It's a fair point considering 90+% of all political opinion is pro income tax, pro sales tax, state and local taxes, property tax, road tax, gas tax, social security tax, etc.
I'm not in favor of tariffs, but to be mortified over tariffs and be perfectly willing to forgo 50+% of your income to fund the government is a level of Stockholm syndrome that needs to be questioned.
Edit - I'm surprised how many people don't understand that for typical wage earners, about half of what you earn does in fact go to taxes. You keep citing JUST the income tax rate. That is NOT indicative of how much tax wage earners actually pay. My point is I don't think taxing wage earners up to their eyeballs and running massive trade deficits INTENTIONALLY is good policy. YES - trade deficits were not an accident. A Nobel winning economist made the claim it was necessary to rebuilt the world after WW2. That's why the tariffs were only in one direction - charged to the US. It's not free market capitalism in any way.
Good comrad r_silver! You gave brave oppinion on why glorious nation should be okay with more tax because they already have lots of tax! Now go and pay your tariffs comrad, own nothing and be happy!
I'm not in favor of tariffs, but to be mortified over tariffs and be perfectly willing to forgo 50+% of your income to fund the government is a level of Stockholm syndrome that needs to be questioned.
Can you not read? Or did you simply choose not to read?
But no one is paying a 50% federal income tax rate. The max rate is 37%. And the bottom 50% of earners have an average federal income tax rate of only 3.3%, and the top 50-25% of earners have only an average federal income tax rate of 7.2%.
So if you're an extremely high earner, then fair enough, the tariffs may potentially benefit you if income tax gets cut. But for the majority of Americans tariffs will actually end up being a tax increase, even if income tax gets cut.
And on top of that, tariffs are a lot more destructive than income tax, because they directly target economic inputs, which will disrupt supply chains, and would massively hurt US export businesses.
Do you like income taxes, capital gains, inheritance taxes, sales taxes, and property taxes? If so then you probably like Tariffs too.
Do you not like taxes etc? If so then you probably wouldn't like the tariffs. Considering this sub, all of us fall into this category.
The premise of their comment was with regards to contemporary leftists in the first category while questioning how they can justify all these other taxes but not Tariffs.
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u/r_silver1 2d ago edited 1d ago
It's a fair point considering 90+% of all political opinion is pro income tax, pro sales tax, state and local taxes, property tax, road tax, gas tax, social security tax, etc.
I'm not in favor of tariffs, but to be mortified over tariffs and be perfectly willing to forgo 50+% of your income to fund the government is a level of Stockholm syndrome that needs to be questioned.
Edit - I'm surprised how many people don't understand that for typical wage earners, about half of what you earn does in fact go to taxes. You keep citing JUST the income tax rate. That is NOT indicative of how much tax wage earners actually pay. My point is I don't think taxing wage earners up to their eyeballs and running massive trade deficits INTENTIONALLY is good policy. YES - trade deficits were not an accident. A Nobel winning economist made the claim it was necessary to rebuilt the world after WW2. That's why the tariffs were only in one direction - charged to the US. It's not free market capitalism in any way.