"No More Income Taxes!" - The 10% Trump Tariff Explained

[@GrahamStephan]

Take your personal data back with Incogni! Use code GRAHAM at the link below and get 60% off an annual plan: incogni.com/graham

[@RanDom-if2ee]

You really have more MAGA supporters in here than i thought.

[@markandlynneshapiro4027]

Oh BS

[@HomeEngineer-wm5fg]

@10:30 what you get wrong Steven is that our products are already tariffed to high heaven overseas.......so Trumps argument is if our products are tariffed, we can match their tariffs.

[@gazorpazorp9798]

Does he though? Or fid he start his business with 13 million dollar loan from daddy?

[@HRH.SinclairDeVer]

KZbin isn't showing your videos as often as they should

[@austinballard7792]

veteran here. We had a budget for our unit on base. if leadership didnt spend the full amount, they were fearful the budget would be less the next year. That drove them to be frivolous, and buy whatever they could, even if that didnt benefit us. Wasteful military spending is a huge issue that goes without notice.

[@JustinCredible-x1w]

I have a buddy in the coast guard who told me they dumped whole helicopters in the ocean for just that reason

[@austinballard7792]

Maybe Graham will bring awareness of this issue. not sure if it’s covered on the news. Its very sad considering I was proud to serve our country.

[@GnarlsBarkley123]

Navy veteran here and I FULLY agree with every word. I was in for almost 10 years and even trying to be cost effective was frown upon, it’s really bad still.

[@yeshuaislord7773]

Exactly

[@drewajer2538]

Excellent point.

[@upperhandcustoms11]

Income tax didn’t exist until 1862 when Lincoln implemented a 3-5% tax based on income level to fund the civil war. Now income taxes vary between 10-37% and we are still in debt. The government doesn’t have an income problem, it has a spending problem.

[@blackmagick77]

Not to mention all the taxes we have now. Capital gains, tax on interest earned, real estate tax, ect

[@Ltroughneck]

You should also add that the taxes by Lincoln were only for 10 years and then stopped.

[@Xabraxas]

We also didn't have the massive infrastructure we have today that supports our massive economy. Highly developed economies don't just spring up from nothing despite what some people would like to believe. You need education, regulation, healthcare, and infrastructure and it all needs to be aligned to be able to produce a thriving economy. Show me one modern country with a thriving economy that has a 3-5% tax rate and then maybe you could convince me but they don't exist and there is a reason for that.

[@darcybaker2829]

Exactly and if I were to gain an additional 2-4K extra for goods due to tariffs but don’t have to pay income tax my net gain would be substantial…..so there’s that. I’m so tired of giving half my paycheck to the government

[@alexgrebe5469]

This is EXACTLY what I bring up when the eat the rich crowd opens their mouths

[@charlieinabox1164]

I’ll take 40% of my income back for 40% on material goods I don’t want. Let me decide how to spend my money.

[@DatBoisHouse]

Preach

[@acquitz2208]

Exactly

[@tcasoccer13]

100% this

[@blitzzer24]

Great. You are in a position that you benefit from that. If you're living paycheck to paycheck and didn't have an income tax, this makes your life far more expensive. I would benefit from this system personally as well, but I don't want the most vulnerable to be priced out of basic essentials because I want lower taxes.

[@davedeboy5726]

So no electricity, no roads, no bridges, no grocery stores, no gas stations... etc. Why not just move to remote Alaska then.

[@Joeknowsball247]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@AaronTilt]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@Arnold-ic9jg]

The truth is, the role of an investment advisor can often be overlooked but should never be underestimated. After facing a significant portfolio loss in 2020 during the COVID pandemic while trying to manage my investments on my own, I decided to reach out to an investment advisor. At that time, I had about $126K left in my portfolio. Now, without having to lift a finger, I'm semi-retired, working only 7.5 hours a week, and I'm just 15% short of my $1 million retirement goal thanks to my subsequent investments.

[@camille_ann3]

Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.

[@Arnold-ic9jg]

I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Laurel Ann Watkins" for years and highly recommend her. Look her up to see if she meets your criteria.

[@camille_ann3]

She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

[@Okami400]

One thing we can all agree on, cut government wasteful spending.

[@brettweltz8135]

Call it what it is government money laundering.

[@trevorallen5948]

yes but we do not all agree on HOW and WHO should do that. So far it looks like the VA could be a target of DOGE and if any more social programs get targeted it could be bad. If they make defense contractors stop charging the government $299 for a screw, yay doge.

[@ArnionDeVoluptas]

This feels like an impossible task. You can't eliminate greed, so the only thing to take money from (if not politicians/lobbiest pockets) are generally useful programs and services. Plus constantly yelling "less government spending!" Only drives us further away from a half decent universal healthcare system, which EVERYONE seems to want granted to response to the UHC CEO incident

[@blanco-sanchez450]

Wasteful and fraudulent spending. Audit and track spending to private government contractors and nonprofits.

[@ronnyyoung7253]

Pentagon is notorious for this. But no one wants to talk about reducing the Military budget. It needs to be addressed.

[@caps741]

If it removes income tax, I’ll take it. Losing about $18k to income tax this year. If tariffs would increase my cost of living by $4k but remove income tax, I’m still coming out ahead by $14k.

[@rachelmaguire4734]

Plus how much of that crap do you even buy? Not much!

[@smokey5225]

You would think it encourages more thoughtful spending

[@Slow4.6]

And you end up with better products in our market

[@frangelplays]

Yeah now there's no government and the debt is gonna quadruple but at least people that are making like 100k + a year are able to keep their money...... I'm starting to think this may be a bad idea for most people.

[@michaeltangusso9801]

@@frangelplays what they have done to us is bad .why is everyone afraid of change !

[@LesterHess-t1x]

Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[@wmwoods-l4f]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.

[@j.ottinger]

Under the direction of experts, accurate asset allocation is essential. I own 850k in equities, 75k in cash that is yielding 5.25 percent, 120k in a 401(k), 685k in RothIRA, and gold and silver bars. 48 years old. My portfolio quickly flourished after my adviser helped me calibrate it to my risk tolerance.

[@karitanaw]

@@j.ottinger this is huge! mind if I look up the adviser that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@j.ottinger]

I have worked with a few financial advisors before now but i ultimately settled for 'Annette Marie Holt'. She is SEC regulated and licensed in US. You can easily look her up

[@karitanaw]

Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.

[@ebony_shogun-7796]

Everyone can agree that wasteful spending should be stopped. Now we all need to agree on what is 'wasteful spending'.

[@rb239rtr]

tax cuts in a huge deficit budget

[@NateSmokes816]

Sweet. Lets start with the Pentagon

[@Stealth-xx3he]

okay propaganda bot

[@strategygalactic]

Wasteful spending by whom? Who are you to decide what "wasteful spending" is?

[@DefaultName-vb3mt]

Dumb idea.

[@buzzwatching]

I’m taxed when I’m born, while I live, to eat, to drive, when I retire, and when I die. Government doesn’t need anymore taxes

[@jaybartgis5148]

5:27 but you're not telling the other side of the story. Those countries like China who "retaliated" were hardly buying our goods in the first place.

[@allahbole]

Exactly. My first thought was "wait, what are we making that other countries buy?" Maybe jeans, turkey, and corn? Movies?

[@thefamilyadventure5330]

A trade deficit of almost $400 billion a year! US imported more than exported. Most of the products are from consumers buying Chinese made products because it's cheaper. Buy local even if it costs more! (American employees are exponentially more costly). Buy America, pay more so that American companies will offset the cost and still retain more money.

