Trump will scrap federal income tax and abolish IRS, ally suggests

[no_hypocrisy]

16. Why Wharton School of Business let TSF graduate, I'll never know.

He doesn't understand taxes, tariffs, and consumerism.

If the tariffs are more or less universal, it doesn't matter if I buy domestic or imported. I'm going to pay maybe 25+ percent more on just about everything. My cost of living is going up, up, up. But my salary won't. And I won't rely on credit to pay the bills as much. I just will severely cut back on what I buy. And I won't be the only one.

Not only will the American economy contract from consumer anemia, but business won't be getting their profits from folks like me who aren't buying goods and services like they used to. Sure, tariffs will be collected, but there will be less demand and thus, less tariffs collected. And with less revenue, there will be a notable contraction in funding federal programs, agencies, salaries, etc. And federal assets will need to be sold, for example, national parks and wildlife preserves.

It doesn't matter that TSF understands any of this. Those around him do and they're salivating at what the future holds.