(April 4, 2025 at 11:13 am)Angrboda Wrote: It's funny listening to Maga on X still believing the dream. On the upside, the revenue generated by a tax on Americans will somewhat offset the 2017 tax cut extension. But revenue as a whole will likely sink due to reduced spending and reduced collection due to IRS cuts.
The tariffs are a lose-lose situation. If they work like they’re supposed to - shoring up US companies - you won’t get the tariff revenue. If they fail - by other countries seeking new markets and reducing or eliminating exports to the US - you won’t get the tariff revenue (or at least not as much.
In either scenario, American consumers are going to be hit with increased costs for everyday items.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
