Renowned hedge fund manager and founder of Hayman Capital Management, Kyle Bass expressed skepticism over former President Donald Trump‘s proposal to replace income tax with import tariffs. What Happened: On Friday, during CNBC’s “Last Call,” Bass shared that Trump’s proposal is not going to work out since the gap between the total volume of imports in the U.S. and the revenue from taxes is huge. “Total volume of imports in the United States, last year, was $3.8 trillion. U.S. tax revenue last year was about $4.4 trillion. So even if you put a 100% tariff on everything that we import, we would…