[@lcsatan]

Exactly, so who do you think it is going to affect the most?

[@nyhuismanagement8680]

​@@allahboleit's our brands they buy. Maybe not manufactured here but the corporation is here. Walmart has stores worldwide, Nike, Apple, Microsoft look up what those companies revenue compared to some countries GDP is...

[@strawdemindset]

Hardly? 200+ billion is nothing?

[@CHRISTIAN-MYERS]

These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

[@theTeslaking]

I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.

[@JosephMartin7226]

This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, per country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio

[@michaellaw321]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@JosephMartin7226]

Finding financial advisors like Sharon Ann Meny who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@michaellaw321]

Thanks a lot for this recommendation. I just looked her up on google, and I have sent her an email. I hope she gets back to me soon.

[@SeanTalkoff]

The tarriff plan will evidently lead to high inflation, the high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.

[@DonaldStokes-p]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@viviancarolgioao]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@Tonyrobs2]

@@viviancarolgioao Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@viviancarolgioao]

My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Tonyrobs2]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@Not_Sure_2505]

I'm all for getting rid of income taxes. Here's why: we pay taxes on our income, then taxes on goods we buy. We are taxed twice right out of the gate. Then we are taxed on things we sell. We are taxed if we buy stock and sell it at a higher price. We are taxed to live in a house we already bought. We are taxed to drive on certain roads. Every single little thing we do with our money is taxed. And where does it go? Overseas. Politicians pockets. Rarely do we ever see it help us, the common citizen. I will gladly accept my FULL PAYCHECK that I earned, and buy American made products, or choose what foreign products I'll buy and pay taxes on.

[@nicholasi8296]

Agreed

[@adseigo]

@@Not_Sure_2505 Except that's not the plan. The plan is to replace income tax with a flat consumption tax. This eliminates the exemptions and deductions you can get with income tax, so you'll end up paying more in the end when the feds apply a 20% national tax on everything you buy, regardless of where it's made. And that will be in addition to price hikes to make up for the tariffs and state sales tax. If you're middle class, expect your effective tax rate to go up by about 10%, assuming you take no deductions.

[@Not_Sure_2505]

@@adseigo hmm, I may need to read more into it. For what it's worth I still feel we are taxed too much for what we get in return. Fun fact, I am from PA, and when you buy alcohol there is still an 18% tax to help aid the recovery after the Johnstown flood in 1936. Why this tax is still in place today is beyond me...

[@ohwow4377]

I couldn’t agree more!

[@Vince-p5l]

The real problem is that American consummers will be paying more in anything they buy. The American people already complaining and blamming Biden for high inflation that's why Trump was elected. So putting high tariffs on imports will definitely increase inflation and doom any Republican election in the 2028 elections.

[@jeffsorensen914]

You pay approximately 60% in taxes of every form in one year. Licenses, Insurances, etc. Save your receipts for one year, starting this new years at the end of the year add it up. Taxed 60% . That is why it is so hard to live. The politicians live carelessly with all your money while you struggle to survive.

[@douglackie3777]

Unfortunately the People are to brain washed to think we can not change for the good in this country!

[@mcintosh.motors]

where are you getting that number from lol for most people they’ll pay anywhere from 10-40% on income taxes depending on the bracket they’re in.

[@douglackie3777]

@@mcintosh.motors He is saying Save all your receipts then add up all the receipts together and see what you come up with? guaranteed it’s like what Jeffsorensen said above! We are being ripped off period! Anyone who is happy in paying federal income tax is the ones that barely work and are getting like 10G back because They got a boatload of kids!

[@denise8242]

Exactly and they are outright stealing from us.

[@tommeeker9089]

@@mcintosh.motors You are taxed for everything you buy AFTER you have already been taxed on your income. Not just what you are paying in Income Taxes. No matter what you buy, it is taxed! Its bullshit!

[@ScottBurtnick]

In the private sector, you're rewarded if you go under budget. In the government, agencies are rewarded with a bigger budget for the next year if they spend all of their money in the current year. This leads to unnecessary waste and needs to be changed.

[@fastcar42069]

Clearly you've never worked for caterpillar, as an employee or contractor or otherwise.

[@vickikesterson-mccormick7146]

Problem in the private sector corporations is doing the same. They have consistently justified bigger and bigger budgets so they come below their estimated budgets. It’s been going on since the 1980s at least. This is what was going on at Enron and more and more companies since then have been doing this ever since.

[@gabrielanes7606]

No you dont. Managers and Directors do. Not the employrr. You get a pizza

[@larryburnett3591]

I don't have any experience in the Federal government budget spending to receive more the next year, but in the state of Arkansas our parks and recs division will break their necks in the month June if I remember correctly to spend over $25000.00 left on the budget before July so they can get more the next year. One of our more misused and mishandled agencies in the states budget. The park I worked at had stuff rusting and rotting away they had for over 20 years that never was needed but wouldn't buy a chainsaw to clear a trail without a mile of paperwork explaining why I needed a new one instead of the 30 year old one I had to uae

[@my6732]

They do it with Medicaid for the mentally challenged, they call it a spend down at the end of the year . Basically they have unused government assistance and if they don't spend it t the end of the year, they won't get that much next year.

[@gavinoleary2793]

Keep 40% more of your money, pay 10% more for foreign items, I'm cool with it Edit: idc that my numbers might not be right, it's MY money, I wanna keep it, stop dickriding the government, they never do anything beneficial for us, idk why everybody wants to argue their right, give me my money and let me figure that out

[@jameshill6365]

😂

[@0-0-0-2]

💀cope

[@phinsup49]

Knew someone would come up with an excuse to pay more after bitching for four years how they can’t afford anything. You do realize you will still be in the same boat you were in under Biden. It’s not going to be only 10% more. Things like vehicles could go up 200-400% including American made vehicles. You’re okay spending 40 grand for a brand new Ford fusion base model because you get to keep an extra 10k a year? This is why informed ignorant and stupid people shouldn’t be allowed to vote. You’re like I’m okay with spending more because Trump did it but I cried for four years about my grocery bill being too high because Biden was in charge then. 😅

[@komisiantikorupsikoruptord6257]

And demand for exported goods decreases

[@phinsup49]

@@gavinoleary2793 we found that one dumb guy that doesn’t get it lol

[@Dandrinetwork]

If he cuts federal taxes I get to keep 25k + a year from my check, why would I complain about a 2 dollars toilet paper?

[@Dgnmuse]

Except it won't just be toilet paper it will be double the cost of everything so that 25k is used anyways. Imagine renovating and budgeting 10k, well now that's 15-20k cause of goods being $$$ even domestic products will raise costs cause why would they want to charge less? It's a HORRIBLE idea.

[@nyhuismanagement8680]

It won't be double because entrepreneurial Americans will see the opportunity to sell goods and services for less than the foreign competitors and it will encourage Americans to go back into business. I speak as a business owner who owns business in multiple industries

[@Kami84]

He's not going to eliminate federal income taxes.

[@spookyjones6577]

​@@Dgnmuse? Okay???? People will just get their stuff here. No biggie.

[@goatfromhell666]

​@spookyjones6577 what stuff????? It would take decades to reestablish the manufacturing base in this country, which just isn't going to happen, because you paying the tariffs through higher prices is not an incentive for anyone to open up manufacturing in this country for the same or more cost.

[@deadboyezra]

We are in control. We need to behave as such. We’ve been getting screwed for years by these other countries. Tariff their asses.

[@RanDom-if2ee]

Dang, i have never seen such a big creator engage with their community so much. You reply and heart a LOT of comments. Thank you for that.

