While Musk is trying to get AfD elected in Germany, Trump is now threatening to put tariffs on all of Europe.

They really do not get how much hurt Europe could cause for them. Tesla, Amazon, Facebook — they are all here!

EU politicians should begin talking about the wonders of putting levies on their energy use, and how we support better working conditions and increased wages.

When Elon, Bezos, and Zuck support a fool, who wants to hurt European economy, remind them it is a two-way street!

@randahl

If we are cutting income tax and offsetting that with tarrifs I am all for it. Taxes need to be levied somewhere and any taxes we can move off income tax and apply more towards taxing expenses the better.

That said I doubt Trump will execute things well, he rarely does.

@freemo I remember his last trade war. We put a considerable tariff on Harley Davidson motorbikes, etc.

I do not recall them winning anything.

@randahl You mean a European tariff on USA goods? Yea I expect that to be the case. We tax incoming foreign goods, they tax from us. Import/export tax is pretty common to go both ways. Just another way to collect money and superior to income tax IMO.

@randahl

Sure, thats not a bad thing. With income tax I have to pay tax for the money I make, but that money gets re-taxed on the way out too, in other words, all tax tends to work in both directions, its a feature not a flaw. The important part is that we distribute the taxes across behaviors we want to discourage. No one should be discouraged from earning a lot of money (income tax), but generally we want to discourage spending (sales tax and tarrifs), ideally in a way that puts more tax burden on luxury items.

So anything we can do to move taxes from an income tax to a tarrif/import tax/sales tax is a good thing. The fact that it works both ways is normal and expected and shouldnt discourage that.

@freemo @randahl

I would imagine we would agree that one of the ultimate goals if not THE ultimate goal of human life is happiness. That generally comes from living in a society where wealth is equitably distributed not one where the gap between rich and poor is monstrous. The happiest populations in the world are normally adjuged to be in countries where tax rates are amogst the highest in the world and are slanted very much towards enforcing income equality not letting the extremely get richer! The put it bluntly we need cleaners, refuse collecters, nurses, teachers, refuse collectors and others who do relatively menial tasks very much more than we need the entirely parasitic Elon Musks and the Jeff Bezos's of this world. I would therefore tax people with such obscene wealth at 99% once they reached a level of wealth that would leave them comfortably off for the rest of their lives!

@Paulos_the_fog

I disagree with your premise that wealth disparity is contrary to the happiness of a society.

Rule number one of economics is that wealth is not a zero sum game. Others having more does not mean you must have less. The existence of ultra rich in no way implies more poor people or that poor people suffer more, in fact quite the opposite, rich people produce the most wealth which, in a healthy economy (read a fair market) it benefits everyone.

@randahl

@freemo @Paulos_the_fog @randahl No, rich people produce very little, they just skim off what others produce. If someone accumulates wealth then either the wealth is real and they indeed reduce what is available to others, or the wealth is just fictional, in which case it should not have the effect it does.

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@toriver

Simply saying a thing doesnt make it true. We have decades of economic theory and models that say otherwise.

@Paulos_the_fog @randahl

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