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"One of the biggest benefits of a consumption-based tax system is that it is fundamentally equitable. Higher taxes on luxury goods would ensure the wealthy pay more in proportion to their consumption. Meanwhile, the average Joe would be equitably taxed on his Honda purchase…"

ORIGINAL CONTENT: https://www.undergroundusa.com/p/trumps-income-tax-replacement-thought

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Trump Illegally Collected Some $170 Billion In Tariffs

The US Supreme Court has struck down the Trump IEEMA tariffs on the grounds of unconstitutionality. SCOTUS has ruled that only Congress has the authority to set these types of tariffs. President Trump illegally collected some $170 billion in tariffs over the period in question. This money will have to be repaid and that creates a whole host of new challenges. This dysfunctional government continues to go from bad to worse. In reality, tariffs act as a consumption tax, as prices rise to cover the added impost of the tariff. The American people have been taxed by the Trump regime via these illegal and unconstitutional tariffs. My guess is that ordinary folk will not see a dime from this crooked administration.

https://www.youtube.com/watch?v=SwNWJrBN6wc

Tariffs Are Taxes America & Trump Imposed Them Upon You Illegally

MAGA must be some of the dumbest people on the planet to elect this grifter back into the White House. President Trump is and always has been in the billionaire’s corner. He has pretended to be a champion of the working class (LOL) but his policies sure don’t reflect that. The tariffs have been a means of threatening other nations and extracting stuff in return for not making them too onerous. The Trump family have personally profited from these trade strongarm tactics. Meanwhile, globally the Trump tariffs have poisoned international relationships with former friends and allies. Trump illegally collected some $170 billion in tariffs. Donald Trump has sunk American diplomacy to new lows internationally. Trump’s new friends are other despots and dictators. Just have a look at the makeup of his Gaza board of peace.

Billionaires Not Paying Their Fair Share Of Tax

Donald Trump is a card carrying member of the Epstein class. This shameful club for elites has been exploiting poor schmucks in the USA for decades. President Trump got elected on the back of Elon Musk funded million dollar voter bribes and lots of campaign donations from Big Tech. Big Tech had turned against the Democrats because they were starting to bring in regulation to the unregulated trillion dollar tech sector. Apple, Meta, Amazon, Google and Microsoft CEOs and owners have kissed the ring of America’s ‘would be’ king. What did the Trump regime immediately do upon getting elected to power? Bring in a bill that cut taxes for billionaires and corporations, whilst slashing the services for the poor and needy. The United States is a disgrace under Trump and the rest of the world knows it.

Americans Taxed By Trump’s Tariffs

“In calendar year 2025, customs duties raised $264 billion for the federal government, compared to $79 billion in calendar year 2024. Total customs duties revenues count new tariffs as well as pre-existing tariffs, such as those President Trump imposed in his first term. With the IEEPA tariffs being ruled illegal, the tariff revenue collected by the government will have to be refunded. The total revenue raised by tariffs will be less than the direct collections, because tariffs mechanically reduce the bases of income and payroll taxes. We estimate the government netted $36 billion from the new Section 232 tariffs in 2025.”

- (https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/) Trump Continues To Waste Time & Money Applying Tariffs Illegally

Trump illegally collected some $170 billion in tariffs via the IEEMA tariffs imposed upon Americans. In a fit of pique he has abused the SCOTUS justices that ruled against his unconstitutionally applied tariffs. President Trump never takes it on the chin but rather doubles down with further illegal stuff. He has now imposed a global 15% tariff via another highly questionable loophole. The bottom line is that only Congress has the right to impose tariffs and not the President through executive actions. President Trump is an incompetent leader and should be excused from his duties on these grounds alone. The chaos and uncertainty that his administration has unleashed upon American businesses and the US economy is unforgivable. #DumpTrump

“The Trump regime is rolling back regulation designed to protect public health and limit the warming of the planetary atmosphere. America was slow to take action around climate change in the first place and this reversal is a dangerous and irresponsible action. This backward thinking by Donald Trump is further evidence of his unsuitability for leadership in the 21C. Scientific consensus regarding climate change is unanimous and has been for decades. This wilful disregard for the reality is a crime against humanity. To do this in a bid to prolong a US car industry which has been outmanoeuvred by China tells the world a lot about America.”

- (https://www.midasword.com.au/america-was-slow-to-take-action-around-climate-change/)

Robert Sudha Hamilton is the author of What Price Life?; America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump; and other titles. NOW AVAILABLE AT APPLE BOOKS & GOOGLE PLAY BOOKS. Google Play Books AUDIOBOOK

©MidasWord

#America #Bigtech #consumptiontax #economics #ElonMusk #Government #IEEMA #illegal #SCOTUS #tariffs #taxes #Trump #Trumpfamily #unconstitutional #US

