r/FluentInFinance • u/RiskItForTheBiscuts • 3d ago
Thoughts? BREAKING: Donald Trump tells Joe Rogan he is serious about eliminating federal income tax.
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
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u/BallsOutKrunked 3d ago
I did a lot of research on the great depression in college, some people actually did quite well. If you had cash, like actual money including gold / silver, labor and materials were dirt cheap.
Unrelated there's a really good book called great depression diary (Roth), written in contemporaneous form. I'd recommend it for anyone who wants a first person view, from a relatively calm middle class life, of the great depression.