Explain It to Me cover image

SCOTUS, DBCFT, and Hitler's Highways

Explain It to Me

00:00

Is This Really a Good Idea?

I think that the clearest way to think about the impact of this is to just say that they have eliminated the corporate income tax and they've created a new consumption tax on American consumers. Even the people who will be paying this tax are people who buy things in America but do not have labor income in America so that is a mishmash of like very poor people you know jobless people of various kinds. It's going to be dead if you are a senior citizen with non-social security income because you're relatively affluent and have been putting money away in the stock marketThis tax is falling on you because you're buying things and you're not working I don't think it's gonna

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