Adrain99,thanks for the post detailing Trumps tax reforms they sound like very sound economics, dont expect many on here to read them or address the benefits though
But Fox News says that cutting taxes always increases revenue. I think it's just sound thinking and I'm so confident in it that I'm going to stop working and just sit back and watch the cash roll in!I've read them. Isn't it nice that he's going to give the average household a $1,000 income tax cut to go with the $3 million+ one he wants to award himself? Brilliant that he can cut income tax and corporation tax without in fact taking in any less tax as well. Real 2+1=10 economics there.
I've read them. Isn't it nice that he's going to give the average household a $1,000 income tax cut to go with the $3 million+ one he wants to award himself? Brilliant that he can cut income tax and corporation tax without in fact taking in any less tax as well. Real 2+1=10 economics there.
Obviously, there is a line somewhere in the middle but nobody can be certain where that is
It's not in giving the richest members of society a 50% tax cut.
It is if you attract the same number of 'the richest members of society' to your country because of it (or stop them leaving).
Note, I don't necessarily think Trump's right - I don't have nearly enough information to make that judgement. However, the idea that lower taxes will always lead to a lower tax take and higher taxes will lead to a higher tax take is false.
What Trump wants to do is cut tax revenue by 25% without cutting spending and hoping the expected stimulus to the economy will fill the gap, along with raising tariffs on imports and expecting other countries not to reciprocate. It's all pure fantasy and would cripple the USA if he were allowed to implement his ideas. Well done in finding one daft economist who agrees with him. No-one else does.Growth, returning jobs and revenues is a huge part of the plan as is the cut in Corporation tax. Trump has consistently talked of jobs and business returning to the US creating growth and greater tax revenues, reducing US taxes has in the past also lead to growth. The guy I heard talking positively about Trumps tax plan was Lawrence Kudlow, who knows your source may prove right but something different has to be tried how much worse can it be than what the great leftist hope Obama has achieved, how much has US national debt grown under him? I do expect that Trumps plan will be bad for all outside the US but why should he care about us.
He claims he is worth 10 billion , every other credible source claims about 4 billion. He was left a sum somewhere between 50 and 200m in the early 70's and given more when his father was alive. A decent indexed fund at the higher end would be worth 8 billion today? So is he successful or is he just the rich son of a slum Lord who managed to maintain that wealth?Trump is worth $10 billion he must be really stupid, if his numbers were not right the leftist media would have been all over them. Racist you say care to give an example rather than just throw out the word. War monger? Where and how so? Typical leftist rubbish the very reason so many the protesters when asked can not give a single reason why they are there, other than the words you use, when asked for examples silence follows.
Honestly why not Go and join ISIS you will find they share many of your values and your hate of western liberal values . You may not get back in if you don't like it but you probably will! The definition of weakness is selling out what you believe in and jumping on to share the values of your enemy because you are so afraid. Your post is far more Quisling than Churchill.So you think we should play be the rules with terrorists, terrorists who walk into airports and explode bombs killing innocent people. Do you think we played by the rules when we fought WW2 or are you one of these apologists against area bombing, a policy aimed to dehouse the civilian population of Germany and not taking prisoners on D Day? Many of us do not and are sick of being held back by liberal rules, whatever it takes to defeat ISIS and Islamic terror is OK by me including carpet bombing in Syria & Iraq, waterboarding and worse of suspects to gain information and yes killing family members too. Fighting a war by the rules when your enemy does not is just pure stupidity. Your view is the very reason the west is no longer respected, ISIS know too many of our people are weak and spineless and as a result can be beaten, our leaders can not even say the words Islamic State or Islamic terrorism. Your Trump item is from before he entered the race, as a businessman he was doing what everyone else was doing producing in the lowest cost country to be competitive. It is this low cost of production aided by currency manipulation and export subsidies that is exporting US jobs to China and that Trump now seeks to address.
It is comical but he never intends to win and knows he will never be tested - overall he is gambling on whether his voters are quite as stupid as he thinks they areWhat Trump wants to do is cut tax revenue by 25% without cutting spending and hoping the expected stimulus to the economy will fill the gap, along with raising tariffs on imports and expecting other countries not to reciprocate. It's all pure fantasy and would cripple the USA if he were allowed to implement his ideas. Well done in finding one daft economist who agrees with him. No-one else does.