'cause rich people don't buy stuff in proportion to their incomes. In spite of "yachts and lambos" caché, they just don't. And tariffs only work when people buy not only stuff, but also the right stuff.
Yeah. I mean the ratio is likely much different than when I tended bar in the Pleistocene era, but back then credit cards were the only thing you'd report. Cash was right into the pocket.
This is still true but having bartended for the last decade till a year ago it has shifted to probably 85% cc tips. Even the last "dive bar" I worked at was at least 70% cc tips, with other industry people making up most of the cash tips
Classic republican move: you get $100, I get $1,000,000, and then we'll all complain about how spending on food stamps and the environment is exploding the deficit.
"Note: This analysis assumes producers, not consumers, pay the tariff, following U.S. Department of the Treasury Office of Tax Analysis methodology. If consumers paid the tariff, the effects would be even more regressive."
There is no way producers aren't passing the tariff through.
Meanwhile, some States are seriously trying to abolish the Property Tax... which means non-owners will see THEIR taxes go up to subsidize the (imaginary) "equity" of others.
We've gone beyond "IGMFY" to "IGM, FY, and YOU PAY FOR ME".
