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JimmyBuckets | 1 month ago

US federal income tax raises vastly more revenue than tariffs ever have. Eliminating income tax would require tariffs at levels high enough to dramatically raise consumer prices and would certainly trigger retaliation.

Also, reduced competition from China does not imply higher wages unless labor has bargaining power and firms pass gains to workers. Historically it has been passed to shareholders not workers.

Finally, tariffs mainly protect manufacturing jobs. AI threatens white-collar and service work

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