The White House is floating a bold idea: scrapping personal income taxes entirely and funding the government through tariff revenues instead. Sounds revolutionary, right? But economists aren't buying it. The math simply doesn't add up—tariff income would need to skyrocket to compensate for trillions in lost tax revenue, likely crushing imports and triggering trade wars. For crypto investors, this kind of policy uncertainty matters. Aggressive tariffs could fuel inflation, weaken the dollar, and push more capital into alternative assets. Still, most analysts see this as political theater rather than a realistic fiscal blueprint.
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TradingNightmare
· 21h ago
Another political stunt. Do they really think we're fools? Tariff revenue is useless—America's books have been a complete mess for a long time.
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MetaverseLandlord
· 12-06 04:56
That's quite the clever scheme, but the problem is that no one believes it.
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PaperHandSister
· 12-04 23:03
Haha, it's just a political show. Do they really think everyone is brainless...
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staking_gramps
· 12-04 23:01
Cancel personal income tax and replace it with tariffs? Wishful thinking, this math problem simply can't be solved.
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ETH_Maxi_Taxi
· 12-04 22:54
Trying to fleece newbies again, this trick is way too old.
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SolidityJester
· 12-04 22:39
To put it bluntly, it's just political posturing. How could the revenue from tariffs possibly fill a multi-trillion-dollar gap... Anyway, I'm just waiting to see whether they'll raise interest rates or print more money this time. When that happens, the crypto world will have another wave of celebration.
The White House is floating a bold idea: scrapping personal income taxes entirely and funding the government through tariff revenues instead. Sounds revolutionary, right? But economists aren't buying it. The math simply doesn't add up—tariff income would need to skyrocket to compensate for trillions in lost tax revenue, likely crushing imports and triggering trade wars. For crypto investors, this kind of policy uncertainty matters. Aggressive tariffs could fuel inflation, weaken the dollar, and push more capital into alternative assets. Still, most analysts see this as political theater rather than a realistic fiscal blueprint.