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RE: Liketu Moments 2025-01-20 13:54

in Liketu2 months ago



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This is aggressively stupid.

People on both sides have trouble understanding that it's often not the people who you intended to pay a tax who end up paying the tax.

On the Left, it looks like corporate taxes. Corporations don't pay taxes. Only people pay taxes. The people paying the corporate taxes aren't the rich people at the top.

This has been my biggest concern regarding Trump. The Republican party was the tariff party in the 1920s. Harding and Coolidge weren't that big on toeing the party line on that issue -- Hoover was. You say that you're forcing foreign companies to pay a tax for doing business. They're not paying the tariff -- we are. We pay the tariff via higher prices on imported goods.

No, this isn't a good idea.


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