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News@lemmy.world · 5 months ago

Trump floats eliminating U.S. income tax and replacing it with tariffs on imports

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Trump floats eliminating U.S. income tax and replacing it with tariffs on imports

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News@lemmy.world · 5 months ago

Trump also talked about using tariffs to leverage negotiating power over bad actors, a source told CNBC.

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Maggoty@lemmy.world
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5 months ago
No that’s about right. The big problem we have right now is we’ve lost the ability to effectively tax people who don’t live on an “income”. So we need a second system for people who are insanely wealthy.

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