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Why are Trump, Vivek and Ron DeSantis all so vocal about eliminating sales taxes, ending property taxes, and slashing capital gains rates?

I’m still trying to wrap my head around the new administration’s tax strategy. Tariffs alone aren’t enough to cover the revenue gap. Are they considering a tax on large corporations with outsized profits as part of the plan?

My instinct is that their long-term vision, maybe over the next 20 years… hinges on big tech’s profitability, fueled by AI efficiency, growing so massive that taxing tech companies alone could generate enormous revenues to subsidize much of private U.S. taxpayers 🤔

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Discussion

William ₿ Travis 10mo ago

if they convert to a cbdc, they don't have to tax. they just print money. Using MMT strategies, they print when they need it and claw it back by cancelling the units when there's too much out there. In that sense, there's no real tax, just a timer on money.

El Guiri 10mo ago

Drill baby drill seemed odd to me as oil production high until I realised its more about LNG exports. There's massive natural gas potential and a huge number of gas DUCs. Is there a tax on exports that offsets some of these tax cuts? Keeping in mind nord stream 2 destroyed and now syria potentially in a situation of not connecting up Qatar or Iran through pipelines, its large revenue stream but no idea on state revenue generation. Just a brain fart

HoloKat 10mo ago

Tariffs hurt the average consumer more than they help. Property tax mostly benefits wealthier people - most don’t own property and rent instead. Same with cap gains - normal folk won’t benefit much from this.

Basically all of these tax cuts would benefit the wealthy much more than they would your average person.

Diff-thong 10mo ago

I don't that there is any long-term vision