All Episodes

April 4, 2025 19 mins
Trump's regressive tax plan kicks in and the economy falls off a cliff. One country strangely was spared the tariffs.  More at dogmadebate.com
Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
I'm Neil de grass Tyson. Hey, I'm Adam Caralah Gillette.
Not only listening, I'm a guest, I'm a teller, and
I am the fourth listener. And I am the fourth listener,
and that must make me at least the fourth listener.
It's Dogma Debate with your host Michael Riggilio. For extra

(00:20):
content and to join the conversation, please head over to
Dogma Debate dot com and join our Patreon. Hey Conservatives,
Michael Virgilio, Dogma Debate here. I was just wondering, do
you remember this thing called the Iraq War. Yeah, it
was like twenty years ago. You might remember this. George W.

(00:43):
Bush said he was going to invade Iraq, and the
entire world with like one unified voice was like, don't
do it. Terrible idea, You're totally gonna regret it. And
Republicans were like, nah, forget it, we're gonna do it anyway.
And then like twenty years later you're all like literally
all of you have re Republican I know is like

(01:03):
that was a terrible idea. Wow, probably shouldn't have done that. Hmm.
If only we knew then what we totally knew then, well,
you're doing it again with these tariffs, entire world with
one voice, don't do it. It's a terrible idea, starting

(01:27):
a global trade war. It's gonna be no winners in
this one. And you're like, yeah, what the hecks roll
the dice on this crazy idea. And so far, I
mean it were only twenty four hours into it, but
you know, the stock market's fallen off a cliff. The
world stock market has fallen off a cliff. Asian markets

(01:48):
just opened. It's Thursday night as I record this, and
the Asian markets have just opened. They are down, down, down,
as the US markets were all day to day. So
you're doing it again. And I'm just curious if maybe
just this once, just this once, would you try try
and learn from past mistakes. No, okay, well here we go.

(02:12):
So that's all anyone's talking about our tariffs, tariffs, tarff's
tariff's tariff tarff. So let's rather than hit the tariffs
from the same angles that we've all seen all day
on all the news channels, let's talk about them from
a slightly different angle. And that is the idea of
the repressive tax versus the progressive tax. Tariffs are regressive

(02:33):
and income tax, which Donald Trump has besmirched, is progressive.
So Trump has said many times, we used to make
all our money off of tariffs. We used to before
we implemented the income tax. We made all our money
off of tariffs. In fact, he even said one thing
I saw him today. He said, we had so much money,

(02:55):
we didn't know what to do with it. Hmmm. I
don't know how I missed that particular chapter in American
history when we had so much money we didn't know
what to do with it. We were baking it into
pies and eating it. I don't think that ever happened.
But yeah, So this is basically Republicans once again looking

(03:18):
out for the rich and sticking it to the middle
class and the poor. And why do I say that,
Because tariffs are attacks. We know this. We've discussed this
a thousand times on the show. Other countries don't pay
the tariffs. We pay the tariffs. So when you raise
the price of goods poorer people and middle class people

(03:40):
who are struggling to survive, that becomes more difficult for
them to survive. It's harder for them to buy these
goods and services, whereas rich people it's easier for them.
In fact, it's easy for them. The cost of eggs.
You know who never complains about the cost of eggs.
Rich people, they don't care. Even dollars a carton that's

(04:01):
nothing to a person that's got five million dollars in
the bank. Eleven dollars a carton, that's a lot to
somebody that's got five hundred dollars in the bank. So
that's why we implemented the progressive income tax. And we've
talked about this many times before, but it bears repeating.
We all pay the same taxes. Everybody pays the same taxes.

(04:23):
I know. The way Sean Hannity and Fox News tries
to portray it is that the rich people are paying.
You know, the top tax rate in America right now
is thirty seven percent. Thirty seven percent of their income
is going to taxes. That's not true. Everybody pays the
exact same amount of taxes on the first forty thousand
dollars they earn, and then everybody pays the same amount

(04:45):
of taxes on the first eighty thousand dollars that they're paying,
and that the top tax rates don't kick in in
America right now, it's over six hundred thousand dollars for
a single earner, seven hundred and thirty one thousand dollars
for a married couple filing jointly. That it's so, let's
say it's the married couple. They it's seven hundred and

(05:06):
thirty one thousand dollars. So it's on the seven hundred
and thirty second thousandth dollar they earn that that tax
rate kicks in. You're not paying it on all of
your income from that year, only on the amount over
the amount at which you hit the top tier. Sorry,
Sean Hannity. And it's always galling. Oh my god, there's
that word again. I am in a state of gall

