Post #43186 by tecmo on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (13)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

Of course, this tariff revenue will predominantly be taken from low income and middle class families, who are already struggling to make ends meet.
This seems to get absolutely no air time. The tariffs are a highly regressive tax. It is a new tax, and it is on the poor and middle class. This needs to be made very clear.

Tariffs are a substitute for a federal sales tax (a tax on imported goods). Regressive for sure, but almost all consumption taxes are and they are very common elsewhere in the world.

tecmo
...

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (13)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.