective will the tariff collection be compared to income tax? All the income tax workers will have to be transferred to customs. If the efficiency isn’t similar, then US Dollar might have issues.
And it is much easier as of right now to evade customs and tarrifs than income taxes. You can undervalue very easily.
And with exports of China shrinking because of tariffs they’ll be forced to increase domestic demand.
Trump really hates Amerikkka.
Both the ussr and dprk control all/most firms in the economy. If they think that there is too much inequality in the existing wage structure, they can easily change it. As an example, the Chinese government implemented a salary limit on super high income earners in the state owned finance sector.