Re:US Administration announces 34% tariffs on China – 20% on EU
by colordrops on Thursday April 03, 2025 @03:28PM
(#43574269)
It's messed up from first principles - hard work should be valued as a society over investment gains, and reflected at the individual level in take home income. Obtuse measures and comparative aggregates are irrelevant.
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Re:US Administration announces 34% tariffs on China – 20% on EU
by Domenic_S on Thursday April 03, 2025 @07:12PM
(#43576587)
“Should be” is doing a lot of heavy lifting there - I have heard reasonable arguments either way - but it misses the point: whether the personal tax rate was all-time high or an all-time low, personal tax revenue stays roughly the same historically. In other words it’s a trap - raising the rate might make you feel better, but if history is any indicator it won’t change anything for everyday citizens.