I have seen a lot of know-it-all democrat voters posting in the last few days about how Trump's economic strategy is bound to fail and those who voted for him for economic reasons are fools. Obviously I am extremely sceptical of these people, as economic literacy has never been a strong point of progressives (not to mention how they are all suddenly experts, like how they were for virus propagation, climate change, etc.).
Nonetheless, I myself am no economist. Can somebody with a better understanding explain the strategy to me, and also any potential ways in which it COULD backfire in the way progressives are suggesting?
It's not just that there was no federal income tax. It's that the federal income tax was unconstitutional. Our founding fathers knew it was basically a "Head Tax" which they didn't want any part of. But thank god those Progressives knew so much better than anyone ever. Now, 30% of my paycheck disappears every time my employer pays me! THANK YOU SO MUCH, PROGRESSIVES
B-b-but think of all the roads....or something....
All those taxes meant for roads.... being funneled to all kinds of stupid pet projects like stadiums:
https://www.youtube.com/watch?v=fb3HcuFyDFQ
Remember this banger?
Roads are paid using gas tax
Only 30%. I got taxed 3 damned times
I didn't include the other ones yet.