[@GrahamStephan]

You got it! I always try my best to reply to comments for the first hour of a video posting!

[@fortunateforest]

@@GrahamStephan a couple years ago he used to comment on every single post, KZbin flagged his account for spam :'D he's one of the more consistent people on this earth, which has led to his success. I used to just say Hi Graham, and he'd say hi back nearly every time. Replying for the first hour makes sense as a happy medium

[@MegaCabMorris]

It's his team not him

[@leitm3912]

@@MegaCabMorris his team is him lol

[@theresathinks9561]

I love it

[@katiemiles637]

Way to ignore the fact that Europe and China highly tariff our goods.

[@wisky3]

Take a look at china import from usa vs exports we are getting taken advantage of.

[@truthspeaks281]

​​@@wisky3 Lmao China is trying to cut out dealing with the US. They are a part of BRICS. They're already stopping a bunch of stuff that we just don't have here. We're still in debt to China too.

[@Zoltan1251]

@@wisky3 Saw trade balance for the first time eh? God damn you professional economist, didnt even need to study anything and already know whats up. Just let it be, you dont have enough knowledge on this topic. Trade deficit is not a bad thing, especially not for the US.

[@wisky3]

@@Zoltan1251 trade and the current account deficits will continue to widen until they become unsustainable but yeah just leave it alone

[@Zoltan1251]

@@wisky3 No such thing. Answer a simple questions then. US is running trade deficit since 80s, how come US got richer and richer?

[@johnl9135]

Doesn't matter how you slice and dice it Graham, at the end of the day the consumers are the ones hurting.

[@user-zo2ge3oe8d]

@@descensiongrime6409 lol for real. It doesn’t even occur to them.

[@AdrianSimmonsJr.]

Lmao you think everyone has the ability to become self sufficient and no longer grocery shop or engage with literally any imported goods?😂 citizens foot the bill of any tariffs put in place at the end of the day

[@Matthew-.-]

Idk how people are already forgetting he did tariffs in his first term and the economy was doing amazing by almost every metric until COVID. So it does in fact matter how you slice it and dice it.

[@RockyStaffy12]

@@Matthew-.-yea ok ask the farmers that

[@KRYPTOKINGGAMING]

@@RockyStaffy12 There is a gigantic series of other things "farmers" need to worry about, namely the fact that most of them are or will be corporations.

[@moneymovesmaria]

this was really informative, i think you laid out both sides really well while also weighing the pros and cons of both

[@humphrey]

thanks for always keeping us informed graham!

[@GrahamStephan]

Thanks so much, man - hope all is well!

[@HaveaDrinkofWhatever]

@humphrey ... But what's your take on this video man?? Good idea or nah??

[@tylerguitar75]

@@HaveaDrinkofWhatever Graham is completely wrong and misses the most important points: our country's fate hinges on our resiliency and ability to produce, not our ability to buy things and spend; other countries like China ALREADY have massive tariffs on us, and had them on us before Trump was president in 2016; Tariffs were the primary form of revenue for the USA from 1776-1913 and propelled the USA to global superpower, before the income tax came around (which was originally sold to the people as a tax on "the wealthy"). The American people are being duped, and it's very sad. We are stronger when we have the ability, knowledge, and strength to produce things ourselves. Yes, it is good to also trade with the world, but being a mindless consumer is not a position of strength, it is a position of weakness, and the USA is a vast superpower, not a tiny, remote island.

[@loisavci3382]

Wasteful spending happens because it's incentivized. A government unit that actually cuts costs and comes in under budget is punished by having a smaller budget for the next year. To have any hope of maintaining their budget or possibly seeing an increase they need to spend their entire budget or maybe overspend a bit.

[@UziBlancoOfficial]

It's the same in our school systems too!!

[@avres13]

Seems like an excuse for companies to continue to price gouge and more than they already are…

[@panda.paradox.91]

The federal income tax is the big one you need to watch out for. Bernie’s absolutely right on this-it would be the biggest wealth transfer in history if Trump got rid of it. His tariffs could throw us into a recession (depending on how reckless he gets with them), but no federal income tax would leave the country completely unrecognizable.

[@mikeb.2925]

Just like the supply chain issues during covid was a great excuse to skyrocket prices and never bring them back down despite the obvious overproduction we're currently at.

[@Squizzly]

@@mikeb.2925massive overproduction. No corporate profit margin regulations at all

[@klosnj11]

Businesses will sell what they have for as much as they think they can get for it. Always. The reason prices have been rising is largely due to manipulation of the money supply by the federal reserve durring the pandemic, combined with a breakdown of supply chain.

[@mythcurcheckit]

​@mikeb.2925 look up how much money was added to the money supply during 2020 and 2021. It was 100%. If I make 2x of something it becomes less valuable. But ya, let's blame companies who adjusted their prices.

[@lockeness82]

As a contractor I worked for the USAF. The job we did required 92 items for replacement to give our project a guaranteed 50 year life span. The AF "budget" was so robust that after buying all the spare prices and parts and paying the contractors for the 50 year lifespan project. There was "slush" rather then return or repurpose the robust leftover $ they purchased 9200 "parts" and built a larger warehouse to keep them in. That's 5000 year lifespan. That is the meaning of government overspending.

[@KaikanoSei]

Until 1914 tarrifs were the ONLY federal tax.

[@tesladrew2608]

There was also no medicare, Medicaid, social security, or standing military.

[@NoCluYT]

And people were mostly self sufficient with farms or were dirt poor with no government programs to protect their interests.

[@josephpugh55]

​@@tesladrew2608citizens pay for SSA, Medicare through payroll from their employers.

[@chandlerburleson3559]

@@NoCluYT Government programs are not protecting your interests.

[@frangelplays]

And do you think people lived very lives back then or now?

[@DelveSideways]

In the end, it is always the consumers that pay higher prices for products, not the companies that supply them.

[@officialericksanchez]

then open your own company haha easy

[@jacobcarlson4010]

@@officialericksanchez: And while we’re throwing out random BS arguments, why don’t you buy the entire state of texas. It’s easy; just give them some money, and you own your own state.

[@officialericksanchez]

@@jacobcarlson4010 hahaha right, why don't you?

[@ValeriaRhodes]

Mmm yess but also I wouldn’t mind if we were not taxed on everything from our pay, to our homes, to our goods, and everything in between. As I’ve mentioned before, due to social media, overconsumption is at an all time high- and because of that, the demand is too high. This allows companies to push poor quality items. I miss the days where a piece of furniture would last you decades. Yes, it was expensive but it was actually worth every penny. Companies might come home, more jobs, higher pay. Imagine working so hard for your check and keeping it all? Then being mindful of items you wish to purchase.

[@11CountryCats]

Income tax was supposed to be temporary

[@nitrogamer534]

This is not good for all the people. From this, the Rich will become richer and remain richer while the poorer will have to pay the price for the things that the govt. do with the country's budget.

[@ReadIcculus93]

Are you talking about back before we had municipalities like garbage pickup, police departments, firemen, and infrastructure like bridges, roads, and interstates? Back when the only schools were colleges and universities? When you had to hire a local douser to locate water so you can dig your own well for drinking water. The 1800s apparently were a grand ole time where everyone just tossed all their unpaid income tax in the air when they got home. They had so much extra cash to drop on the latest unregulated snake oil.

[@ReadIcculus93]

Wouldn't it also be great if we lived in a society where we had large groups of people who worked for free and we could just profit straight from their unpaid labor. Wouldn't that be something if we could just go back to dehumanizing people to the point where we treated them like cattle. Society would be so much better off. No more need for social programs, or government regulations. Just treat all the poor people the way we did back then.

