Trump's proposed tax and trade policies echo 19th-century practices, forsaking progressive income taxes for regressive tariffs that could exacerbate inequality, reminiscent of the first Gilded Age.
The slogan 'We Won't Go Back' resonates not only with social issues but also critiques Trump's economic nationalism, which threatens to reverse progressive tax advances of the past century.
Trump's taxation and trade strategies, including a blanket 20% import tariff and hefty duties on China, signal a desire to return to regressive economic rules from a bygone era.
Highlighting his admiration for McKinley's protectionist tariffs, Trump overlooks historical lessons about tariffs leading to economic disparity, urging an understanding of why progressive taxes emerged.
Collection
[
|
...
]