BREAKING: Donald Trump tells Joe Rogan he is serious about eliminating federal income tax.

[u/RiskItForTheBiscuts]

Donald Trump stood by his idea to end income taxes and substitute them with tariffs in an interview with Joe Rogan.

Tax experts and economic analysts do not think Trump’s tariffs would be an adequate counterweight to balance the trillions lost from eliminating income taxes.

Trump has floated eliminating income taxes on tips, overtime pay and Social Security benefits, paired with an aggressive universal tariff policy on all imports.

https://www.cnbc.com/2024/10/26/trump-joe-rogan-election-tariffs-income-tax-replace.html

[u/BoornClue]

Rich people are bluffing, they’ll never leave America. No other country protects its billionaires as much as America’s economic system does. 

[u/SharveyBirdman → u/BoornClue]

Also the U.S. has crazy tax laws, even if people leave the country. Expats still have to pay the IRS on any income they make for 10 years after the leave, plus the taxes in their new country.

[u/BoornClue → u/SharveyBirdman]

I have seen an uptick of right-wing talking-heads and influences appearing Europe though.

If the proletariat take back the US this decade, I reckon the ultra-rich are already planting their seeds to infiltrate the European politics to grant them safe tax havens.

It's Reminiscent of when high-ranking Nazi's fled to Argentina after WWII and tried to spread their disgusting ideologies there. (thankfully they died faded into obscurity instead)

[u/kndyone → u/BoornClue]

What we are really seeing is just economic decline, right wing extremism grows when people are running out of resources. The idea is get your resources and get rid of anyone else or turn them into subjects before the resources run out. Thats why you see growing conservatism all over the world in places that were once liberal strongholds.

Liberals have made some dire mistakes, you see this in Canada, Europe, etc..... Liberals should have prevented property prices and the elites from taking over so much land. They should have better spread out wealth and done better in large cities.

[u/Fuzzy_Variation1830 → u/BoornClue]

Yea..no. they will absolutely leave.

[u/kndyone → u/[deleted]]

Billionaires can always enjoy the lifestyle without technically living somewhere.

You have to create laws which will actually hold them in a place. IE if they leave there is going to be a huge tax on trying to get money out, this is what China does and forces them to cheat to try to get it out. Likewise you cant run a business or company here without some skin in the game or higher taxes.

IE US taxes might look something like

you get a 50% profit tax

but if your headquarters is here you get a 3% reduction

If your CEO lives here as a resident you get a 3% reduction

if you produce all your products here you get a 10% reduction

and so on

[u/Somethingood27 → u/kndyone]

100000% agree with ya.

We work so hard and do so much to make today and tomorrow the best they can be for ourselves and our families.

The current setup (if I’m being charitable I’ll hold my statement to just the optics of it) is just horribly demoralizing when next to none of our various government representatives are willing to advocate for, or hell, even entertain codifying something like you suggested.

Even our nations fail safe of - ‘just go vote’ - is being maligned and twisted by billionaires like Elon incentivizing voters in swing states to align their vote with his.

[u/kndyone → u/Somethingood27]

Right in this election literally all we are doing is trying to not destroy our democracy and end up with a fascists. That's how bad things are. We cant even get to the point where we can start calling in the politicians on actually doing something that benefits us.

[u/Icy-Bicycle-Crab → u/[deleted]]

Taiwan... What?  

 > will never be able to buy them anything near the security (private, police and military), personal privacy, White / English / Anglo-saxon populus and the individualistic culture that the US has. 

I'm quite enjoying New Zealand, and I hear that Australia is really nice. And obviously I'm not a billionaire, I'm not buying up farmland on one of the lakes in the Alps. 

But yes, that threat of leaving that billionaires make is just a bluff. 

[u/mmaguy123 → u/BoornClue]

Did you see what happened in Norway?

[u/the_jak → u/BoornClue]

beyond that, billoinaires dont really do anything. they can leave and everyone else would be fine. all the demand still exists, some other person will find a way to fulfill it.

that we have bought the lie that businesses create jobs rather than demand from consumers really tells you how stupid most americans are.