[@joshuab2450]

So genius...how would you pay for road maintenance, schools, hospitals, police, firemen and basic infrastructure with no tax collection ?

[@linkplays2952]

@@joshuab2450 literally most of those aren't from income tax. schools are from local taxes which are mostly property tax and sales tax, same with firemen and police. Road maintenance is from the gas tax and hospitals are private entities.

[@theautoforeman3268]

This was a very good educational video. Graham I've been a fan of you for a while. I'm just a nobody but it's been a while since I've tuned in just because of how doom and gloom everything is painted with your videos. I like the unbiased educational financial content a lot. I look forward to seeing more of this into the new year

[@NinjaGirl1989]

The supreme court has already ruled that income tax is unconstitutional.

[@blakethompson6210]

But the govt amended that to be able to steal 16th amendment

[@Xabraxas]

What planet are you on? The income tax is specifically outlined in the 16th Amendment. There is no possible way for it to be unconstitutional.

[@zeketestorman4981]

​@@Xabraxas Incorrect. An amendment can be stricken if it is deemed unconstitutional. Hence the word "Amendment." The Bill of Rights is the foundational document that cannot be changed. Everything after is adjustments for the time.

[@Xabraxas]

@@zeketestorman4981 LOL. That's 100% not true. An amendment is an amendment to the CONSTITUTION. That means it IS the constitution. Go back to class, son.

[@zeketestorman4981]

@@Xabraxas 100%? No. You are only right by definition, and are ignoring the nuance and principles of the matter. I'm not siding with the above poster about the Supreme Court. However, there is significant conflict with the BoR (particularly with the 4th and 5th amendments) when it comes to the 16th amendment, and as such, it can be repealed, and that would make it effectively null and void, since later amendments supersede previous ones (with the BoR holding a unique status that makes any conflict with is especially contentious). Like Prohibition, an amendment can be repealed when it contradicts founding principles. The way you present it makes it seem black and white when it is not so clear cut and dry. The legal system operates off the word and spirit of the law, not just the word. Just like our cities exist in the wilderness, our government exists within culture, ultimately making strict legal word dependant on spirit, and not word alone. As such, the amendment can be considered unconstitutional on principle, even if not strict legal terms.

[@arunrama4406]

Does anyone forget why we fought to make America we were tired of British taxes

[@japowey8958]

ad skip 7:32

[@AlexandreDur69]

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[@tinkachu8743]

A 7 minute ad in a 15 minute video 😂

[@smiley9762]

pin this.

[@mikejones8667]

Love how u tied the video together with the government spending. That’s where we should be looking at first.

[@GrahamStephan]

100% Agreed!

[@mathehack1]

Let's just go ahead and get rid of social security and replace Medicare. That'd get rid of two thirds of the government spending and I could actually retire.

[@cann5565]

​@@mathehack1I want a refund if that happens. I've been paying in for almost 30 years.

[@red2theelectricboogaloo961]

@@mathehack1 what the hell??? that'd crash the economy.

[@mathehack1]

@@red2theelectricboogaloo961 care to elaborate? I'm just saying that social security gets phased out over the next few generations. Replaced with something not designed almost 100 years ago or not. I think most Americans don't even know how Social Security works and that's why it's such a crappy system.

[@sethtildeath5]

This little guy makes one hell of a video. So much info and you kept it entertaining. Keep it up, you're my financial news from now on.

[@plantune2003]

Incredible intro for the sponsor, had no idea it was gonna lead to a product and was already becoming interested in figuring out how to get back my data. Good work.

[@caleboudbier]

Bro whats up with all these comment section haters? He Made valid Points for both sides. chill out peoples.

[@GrahamStephan]

People look at the title, or watch the first 30 seconds, and leave a comment. Because those comments are the earliest, they're seen by most people and voted higher. The people who actually watch the video comment later, and their comment is subsequently buried lower.

[@aj2563]

Exactly, this is a pragmatic look at the situation. Some party supporters (on both sides) get instantly defensive when presented with data that contradicts their party’s elected official.

[@PerfectlyFunctioningAI]

@@GrahamStephan yea i appreciate that you dont sugar coat it and outright say where the costs will be passed on, but it is a little worse than the toilet paper explanation you gave. For one, alot of times the U.S doesnt have its own toilet paper manufacturing (we shipped most of it overseas because cheaper labor out there) making the competitive argument pointless, and for two alot of products dont just cross the border once, they cross back and fourth multiple times as it gets assembled in many places causing prices to not to simply increase but to multiply the costs by many folds. So we are potentially looking at some nasty nasty high prices coming to our shelves next year.... I dont even want to think what this will do to the auto/appliance industry.

[@incognitotorpedo42]

@@aj2563 That must be rough on them when their guy lies constantly.

[@MegaLokopo]

@@aj2563 People act like it is impossible for the current party to be out voted next time if they do badly enough. If it doesn't work he will be voted out of office and the other party will just undo everything he did. Or it works and the other party takes credit gets elected and continues to do what they always have done. It is the same cycle every election.

[@datsme8986]

I mistakenly believed the discussion would pertain to income taxes; a more appropriate title would have been "Tariffs." 😂

[@RanDom-if2ee]

Thank you for the neutral and informative standpoint you came at this from.

[@OverlordPofo]

This wasn't neutral on the initial uploaded title

[@CandidObserver]

How is this neutral?

[@travisdavis9722]

I knew which way this video was going to swing as soon as he put the ladybug picture on the screen.

[@jackleszczynski7935]

I’ve been watching you for years. The trend toward shorter content is a great change for the channel. This video was great and compact

[@the1andonlycorbin]

A major problem with tariffs are once they are implemented, they are hard to get rid of. We still have tariffs from many decades ago placed on items that are no threat to domestic production. In today's global society, so many items are produced using parts from multiple countries that if these sweeping tariffs are implemented, pretty much the cost of everything will go up.

[@tsuki_moon.1]

Lmao good times to skip usa as market partner

[@thecrackin-u8p]

Biden loved trumps tariffs so much, he kept those 😂

[@jasonscst]

Replace tariff with income tax and everything still applies. Tariffs can, and are, changed quite quickly

[@rb239rtr]

USA still has a 25% chicken tax on German utility vans since the 1960s.

[@dcouwlier]

You as a consumer can decide where to spend your money at/on. We are taxed to death here and you clowns want more taxes. Income, sales, luxury, gas, property. How many times does a car have to be taxed once the original tax has been paid? Government says every time you sell one it has to be taxed again. Homes too. The government is out of control.

[@kemikunle9360]

This video is truly an exceptional, apolitical synopsis with excellent history contextualization! Awesome, thanks!

[@katbones82]

Very refreshing to see!

[@OhBeEye]

First vidya I've seen from you. Third on my mobile home page. Was a great time. Nice, concise, informative. Thank kindly.

[@JakeVanderPloeg]

The idea behind tariffs are that consumers will be less incentivized to buy foreign goods and thus they’ll buy domestic products. In theory this makes sense but in reality tariffs are either paid by American companies that import the same foreign goods or materials that they were importing before the tariffs and so they’re then required to pass that additional expense onto the consumer or the consumer ends up being forced to pay for the more expensive domestically produced good rather than the cheaper foreign made ones. It also creates barriers to trade with our allies and hurts relationships with other countries. It often time causes other countries to retaliate and put tariffs on our exports. If another country makes something more efficiently than us and we make something more efficiently than them, that’s good trade that benefits everybody and should be encouraged. They are a tax increase that benefits nobody except very highly targeted industries of US producers and politicians trying to appeal to American voters that don’t know basic economics

[@joshuadelaughter]

For industries where there are already US based manufacturers though, it suddenly makes the American ones a lot more competitive. And tariffs are nothing new. Not sure why Americans are so adverse to the idea. Pretty much every other developed country in the world uses them.

