source: https://www.zerohedge.com/personal-finance/get-rid-it-trump-suggests-hell-soon-slashend-income-tax
Trump is still signaling that he wants to replace income tax with tariffs.
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what are the odds this actually happens?
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would it be a good thing? a bad thing? something in between?
And if it does happen, it's obvious how it will shake out in the end. We've seen something similar play out already:
Long term, manufacturing would move back to the US to avoid tariffs. The government wouldn't cut spending because it never does. They would introduce new taxes to make up the difference. The end result is tariffs and taxes. But hey, if it ends up being the same amount taken from Americans, but on-shores industry in the meantime, it'd still be an improvement.