Illustration: Peter Schrank
@stevechapman.bsky.social
If the tariffs were supposed to replace income tax, why is Trump talking about negotiating zero tariffs with many countries while also gutting the IRS and now the DOJ tax division? Where will the revenue come from?
@stevechapman.bsky.social
It’s really simple. Either corporate profits went down which you’ll see in your 401(k) or merchandise costs more. Yesterday, paid $1.58 for fruit cocktail which cost $1.26 in April. Coffee $5.29 vs $4.26. It adds up to hundreds, ultimately thousands