this post was submitted on 02 Feb 2025
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[–] [email protected] 94 points 18 hours ago* (last edited 17 hours ago) (6 children)

Saw a policy expert say it's a mixture of 3 things really:

  1. Trump likes to blame outsiders for problems and this is well received by his loyal base and gives off strongman vibes
  2. long term plan to switch from income tax (scales the more you earn) to consumption taxes (the poorer you are the more you pay for for consumption, relatively speaking) which benefits the rich at the expense of the poor. this wealth transfer is easier to sell when the populace is focused on outsiders
  3. Trump doesn't understand basic economics

source: https://youtu.be/2I1L1fXaYDs

[–] [email protected] 1 points 1 hour ago

Oh god why would you ever switch from income tax to consumption tax when you have fuck all social safety nets and so many people living paycheck to paycheck. Its actually so evil. I hope he gets beheaded.

[–] [email protected] 6 points 8 hours ago (1 children)

Lol on the switch from income tax. I haven't heard a peep about that since before the election. Everything is just going to cost more now and I'm still going to be paying income taxes.

[–] [email protected] 3 points 3 hours ago

p 698 of project 2025 document:

The federal income tax system heavily taxes capital and corporate income and discourages work, savings, and investment. The public finance literature is clear that a consumption tax would minimize government’s distortion of private economic decisions and thus be the least economically harmful way to raise federal tax revenues.

more riches to capital and corporations, consumers will pay for it. it's all in there

[–] [email protected] 17 points 14 hours ago

They absolutely want to implement a national sales tax. They've been talking about it for a very long time and now they have the power to do it. And it's very much a "fuck the poor" policy.

[–] [email protected] 16 points 16 hours ago* (last edited 16 hours ago)

Tarrifs get paid to the Treasury, the Treasury is getting controlled by Musk and Trump, they can take whatever they want from those funds. Whos going to stop them? The Supreme Court takes bribes which can come from the same pot.

He just needs to keep a bit of support until all angles are secured. So he just spreads lies and blames everything on people here illegally to keep people pitted against each other. The largest source of illegals in this country is from overstaying Visas, the thing they are expanding to higher numbers.... Aka more people to keep blaming shit on while putting on a show of deporting the ones that are already here.

Honestly doesn't look like they'll need much time to accomplish it.

[–] [email protected] 17 points 17 hours ago (1 children)

Or they are just thinking of a quick cash grab ... gut the system and get as much wealth out of everything and everyone as fast and as much as possible ... let it all crash then abandon everything with all their money and let someone else fix everything.

[–] [email protected] 13 points 16 hours ago

I think in that scenario it's more likely that they would "buy the dip" then that they would up and leave. Some of the billionaires also want to found their own techno-fashist fiefdoms. This could be a good catalyst for that.

[–] [email protected] 8 points 17 hours ago (2 children)

Won't someone think of the ultra wealthy?

I swear he wants to bring aristocracy to the US

[–] [email protected] 3 points 9 hours ago

Did you hear his inauguration speech? Where he lamented the poor downtrodden billionaires who were now homeless because of the fires in LA?

[–] [email protected] 12 points 17 hours ago

I swear he wants to bring aristocracy to the US

He wants to further entrench the oligarchy, I think. And it seems to be working.