[kersplody]

There is also a plan afoot to replace income taxes with tariffs following the McKinley Economic model, involving high tariffs, gold standard, focus on industrialism, and economic imperialism. It kinda made sense in the days where there was a manufacturing base to protect and one could plunder 3rd world economies, but those horses have long left the barn. Also this plan is moronic when you look at the cash flows if implemented today.

[chrishare]

It's also very regressive, at least in isolation. Income tax rates are progressive, but lower income families spend more of their total income on goods so tariff will hurt them more proportionally.

[AuryGlenz]

I’d think that low income people would spend a larger proportion of their money on stuff made primarily in the US - food being the biggest thing. Clothing aside, most things that we get internationally are wants, not needs…and clothing itself can become that once you have enough.

[Spivak]

It does seem like that is The Point.