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?
Odds it happens? Exceedingly small. There's (literally) a MILLION IRS bureaucrats & pencil pushes whose entire lives are dedicated to screwing people over. They'd sooner die than give up their power. Plus millions of accountants who make bank off it every year too.
Odds of it working? Pretty good! Before WW1 that's how the system worked & the Federal government had a budget surplus (afaik) all the time. Just tariffs & corporate taxes (reduced a bit) could keep a small-government USA running smoothly, I think.