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Trump is furious that his tariffs are doing exactly what economists said they'd do
(www.motherjones.com)
this post was submitted on 19 May 2025
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I guess there is a difference between an increase in tax on profits, and an increase in tax on raw materiels.
If the tax can be directly attributed to the cost of making something and everyone is hit then same, then of course the tax cost will be passed onto the consumer.
If the tax was only on profits, and in a progressive way, then companies making too much money (ie exploiting) will get taxed more than those running a sensible company
Exactly. The tax on profit is supposed to add an incentive to reinvest in the company. The tax on raw materials absolutely just gets passed on to the consumer :/
You’re being too reasonable.