Let's say you're one of the upper 10% of earners and make $400k and pay $100k in taxes. You'll love it because you will be able to easily handle the inflation. Now, you're making $40k and pay next to nothing in taxes. You'll struggle to keep up with your day to day expense. Tariffs would be a windfall for the top 10% who pay 60% of the Ftaxes at present.
I think no income tax is unrealistic at the moment, but possible to head in that direction. To head in that direction, Cutting Federal Government spending is a MUST. Thats where DOGE with Elon and Vivek is important, to expose just how wasteful government officials are with spending. Elon says its possible to cut 2 trillion in spending out of the 6 trillion spent each year. Bringing back oil and energy, and selling it are vital as well. The European Union has already stated they will buy from the US instead of Russia. This would make a HUGE impact on kur economy Cutting the insane regulations and corporate taxes, making it more likely to keep business in the US instead of offshore There are many factors, but possible with President Trump leading and having election mandate
At the founding of our nation, direct federal income taxes were deemed unconstitutional, reflecting a commitment to limited federal authority and decentralized governance. This principle was overturned with the ratification of the 16th Amendment, a decision that warrants reexamination in light of its implications for economic freedom and individual liberty. Furthermore, history provides a cautionary tale regarding the use of protective tariffs as an economic tool. The Smoot-Hawley Tariff Act, widely recognized as a contributing factor to the severity and duration of the Great Depression, serves as a reminder that tariffs often exacerbate economic hardship rather than alleviate it. Repealing the 16th Amendment and pursuing alternatives to tariffs would better serve the American people by promoting fiscal responsibility and fostering a truly competitive, free-market economy.
@@Constitution1789 With the Republican majority in the house and the senate, can they pass a constitutional amendment? I’m skeptical about that because it requires 3/4 of the votes to pass an amendment
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Tariffs alone won’t be enough to replace income tax
Let's say you're one of the upper 10% of earners and make $400k and pay $100k in taxes. You'll love it because you will be able to easily handle the inflation. Now, you're making $40k and pay next to nothing in taxes. You'll struggle to keep up with your day to day expense. Tariffs would be a windfall for the top 10% who pay 60% of the Ftaxes at present.
@@lesmoore3638 yep. Exactly
This is going to be a disaster 😂
"This" is never going to happen. This will be debated and DC will do what it always does. Spend like drunkin sailors.
I think no income tax is unrealistic at the moment, but possible to head in that direction.
To head in that direction, Cutting Federal Government spending is a MUST. Thats where DOGE with Elon and Vivek is important, to expose just how wasteful government officials are with spending. Elon says its possible to cut 2 trillion in spending out of the 6 trillion spent each year.
Bringing back oil and energy, and selling it are vital as well. The European Union has already stated they will buy from the US instead of Russia. This would make a HUGE impact on kur economy
Cutting the insane regulations and corporate taxes, making it more likely to keep business in the US instead of offshore
There are many factors, but possible with President Trump leading and having election mandate
At the founding of our nation, direct federal income taxes were deemed unconstitutional, reflecting a commitment to limited federal authority and decentralized governance. This principle was overturned with the ratification of the 16th Amendment, a decision that warrants reexamination in light of its implications for economic freedom and individual liberty. Furthermore, history provides a cautionary tale regarding the use of protective tariffs as an economic tool. The Smoot-Hawley Tariff Act, widely recognized as a contributing factor to the severity and duration of the Great Depression, serves as a reminder that tariffs often exacerbate economic hardship rather than alleviate it. Repealing the 16th Amendment and pursuing alternatives to tariffs would better serve the American people by promoting fiscal responsibility and fostering a truly competitive, free-market economy.
@@Constitution1789 With the Republican majority in the house and the senate, can they pass a constitutional amendment? I’m skeptical about that because it requires 3/4 of the votes to pass an amendment