Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Trump also talked about using tariffs to leverage negotiating power over bad actors, a source told CNBC.
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The US tax rate is very similar to other nations, the only difference is what we spend our tax money on. Most rational nations spend their tax money on their citizens. The US spends it on other poor countries citizens, but not in the way you are thinking. We spend hundreds of billions of dollars to bury Palestinians under rubble. Hundreds of billions to cover Yemen people alive while they sleep. Meanwhile, school teachers in America have classes over 30 students and have to buy their own school supplies.
This is such a gloriously uninformed opinion. The benefits to the US from being a global superpower are staggering, investing a million dollars in shutting down the Houthi attacks on merchant ships or whatever returns hundreds of millions of investment back to the US by way of trade (also, they are "spending" that money on the wages of nationals, it's not leaving the country). The Israeli Hamas is a proxy war with Iran, it's unethical and utterly immoral, but to argue that it's costing the US money is flawed.
There are real areas us spending is bad, the fact that the US spends over 17% of gdp on healthcare when other countries like Australia spend less than 11% does mean that Americans are spending too much money on healthcare (and literally getting shit for it), but it still doesn't mean that they are destroying 6% of GDP.
We spend more on the military than the next ten countries combined. TWO of which are actively engaged in open conflict with each other.
I'm not sure that you understand my point. Spending money on military is an economic gain for the USA, for every cent spent they gain dollars in returns. It's a "good" investment (from an amoral financial perspective, as said above, the ethics are appalling). Another country who spends less but also has a return to their economy less than they spend (like North Korea) is a bad use of taxpayer money. The amount of spend/return isn't relevant, the ratio is what matters.