Pyro as Bill said:
Million and billion dollar companies are paying higher taxes/tariffs just like everyone says they should. People are only mad cos they're likely going to pass those costs on like they do for every other tax. |
No, millions and billions of dollars are going to be paid by the consumer. Or do you have this belief that the companies are just going to absorb the cost of those tariffs. Not exactly sure where you are going with this line of thinking. So exactly how will that help the US. So, with prices going up globally because Trump decided to levy tariffs everywhere, now all spending in the US will be lowered significantly.
That means most business will not be able to support their staff If products do not sell, companies will need to reduce the work force or go under. If the workforce is reduced than there will be many people without a job and thus not buying anything. If people are not buying those products then the return from the tariffs is much smaller all the while you are building a huge out of work source of consumers.
Now you can say this would be a great time for billionaires to take advantage of the chaos. They can purchase a few business for pennies on the dollar or they can purchase huge chunks of stocks within other companies etc. There is nothing here that is a tax on corporations but instead an incentive for the rick to become richer while the country burns for a period of time but who cares about those wage earners.
Essay Pro