←back to thread

346 points Kye | 1 comments | | HN request time: 0.001s | source
Show context
cheema33 ◴[] 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.

replies(15): >>45017021 #>>45017119 #>>45017155 #>>45017184 #>>45017192 #>>45017207 #>>45017218 #>>45017227 #>>45017262 #>>45017286 #>>45017339 #>>45017362 #>>45017446 #>>45017576 #>>45018312 #
colechristensen ◴[] No.45017192[source]
I think it's quite the opposite. Tariffs are flat taxes on corporations AND can't be avoided with the tax shenanigans all big corporations use and many small ones can't. Implementation and motivation details aside I'm in favor of small tariffs for all but the most equal trade partners.

Corporate taxes have the problem of small business paying much more proportionally than large ones and a flat tax on businesses that rely on cheap foreign labor and goods is deserved.

Trump doesn't get to define all of my opinions by me needing to oppose exactly everything he's done.

The problem with the current political situation is the establishment in both parties w were too cowardly or useless to address real problems which are now actually being addressed by objectively stupid fascists.

And that is the lesson to everyone, get stuff done or get replaced by awful people doing awful things.

replies(7): >>45017231 #>>45017249 #>>45017264 #>>45017288 #>>45017299 #>>45017328 #>>45017359 #
graeme ◴[] No.45017288[source]
>Tariffs are flat taxes on corporations

The OP said tariffs are not progressive taxes. You are agreeing with them while believing you are disagreeing.

Further tariffs are not specific to corporations. Individuals pay them. Small business pay them. Large businesses pay them.

replies(1): >>45017412 #
folsom ◴[] No.45017412[source]
Then you would agree that all corporate taxes are not progressive and are eventually paid by all consumers thus all corporate taxes should be abolished.
replies(2): >>45019033 #>>45021592 #
1. jemmyw ◴[] No.45019033{3}[source]
Corporate taxes are paid on profit. In theory they should not change consumer pricing in a perfect market. They can be seen as a tool to encourage companies to spend more on R&D and capital investment rather than returning profit.