[vaidhy]

A tariff across the board is same as a sales tax (rather a value added tax, as it is dependent on the value of goods).

I would love to understand why you think it is punitive for the ultra rich.

[water9]

because tariffs only raised the prices of goods that can’t be bought anywhere else. The thing is America can make pretty much everything and by doing so it forces more American labor, which is more expensive for the ultra rich, who owned the companies that the laborers work for. The biggest factor, however, is that it impacts the velocity of money. The hundred dollars that you spend on an American business goes to another American and the cycle continues in America enriching everybody instead of immediately fleeing overseas, which just access a devaluation of the currency

[fsckboy]

sales taxes are based on the value of the goods.

value added taxes are paid on the profit made on the good, and are paid by the seller (because the buyer doesn't know what the profit is). value added taxes are basically corporate income taxes

[ndsipa_pomu]

Here in the UK, the value added tax (VAT) is calculated from the sales price to the customer. Companies can claim back VAT that they pay for parts etc so that VAT is pretty much only paid by the customer