No one buying or selling much to make sales taxes.

Who is going to fund the US govt?

U Michigan Econ professor said the same thing last week.

High tariffs = high retail prices = no buyers = no sales = no revenue to government = no tax cut.

And I only had a couple of econ undergrad classes.

I would think everyone can figure it out.

Except the Prof is wrong on one point.
No matter how bad the economy is Trump will give tax cuts to the rich.

That was a Bush era bumper sticker. Let's recycle it!

They could, however, easily cut income taxes on everyone making less than $60,000 because that group pays less than 3% of total income taxes. That group is a bit over 50% of population.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

Another "bright idea" from the very stable genius. No more "income tax." This criminal motherfucker is insane! Let's think this through: no income tax for people earning less than $200,000 and "massive tax cuts" for millionaires and billionaires. I wonder what is going to happen to Wall Street this coming week when brokerage houses and investors and hedge funds reflect on this economic insanity?

It's a longstanding dream of the parasite oligarch class to get rid of the income tax and replace it with a consumption tax. Because they know they can't pass the highly regressive flat tax, they want to enact highly regressive tariffs. Reducing the income tax on lower earners is just another step in destroying the IRS. Any tax cut for lower earners will not cover the costs to them of the tariffs.

I hate these people.

1. Tariffs won't replace the lost revenue;

2. The Deficit is more than $36 trillion; and

3. The proposed tax cuts won't even touch the Deficit (see #2).

he managed to file for bankruptcy 6 times.

He promised his MAGA idiots a middle class tax cut in his first term.