Now I know why NOT to vote for Trump
Posted by strugatsky 9 years, 2 months ago to Politics
I was drawn to Trump for various reasons – his boldness, anti-political correctness, his recognition of real problems and not being afraid of talking about them in real terms. Much of what he said has been twisted by the media and made appear crude, insensitive, even illegal, but the media is very good at that… So, none of those issues bothered me at all, in fact, I was glad that he brought them up and I agree with many of them. But I also recognized that he is “loose cannon” and difficult to predict. He had the potential for much needed changes and for going off the constitutional path altogether. Yet, recognizing that essentially staying on the course of the past 30 or 40 years, were bound to fail, and fail big. However, the eye-opener was the debate in South Carolina, when the moderator pressed Trump to explain his often made claim that he plans to “make America great again” – as to, specifically, how? Trump answered that he would prevent US corporations from shipping jobs overseas by enacting (in proposed cooperation with Congress) a punitive tax (or tariff) on them of, say, extra 35%. So, instead of creating favorable conditions for the businesses (and individuals) by lowering taxes and eliminating frivolous regulations, Trumps proposed to be an American Hugo Chavez. One would think that he was reading Directive 10-289! And we all know how well this Directive has worked in Venezuela and how well it is working in Russia. So, this was my eye-opener. And a special thanks to Freedom for pointing at Gary Johnson – if Trump does indeed gets the nomination, I am definitely voting for Johnson.
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I heard Trump's response too, but I did not interpret it as to the exclusion of his first trying to encourage companies to remain in the US by offering various incentives to do so. He has talked about creating these incentives from the beginning of his campaign.
If you go to his campaign web site you will see some of what Trump is proposing to foster this plan. The following is copied from the Trump Campaign Web Site:
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Business Tax Reform To Encourage Jobs And Spur Economic Growth
Too many companies – from great American brands to innovative startups – are leaving America, either directly or through corporate inversions. The Democrats want to outlaw inversions, but that will never work. Companies leaving is not the disease, it is the symptom. Politicians in Washington have let America fall from the best corporate tax rate in the industrialized world in the 1980’s (thanks to Ronald Reagan) to the worst rate in the industrialized world. That is unacceptable. Under the Trump plan, America will compete with the world and win by cutting the corporate tax rate to 15%, taking our rate from one of the worst to one of the best.
This lower tax rate cannot be for big business alone; it needs to help the small businesses that are the true engine of our economy. Right now, freelancers, sole proprietors, unincorporated small businesses and pass-through entities are taxed at the high personal income tax rates. This treatment stifles small businesses. It also stifles tax reform because efforts to reduce loopholes and deductions available to the very rich and special interests end up hitting small businesses and job creators as well. The Trump plan addresses this challenge head on with a new business income tax rate within the personal income tax code that matches the 15% corporate tax rate to help these businesses, entrepreneurs and freelancers grow and prosper.
These lower rates will provide a tremendous stimulus for the economy – significant GDP growth, a huge number of new jobs and an increase in after-tax wages for workers.
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I understand your comment and his statement Saturday night was unsettling, but I would not go so far as to condemn Trump on just one statement without looking into the whole of the subject. Being the businessman he is he would know that this would, by itself, be political suicide. Trump can be unnerving and alarming in much of how and what he says. I still remain open to the possibility of a Trump nomination, however, it is a roller coaster ride- all the way up and all the way down and all the way up.... wheee what a ride!!!