Birdwatch Note Rating
2025-01-28 17:24:55 UTC - HELPFUL
Rated by Participant: FFB7BBB282FD97DF7200B9CE4311B07FC8EBF095A81EE19CCBC7CCC18220D1A6
Participant Details
Original Note:
The US income tax system is progressive. https://taxfoundation.org/taxedu/glossary/progressive-tax/#:~:text=How%20Progressive%20Is%20the%20U.S.,percent%20of%20all%20income%20taxes. Tariffs are paid by the receiving company and country. https://www.adamsmith.org/blog/who-pays-tariffs Tariffs therefore disproportionately hit the poor, low income and pensioners. https://www.afhwm.co.uk/news/why-do-most-economists-think-tariffs-are-a-bad-idea/#:~:text=Another%20reason%20why%20most%20economists,price%20of%20basic%20consumer%20items. Moving from income tax to tariffs benefits the wealthy and hurts those with low income. https://www.project-syndicate.org/commentary/trump-tariffs-would-tax-the-middle-class-benefit-the-richest-by-simon-johnson-2024-10
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