Member-only story

Zero Income Tax for US Citizens , Trump said

Ajay Kumar
4 min readOct 27, 2024

In a recent podcast with Joe Rogan , Trump shared his idea of achieving zero income tax for citizens of United States and increasing more tariffs on imports

This Decision will Shake entire Global Trade and Worst for all countries

The idea is bold, ambitious, and bound to have global ripples, especially for economies heavily tied to U.S. trade, like India. Here’s a look at how this economic shake-up could play out, and why it might not be the “win-win” it seems on the surface.

The U.S. Consumer: Feeling the Pinch?

For American consumers, this move could be a double-edged sword. Import tariffs translate to higher prices on goods ranging from electronics and clothing to everyday groceries. If every imported item carries a substantial tariff, the cost of living in the U.S. could soar.

Imagine a world where your favorite gadget or fashion item costs 30% more because it’s imported — and that could be the reality. Economists warn this could drive inflation, making everyday goods costlier and creating strain on American households…

--

--

Ajay Kumar
Ajay Kumar

Written by Ajay Kumar

Founder & CEO , Coinshell || Author || Life Coach I'm an Entrepreneur by Profession and Writer by Passion .

No responses yet