Replace Income Tax with Tariffs?

[Dill]

(06-20-2024, 08:51 PM)michaelsean Wrote: Well just skimming quickly, it seems we would have a shortfall because people would stop buying those products in many instances.

That doesn't sound like a "shortfall." The goods would be available.

But you raise another issue--if people buy less, especially the tariffed goods, 
then the Trump proposal would not be able to make up the loss in tax revenue. 

So deficit spending would have to jump to meet the shortfall, or Congress would have 
to consider cuts in government spending. Perhaps MASSIVE cuts. 

That would be an interesting experiment.