[@itskino8324]

​@joshuadelaughter A lot of it has to do with people like their cheap items after the last couple years of inflation, I don't want prices to go up even more

[@RanDom-if2ee]

@@JakeVanderPloeg Wonderful explanation.

[@JakeVanderPloeg]

@@RanDom-if2ee Thank you! I’m very passionate about economics!😆

[@RanDom-if2ee]

@@JakeVanderPloeg I can tell! Thank you for taking the time to type this well thought out piece👍

[@dustingre8]

Tariffs are a negotiation tool. Imagine if we’re currently paying 30% tariffs (tax we pay) to a country that we only receive 10% tariffs for our goods. Cost of goods is 20% higher. Now imagine someone evened out those tariffs. 10% in and out. The other countries cost won’t change & our tax income won’t change, but we’d now pay 20% less for anything from that country.

[@Xabraxas]

This doesn't add up. We have a trade deficit so that won't even out. The idea that tariffs are just a "negotiation tool" is a fiction created by the media to cover for Trump or so it seems. He never references them in this way. He talks about using tariffs as a way to fund the government. It's also not true that we are getting tarriffed by other countries across the board and we are just responding to that. That doesn't make sense considering Trump is tariffing Canada and Mexico when Trump is the one is renegotiated the trade deal with them his last term. Did he negotiate a bad deal? I don't get it.

[@PMProductions1.0]

That would be the best possible outcome. Unfortunately that isn’t overly complicated so they won’t do it 😂

[@tesladrew2608]

Copium

[@Zoltan1251]

The first thing that he says in this video is that countries dont pay taxes!!!! Tarrif is called import tax everywhere else. You buy something you pay the tax to your own governemnt, its sales tax on goods coming from different countires. Not to mention that tariffs are net negative for everyone, literally no positives. This was established decades ago and proven over and over and over and over but there is always somebody trying to invent a wheel.

[@hernantuquero5969]

What if the other country doesn’t take the bait and raised the tariff? And it’s not that simple. American cars and Japanese cars that are assembled in the US import most of the parts from different countries.

[@cartertaylor2297]

Is anyone actually watching the vid before commenting? All I am seeing is blind acceptance of the policy without actually refuting any of the points Graham made.

[@GrahamStephan]

Initially, people click on the video and make a quick assumption based on the title without actually watching. I really tried to cover pros / cons and give a thorough overview / history - I don't think this really sways one way or another, besides cutting government waste.

[@cartertaylor2297]

⁠yeah that's fair, guess it's just a KZbin comments thing haha

[@HomeEngineer-wm5fg]

@10:30 what Steven gets wrong is that our products are already tariffed to high heaven overseas.......so Trumps argument is if our products are tariffed, we can match their tariffs.

[@willharris5562]

That’s the trump mafia way, blindly accept a trump policy or lie and attack anyone who uses common sense to analyze it

[@NicMercy]

@@GrahamStephan Personally, I believe that cuts are not the only necessary action. I believe the government also needs to increase it's income. Yes that means tax increases for higher income individuals and closing tax evading loopholes. I also think that corporations SHOULD get tax incentives... IF 80% of their employees are U.S. citizens and paid a livable wage. My stance is, if you're a corporation that wants to do business in the United States, and you want those sweet sweet tax breaks, you need to provide employment with fair compensation to our citizens.

[@BigWoodzCBCL]

4:16 would make sense if we could actually manufacture things at a competitive price. There are certain things we just can't create cheaper here. And if we not competing globally then we are limiting our society to only American quality while everywhere else will get better options. We see this going on currently with our food supply being almost completely controlled by Monsanto while the rest of the world has MUCH better food quality.

[@SnakeBiteWelding]

I would cry tears of joy if income tax was eliminated. 20k per year in my pocket

[@OrangeTree253]

@@SnakeBiteWelding yeah the income tax is a wild thing

[@TheCreditRepairShop]

I agree with buying American first but here's something that happened to a company I owed for over 34 years. When Trump put the tariff's on Chinese newsprint paper my prices doubled. The American producers didn't lower or keep the prices the same. They choose to increase it to what the new tariff price would be. I went from paying $2,500 to $3,500 per week for printing to over $4,500 to $5,500. December of 2023 we decided to shutdown that division of my company.

[@rezzo7290]

This is the comment we needed. Covid greedflation showed EXACTLY what "Americans" do when they can slime more money off you. I tried to get a paper based product made in America and the cost per unit was higher than the retail of the product. What a mess our global economy has become for average people who do want to re-balance things.

[@ryanbarthel5352]

THIS, thank you for this. It's a perfect example of the reality of our economy.

[@mrgus1]

Sounds like a great opportunity to start a newsprint paper company and charge $4k.

[@ryanbarthel5352]

@@mrgus1 Not very business wise I see. if his company went out of business, it means others either went out of business or figured out how to continue without printing. That means if you did start a print company, you'd be competing with existing and preestablished companies for a scarce pool of clients.

[@chrisholmes1135]

December of 2023 is when Biden was in office and Biden also chose to keep and increase those tariffs. So blame him for increasing the tariffs.

[@Maleko48]

Tariffs don't do a whole lot of good if there's not sufficient domestically- manufactured alternatives to choose from.

[@AvalanchePerformance]

Weird. You mean it has to be thought out per product to determine what may or may not happen?

[@Jimmybucketzz]

America have very high GDP per capita tariffs are no big deal

[@strategygalactic]

Thus, NEW American businesses or RETURNED American businesses.

[@red2theelectricboogaloo961]

@@Jimmybucketzz the GDP per capita is also HIGHLY skewed towards the very highest of the highest earners, yet you don't mention that and keep going with the rest of your comment; no, it is a really, really big deal. this is going to impact poor americans really badly.

[@red2theelectricboogaloo961]

@@strategygalactic some businesses can't just be built in the US. coffee is an obvious one, since it pretty much can't grow anywhere in the US except for hawaii and southern florida, but this also extends to other things, like salt and pepper, televisions [NO televisions are manufactured there], cheap consumer electronics in general, most gas sold in the US is also imported, most tropical fruits are imported, and plenty of industries are prohibitively expensive to put in the US due to higher labor costs and environmental protections [both of which nonetheless serve an important purpose]. most things manufactured in the US skew towards high-end and heavy industry, which is not surprising since those require higher levels of education and better infrastructure, both things the US has. but lots of things would be insanely hard or straight up impossible to make in the US.

[@EmineSafak-g7d]

With Trump projects like ©XAI130G gonna 100x boom

[@rkymtnchi503]

the economy is going to sink like a rock lmao

[@richardscroggins2096]

He is basically suggesting that we go back to the old way, because that is how the U.S. operated before 1913. (Civil War not withstanding) We were fine for well over 100 years without an income tax, just tariffs and I think we would be again. Income and property should not be taxed, only consumption.

[@Fluffylives]

The part that was missed is that “if companies move to our soil they dont pay tariffs”

[@cmike123]

Who is going to pay that infrastructure cost? Nobody. It's easier for them just to raise Prices. These tariffs only work if there is already an alternative at home.

[@exoticspells9095]

@@cmike123 Apple already contacted Trump and Apple already accepted it will build a company in the USA.

[@1Mubly]

@@exoticspells9095 untrue, Apple is only going to be sourcing chips from within the US, and was already in place back in 2022. There will not be a single large corp that will bring jobs back, because LABOR is too expensive. Why pay someone 20-100$ an hour when you can pay some guy in india 60 cents.

