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Kimberly Clausing
kclausing.bsky.social
did:plc:acyqnbciik64lfpxx7yabuxd
(6/8) In terms of progressivity, tariffs are far less progressive than the income tax; they harm poor and middle-class Americans more than rich Americans for the simple reason that they fall on consumption, not savings, and savings rates increase with income.
2025-09-24T17:34:13.080Z