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346 points Kye | 4 comments | 25 Aug 25 17:41 UTC | HN request time: 0.771s | source
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cheema33 ◴[25 Aug 25 18:13 UTC] No.45016963[source]▶
This needs to be repeated. Tariffs are a tax on ordinary citizens. Unlike regular taxes, tariffs are not progressive and therefore benefit the wealthy.

These are the sort of things the poor and middle class voted for. To make the rich, richer. And then turn around and complain that rich are getting richer and they are getting poorer.

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1. msgodel ◴[25 Aug 25 18:27 UTC] No.45017184[source]▶
They're not nearly as bad as income tax which would have to be raised if we didn't do tariffs.

At least tariffs tax consumption rather than production. Taxing production/income is horribly evil and in better times (such as when the country was founded) people who insisted on it would have been shot.

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2. ◴[25 Aug 25 18:30 UTC] No.45017214[source]▶
3. woadwarrior01 ◴[25 Aug 25 18:52 UTC] No.45017527[source]▶
> At least tariffs tax consumption rather than production. Taxing production/income is horribly evil and in better times (such as when the country was founded) people who insisted on it would have been shot.

Not true. Producing almost anything in the material world requires raw materials. If any of them are imported, they suffer from tariffs.

IMO, if a consumption tax is what you're looking for, then value added tax (VAT) is a more suitable solution.

4. marcosdumay ◴[25 Aug 25 19:28 UTC] No.45017908[source]▶
> I'm a white upper-middle-class military veteran professional landowning (mortgages don't count, buddy) male

If you don't own a stable company, you may still be too poor to benefit from those ones.