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.

top 28 comments

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[–] plinky@hexbear.net 48 points 2 weeks ago (2 children)

trump after meeting kim jong un have learned about self-sufficiency theory-gary

[–] ksynwa@lemmygrad.ml 34 points 2 weeks ago (1 children)

Trump juche arc

[–] miz@hexbear.net 6 points 2 weeks ago* (last edited 2 weeks ago)

the hamberder feast picture, but with banchan and bibimbap

feast-1 feast-2

[–] FuckyWucky@hexbear.net 9 points 2 weeks ago

Too bad he didn't tell him about material conditions (or trollface )

[–] AmericaDelendaEst@hexbear.net 40 points 2 weeks ago (1 children)

honestly cool i'll love not paying taxes, not like the federal government does dick all for me with my money. If they wanna bomb iran they can pay for it, lmao

Nobody needs to tell me how taxes work or are necessary for a functioning state, I already know, I've played more victoria 3 than you scrubs, but we're paying taxes and we don't even get a functioning state out of it 🙄

[–] aStonedSanta@lemm.ee 1 points 2 weeks ago (2 children)

Your money will end up worthless lmfao

[–] 666@lemmygrad.ml 11 points 2 weeks ago

So will this country, which is a good thing!

[–] anarchoilluminati@hexbear.net 9 points 2 weeks ago

waow-based

[–] QuillcrestFalconer@hexbear.net 39 points 2 weeks ago

Critical support for trump destroying Amerikkka

[–] Parsani@hexbear.net 36 points 2 weeks ago

Hell yeah, full support to the destruction of the US dollar

[–] Collatz_problem@hexbear.net 32 points 2 weeks ago

Accelerationist Trump is my favourite bit.

[–] SSJ3Marx@hexbear.net 29 points 2 weeks ago

Imagine how many jobs in the smuggling industry Trump would create if he did this lmao. If he wins the election I might have to buy a boat.

[–] Coolkidbozzy@hexbear.net 26 points 2 weeks ago (3 children)

I'm wondering if he means a turnover tax, like the USSR (they and the DPRK abolished income tax)

[–] Bobson_Dugnutt@hexbear.net 26 points 2 weeks ago (1 children)

turnover tax

They better not tax empanadas

[–] SpiderFarmer@hexbear.net 22 points 2 weeks ago (1 children)

Just the bad ones.

[–] SSJ3Marx@hexbear.net 13 points 2 weeks ago

Imagine if you could tax internet drama directly to fund your socialist state.

[–] Coolkidbozzy@hexbear.net 23 points 2 weeks ago (1 children)

I should just start reposting things I said in the past

[–] SSJ3Marx@hexbear.net 17 points 2 weeks ago* (last edited 2 weeks ago)

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.

[–] alcoholicorn@lemmy.ml 11 points 2 weeks ago (1 children)

Taxing intermediate goods seems economically inefficient.

[–] Coolkidbozzy@hexbear.net 15 points 2 weeks ago (2 children)

Do you think that economic efficiency is the most important outcome of tax policy?

[–] alcoholicorn@lemmy.ml 7 points 2 weeks ago* (last edited 2 weeks ago)

Yes, though other considerations such as practicality affect what's most efficient; a perfectly ideal system isn't the most efficient if there's no means or political will to implement it.

[–] Sodium_nitride@lemmygrad.ml 3 points 2 weeks ago (1 children)

Why shouldn't it be? There are other ways to control inequality for a socialist state (since they control wages). All taxes (and rent, interest, profit) in a country are ultimately paid out on nation's labor. Taxing wages directly is the most sensible way of levying taxes as it doesn't have the risk of distorting the economy in unexpected/unwanted ways, and you can use progressive income taxes to readjust inequality.

[–] Runcible@hexbear.net 7 points 2 weeks ago (1 children)

There are other ways to control inequality for a socialist state (since they control wages)

[–] Sodium_nitride@lemmygrad.ml 5 points 2 weeks ago

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.

[–] CarbonScored@hexbear.net 26 points 2 weeks ago

Trump's out to instantly wither the state and have the ultimate claim that he beat the communists to the finish line

[–] SkingradGuard@hexbear.net 20 points 2 weeks ago

This is hilarious, please do it mr trump, it would be very funny and a very good idea!

[–] windowlicker@hexbear.net 16 points 2 weeks ago

he doubled down on this statement by literally saying "yeah, sure, why not?" to joe rogan. america is a joke.

[–] Des@hexbear.net 6 points 2 weeks ago

Liv Agar