Trump's Insane Idea To Help The Rich And Hurt Everyone Else

 

If Trump is re-elected, he and his GOP cohorts have already told us they want to continue the tax cuts he got passed during his first term (over 80% of which went to the rich and super-rich). It won't help the working class at all, and will only have a tiny benefit for the middle class -- and it will add trillions more to the national debt. It's a very bad idea.

Now Trump has come up with an even worse idea. At his meeting with congressional Republicans, Trump floated the idea of doing away with the income tax completely and replacing it with a tariff on all goods entering the United States.

Before you celebrate the idea of no income tax, stop and think of what the tariff on everything would mean. It would mean higher prices of nearly everything you buy. And not just a little higher. To replace the billions received in income taxes, the tariffs would have to be very high - and that would make prices on goods much, much higher!

It would be disastrous for the poor. They are already struggling to get by, and raising prices much higher would mean they would struggle just to have a subsistence existence. Working class families would also be devastated. They are already barely keeping up with inflation. The higher tariffs would mean they'd fall behind, and many would drop into the poor class. Middle class workers would also suffer. All of these groups would pay much more in higher prices than they currently pay in income taxes.

Only one group would be helped. The rich would make out like bandits! They would be happy to pay the higher prices, because it would be much less that they have to pay in taxes - and they could easily afford the higher prices.

It's just one more crazy idea that shows Trump, and his GOP cohorts, only care about one small group - the rich (and especially the super-rich). They don't care about hurting ordinary Americans as long as they can serve the rich.