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<blockquote data-quote="El Correcto" data-source="post: 6099680" data-attributes="member: 60631">It hasn’t gone into effect yet. The markets are viewing things from future effects it will cause. It’s not the end all be all of economics, but right now it is showing a pretty grim economic future. Nope. I said I don’t mind tariffs, I think this whole 10% blanket tariff on everyone and everything is malicious. I think it is more of a libertarian regressive tax pipe dream than actual tariffs.Right wing libertarians have dreamed of a way to eliminate the income tax and replace it with a consumption tax that is super regressive. When you are circumventing congress to tax majority of the good in the country to raise federal tax revenue while slashing billionaire tax rates, it’s not something any left wing individual would ever support. [URL unfurl=&quot;true&quot;]https://www.isidewith.com/parties/libertarian/policies/economic/taxes-2[/URL]They would never get away with a 10% sales tax because the president doesn’t have power over that. 10% consumption tax on all goods through tariffs is very possible for a president to do. Though as they are seeing it has much more negative effects than a sales tax would.</blockquote>

[QUOTE="El Correcto, post: 6099680, member: 60631"] It hasn’t gone into effect yet. The markets are viewing things from future effects it will cause. It’s not the end all be all of economics, but right now it is showing a pretty grim economic future. Nope. I said I don’t mind tariffs, I think this whole 10% blanket tariff on everyone and everything is malicious. I think it is more of a libertarian regressive tax pipe dream than actual tariffs. Right wing libertarians have dreamed of a way to eliminate the income tax and replace it with a consumption tax that is super regressive. When you are circumventing congress to tax majority of the good in the country to raise federal tax revenue while slashing billionaire tax rates, it’s not something any left wing individual would ever support. [URL unfurl="true"]https://www.isidewith.com/parties/libertarian/policies/economic/taxes-2[/URL] They would never get away with a 10% sales tax because the president doesn’t have power over that. 10% consumption tax on all goods through tariffs is very possible for a president to do. Though as they are seeing it has much more negative effects than a sales tax would. [/QUOTE]

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