AI Will Decimate Income Tax Revenue Downunder

None other than James Packer, son of the great anti-tax champion billionaire Kerry Packer, is warning that AI will decimate tax revenue downunder. Why? It is because Australia depends upon the income tax from workers for the lion’s share of its tax revenue. AI has already started shedding jobs in middle management and the numbers are going to ramp up substantially very soon. The loss of hundreds of thousands of jobs to machines will impact the bottom line severely. Especially, as multinational corporations and rich people avoid paying tax in Australia. “New data from the Australian Taxation Office show 91 millionaires paid no tax in the financial year 2022-23. They'd claimed $390 million worth of deductions to reduce their tax bills to zero.” - (https://www.abc.net.au/news/2025-06-27/ato-reveals-90-millionaires-paid-no-tax-in-2022-23/105471332)

Australian Tax Revenue Will Suffer Greatly From AI Job Losses

Company bosses love technology and are embracing the opportunity to invest millions in AI. Let’s face it, many prefer instructing machines over dealing with actual human beings – no pushback and no pretending to like people at work anymore. Productivity figures will improve because sacking workers will make things look more economical going forward. GDP loves this stuff but GDP will not feed your family. The fact that the disruption to actual incomes for millions of Australians will negatively impact demand for everything has not been factored into their equations. The segmented thinking around all this will result in a hell of a lot of collateral damage on a societal level. Plus, AI will decimate tax revenue downunder.

Photo by David Peterson on Pexels.com Who Will Pay The Necessary Tax Now That AI Is Costing Those Jobs? Who is going to pay the necessary tax revenue in Australia to maintain essential government services like health, the military, education and the rest? Big companies are no longer paying their fair share of tax. Donald Trump has assured that via his bullying of global governments everywhere. Trump is running a protection racquet for American multinationals like Google (Alphabet), Amazon, Meta, Microsoft, Apple, Pepsi, News Corp and a slew of others who profit shift to tax free territories in order to avoid paying tax where they trade. Why do you think that Big Tech got behind Trump at the last US presidential election? Elon Musk got on board to maximise and protect his investments and assets. The oligarchs behind Trump are syphoning off wealth globally and giving little back in return. https://www.youtube.com/watch?v=KAuXLWui0JI “Goldman Sachs previously estimated that 300 million jobs could be lost to AI, affecting 25% of the global labor market.” - (https://www.forbes.com/sites/jackkelly/2025/04/25/the-jobs-that-will-fall-first-as-ai-takes-over-the-workplace/) Smart Phone = Dumb Human AI is being marketed as the wonder of the age. When you lose your job to AI, I wonder, if you will think it so wonderful? My maxim is smart phone = dumb human. AI accelerates this dumbing down and inability to think for yourself. The more dependent you become on technology the less you are in charge of your own life. Of course, the optimistic entreaty is that you will find other work. Yes, you might be able to deliver pizzas or something else in the gig economy. Congratulations on becoming a digital slave. Are we all going to take this lying down? Apathetic acceptance of a fait accompli? “To get to this moment, tech companies have been forging a friendly relationship with Trump. The CEOs of Alphabet, Meta, Amazon and Apple donated to the president’s inauguration fund and met with him at his Mar-a-Lago estate in Florida. Sam Altman, the CEO of OpenAI, which makes ChatGPT, has become a close ally of Trump, and Nvidia’s Huang has also cozied up with the president with promises of investing $500bn in AI infrastructure in the US over the next four years. “The reality is that big tech companies are still spending tens of millions of dollars to curry favor with lawmakers and shape tech legislation,” said Alix Fraser, the vice-president of advocacy for the nonprofit Issue One. “ - (https://www.theguardian.com/technology/2025/jul/25/trump-ai-action-plan)

AI Is Going To F*** You AI will decimate tax revenue downunder. This is why the Australian government is looking at how they can maintain the necessary tax revenue by other means. New ways of taxing wealth will be required. The increase and expansion to the flat consumption tax is always popular with economists. “In Australia they are talking about raising the flat consumption tax called the GST. Increasing the GST hurts the working poor more. After 4 years of a cost of living crisis due to high inflation, exacerbated by price gouging by big corporates, and the Reserve Bank steeply raising interest rates the experts think that the poor folk need another kicking. Who do you think copped it in the neck the most over this period? And prices on essentials have not come down, they are merely not rising by so much. Does the federal government really think that those hurting the most financially deserve another price hike on everything? “ - (https://www.midasword.com.au/increasing-the-gst-hurts-the-working-poor-more/) AI comes protected via the American tax avoidance racquet of Big Tech and Trump. It is going to seriously mess with our way of life and for what? It is not some panacea but just another marketing push from the digital services takeover of the world. You pay a subscription for everything and own nothing. Welcome to the US masterplan. Robert Sudha Hamilton is the author of Money Matters and America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump. ©MidasWord

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Former President Donald Trump has criticized his former United Nations ambassador, Nikki Haley, over her suggestion to implement new taxes to address the national debt. Trump called Haley’s proposal “a big hoax” and accused her of pandering to the Washington elites. He also claimed that he had already done enough to boost the economy during […]

Trump Slams Haley's Tax Proposal: A Big Hoax to Please Elites, Hurting Economy! #consumptiontax #donaldtrump #economicgrowth #economy #FiscalPolicy #nationaldebt #NikkiHaley #republicanparty #revenue #valueaddedtax