Well, kinda. But also a ton of business to business trade is fucked right now. Automotive manufacturing can shift back and forth across the US/Canada border half a dozen times as pieces are machined and fitted and assembled.
There’s a reason we ditched tariffs for taxes in the 1940s. Tariffs create economic friction at every border crossing. Income/business taxes only capture profits at the end of the accounting period.
Ahh the tariffs make so much sense now, moving corporate taxes to the plebs.
yhea, obvious since the beginning. replacing progressive corporate taxes for a flat tax as a fuck you to people.
Well, kinda. But also a ton of business to business trade is fucked right now. Automotive manufacturing can shift back and forth across the US/Canada border half a dozen times as pieces are machined and fitted and assembled.
There’s a reason we ditched tariffs for taxes in the 1940s. Tariffs create economic friction at every border crossing. Income/business taxes only capture profits at the end of the accounting period.