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RE: LeoThread 2025-01-15 13:38

in LeoFinance9 months ago

Part 3/9:

The motivation behind this plan stems from Trump's assertion that the current taxation system unfairly burdens Americans while foreign entities and countries benefit from lenient trade agreements. He underscores that, historically, the U.S. was among the few nations that could not tax its citizens until the introduction of the 16th Amendment, advocating for a return to tariffs as a primary revenue source for the government. According to Trump, shifting to a system that levies tariffs on foreign trade will ensure that other nations contribute their fair share to the American economy.

Criticism of Current Tax Practices