[@cmike123]

@@exoticspells9095 They may build another building here. That doesnt change any of what we are saying. Apple does not build every single part of a phone or computer in the factories they already have. Apple imports the parts and builds the finished product here. They have for decades.

[@exoticspells9095]

@cmike123 is going to be manufacturing Apple Comoany, is only way to avoid paying tariff on apple products

[@kderrusbussey2582]

I honestly think only taxes we should be paying is taxes from stuff we buy

[@pleasegivebackmydumplings7726]

The problem is that no amount of tariffs will ever match income tax. There isn't a tariff amount that will match the amount of revenue earned from income tax

[@mike-uw6wt]

Yep not even close. MAGAs failed 9th grade math.

[@sirbuddysworth]

Do you have any data or a source to back up your claim? Not picking sides here just curious I want to understand why it wouldn’t work.

[@jamespirog6775]

Cutting insanely excessive government spending and tarrifs introduced will get us really close.

[@JoseRamos-sv6cl]

@sirbuddysworth you can just google the amount of imports america comes in and do the math, also any of these studies on the potential impact of the tariffs would answer this for you as well.

[@linkplays2952]

@@sirbuddysworth In this video he said 1.25 trillion of imported goods, that's 20% of our budget. Unless we make 300% tarrifs which would be horrible it wont work

[@kingofkingsboxing1753]

@Grahamstephan the Smott/Holly situation was under completely different circumstances, the comparison is almost apples to oranges in modern times.

[@a47_ftbledits]

Hey graham thanks for the video

[@GrahamStephan]

You got it!

[@J0EFERNY-bq1vo]

1:41 *BEAUTIFUL LADYBUG* 🐞

[@zackolinger]

Significant tariffs don’t work in a global economy. It takes centuries to become a self reliant country. Smaller 10% tariffs can slightly increase competitive markets without screwing over the people buying the products.

[@gusto8069]

Centuries? America did it in like 50. Also we are the "global economy" , the US sets the bar.

[@iamhyrumharris]

@@gusto8069agreed

[@travissizer9578]

Good stuff. Now I'm better informed so I can inform others

[@MrDadyD]

Taxes on consumer goods is a terrible deal for poor and middle class. These groups spend more of their money on consumption (in proportion to their income) then higher income households. This is why for instance VAT or consumption taxes on like food stuffs shouldnt be a thing. Say goodbye to cheap shopping at Walmart or DollarStore. Countries with progressive income taxes generally have better government services (healthcare, schools, public transport etc) with better and cheaper outcomes. That being said. Audits and follow up on how government spending is handled should be a no brainer. What is it now? The 7th or 8th time the Pentagon has failed to do a yearly audit?

[@basicdadstuff6269]

Poor and middle class shouldn’t be buying consumer goods. Just a quick fyi

[@tylerguitar75]

The argument nobody's getting to hear is that tariffs will encourage domestic manufacturing and investment in domestic production, which has been on the decline for about 50 years (or more) as everything has slowly been offshored and sold off to foreign countries. We have been weakened as a country, and if WW3 began tomorrow, we wouldn't have the capacity we had in WW2, with Roosevelt's "arsenal of democracy." So, maybe prices go up in the short term, but in the long term they could save the USA from going the way of the Roman Empire. I think that's pretty important.

[@DarthObscurity]

The Pentagon has never completed even a single audit.

[@tylerguitar75]

@@DarthObscurity yep, but for some reason, OP wants income taxes and bigger government

[@JohnnyArtPavlou]

And we really ought to examine those oil leases on federal lands… That oil belongs to all of us… Are we just giving it away?

[@martitasiete7]

People forget if you make more you get taxed more so you get penalized for making more….. so if you want to buy something everyone pays the same

[@MalefaxTheBlack]

This.

[@jmccOutdoors]

Somehow American Greed would ruin this. The primary reason people purchase good from other countries is because “American Made” products are way overpriced

[@sallyprzybil2404]

The prices of related but untarriffed products will go up also……look at what happened when they tariffed washing machines…not only did the price of washing machines go up..but also the prices of dryers, an untarriffed product, also went up!

[@SmashKing17]

They tariffed washing machines because China was selling cheaper machines. And putting American companies out of business they tariffed China and saved American businesses and jobs and made the market competitive again

[@strategygalactic]

Correct. Then a NEW company will come in, an American company, and make it for cheaper, forcing the other company to either make a better product at the same price they had before, lower their prices, or a comb of both.

[@tanalincia6314]

Except they won't make it cheaper because they'll just use it as a reason to price gouge. Tariffs are nothing but an unmitigated disaster that only an idiot would advocate for.

[@tylerguitar75]

The argument nobody's getting to hear is that tariffs will encourage domestic manufacturing and investment in domestic production, which has been on the decline for about 50 years (or more) as everything has slowly been offshored and sold off to foreign countries. We have been weakened as a country, and if WW3 began tomorrow, we wouldn't have the capacity we had in WW2, with Roosevelt's "arsenal of democracy." So, maybe prices go up in the short term, but in the long term they could save the USA from going the way of the Roman Empire. I think that's pretty important.

[@tanalincia6314]

@tylerguitar75 Except that's just not true. Those jobs are never coming back. Do you realize how expensive it would be to create everything in the US? Companies are NOT incentivized to move production here in the slightest and no tariff is going to fix that because it will STILL be cheaper to produce abroad. They will just keep playing musical chairs internationally to find the lowest production cost possible. What you've said is a false narrative, and choosing to repeat it is either ignorance, or intellectual dishonesty.

[@jasonbennett499]

Imagine a tax system that includes corrupt politicians, buisness owners that make sure they have enough write offs to not pay taxes, and all those working for cash and the drug trade paying taxes! Yeah i would trade 40k in taxes per year for even 8k on the sales side!!!

[@derekrequiem4359]

It's mind boggling to me that there are millions of Americans who think that "tariff on China/Canada/Mexico = China/Canada/Mexico pays the cost 😀" America is about to enter the Find Out era lmaoo

[@xXZero_MindXx]

You do understand that if these companies are paying the tariffs, they will have no choice but to move to US and manufacture. That means China, Canada, Mexico will lose those businesses. What do you think will happen to their economy? An example is, Toyota started manufacturing their cars in the US to avoid the tariffs. Initially, it will raise the prices of the goods but overall, when these products are manufactured here in the US, it'll become cheaper and the most important is it'll create jobs and boost our economy. Y'all act like tariffs is magic and everything will be better instantaneously. It'll take years to see the changes but the seed will be planted. Cut government spending, build new infrastructure, avoid wars, and put Americans first.

[@ahgony]

@@xXZero_MindXx Yeah, except prices will not become cheaper over time because it costs waaaay more to pay someone in the US to do the same jobs people are doing for cheap in other countries. It makes zero sense that the same side crying about inflation supports something that is going to raise prices higher than we've ever seen ... There's no logic in that, if you don't want prices to shoot up even more then you wouldn't be on board with tariffs

[@Dizz21e]

" Everyone is wrong, the data is bad, this time its different" 🤣🤣🤣

[@HomeEngineer-wm5fg]

@10:30 what you get wrong Steven is that our products are already tariffed to high heaven overseas.......so Trumps argument is if our products are tariffed, we can match their tariffs.

[@Its_Bucio]

Even in Mexico there’s black markets for US goods

[@tyler.walker]

He literally just explained why it doesn’t work that way lmao

[@HomeEngineer-wm5fg]

@@tyler.walker Did you imagine video you describe this? Take your pills, he did not explain what you described. Not too late to delete a broken comment. And quit the "lmao" fake posture....its out of place. Nothing is funny here.

