The income tax is a wholly negative force in everyone’s life.
First of all, consumption taxes are more virtuous than income taxes. It means government revenue prospers only when citizens prosper. As my friend pointed out, with no income tax, the virtuous kid can work, save, and start a business, by denying himself treats. Again, simple illustration. Trust me, I could write a 40 page policy paper with 40 pages of citations, that you would have to pay yourself to read, but this is its precis:
When Trump instituted tariffs on aluminum, the largest aluminum producer in the U.S. restarted idle production lines. These are good jobs, family supporting jobs. Jobs with multipliers across every community in the region.
At the same time, an aluminum plant in Quebec, which was selling subsidized aluminum into the American market, closed. Quebec was cheating. We cheat with our deals by subsidizing our industries. We cheat with softwood. We cheat with anything we can. As does Europe, as does India. It is the opposite of virtue. If Canada and Europe had not shut down their industries over ‘climate change’, they would not need to cheat to sell their product. They would be able to use it that aluminum for example and create jobs that would mean most of the democratic west would not be desperately broke.
Tariffs on American goods is how every other country makes up for its poor decisions as was made clear when the US Trade deficit surged to a record ahead of Trump’s decisions. They were getting in while the getting was good. The U.S. imposing reciprocal tariffs meant their gravy train was about to end.
Imposing tariffs on foreign goods means a $700 billion add to the U.S. budget. It ushers in an entirely virtuous cycle. It brings back badly needed manufacturing to the U.S. It means workers with good pay, jobs which have a multiplier of 3-5 throughout the economy. It means more demand for American resources; the average mining job has a multiplier of 7 jobs. These are not influencer jobs or McJobs or jobs in moving money around, they are real jobs where people can build families and a future. Cut a trillion off the bloated destructive evil of the administrative state through DOGE and firing 1/3 of federal and state workers, $700 billion in tariffs, and lo and behold you have a functioning economy. Your deficit has been eliminated. You are no longer Big Daddy for failures across the planet. Countries like Canada and all of the E.U. and Britain are forced to grow up and develop.
The rest? Funded by a consumption tax.
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