(05:28):
What are you going to do? It's always galling that
a multi multi millionaire like Sean Hannity gets on TV
every night and bemoans the high tax rates for millionaires
and tries to get middle class Americans and blue collar
workers to get upset about his damn tax rate. So

(05:52):
tariffs are a regressive tax. They are going to disproportionately
affect the middle class and the poor. Now Trump seems
to be saying something in all of his little speeches
about this where he's like, we used to have make
so much money, so much money off of tariffs before

(06:14):
the income tax, income tax, income tax. This is a
Republican wet dream. Are they really going after the income tax?
I mean they've gutted the RS, including the division that
of the IRS that specifically audits ultra wealthy earners completely
got it, making it much easier for rich people to

(06:38):
evade taxes. Did they get the part of the IRS
that audits ultra middle class earners? So they may well
be coming after income tax altogether. So what particularly, Oh

(07:02):
my god, am I really going to say they we're
gulls again? Don't do it. Don't do it with Julio.
What particularly upsets me is, once again with Donald Trump,
just how damn lazy this tariff rollout has been. Just
like with the January sixth pardons, where they're like, why

(07:24):
did you pardon these people who were violent? The guy
that sprayed bear spray into the face of a cop,
the guy that shoved a taser into the neck of
a cop. Why did you pardon them too? And he
basically said, do you have much paperwork? It would have
been how hard it would have been to go through
all the damn people that had been arrested for January

(07:44):
six and just pick out the no just one blanket,
one blanket signature for all of them in January six.
Don't get me started in January sixth. This is one
thing I always think about with January six where Trump
supporters are so quick to go he said go peacefully
and patriotically to the Capitol. It's like, then, why did
he pardon the people who ignored him that made him

(08:08):
look bad? If he said go peacefully and patriotically, wouldn't
he be angry at the people that were like, screw
you Trump, forget this piece. Well and patriotic, you're none
of it? Adds Okay, that's it once again, it's the laziness.
Why is it that in addition to all the countries

(08:28):
that he's adding tariffs to, and we'll get to the
ones that he didn't add tariffs to, that he didn't
implement tariffs for, you won't be surprised by them. Comrades
that said he we now have tariffs against the Hurd Islands,

(08:49):
We now have tariffs against McDonald Islands. Well, I want
to know why that's weird that there's a ten percent
tariff coming uh for all products coming off of the
Herd Islands and the McDonald Islands. They're unpopulated, No one
lives there. The CIA World Factbook describes the uninhabited islands

(09:15):
listed as a UNESCO World Heritage Site as eighty percent
ice covered and bleak, and they have a population of
zero people and they export zero dollars in goods and services.

(09:36):
In fact, economic activity there essentially ended in eighteen seventy
seven when the trade an elephant seal oil was ended
and human populations and the human population of sealers left
the remote islands. Did they just take a world Atlas
and just write down the name of every country and

(09:59):
territory ten percent to you or you know, in some
cases more than ten percent. Now we're going to get
into whatever the weird math that uh Trump used to
do these reciprocal tariffs for countries that really weren't there
were no tariffs. It's kind of a lie that these

(10:21):
are reciprocal tariffs. But I'm just gonna go ahead and
mention it. Of course he left out Vladimir Putin's Russia.
Now you can say, well, we're not really importing anything.
There's already sanctions against them. What we're not importing anything?
From the hurt Islands. All roads lead back to putin.

(10:48):
Why why I'm tired of yelling? Why I know why
I suspect why. So let's look at the reciprocal tarffs
and why they are actually not reciprocal.

Speaker 2 (11:06):
So if you look at that China first row, China
sixty seven percent, that's tariffs charged to the USA, including
currency manipulation and trade barriers. So sixty seven percent, I
think you can, for the most part see it those
with good eyes with bad eyes. We didn't want to

(11:26):
bring it's very windy out here. We didn't want to
bring out the big charts because it had no chance
of standing. Fortunately we came armed with a little smaller chart.
So sixty seven percent. So we're going to be charging
a discounted reciprocal tariff of thirty four percent.

Speaker 1 (11:42):
I think.

Speaker 2 (11:43):
In other words, they charge us, we charge them, we
charge them less. So how can anybody be upset? They
will be because we never charged anybody anything, but now
we're going to charge.

