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Replace Income Tax with Tariffs?
#11
(06-21-2024, 04:18 PM)JustWinBaby Wrote: No, it depends on whether people choose to save their money or purchase close substitutes.

Tariffs are generally considered inflationary.  Whether that is a net positive or net negative to government revenues depends on multiplier effects, but to the extent inflation slows growth revenues would take a slight dip.  But the purchasing power of the consumer would take a huge hit.

No sure which statement the "no" refers to. All of them? The government would not have to meet an income shortfall through some other measure?

Seems to me growth revenues would take a quite a dip if, in addition to inflation, the government lost all revenue from personal income tax.

As to the bolded, I sense you might not favor replacing personal income tax with tariffs.  

Is there some "multiplier effect" which could might make it workable? 
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Messages In This Thread
Replace Income Tax with Tariffs? - Dill - 06-20-2024, 01:09 AM
RE: Replace Income Tax with Tariffs? - CJD - 06-20-2024, 11:38 AM
RE: Replace Income Tax with Tariffs? - Dill - 06-21-2024, 04:37 PM

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