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The problem with Trump’s idea to replace income taxes with tariffs
Jun 15, 2024
Former President Trump's proposal to replace income taxes with tariffs is scrutinized for its economic feasibility. The harmful effects of chemical hair relaxers on Black women are highlighted. Apple's entry into the AI field, Hollywood studios buying theaters, decaf coffee's rising popularity, and annoyances of public speakerphone use are discussed in a lively round of topics.
22:17
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Quick takeaways
- Trump's proposal to replace income tax with tariffs is economically unsound and challenges the need for fact-checking.
- Alex Jones' assets liquidation highlights the consequences of spreading disinformation and raises uncertainty about misinformation platforms.
Deep dives
GOP Meeting with Trump and Tariff Policy Proposal
Former President Trump's meeting with the House GOP raised concerns as he proposed an all-tariff policy to eliminate income tax, an economically unsound idea. Trump suggested a tariff that would need to be nearly 60% to replace income tax revenue. This proposal highlights the challenges of economic illiteracy and the need for fact-checking against such policies.
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