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re: Trump said he's prepared to raise tariffs as trade war with China heats up

Posted on 7/20/18 at 2:19 pm to
Posted by GumboPot
Member since Mar 2009
119026 posts
Posted on 7/20/18 at 2:19 pm to
quote:

I disagree with this. A tariff is a tax, period. So are income taxes. So are sales taxes.

There is no difference other than a tariff is a specific, targeted tax. Same with your excise tax example. A tax is a tax is a tax, but this board doesn't like that word so we use the more palatable word "tariff".



But tariff describes the mechanism which is more akin to a consumption tax and consumption taxes seem to be more preferable, (e.g., Fair Tax).
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29224 posts
Posted on 7/20/18 at 2:22 pm to
quote:

But tariff describes the mechanism which is more akin to a consumption tax and consumption taxes seem to be more preferable, (e.g., Fair Tax).



You like that form of taxation better, fine by me. Doesn't change the fact that a tariff is a tax.
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