Peter Navarro is an economist who currently serves as a trade advisor to Trump. In Trump’s first term, Navarro was also an aide on trade issues. When the January 6 commission asked him to testify, he refused. He was eventually sentenced to four months in prison for contempt of Congress.
Navarro claimed in an event sponsored by Politico that Trump’s plans to create an External Revenue Service to collect tariffs were brilliant. He predicted that tariffs would produce so much money for the government that they could eventually replace income taxes as the primary source of revenue.
Currently, Politico points out, tariffs are collected by the U.S. Customs and Border Protection Bureau. But the tariffs are paid not by the country selling the goods, but by the company importing them. Most economists predict that the price increases will be passed on to consumers, which is another way of “taxing” them.
In other words, tariffs increase inflation.
Diane Ravitch's blog 
This is another tax proposal that would disproportionately impact the poor and working class whose every day items are largely imported. It is largely regressive tax proposal, as nutty as Herman Cain’s 999 tax plan. As the article states, it would unlikely not be adequate enough to replace a federal income tax.
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Any cure for stupidity?
Sadly it seems from History only a large does of that most bitter of medicines …..Ruination.
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Even if tariffs were paid by the sending country, which of course they’re not, tariffs would STILL raise prices, because whatever group pays the tariffs, passes through se costs onto consumers. Basic Econ 102 and yet so many people either don’t understand or refuse to accept it
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Of course, Trump can’t grasp basic economics and as part of that, he ‘s wrong about how tariffs work and wrong about taxes too. Navarro may be equally stupid, or he may just be dancing to please his master.
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Some years ago, during the first Trump “administration”, I dubbed Navarro “The Wrongest Person in the World”. Nothing has changed that assessment in the least.
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Thank you, Stewart.
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#TodaysAcronym ☞ #NUTPOD
🥥 🥥 🥥
Never Underestimate The Power Of Denial
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Even if there was a vaccine for stupid, FELON47’s regime would tell their supporting MAGA cult not to be vaccinated and most of them would comply without question.
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No, it’s like me having rheumatoid arthritis. It ain’t going away. Too bad the stupid don’t suffer like I do. I used to say I wouldn’t wish my pain onto anyone. If it would alleviate my pain, I’d gladly give it to a CONVICTED EFFIN FELON cultista.
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This is off topic. About join pain. Not about STUPID.
Back in my 50s, about thirty years ago, I thought I wouldn’t be able to go on any more treks into the mountains (any wilderness would do, not just mountain’s but they were our favorite) with my hiking buddies because of crippling bone spurs in both big toe joints, and knee and hip pain. Going downhill was way worse than up.
Then, as luck would have it, I found out about a product for my joints and gave it a try and that helped a lot. I was hiking again with my buddies without minor or no pain for the next couple of decades.
This stuff had vegetarian glucosamine and bioavailable Curcumin in it.
That worked for a couple of decades and then the pain started to return.
Then, as luck would have it, again, in a conversation with a teacher who was in the English department at the high school where I worked (she’s retired too), she mentioned Tart Cherry Extract.
It worked. I tried one I found on Amazon from a company called ZAZZEE Naturals. Tart Cherry 10:1 Extract
But before that conversation, I saw a specialist at the VA who recommended shoes the VA paid for called G-DEFY.
Because of the bone spurs in both big toe joints, I can’t walk from my bedroom to the kitchen without wearing those shoes. The pain is so intense, I’d need a wheelchair to get around.
Still, as long as I wear those shoes, take both the products I’m using for the hip and joint, the pain is minimum at its worst. I don’t take any pain medications over the counter or prescribed.
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Lloyd,
About a decade ago, I had a bone spur in one toe. The pain was excruciating. I had surgery to remove the bone spur. No more pain. I recommend it.
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where is TE to comment on this?
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For many decades now, “leaders” on both sides of the aisle, but especially on the red side, have railed against protectionism as destructive of market efficiency. And their big dollar donors have paid them handsomely to do this. And now they find themselves having to say just how splendid the emperor’s invisible clothes are. This is serious business. Othwise, it would be hilarious.
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Republicans have been believing in the wildest conspiracy theories for years, so it only makes sense that would believe whatever they’ve been told about tariffs.
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David, could you give me a single line about your friend Keith Barber. Is he an economist? I’m going to post the piece you sent me.
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Thank you.
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The US is the only country in the world where its population owns more firearms than people.
This isn’t going to end well if the courts can’t stop Project 2025 from moving forward.
Our cities may turn into urban battlefields.
And rural American where MAGA holds sway with all of that insane hate based on alternative facts, lies, driving them against anyone that doesn’t think or look like them, might turn into a dystopian wasteland worse than MAD MAX.
The billionaires will live inside underground fortresses protected by their private armies.
It won’t be safe outside. The sky will be dominated by armed drones looking for moving targets
There will be no laws. Survival will be a crap shoot.
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Farmers in the Midwest sell their crops to USAID–$2 billion each year. How will they replace those sales. Their grain saves lives in other places.
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