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shockey80

(4,379 posts)
Mon Jan 23, 2017, 10:39 AM Jan 2017

Trump speaking at his meeting this morning.

He wants to cut regulations by at least 75%. He said this will not hurt safety or environment. Massive tax cuts for the rich and middle class. That will lead to massive debt. Trickle down economics on steroids.

When you get right down to it. Trumps economic plan is legalized corruption. It may spike the economy at first but then the shit will hit the fan down the road.


14 replies = new reply since forum marked as read
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MineralMan

(146,288 posts)
4. Trump is in so far over his head that
Mon Jan 23, 2017, 10:49 AM
Jan 2017

he's spending his days ducking shark crap raining down on him from above.

RDANGELO

(3,433 posts)
5. The tax cuts won't do as much as they think it will.
Mon Jan 23, 2017, 10:59 AM
Jan 2017

Last edited Mon Jan 23, 2017, 11:34 AM - Edit history (1)

The tax cuts on the middle class won't increase disposable income that much because wages are low to begin with. The tax cuts on the wealthy, if it is used for investment, much of it will be invested in production outside the US because of our trade policies. Increasing the minimum wage to $10.00 an hour would probably be a bigger increase in disposable income.

uponit7771

(90,335 posts)
11. +1, giving a tax cut to people who pay little to no taxes in the first place affects the middle and
Mon Jan 23, 2017, 11:44 AM
Jan 2017

.. top more than the larger affect from higher salaries

Johonny

(20,841 posts)
13. The last tax table's based on his proposed plan I saw showed my taxes and the poors' going up.
Mon Jan 23, 2017, 11:49 AM
Jan 2017

Most of the tax cuts are for the wealthy and they already have more disposable income than can possibly imagined.

Johonny

(20,841 posts)
12. It is a little scary that we all know that 75% is a POOMA number. He can't name one he'd cut.
Mon Jan 23, 2017, 11:47 AM
Jan 2017

At the same time he is promising a new corporation foreign tax he can't possibly understand.

Then he promised to renegotiate NAFTA to be better for the US. He does understand Canada and Mexico just won't give terms away? Right? Oh dear.

logosoco

(3,208 posts)
14. What regulations are there if not the ones that protect the workers
Mon Jan 23, 2017, 11:55 AM
Jan 2017

and the environment? I was always under the impression that is what we had regulations for. If this is just about perpetuating the myth of lowering taxes to make things better for the economy, why not use the word taxes and not regulations?

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