• finitebanjo@lemmy.world
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    10 hours ago

    To be clear, the TCJA adds 4.5 Trillion in deficit. The Trump admin promises but has utterly failed to come close to cutting 2 Trillion in deficit by dismantling government systems and services.

    Unless they magically conjure 2.5 Trillion dollars from thin air without borrowing a single dollar from the Treasury, the budget will never be balanced. That is the plan.

  • 467265654C75696769@sh.itjust.works
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    10 hours ago

    Right after he drops the major greatest and bestest healthcare plan called “Obamacare Replacement”, everyone is saying the healthcare plan is the universally humongous and very very super nice.

  • Omega@lemmy.world
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    24 hours ago

    So, everyone earning less than 150k will have no taxes and everyone earning more than 150k will have no taxes. Who the fuck will be paying taxes?

  • NotLemming@lemm.ee
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    22 hours ago

    No taxes but an egg is $100 and a loaf of bread is $1000. All hail magnificent leader but how many wheelbarrows full of money do I need to pay for my weekly groceries? Or is he making a new orange $1000 bill with his face on it?

  • Etterra
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    20 hours ago

    That idiot can barely balance his own body while standing still.

    • nova_ad_vitum@lemmy.ca
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      13 hours ago

      Import tariffs cannot possibly replace income tax. It’s not even vaguely possible. A 25% import tariff on literally everything would mean that Americans would have to import (AFTER the reduction in demand for imported products caused by tariffs) 4 times the amount the US government takes in income taxes. The US government gets on the order of 4 Trillion dollars in income tax. So Americans would have to import 16T total DESPITE the tariffs to make this up.

      There is simply no world in which this works.

      Plus the goal of using tariffs to eliminate the income tax is directly counter to the goal of reducing trade deficits and bringing back manufacturing, since to keep the income tax eliminated you need US consumers to continue importing and paying the fucking tariffs.

      So not only does the math not math, if the tariffs succeeded at one of their stated goals they would necessarily fail at the other.

      • starman2112@sh.itjust.works
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        10 hours ago

        Okay, but what if the tariffs were higher? Say, 200%? Then we would only have to import half our entire government budget worth of goods!

  • adarza@lemmy.ca
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    23 hours ago

    is that mythical balanced budget gonna happen before or after you steal more from future generations by piling trillions onto the national debt to give handouts to the rich… ?

  • Hikuro-93@lemmy.ca
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    24 hours ago

    Did not see this one coming, for sure. /s

    Bet the ultrarich tax breaks are marked with a bright red “Priority No. 1” though, right? 🥸

    • TheFogan@programming.dev
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      24 hours ago

      Well yeah, that’s the order of strategies…

      Step 1: Tax cuts for the rich.

      Step 2: Declare and win wars with… Canada, Greenland, Mexico, Panema, China, Palestine, Ukrane.

      step 3: Attempt to completely eliminate the national debt. by cutting all services and regulations.

      I’m sure another dozen steps… but trust me, those of us making under 150k are on the list.