Published on Jul 7, 2018
Good morning, I’m still reporting on: Can Trump End Income Taxes?, 2309
Synopsis: This morning Neil Kavuto was asking Jonas Max Ferris about the potential severity of the so-called mini-trade war.
Then Jonas offered an incredible observation that must be going around in the upper stratosphere of the New York financial world, and it made me jump out of my chair to be sure I was recording this.
President Trump may be contemplating a gradual transformation into a new system of taxation that would guarantee that he went down in history as one of the greatest American presidents.
Listen closely to this: [insert] What he said was that we may be moving towards a populist/nationalist tax policy were you only tax people in hidden ways, whether it is a value-added tax and/or tariffs and we move away from income taxes, and this can be permanent.