Speaker 1 (11:53):
Okay, so right there off the bat, what is he
talking about? China has sixty seven percent tariffs on us,
he says, including you know, currency manipulation. But many people
have looked into this and nobody can find anything even

(12:18):
approaching these tariffs from other countries. They just don't exist.
So what was the calculation that he used. Well, turns
out it had nothing to do with tariffs whatsoever. So
here is what economic analysis has. Because the Trump administration

(12:43):
wouldn't actually release any data on this on how they
came up with this calculation, others have looked at it.
Where did he come up with that sixty seven percent?
So America's trade deficit with China in twenty twenty four
was two hundred and ninety five point four billion, and
the United States imported four hundred thirty nine point nine
billion worth of Chinese goods. That means China's trade surplus

(13:05):
with the United States was sixty seven percent of the
value of its exports. That's it. That's not a tariff
at all. That's just trade. So what do we think
we're going to achieve with these tariffs? That is, Donald

(13:29):
Trump says it's going to bring manufacturing back to the
United States by making foreign products more expensive. It opens
the market up to domestic manufacturers. But here's the problem.
A lot of this stuff isn't made in the United
States of America. So now a US company would have

(13:50):
to say, okay, well, now that there's an opportunity for
us to make this product cheaper and be more competitive
in the American marketplace, we should do this. But you
need consistency, You need to know that those tariffs are
going to be in place for years in order for

(14:11):
you to get into the game, get it up and running,
and start going with it. And if there's one thing
we know about Trump, it's he's finicky that the tariff
that he implemented for Canada and Mexico, he implemented them,
that he took them away. He implemented them, he took
them away. So why would any manufacturer, before they put

(14:33):
up the capitol to start manufacturing goods in America be
confident that these tariffs he's putting on foreign countries and
the goods coming in will stay in place for any
amount of time, particularly the amount of time it would
take to get up and running. They won't. So this
is just a increase in the cost of everything. When

(14:58):
Donald Trump said he's going to lower the cross of
groceries on day one, I think what he should have
said is the cost of groceries on my day one
is as low as they're going to ever be for
four years. So I started this episode by saying that
Republicans are all going to get behind the tariffs. But
that's not quite true. So let me just play you

(15:21):
what one of the most conservative Senators Ran Paul had
to say about tariffs just today, and maybe, just maybe
he can help change some minds in the White House.

Speaker 3 (15:37):
I have yet to have a business from Kentucky come
to me in sade want tariffs. Bourbon industry he thinks
it'll be hard. Retaliatory tariffs will hurt them. Farmers think
rigelitary tariffs will hurt them. Automobile industry thinks steel eluminum
the tariffs will hurt them. Homebuilders think home prices will
be our with lumber retaliatory or tariff's on lumber from Canada.

(16:02):
Steel teriffs. We get a lot of steel from Canada
as well. Average spice of cars going up nine ten
thousand dollars. You see, immediately there was a retreat on
cars because the stock market was one, Oh my God,
is going to devastate the car industry. We have transports
ups DHL in my state. All the people who were

(16:22):
involved with business in my state now one of them
is hugging and said, please put tariffs on our help us.
Almost every industry in Kentucky's comed me in said it
will hurt our industry and push out prices of homes, cars,
And so I'm going to continue to argue against tariff
and I hope they'll not go in place, and I
hope they won't off through a second. But already you're

(16:43):
talking about exemptions because even if people do it, them
acknowledge that there are real problems there.

Speaker 1 (16:50):
Well, that sounds like just about everybody's coming to Ram
Paul and saying, don't do it. And that's the case
with all senators, all representatives, all government officials, all industries
coming to them and saying, don't do this. So who's
saying do it? Who benefits if America falls? Who benefits

(17:12):
if America falls apart? I'm sorry, I can't help it.
The guy that didn't get tariffs, the country that didn't
get tariffs. If the herd Islands got tariffs and nobody
lives there and they don't export anything, why didn't Russia.

(17:42):
I just it's a question. I'm just going to keep asking.
It's just I'll stop asking the question when all roads
stop leading to Putin. It's just so weird. Uninhabited islands
are being charged tariffs, not Russia. He won't touch Russia,

(18:06):
won't touch Putin. We'll have the full weekly breakdown with
Travis coming out later todate. I have a debate with
a legit street preacher who goes in stands on street

(18:28):
corners and college campuses and has already told me I'm
going to Hell. I'm recording that this weekend. Look for
that next week. I have a gentleman, an American gentleman
living in Germany who is going to argue against the

(18:50):
two party system that's happening this weekend. Look for that
next week. And whatever the heckld Trump bulls next week,
we'll be talking about that too. So I'll see you
guys later today with the weekly roundup
Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.