To back up a smidge, Trump has (in this case) three plans that cancel each other out.
1. Cut taxes across the boards, for everyone - individuals and corporations.
2. Launch a massive infrastructure programme.
3. Double the economic growth rate.
*****
A. Taxes cuts of the level envisioned will...
B. Cut funds available for the infrastructure plan which will...
C. Result in massive borrowing, which will not stimulate enough growth to balance out the tax cuts and spending plan.
The last time the US made infrastructure investment on the scale Trump wants was in the 1950s-1960s (the interstate highway system). Top tax rates at the time were between 70 and 92 percent.
Want to 'Make America Great Again'? Raise taxes on the rich.
Boru
1. Cut taxes across the boards, for everyone - individuals and corporations.
2. Launch a massive infrastructure programme.
3. Double the economic growth rate.
*****
A. Taxes cuts of the level envisioned will...
B. Cut funds available for the infrastructure plan which will...
C. Result in massive borrowing, which will not stimulate enough growth to balance out the tax cuts and spending plan.
The last time the US made infrastructure investment on the scale Trump wants was in the 1950s-1960s (the interstate highway system). Top tax rates at the time were between 70 and 92 percent.
Want to 'Make America Great Again'? Raise taxes on the rich.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
