Global Feed Post Login
Replying to Avatar MattA

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 🤔

Avatar
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.

Reply to this note

Please Login to reply.

Discussion

No replies yet.