ECONOMICS: I don’t see the downside of swapping tariffs for the IRS

Wednesday, November 27, 2024

https://www.armstrongeconomics.com/armstrongeconomics101/economics/the-recession-into-2028-trump-does-not-understand/

The Recession into 2028 Trump Does Not Understand
Posted Nov 17, 2024 by Martin Armstrong

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As I said, Trump’s plan to eliminate and replace the income tax with tariffs will fail. I understand those who proposed the idea, citing that the nation was funded by tariffs before the income tax, and a return to that funding system may look good in bullet points, but the economy is far more complex, and the socialistic goals will not be able to simply be cut without resistance. 

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I think the biggest risk is, like with the proposal for a national sales tax, is that we wind up with both tariffs and the income tax.

I am struck by the realization that some people have had that only “We, The Sheeple” pay taxes.  Corporate taxes are passed through to the consumer  —  “We, The Sheeple”.  ALL taxes eventually are our burden.

So why not swap the IRS for tariffs?

Yeah, it may cause some disruption but it has to be a net positive to eliminate all the bureaucrats and administrivia surrounding the income tax.  Everyone will be better off when the annual ritual is terminated.  Yeah, I am sure that H&R Block will scream bloody murder.  But imagine getting your paycheck without deductions?

I like it.

And I still haven’t heard a good argument why not.

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Posted by reinkefj

ConspiracyTheories: Munitions on the Lusitania was just a “Conspiracy Theorey” for decades

Monday, January 8, 2024

https://www.theburningplatform.com/2024/01/03/its-the-lusitania-ploy-all-over-again/

It’s The Lusitania Ploy All Over Again
Guest Post by Martin Armstrong

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The Germans took the bail and sank the RMS Lusitania, and the USA used that as the excuse to finally enter World War I, which was their objective all along. Even 20 years later, the US continued to deny there were any arms on the Lusitania. However, with modern technology, divers could finally reach the Lusitania. Only in 1982, 67 years later, were divers warned that there were explosives on the Lusitania.

Finally, Archaeology.org recovered ammunition from the Lusitania, proving once and for all that the Germans were correct. What is incredibly critical to understand here is that the Lusitania was used as bait to get the Germans to sink the ship to justify entering the war.

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When will “We, The Sheeple” wake up?  Like Lucy holding the football for Charlie Brown.  The boobs are tricked over and over by the same <synonym for excrement>!   Time after time, they run the same con on the US public.

It’s time to stop falling for it.

Look what happened when the Tea Party and Occupy Wall Street were all focus on the Big Bank bailouts, the woke stuff started.  

It’s all about keeping “We, The Sheeple” divided arguing about how to arrange the deckchairs on the Titanic.

It’s the FED, the inflation, the spending, the debt, and illegal immigration.

Focus people, FOCUS. 

Argh!

BTW every time they say “Conspiracy Theory”, you know it NOT!

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Posted by reinkefj