Yup

Breaking News, Trump STILL doesn't understand what a tariff is.

In a development that surprises no one, Donald Trump has suggested eliminating the progressive income tax and raising government revenue through tariffs on foreign countries. Tariffs actually affect the company that the US government has jurisdiction over, the importer. So you might have lower or no income tax, but everything you buy will be more expensive. Especially since the US economy is focused on downstream manufacturing and not raw materials production. IE, You have to pay more for a Coke, because Coke makes cans out of raw aluminum it buys from Canada, and the aluminum importer has to pay a new tax (the tariffs). And another fun fact, since working people generally have to spend all of their income to survive and rich people can save/horde money, tariffs will cost poor people more money and make rich people richer if they aren't paying income and payroll taxes anymore.

Tags

tax policy tariff regressive tax

More Posts from Qlipboard and Others

qlipboard

1 month ago

Great ideas

What Are Trap Crops? Trap crops are grown to take some of the pest pressure off of your main crops, by being even more attractive to pests. They are a diversion, a metaphorical bone that a gardener throws to the pests so they ignore your real food. For example right now I’ve got strawberries as a main crops with clover as a cover crop interspersed. The clover fixes nitrogen, which feeds the soil and is occasionally trimmed short and chopped + dropped. That clover is also acting as a trap crop. With a thriving thrip population that’s showing no signs of stopping, you’d think I’ve got a bit of a problem on my hands - yet I don’t. I don’t because the thrips are targeting only the clover and are completely avoiding my strawberries altogether. The nitrogen-fixing cover crop is also “trapping” (distracting) thrips making them a total non-issue. Now that’s […]

Tags

regenerativegardening learngardening soilhealth organicgardening

18 notes View Post

qlipboard

3 months ago

Cylinder lift