Tuesday, September 18, 2018

A Tax On The Buyer

Like everything else with Trump, even if you have a sense that his instincts might, sort of, possibly, maybe (but probably not), be not be entirely wrong, you know that he has no idea what he's talking about so getting it right is about as likely as me being appointed Attorney General. One could spend all day doing "haha Trump is dumb" posts but this is something you know they have explained to him 700 times and he still doesn't get it.

At the White House, Trump wrongly said that “China is now paying us billions of dollars in tariffs” and he celebrated the Treasury Department collecting “tremendous amounts of money, which is great for our country.”

In fact, tariffs are taxes that are paid by Americans who import goods from abroad. Through the end of August, the administration had collected nearly $22 billion in revenue because of its new tariffs, according to the nonpartisan Tax Foundation.

It isn't that he's stupid, it's that he has brain worms, and he's going back in time. As happens.