Posted on 09/28/2015 7:43:39 AM PDT by SeekAndFind
Wealthy to Trump is a lot different than what the democrats call wealthy. Democrats think middle class income is wealthy.
They can’t help themselves I guess.
Anyhow if this is any thing like the proposals that have come from Trump in the past, his idea of soaking the rich will look like a 50% tax rate cut compared to what they are paying today. Not as “fair” as flat tax but still overall more merciful to the economy. He’s apparently counting on aggressive Laffer Curve effects to allow the economy to boom and make up (or even more than make up) what would be foregone by lower tax rates.
I would never say never when it comes to Donald and capitalistic ideas.
And if he can't?
If he raises Tariffs in response to trade deficits, the treasury will see a huge increase from the tariffs.
Which will be a large tax increase on U.S. consumers.
RE: Looks like Hotair has its Anti Trump soldiers on this site.
If you bothered to read the Hotair post, they are simply QUOTING what Trump said in the 60 minutes interview. A huge portion of the article copied from the TRANSCRIPTS of the interview itself.
If that looks like Anti-Trump, then maybe we ought to ask ourselves what Trump really stands for when it comes to taxes.
Markets adapt if given half a chance.
The golden goose has been dying the death of a thousand cuts, to shamelessly mix metaphors.
Thanks, Danny, for simplifying that for others to understand ;-)
And Trump would have that red side have at least a symbolic amount of skin in the game.
Based on the above chart, I would guess that Trump is arguing that Hedge Fund managers (because of the clever way they manipulate their finances) belong on the red side of the pie?
Correct me if I am wrong.
He can. He will need the US trade commision and/or Congress's cooperation, but he will be able to get that.
Which will be a large tax increase on U.S. consumers.
Our founding fathers viewed tariffs as a tax on foreigners wanting to sell into our market.
The current price of the cheap imports don't include the taxes that domestic producers pay, the cost of supporting unemployed Americans or the opportunity cost of having those Americans employed and paying taxes and spending their earnings into our economy.
Wealthy to Trump is a lot different than what the democrats call wealthy. Democrats think middle class income is wealthy.
So true.
The Donald is gradually exposing himself for the noncon he truly is. This is a good thing.
He'll need private industry to create the jobs, won't he?
Our founding fathers viewed tariffs as a tax on foreigners wanting to sell into our market.
It may be a tax on the foreigner but it will be passed on to the domestic consumer.
The current price of the cheap imports don't include the taxes that domestic producers pay, the cost of supporting unemployed Americans or the opportunity cost of having those Americans employed and paying taxes and spending their earnings into our economy.
So your solution is to slap on a tariff to make up for that and increase the price everyone pays for imported goods. As a consumer I'm not sure I'm thrilled with that.
Conservatives should consider someone other than a blowhard, limousine liberal.
I’ve been gone a while. When I logged back in and read the Trump hysteria, I thought I’d logged into the wrong site. This isn’t the FR of old, where supporting someone like…say Giuliani…would get you zotted.
SOME QUESTIONS FOR TRUMP:
* How will increase tariffs on foreign made goods affect consumer prices in the United States?
* A huge attraction of companies moving manufacturing overseas are the following: NO UNIONS, FEW REGULATIONS, LOW TAXES, ALMOST NO MINIMUM WAGE, NO HEALTHCARE REGULATIONS, REASONABLE POLLUTION STANDARDS, etc.
What makes Trump think that by simply increasing tariffs, companies are then going to rush back and ignore those factors?
Incentives.
“and we took in a lot of money under that”
So that’s what you want. Lots of money to D.C.? Whatever happened to cutting back the government?
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