Premium Only Content
Is it realistic to replace the income tax with tariffs? However, Trump has a plan!
If you think about it, who owns everything in America, literally who owns everything in America? Well, it’s obvious all of us own everything in America. What is under the ground and what’s on top of the ground including each other because we own each other, and we must be good stewards for the sake of common sense in humanity! To me when you pull a barrel of oil out of the ground, each American should share in the profit of that oil because it comes from our soil from under the ground. We’re going to put it there, for each of us should benefit from what God has delivered unto us. Omar Qaddafi was going to take the golden dinar and put everything on the gold standard and that’s the reason why the evil Americans took him out central banks are an evil group and all bankers who are selfish liars and thieves, are traders to all people., have you heard of usury? Did not Jesus Christ clear the temple?
It’s something to think about people it’s something to think about!
Is it realistic to replace the income tax with tariffs?
By Keshav Srikant·July 15, 2024
No
The federal government collected about $2.2 trillion in individual income taxes in Fiscal Year 2023 — half of all government revenue. U.S. imports totalled about $3.8 trillion in 2023. Therefore, a tariff rate of 58% would have been required to offset income tax revenue that year — but only if imports remained at this level.
A more realistic scenario recognizes that high tariffs would cause companies and consumers to reduce their purchases of imported goods (as these tariffs would make goods more expensive).
History confirms this: when tariffs have increased in the past, import volumes have dropped as companies and consumers reduced their purchases of imported goods. Fewer import purchases means less tariff revenue.
An analysis by the nonpartisan Peterson Institute for International Economics found that 50% tariffs would maximise revenue. Even so, this would only raise about $780 billion in tariff revenues — far less than the amount raised by the income tax.
DARPA, NSA, CIA, FBI, and all groups that are somewhat secret society should be purged completely from. It’s very foundation to its top, including all foundations. They have sponsored wars, Bing for blood money on both sides. All of them should pay for their crimes. So how should we do this first they should be disbanded all of their retirement, put in a general fun and all the ones that they hurt would benefit from those funds. Therefore, if they retired egg on Social Security at 10% of the money that they had put in if they put in none, they should go back to work, or serve in Guantánamo Bay as its inhabitants.!
So what say you you got a plan let’s hear it ride it out. Apparently President Trump has a plan number one we can’t keep bringing people into America not the way they come in. Yes there are a lot of thieves in everything but we have these within the US government has top echelon people who have worked human trafficking and work pedophilia. All pedophiles should P with their life anyone to penetrate a child, should lose their existence in living they should pay with their life it’s evil Millstones we ran out of milestones for auto pedophiles around so let’s start stringing them up and burying them after we can make that. Make sure they don’t come back.
-
51:35
Dr Steve Turley
1 day ago $10.53 earnedROSEANNE BARR - Her Journey, TRUMP, and the MAGA GOLDEN AGE! [INTERVIEW]
24.9K34 -
57:38
The Tom Renz Show
3 hours agoMerry Christmas - The Tom Renz Show Christmas
32.3K3 -
2:59:10
Wendy Bell Radio
13 hours agoThe Bridge Too Far
127K185 -
1:03:45
Donald Trump Jr.
1 day agoHappy Festivus: Airing Our Grievances and Stopping The Swamp w/Sean Davis | TRIGGERED Ep.201
398K519 -
1:30:30
Game On!
16 hours ago $7.31 earnedTop 5 things you need to know for Sports Christmas!
54.6K3 -
1:58:10
Robert Gouveia
1 day agoMatt Gaetz REJECTS Report, Sues Committee; Luigi Fan Club Arrives; Biden Commutes; Festivus Waste
280K223 -
1:31:40
Adam Does Movies
1 day ago $15.47 earnedThe Best & Worst Christmas Movies! - LIVE!
106K8 -
58:10
Kimberly Guilfoyle
1 day agoAmerica is Back & The Future is Bright: A Year in Review | Ep. 183
195K70 -
3:03:27
vivafrei
1 day agoEp. 242: Barnes is BACK AGAIN! Trump, Fani, J6, RFK, Chip Roy, USS Liberty AND MORE! Viva & Barnes
268K255 -
2:05:48
2 MIKES LIVE
9 hours agoTHE MIKE SCHWARTZ SHOW with DR. MICHAEL J SCHWARTZ 12-24-2024
39.7K5