A tariff across the board is same as a sales tax (rather a value added tax, as it is dependent on the value of goods).
I would love to understand why you think it is punitive for the ultra rich.
I would love to understand why you think it is punitive for the ultra rich.
value added taxes are paid on the profit made on the good, and are paid by the seller (because the buyer doesn't know what the profit is). value added taxes are basically corporate income taxes