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Price Gougers Are Exploiting Trump’s Tariffs
(jacobin.com)
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this post was submitted on 22 Apr 2025
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I was reading an article talking about how the people most-severely being taxed by the tariffs are relatively poor. First, tariffs are a regressive tax anyway
it's a tax roughly linked to consumption. Consumption taxes are regressive anyway, and I've talked about that.
https://en.wikipedia.org/wiki/Consumption_tax
But secondly, what the article was pointing out was that it'll hit inexpensive household goods out of China, stuff like clothing and whatnot, and the people who get whacked by that the hardest are people buying inexpensive everyday items.
It's kind of amazing, actually. West Virginia was the most pro-Trump state in the elections. But they have the highest rate of Medicaid dependence, something that will take a hit, and then they're going to take a clobbering from tariffs on inexpensive items. The tax cuts that Trump's passing that all this is paying for are principally for the wealthy, aren't going to be very helpful for them.