Because republicans want to fund the country entirely from tariffs instead of taxes.
Which worked out great for every country that has ever tried it.
this post was submitted on 05 Mar 2025
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It’s part of their plan to eliminate the IRS and federal taxation, to be replaced by a universal sales tax. However, trump doesn’t have the authority to do that. But he can tariff. And a tariff is a little bit like a sales tax.
Therefore, we get tariffs.
Now, the other problem is that the tariff revenue is going to be like 1/10 that of the IRS tax revenue, which will require a 90% reduction in federal spending. Including defense, research, healthcare, and social security. Can’t collect social security tax if the IRS doesn’t exist either, so social security is getting axed.
It will of course make 56 million seniors homeless, but thats a small price to pay for a 15% pay bump for me!
Market manipulation. He is also a TV show host, so he is a showman. He likes creating drama.
He is famous for bad management, causing his casinos to go bankrupt. His management style is going to bankrupt US and somehow make him richer.
Because at his age it was easier than getting penis-enlarging surgery.
Market manipulation .... upset the system .. make it dive ... buy cheap ... sell them high
Keep doing this for the next four years until you become king of the world!
All this raises the question: Why has the US president chosen to upend trade relations on the North American continent?
It's because the trade agreement trump's unhappy with was made by a raging moron.
For everyone else following along, the USMCA that was put in place after Trump renegotiated NAFTA in his first term… was made by Trump. So he’s unhappy with his own legacy. Which seems on brand for him, tbh.
Part of the agreement allows for a review next year and his complaints could have been addressed them, but apparently negotiated such a lousy deal he can't wait that long.
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Am I the only one surprised at how low the cost per household could be? I keep thinking it should be quite a bit higher.
Maybe they're factoring in all the job losses, if someone can't afford to buy food at all they won't be paying any tariffs.