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The problem is that you massively distort the economy, making it less efficient aka poorer. And that's even before considering the fact that other countries wil
by tempestn 1y ago
The problem is that you massively distort the economy, making it less efficient aka poorer. And that's even before considering the fact that other countries will retaliate.
- Whoppertime 1y agoWasn't the income tax introduced as a temporary measure in WW1, and prior to that the majority of state income was generated via tariffs? Shifting the burden can certainly cause distortions, but we already caused those distortions getting into this situation in the first place.
- tempestn 1y agoTariffs were done in the past because they were easier, but I think they distort less than an income tax. You're literally favoring domestic producers, right?