[@crw662]

@@tyler.walker When did he explain that?

[@SavasAlper]

I’ve seen plenty of presales over the years, but Alemio stands out for its professionalism and vision. Looking forward to seeing this project grow!

[@MrDernagon]

13:00 estimates say tariffs will increase average US expenses by $2-4k annually. DEAL!!! I pay way more than that in income tax. What exactly is there to discuss?

[@McGuire2778]

That’s exactly my thought. Come tax on average is roughly 20% min of your paycheck. Not sure how that translates to those with above average incomes. I imagine it’s worse. I can’t wait for Elon to put the efficiency hammer down on the Government like he did Twitter.😂😂😂

[@ethanschrader5742]

This isn’t the amount to completely replace income tax… just what is currently proposed. It would take a lot more money from tariffs to replace income tax.

[@pixeldame2126]

It's called the Fair Tax Act of 2023. It's different. It's scary. But it might be the lunge into the future that is needed. If it's done right. But judge for yourself. Look it up.

[@RobertEstala]

Getting screwed doesn’t work 😂

[@robatkins]

@@pixeldame2126 no social security or revenue for any social programs. There’s goes money for education, infrastructure, military, government grants for innovations that the private sector makes. It’s not going to be good for us. The last time the USA created tariffs during the Great Depression made things even worse.

[@virtual240]

Companies forced to pay the tariffs should be forced to pay them and not pass the charge to the Consumer or force the worker to accept lower wages. It's the companies not the consumer to pay these tariffs.

[@Rehzix]

Companies can charge what they want and pay as little as is they are able to their employees. If the companies eat the tariff, then it will be the shareholders who foot the bill. Unless you are thinking that it should be illegal for companies to raise their prices, but that is a slippery slope.

[@NoCluYT]

That won't be allowed in America. You've forgone government intervention and regulation for the sake of "free market". Decades old propaganda has deemed that stuff to be communist and authoritarian. Good luck trying to get that past anyone.

[@NoCluYT]

@@Rehzix Not a slipperly slope for many other countries. The way the people view government in the US vs abroad is wildly different. You simply cannot get away with that in America anymore. Not since Reagan at least.

[@ryanbarthel5352]

@@NoCluYT Well companies in the US have a legal obligation to the shareholder to maximize profits and the government cant dictate what companies can charge. So it's not really realistic in our current form of government.

[@jackskellington9475]

U know no one talks about this but believe it or not the original tax code book is the onky real tax we need to pay everything added from then on to now was never actually voted in legally

[@michellexobelle]

Thanks Graham for laying out the facts! There's a lot of misinformation out there and too many people get their info from one source instead of doing their research. Hate to break it to you all but income taxes are not going anywhere. If these tariffs are implemented, we will be seeing the next great depression.

[@ahgony]

So funny how comments like this are downvoted to the bottom while all the top comments are people saying they'd much rather pay tariffs than have income tax 😂 These people truly just push away reality and stay in their bubble of lies that make them feel like they voted for the right person, can't make this stuff up 😂

[@michellexobelle]

@@ahgony right?! It's crazy to me. It's all the same people calling Graham and Caleb sellouts because they don't tell them what they want to hear like Fox News and NewsMax.

[@Reaper1008]

it wouldn't be just tariffs that will fund the country. He stated that the Federal Income Taxes should be cut.. But there will still be Taxes on everything you buy, Much like now. There is no need to be Taxed twice as we are now... Slightly higher sales tax would be a lot better than being taxed for working, then taxed again for using tat money to buy something..

[@dsc1906]

I thought…..and correct me if I’m wrong……taxes on goods are states sales tax.

[@Reaper1008]

@dsc1906 I don't know. Probably right.

[@Dgnmuse]

😂😂😂😂 goodluck with this pipe dream.

[@NoCluYT]

Sales tax is worse than income tax. It only punishes the poor for having less disposable income. Especially since most of us regardless of class spend a "pretty similar" amount on essential goods regardless of income. A property tax based only on the size of land should the main thing funding the government. Those that own more land will pay more taxes. Those that own more land will also be forced to make use of/improve that land(through business or simply living on it) or simply sell it if that land/property is unused as it will be a waste of their money. This prevents the ultra rich from sitting on many acres of land/homes in order to benefit off the rising value of such land.

[@Chsoxrk]

These tariffs will probably be the final nail in the coffin for family farms in America. Mexico is the largest consumer of American corn and China is the biggest consumer of American soy. Mexico already put restrictions on corn imports last year with plans to expand those restrictions and it wouldn't be a surprise if China does the same with soy. Corporate agriculture will likely be the only ones able to withstand the hit to the grain markets.

[@kingkarma4286]

unintelligent fear mongering.

[@twoowlsregenerativemedia159]

It would be wise for American farms to become much more diverse then just serving global commodities markets... Diversity for economic and ecological stability.

[@La_mera_riata86]

Produce non GMO corn

[@PerfectlyFunctioningAI]

Its even worse than that, who works in corporate agriculture? immigrants... especially all the meat industry. I get it, Americans dont want outside competition in the workforce, but do Americans really want to work these low paying grueling jobs in slaughter factories and meat packing plants? in the fields picking produce for 40+ hours for bellow low wage pay? And this is not even including the construction industry. This will compound with the tariffs, the perfect storm for an economic rescission maybe even depression!

[@Struct.3]

If you're a corn farmer you should go out of business

[@joshford1239]

All of this countries already have tariffs on us.. We just don't tariff them... They can't fully retaliate and again I think anything's worth getting more jobs here because if there's a people shortage then people are worth more just like one there's any kind of shortage.. Right now they know they can replace you easily and that's the way they want it

[@martinsulak6366]

I have a better idea: no income tax, no vat, sale tax, tarrifs. Only property taxes depended on size and use. No tax for a small house with a small garden if owner lives in there. Huge taxes for investment properties.

[@LastManStanding777]

So the people who own investment properties and are barely getting by should get screwed?

[@KurNorock]

No. That's the worst idea I've ever read. Property tax just means you can never own property. It's as anti American as communism.

[@martinsulak6366]

@@LastManStanding777 They can sell if they are barely getting by. It is better to sell now than wait for the crash.

[@et133et]

@@LastManStanding777 If you own an investment property you are way beyond "barely getting by".

[@LastManStanding777]

@martinsulak6366 how about we only have sales tax on things consumers Buy and we leave investors who are the backbone of our economy alone. Maybe stop listening to the left?

[@joedepaul2550]

People who don't learn from history, are doomed to have history to repeat it's self. Find out what happened before income tax.

[@How_to_613]

The most productive time in the US

[@Duma39]

Productive for some yes. With no middle class.

[@robertfrey3880]

⁠income taxes didn’t make the middle classes

[@lototele4787]

@@joedepaul2550 do tell

[@thecrackin-u8p]

Govt just needs more money to waste, corrupt, mispend .....we would actually be fine if these m0rons could actually run the govt properly but alas....anyway I give america max 20 years as a country.....

[@Brinkz12]

You’re being so naive. They’re talking about “annexing” Mexico and Canada. These aren’t a “bargaining tool”.

[@CONTRACTOR_SG3]

Who said that ?

[@donttreadonme123]

Well, good lmao. Manifest destiny

[@therolando608]

@@CONTRACTOR_SG3 Great Leader Trump said he would make Canada and Mexico states.

