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RE: LeoThread 2025-02-09 18:51

in LeoFinancelast month

Part 2/8:

As the conversation unfolded, Moore acknowledged his historical opposition to tariffs, describing them as a consumption tax that disproportionately burdens consumers. However, he expressed a willingness to explore the proposed tariff structure under Trump's administration. According to Moore, the idea is to impose a 15% tax on foreign-made goods, while encouraging American production by keeping domestic goods at the same tax rate. This strategy aims to skew consumer preferences toward American-made products and stimulate domestic manufacturing by making foreign products comparatively more expensive.

The Concept of a Flat Tax Rate