I find this funny as a crypto enthusiast because crypto can actually do this as well.
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.
In June, Mr. Trump floated the idea of replacing federal revenue from income taxes with money received from tariffs. Mr. Trump has not provided specific details of how that would work, and it is unclear if he wants to eliminate all federal taxes, including corporate income taxes and payroll taxes, or only end the individual income tax.
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.
In June, Mr. Trump floated the idea of replacing federal revenue from income taxes with money received from tariffs. Mr. Trump has not provided specific details of how that would work, and it is unclear if he wants to eliminate all federal taxes, including corporate income taxes and payroll taxes, or only end the individual income tax.
