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In reply to the discussion: The Trump tariffs scam in a nutshell [View all]Bluetus
(2,585 posts)30. There is a simple solution to most of our economic issues
A top tax rate of 70-90%
That's where it was when we built the most successful middle class the world has ever seen, and the strongest economy with the greatest innovation.
We don't tax any profits that are put back into R&D, new factories, new processes, new machinery, or employee benefits such as improved wages, health care, and education reimbursement. With a top rate of, say, 80%, a highly successful company can pay very little tax, simply by investing in its business and its people.
Yes, that hurts the luxury yacht industry, but it benefits just about everybody else. And guess what? Executives still make enough money to have a really nice life with no financial cares in the world.
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The companies will then be expected to donate some of their profits back to Trump.
Irish_Dem
Sunday
#2
The state it was sold in made additional sales tax revenue due to the tariffs as well
MichMan
Sunday
#3
Except sector tariffs like auto parts are not covered by the SCOTUS ruling
Fiendish Thingy
Sunday
#4
I don't think anybody questions that the tariff money goes to the Treasury. That's the wrong question.
Bluetus
Sunday
#34
Tariffs are just baked into the price and aren't listed separately on invoices provided to customers.
Shermann
Sunday
#9
This is a very real scenario. And nosice there was an extra $25 of price gouging in this example.
Bluetus
Sunday
#13
Exactly--it is a potential windfall for companies that passed the tariffs straight on the the consumers.
Ol Janx Spirit
Sunday
#18
We will never see a dime. I doubt companies, who technically paid the tariff will either.
themaguffin
Sunday
#27
Hell, that is the description of our entire society, not just those tariffs. (n/t)
OldBaldy1701E
Yesterday
#38