Trump's middle class tax hike

Fri, 15 Mar 2024 19:24:46 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://www.slowboring.com/p/trumps-middle-class-tax-hike

"Democrats have, for reasons that are politically if not substantively sound,
grown skittish about the idea of raising taxes on anyone who isn’t dramatically
richer than the average American. And I think we all understand that if Joe
Biden were to put out a tweet tomorrow that said “I really admire the Danish
social model, and that’s why I’m proposing a big new national consumption tax
to finance a more generous safety net,” it would be a huge deal politically.
Which makes it remarkable, in my view, that Donald Trump is running on a
gigantic regressive tax increase and nobody seems to care.

But let’s be clear: Tariffs, which Trump is proposing to raise across the
board, are taxes. They are taxes on imported goods."

Via What Could Go Right? S5 E18:
https://theprogressnetwork.org/vesuvius-challenge/

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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