Shoq
Tariffs 101: Taxes for the Poor, Perks for the Rich
Despite the political hype, Trump’s tariffs aren’t some bold new way to raise revenues from foreign nations. They’re federal taxes on imports from over 90 countries—and the costs land on you at the checkout.
Like any sales tax, they’re regressive. Working- and middle-class families spend nearly all their income on basics—food, clothing, supplies—that tariffs make more expensive. In many cases, a LOT more expensive.
The wealthy hardly …
Davie Duck
@shoq @dangillmor Meanwhile, #Epstein?
Shoq
notice this new tax. Why? Because they spend proportionally less on essentials, and far more on investments or luxuries untouched by tariffs. Their wealth insulates them from feeling any pain, while higher prices crush everyone else.
So forget the hype. Tariffs are just a back-door tax shift, punishing those with the least cushion while insulating those with the most. A reverse-Robin Hood scheme wrapped in patriotic branding, being aggressively peddled by conservative politicians, …
Shoq
influencers and charlatans, hoodwinking Americans with the illusion that it’s raising money from foreign countries, when it’s really raising money from the poorest citizens of our own.
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