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It would only make sense if consumption of tariff-imposed goods would keep steady to make up for the loss of income taxes, with consumer confidence cratering th
by piva00 2y ago
It would only make sense if consumption of tariff-imposed goods would keep steady to make up for the loss of income taxes, with consumer confidence cratering there's no way consumption keeps steady. On top of that you have inflation which will cause the Fed to raise interest rates, further lowering credit offering for consumption, bond yields raising which costs more of the budget for interest payment, requiring more taxes, it's a stupid plan all around...