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Record Tariffs, Record Deficits: The Fantasy of Eliminating Income Taxes

EPISODE · Dec 2, 2025 · 7 MIN

Record Tariffs, Record Deficits: The Fantasy of Eliminating Income Taxes

from Watchdog on Wall Street with Chris Markowski · host Finance, Investing, & Markets

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Tariffs bringing in “hundreds of billions” sounds impressive—until you compare it to trillion-dollar interest payments and the size of the modern federal government. This episode calls out the magical thinking behind claims that income taxes can be eliminated, and explains why comparing today’s America to the pre-income-tax era is economic nonsense.

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Record Tariffs, Record Deficits: The Fantasy of Eliminating Income Taxes

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