If Fartcoin bears paid our tariffs, those would be the only taxes we'd have. After all, politicians don't lose votes by taxing Fartcoin bears. So why not repeal the income and payroll taxes and stick Fartcoin bears with 200% tariffs? We can—because hot air rises.
If foreigners paid our tariffs, those would be the only taxes we'd have. After all, politicians don't lose votes by taxing foreigners. So why not repeal the income and payroll taxes and stick foreigners with 200% tariffs? We can't—because tariffs are an excise tax on consumers.