Tariffs = No Income Tax For Americans?

"Tell the truth or trump-but get the trick." ~ Mark Twain

"When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear." ~ Thomas Sowell

"Dishonesty increases disorder exponentially. It's hard enough to communicate when you're telling the truth." ~ Karen Marie Moning

When you start up Truth Social, Trump's own internal propaganda machinery disguised as a social media Twitter copy platform, you are offered one of Trump's most extreme myths to date.

Trump is trying everything possible to create a narrative for the Americans to visualize enormous tariffs imposed on foreign countries imports that will fund all the costs of running the government of America without ever having to pay income taxes again.

If you buy into this, you are buying into an economic fantasy. Trump wants you to fantasize about a narrative where foreign exporters, not working-class Americans are paying for Washington's tab. He imagines monies from tariffs flowing into government treasuries so quickly that you and millions of Americans would be free of the burden of income taxes, while the nation's massive services, 800 military bases around the world, healthcare, and infrastructure just keep on trucking business as usual.

Now, if you still believe tariffs could plug that gap, forget about it.

The United States spends approximately $7 trillion of goods and services every year. In order to increase $2.2 trillion merely by way of tariffs, you would require a mean tariff rate of nearly 58 percent against all countries!

Such a tariff level would be economic suicide.

Foreign companies would not take these costs lying down. Rather, it would be American businesses, the ones that hire you, that pay the tariffs and then pass them along to you. You'd see it everywhere, from the grocery store to your electricity bill. Inflation would skyrocket, your purchasing power would disappear, and your paycheck would shrink before your eyes.

And while you are forced to pay through the nose for bare necessities, the rest of the world would retaliate. Countries would impose tariffs on American imports, U.S. farmers would go broke, factories would outsource abroad, and what had once been a world-trading empire would shrink into an isolated, defensive economy gasping for air.

You need to understand that tariffs are taxes that you pay, not foreign governments.

Trump's plan does not lower your tax bill, it simply hides it within every dollar that you spend. It is a shell game, a sleight of hand intended to make you think you are coming out ahead when you are actually being slowly bled with increased inflation and lower ability of purchasing power.

No serious economist, conservative, liberal, or libertarian believes in Trump's myth or dream that tariffs would pay for the federal government. They are brighter than that.

Behind the slogans and BS, Trump's proposal is unmasked for what it actually is a wild-eyed, economically ruinous scheme to destroy your level of living, destroy American competitiveness, and steer the nation towards an avoidable economic catastrophe.

Americans be careful for what you wish for, if the Trump Administration takes away part of the services such as Medicaid, Medicare, old age pensions—social security, education, infrastructure, but an increase in military spending of over $1 trillion now, such economic actions against the majority of the citizens would be devastating to the society and even more unraveling of the American nation state empire.