https://www.cnbc.com/2024/11/12/trump-tariffs-companies-scramble-lobbyist-loopholes.html
‘Everyone is calling’: Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
Published Tue, Nov 12 20244:08 PM EST
Updated Tue, Nov 12 20244:46 PM EST
Rebecca Picciotto
Lora Kolodny
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Trump made universal tariffs a core tenet of his economic campaign pitch, floating a 20% tax on all imports from all countries with a specifically harsh 60% rate for Chinese goods.
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It seems really simple — tariffs or the IRS!
Both get the money from the same pocket — we, the Taxpayers.
Without the income tax and the IRS, there’s no need for lobbyists and loopholes. Pay when “stuff” comes in, no exceptions, and there is no need for an IRS,
We’ll still be paying. Of course, there will be a period of adjustment. Some prices will go up and some won’t. We’d be changing the entire “incentive” structure back to one the Dead Old White Guys intended.
Of course, we should be very afraid on winding up with both! That’s one of the arguments for any tax reform (i.e., flat tax; fair tax; national sales tax; etc. etc. Etc.).
I’m not sure that One Fell Swoop (i.e., shut down the IRS and impose tariffs on the same day like February First) is the “best” implementation strategy but we drive on roads with potholes all the time. So what.
I’d say: “Just Do It”.
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Posted by reinkefj 
Reinke Faces Life 