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.
Damn the Wikipedia entry on that subject is tiiiiiiny. The first page of other internet results on it include an askhistorians thread that doesn't have very much to add, a Trotskyist article that says a lot but very little on the tax system itself, and an archived article on jstor from 1927 (!!) that I'd need a school account to read.
Maybe I should read the book that the wikipedia article cites? Or maybe I should pick a more recent book on the subject. I've got a lot of books on my list already, some which overlap on this subject, so it'll be a while either way.