Mike KoenigsAi Accelerator and Superpower Accelerator

A New Tax Plan? Funding the US Through Global Trade, Not Income Tax #shorts

Name: A New Tax Plan? Funding the US Through Global Trade, Not Income Tax #shorts
Uploaded: 2025-04-24T06:00:34+00:00
Duration: 42 s
Channel: Mike Koenigs
Description: Short YouTube #shorts by Mike Koenigs (uploaded April 24, 2025) proposing creation of an "External Revenue Service" that would fund the U.S. government…

24 Apr 2025 · 1 min

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0:42

Short YouTube #shorts by Mike Koenigs (uploaded April 24, 2025) proposing creation of an "External Revenue Service" that would fund the U.S. government through trade/tariffs rather than (or in addition to) income tax. The speaker says the goal is to eliminate income tax, or failing that replace it with a flat corporate tax (example given: 15%), and to treat tariffs as "external tax money" to finance government operations.

Questions this video answers

The "External Revenue Service".

A flat corporate tax of "something like 15%" (speaker's example).

Count all tariffs as "external tax money" to pay for the U.S. government rather than relying on income tax from individuals and companies.

Chapters

We're now going to establish another department, which was called the External Revenue Service. We want to use our trade relations with other countries in the world to provide the money for financing the US Government. If possible, we'd like to eliminate income tax, but if not possible, we'll drop it down to flat tax, something like 15% corporate. So there you have the three things we have. The tariffs we have if you want to move stuff into the United States. But if you didn't, all the tariffs will be counted as external tax money now, and that'll pay for the US Government rather than individual Americans, companies and individuals paying the income tax.