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346 points Kye | 1 comments | 25 Aug 25 17:41 UTC | HN request time: 0.001s | 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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helloooooooo ◴[25 Aug 25 18:35 UTC] No.45017286[source]▶
I don’t think anyone here has yet come to the realization that ending rampant consumerism is the whole damn point of the tariffs.
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khuey ◴[25 Aug 25 18:39 UTC] No.45017343[source]▶
The "point" of the tariffs is that Trump likes tariffs. There's nothing more to it than that.
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1. lolc ◴[25 Aug 25 21:59 UTC] No.45019587{3}[source]▶
Why cut off your thinking there? I can think of many reasons why he would like tariffs. Two off the bat:

- Allows claiming various benefits like onshoring production, or reduced taxes. This is for the voters.

- Allows threatening other countries' industries with tariffs unless they invest in his friends' enterprises. This is for him.