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More reasons to vote for Trump


               
2015 Aug 4, 11:21am   30,017 views  75 comments

by zzyzzx   follow (9)  

http://www.investopedia.com/articles/investing/080415/america-donald-trump-president.asp

An End to Free Trade

Perhaps no single proposal by Donald Trump is as striking and antiquated as his strategy to keep American jobs from being "taken away" by foreign countries, such as Mexico and China.

Trump doesn't consider international trade to be a win-win proposition as do most modern economists. Instead, Trump believes that trade wars have clear winners and losers, and that currencies and trade restrictions must be used to ensure victory.

At various times throughout his campaign, Trump has pledged to put in place a 20% tariff on all imported goods. He told an audience that he would have told the CEO of Ford Motor Co. that he would have the government impose a 35% tariff on all Ford products if a Ford motor plant was shut down in Detroit and moved to Mexico. He has said that he would even impose a Chinese-specific tariff to offset the effects of Chinese currency manipulation.

Five-Point Tax Plan

Along with his 20% tariff on imported goods, Trump also wants to impose an additional 20% tax on companies that hire foreign workers.

The fifth part of the five-point plan is a simplified tax code with the following brackets: 1% tax on the first $30,000 in income, 5% tax on all income between $30,000 and $100,000, 10% tax on all income between $100,000 and $1 million, and a 15% rate on all income above $1 million.

Foreign Policy

Trump projects a hardline stance on illegal immigration, turmoil in the Middle East, and negotiations with China, Russia and Iran.

President Trump would push to build a physical wall on the border with Mexico. He proposed sending Exxon Mobil to Iraq to "take back the oil" to starve ISIS. However, he refuses to say whether he'd commit more American troops overseas.

#politics

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1   Tenpoundbass   @   2015 Aug 4, 11:55am  

I wish he would have kept his mouth shut until he got to the debates then hit those bozos with them then.
Now they are all going to get their Monkeys to out See, and out Do, Donald's hairdo.

He robbed us of seeing the GOP field drop to their knees with a punch in the Gut.
They are still brainwashed by the Libs and are prepared to do battle over cheesy social issues, Donald's issues would have been out of their league, if they were prepared to talk about abortion issues, the church's fight with the gay community, and getting trapped by the baited race traps the left has created. The GOP for the last 7 years have been trying to figure out on how to best out Social media the Libs with Social crapolla, and there goes Donald walking right past them with the argument right where it was left off before the Libs hijacked it. Right on point with all of the right words the GOP has been too afraid to say.

Sounds like he's saying everything I wish I said.

2   bob2356   @   2015 Aug 4, 12:52pm  

zzyzzx says

The fifth part of the five-point plan is a simplified tax code with the following brackets: 1% tax on the first $30,000 in income, 5% tax on all income between $30,000 and $100,000, 10% tax on all income between $100,000 and $1 million, and a 15% rate on all income above $1 million.

Interesting the donald couldn't get anyone to figure out how much money this will bring in. Doesn't he have any accountants that work for him? No wonder he's gone bankrupt so many times.

He's certainly colourful, probably wouldn't be any worse as president than the other 9 little indians. At least he's not got the totally loony rights dick in his ass saying thank you sir may I have another. What a shit field to choose from on both sides. I don't see anyone that should be president. Is Ross Perot still alive?

3   marcus   @   2015 Aug 4, 1:04pm  

His 5 step tax plan seemed awfully arbitrary.

Why not 1% on incomee between 20K and 35K, 5% on income between 35K and 60K, 10% on income between 60K and 110K, 20% on income between 110K and 275k, and 40% on income over 275K ?

(perhaps raise it to 50% for the part of the income that's over 1 million per year).

Special note for people that don't understand progressive taxes: Under the plan I just described, the guy making a million a year would pay less than 15% on his first 275k, pay 40% only on the part of the income that is above 275K. This isn't communism.

4   zzyzzx   @   2015 Aug 4, 7:05pm  

marcus says

Why not 1% on incomee between 20K and 35K, 5% on income between 35K and 60K, 10% on income between 60K and 110K, 20% on income between 110K and 275k, and 40% on income over 275K ?

When you run for president, you can run on setting income tax rates any way you like.

5   Strategist   @   2015 Aug 4, 7:13pm  

marcus says

His 5 step tax plan seemed awfully arbitrary.

Why not 1% on incomee between 20K and 35K, 5% on income between 35K and 60K, 10% on income between 60K and 110K, 20% on income between 110K and 275k, and 40% on income over 275K ?

(perhaps raise it to 50% for the part of the income that's over 1 million per year).

Special note for people that don't understand progressive taxes: Under the plan I just described, the guy making a million a year would pay less than 15% on his first 275k, pay 40% only on the part of the income that is above 275K. This isn't communism.

What's wrong with Forbe's plan. Zero tax all the way to $50K. Flat tax after that.

6   lostand confused   @   2015 Aug 4, 7:16pm  

Funny I think it was Nixon a repub who slapped import tariffs? Maybe it will be another repub who puts on tariffs.

7   lostand confused   @   2015 Aug 4, 7:19pm  

zzyzzx says

Trump doesn't consider international trade to be a win-win proposition as do most modern economists. Instead, Trump believes that trade wars have clear winners and losers, and that currencies and trade restrictions must be used to ensure victory.

This is very important. There are winners and losers and you play to win. Now the same policy 20 years ago might have been a winner-but it can choke us now. It is like bulls and bears-a permabear will lose heavily in a bull market and a permabull will lose heavily in a bear market. Lets hope he wins-at least he might give us free entertainment-if he does not meet the hype.

8   Rew   @   2015 Aug 4, 7:33pm  

zzyzzx says

Trump doesn't consider international trade to be a win-win proposition as do most modern economists. Instead, Trump believes that trade wars have clear winners and losers, and that currencies and trade restrictions must be used to ensure victory.

Trump is for increased trade wars and conflicts. Lovely.

zzyzzx says

Along with his 20% tariff on imported goods, Trump also wants to impose an additional 20% tax on companies that hire foreign workers.

If extended to H1B visas destroys silicon valley and the majority of multinational corporations. Poof. Dead. Majority of sales growth for the big multinationals is all China and developing countries, since American consumer growth is much slower.

zzyzzx says

President Trump would push to build a physical wall on the border with Mexico. He proposed sending Exxon Mobil to Iraq to "take back the oil" to starve ISIS. However, he refuses to say whether he'd commit more American troops overseas.

He pays for said wall how? (See Jeb's recent comments on what actual reasonable tough on immigration border control looks like.)

If Exxon is going to take the oil back, without ground troops, they have some new job reqs to post requiring mercenary and solider of fortune skills. The US and world opinion will not support a war for aggressive appropriation of another countries natural resources. That's the stuff of the 1800s.

Basically, Trumps path as I see it is the destruction of international business and the increase of trade wars, which will become hot wars based on his "tough on" non-diplomatic stance.

The Trump recipe is bankruptcy and war. Brilliant.

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