Did you catch this bombshell? Word is the administration's floating a radical plan: scrap income taxes entirely and flip to tariff-based revenue. We're talking a complete overhaul of how the government funds itself—all through import duties on foreign products. If this actually moves forward, the ripple effects on markets could be wild. Worth keeping on your radar.

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DeFi_Dad_Jokes

· 11-30 21:07

Uh... directly replacing income tax with tariffs? You must be really sharp to think of that.

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AirdropHunterXM

· 11-28 05:51

Tariff replacement of income tax? Isn't this suicide? The rhythm is that imported goods will rise in price.

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DaoResearcher

· 11-28 05:44

According to the tax governance mechanism in the White Paper, this set of schemes actually has multiple solutions in game equilibrium— the key question is who decides the specific rate of the tariff? If power is highly centralized, then isn't that just returning to the centralization dilemma, contradicting the principle of token-weighted voting in a DAO? It is worth noting that on-chain data has long proven that a single source of income is extremely vulnerable in a high fluctuation market; this guy probably hasn't read Minsky's papers. Hmm... isn't this just shifting the power of taxation from individual income tax to tariffs? Essentially, it is still rent-seeking, a political economy argument that changes the soup but not the medicine. If the assumption holds, the subsequent increase in Supply Chain costs will ultimately be passed on to consumers—who will bear this externality? The incentives are incompatible, everyone. Here we go again, another attempt to solve complex system problems through a single mechanism. It looks very radical but is actually very naive.

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TokenomicsTinfoilHat

· 11-28 05:26

If this policy is really implemented, the prices of domestic products will skyrocket... consumers are going to be devastated.

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LayerZeroEnjoyer