[@linkplays2952]

There's a large difference between "annexing" and "offering them the option to join the states". Granted there's no way they'd do this but that's not annexing

[@jasonspring2881]

Weather you did or didn't miss anything or even if u gave false information..you did a damn good job at making it sound like u know whats up so just for that sir !! Good job

[@michaeldurham4812]

You left out the part of the story that when Trump created tarrifs on Chinese steel and aluminum, the US companies who make those materials raised the price of theirs to match the cost of importing from China.

[@MackLife87]

SMH just greedy man

[@matthewladd3427]

I feel getting rid of income taxes is totally doable if the government learned how to not waste our money. How is it the rich can pay financial advisors but our government cant? You literally outlined a few issues that seem pretty easy for the government to handle to stop wasting TRILLIONS WITH A FUCKING T! and if places like texas and Nevada can get along without having income taxes why not all states?

[@CamAdams_1]

Yep Trump imposed teriffs in 2018 and it cost us. We import more than China exports when they match our tariffs we lose more than they do. I’m proud of you for not being afraid of backlash for being honest about that.

[@LordRykard9376]

No they didn't.

[@MammothRemovals]

Let’s grow everything here. And keep more of our money! 😊thanks

[@wongthong7]

Everybody wants easy life no taxes and no tariffs just like having cheese cake without going to the gym.

[@gavinbayer2531]

1:20 I like how he says it like he figured it all out and can run the country 😂

[@joerambo4977]

He probably knows more than you and I

[@mosesna3471]

I like how you forgot the great economy we had with Trump in charge even with the old guard trying to impede his efforts. How much more is trump gonna do with the support he has now?

[@bigbluem7]

The Tarrifs plan is supposed to cover no taxes on overtime and tips. Not the whole Income tax

[@manieartis2687]

Why not all three, end the fed/taxes, tariffs, and get rid of government wasteful spending?

[@aphotosyntheticworld]

Do you like roads and schools and police and firefighters and safe to eat food and safe to drink water and well maintained public parks and safe flights and affordable gas and corn products and the myriad of other things you can thank the government and your tax dollars for?

[@manieartis2687]

@aphotosyntheticworld we had raods and schools long before taxes. We don't have safe food now or water. Public parks, safe flights, affordable gas, etc. Can all be paid for by other means like tariffs, selling oil to other countries, making more american made items to sell to other countries and our selves. The government is not something we should want to provide all these things. If we make it a free and open market we can decide who builds/does what with our own money. I don't think it would be easy but I think it would be the right thing to do.

[@et9120]

You clearly have never been anywhere outside the US, to see what roads actually look like when the government does not pay/subsidize their construction. For example, look at rural African countries. ​@@manieartis2687

[@Ladysolitude24]

I don’t mind eliminating the federal income tax. My state pays over 300 billion to the Federal government and doesn’t get that much back from them. Instead it goes to other states so that can’t fund their state programs and balance their budgets because they have no state income tax.

[@theo-avl]

States with no income tax often have higher sales and property taxes.

[@Rayzeo]

I guarantee you have no clue on what you're talking about 😂

[@thedopplereffect00]

Your "state" doesn't pay anything. The wealthier tax payers do. They are free to leave your state.

[@zonk1477]

@@theo-avl Yup they all get it one way or another

[@sigor2011]

You sound lost. States with less income tax often cost more to live it as theh just extract it different way. Just because you don't call it income tax does not mean it is not affecting your wallet.

[@brittdanzer1431]

The fact that people still can’t understand the dynamics of blanket tariffs is sad. There are so many ways where this just ends up in raising costs for consumers.

[@tuleitapii3626]

3:10 that’s because it was the business that created the product, not the country. In his example Mexico is just a place in which the company created the product. The country of Mexico did not create the product, which is why the country of Mexico is not being taxed.

[@rico2207]

For sure..defund IRS..AI can do all the work..No more IRS lawyers or Representatives..Reduce government..Use those agents in the USCIS...office..

[@ArnionDeVoluptas]

This feels like an impossible task. You can't eliminate greed, so the only thing to take money from (if not politicians/lobbiest pockets) are generally useful programs and services. Plus constantly yelling "less government spending!" Only drives us further away from a half decent universal healthcare system, which EVERYONE seems to want granted to response to the UHC CEO incident

[@thecrackin-u8p]

We are $37 trillion in debt, yearly deficit of a trillion, withoutMAJOR changes we wont even be abke to afford JUST THE interest on past debt in 15 or 20 years 😂, our rating with collapse, dollar collapse.....we would have to fix so much before that was EVEN a possibility.....btw you sure you want OUR govt to handle that ...have you learned NOTHING? So many would die and suffer if our govt was in control....

[@RedGreene]

I mean we do clearly need less government spending, and I definitely don't think it's impossible to make massive reductions without touching vital programs. You make a good point though.

[@ArnionDeVoluptas]

@@thecrackin-u8p I don't think you understand how the deficit works

[@mikeb2586]

Let me guess.....mail order economics degree?

[@YouTubeBloopers]

So we end up buying American goods, pay less taxes AND come out ahead paying less overall ?What’s not to like?

[@knova7597]

Honestly I like the idea that people think they’re going to be getting cheaper items and or the us will become completely self sufficient via the tariffs. Tariffs are just a government imposed tax and the corporations that produce overseas won’t feel a pinch unless china or X country decides to stop buying American or reduces American imports..

[@tylerguitar75]

Nobody thinks that. Everywhere you read it's "tariffs will make things cost more." The argument nobody's getting to hear is that tariffs will encourage domestic manufacturing and investment in domestic production, which has been on the decline for about 50 years (or more) as everything has slowly been offshored and sold off to foreign countries. We have been weakened as a country, and if WW3 began tomorrow, we wouldn't have the capacity we had in WW2, with Roosevelt's "arsenal of democracy."

[@phinsup49]

@@tylerguitar75remember when Trump did this with China his first term and bankrupt the agriculture industry and had to bail them out? What will change this time? Because he wants to make them higher than he did the first time.

[@raltzei8120]

If I were a manufacturer business owner I probably still wouldn’t place factories in America even with imported tax. Cost of labor is higher than the tariffs and even if it I did place factories in America I’m still jacking the price up to naturally meet the tariffs and to make up for the cost of American labor plus the cost of resources America doesn’t have which are also probably going to be tariffed because it’s blanket tariff on all goods, not just targeted goods which are objectively better than slapping 25% across the board. Even if you took away the minimum wage, markets will still dictate what workers want in wage. People are expected to be paid a certain amount and it’s often more than Chinese or Bangladeshi workers and laborers.

[@ryanbarthel5352]

@@tylerguitar75 If the US had a production based economy, you would be correct. However, we have a service based economy, so you are incorrect and tariffs only work to increase inflation.

[@tylerguitar75]

@@raltzei8120 there are waaaay more factors than what you mentioned and it's been many decades in the making. Regulations need to be cut and simplified. Overhead reduced. Work needs to be legalized, basically. We were the manufacturing leader of the world in the 1940's and that's how we won WW2. Google "Arsenal of Democracy" and you will see what I'm saying. If we continue on this path, we are screwed.

[@dustingre8]

The reality is anyone that thinks getting rid of income tax is just wishful thinking needs to quit using or believing legacy media talking points. It’s why half our country doesn’t know up from down anymore.

[@hernantuquero5969]

And where do you think government should get the money, from Santa Clause? The reason why we need to get the jobs back here is to generate more income tax so we can generate enough money for building roads (and other essential infrastructure and other government programs.

[@404-UsernameNotFound]

14:24 the only truthful thing in this video

[@Matthew-we3ir]

Lmao

[@phylthamendment]

BINGO!

[@rosssymphony6098]

Lmao