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Hooray!
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this post was submitted on 27 Jul 2026
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A Boring Dystopia
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It's actually even worse than just taxpayers paying businesses: Since the US doesn't have the tax revenue to pay the businesses, it will need to take out more debt to pay them. So the taxpayers will not only pay the businesses, but they will also pay interest. (That is, if you believe that the US will be able to stabilize its debt before defaulting. At the rate we're going, with the looter class taking US government funds, the US will end up defaulting before taxpayers have a chance to pay down the debt. To be clear, a default would be far more painful than the austerity required to stabilize the debt.)
Forgive me for not understanding as I'm not from the US, but what happened to the funds from the collected tariffs?
They go to Trump's sovereign wealth fund which he uses to give his allies cushy government contracts.
Do you have a source where I could read more about this? I tried looking all of this up and the only articles I found contradict the original comment about taking loans to repay tariffs and that putting tariff revenue into a sovereign wealth fund was proposed but never happened.
Edit: further reading shows neither is factual.
Probably spent on ICE