OT: Trump as POTUS again, would be.....

[Trevor Wilson]

.............bad for the US and bad for the world:

https://www.smh.com.au/business/the-economy/trump-s-plan-to-unleash-more-chaos-on-the-world-20240116-p5exkl.html

"The Trump plan envisages using the revenue raised from the new tariffs
to fund another round of tax cuts while extending the existing tax cuts
enacted in his first term, with the reductions for individuals in that
first round scheduled to end in 2025. In effect, he would be taxing the
poor and middle class via the higher cost of consumer goods to fund more
tax cuts for the rich."

[ScottW]

Post by Trevor Wilson
https://www.smh.com.au/business/the-economy/trump-s-plan-to-unleash-more-chaos-on-the-world-20240116-p5exkl.html
"The Trump plan envisages using the revenue raised from the new tariffs
to fund another round of tax cuts while extending the existing tax cuts
enacted in his first term, with the reductions for individuals in that
first round scheduled to end in 2025. In effect, he would be taxing the
poor and middle class via the higher cost of consumer goods to fund more
tax cuts for the rich."

Go cry about VAT taxes then. For more regressive.
Your weak country is just crying over taking a hit on it's own export profits.
Which flow across the world in C02 belching freighters which you should strap yourself to the bow
on one to save the planet.

ScottW

Post by Trevor Wilson
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[Fascist Flea]

Witlessmongrel cranks up their Little Lie Machine.

Go cry about VAT taxes then. For more regressive.

For more regressive WHAT, Witless?

Anyway, back to the lie: VAT is the opposite of regressive. It's a consumption
tax. That is the DEFINITION of progressive taxation. Income tax is the
apotheosis of regression, and in the U.S. the regressiveness is magnified
by the innumerable loopholes and sinkholes engineered by fuckuplicans.

BTW, while we're in the neighborhood, how about you denounce the
fuckuplicans' virulent hatred of the IRS. For context, remember that when
your gang of would-be plutocrats elected MAGA Mike, the first thing he
did was try to cut the IRS's funding. Doing so is a proven way of reducing
the government's revenue. The IRS's effectiveness is measured by the
straightforward Return On Investment.

[]
The marginal ROI that would be generated by additional IRS funding varies by
program and has recently been estimated in the range of roughly 3:1 to 6:1.

https://www.taxpayeradvocate.irs.gov
[]

Take it away, Witless. Spew some lies, run away and hide, have a whataboutism
spasm, or use whatever sleazy "debating trade" tactic is your preference today.